Oil and Natural Gas Corporation Limited Media Interaction H1, FY 18

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Transcription:

Oil and Natural Gas Corporation Limited Media Interaction H1, FY 18 1 st Nov 2017 New Delhi 1

Crude oil production: Q2 & H1 FY 18 Crude oil production* increases: 0.9% on Q-o-Q basis and by 1.2% in H1, FY 18 Q2: Crude oil production (MMT) H1: Crude oil production (MMT) 12.74 12.89 6.39 6.45 0.9% 1.2% Q2, FY'17 Q2, FY'18 69480 TPD to 70110 TPD H1, FY'17 H1, FY'18 69600 TPD to 70450 TPD * Including ONGC s share in Joint Ventures 2

Natural gas production: Q2 & H1 FY 18 Substantial increase in Natural gas production* 7.7% on Q-o-Q basis and 8.4% in H1, FY 18 Q2: Natural gas production (BCM) H1: Natural gas production (BCM) 11.30 12.25 5.81 6.26 7.7% 8.4% Q2, FY'17 Q2, FY'18 H1, FY'17 H1, FY'18 63 MMSCMD to 68 MMSCMD 62 MMSCMD to 67 MMSCMD * Including ONGC s share in Joint Ventures 3

Gross Revenue (Rs. Crore) Gross Revenue increases: 3.1% on Q-o-Q basis and by 5.1% in H1, FY 18 due to increase in production volume and net realization Q2: Gross Revenue (Rs. Crore) H1: Gross Revenue (Rs. Crore) 18,395 18,966 36,180 38,039 3.1% 5.1% Q2, FY'17 Q2, FY'18 *Net Realization in Q2 FY 18 = US$ 51.22/bbl against US$ 47.92 in Q2 FY 17 H1, FY'17 H1, FY'18 *Net Realization in H1 FY 18 = US$ 51.13/bbl against US$ 47.00 in H1 FY 17 4

Profit After Tax - PAT (Rs. Crore) PAT increases by 3.1% on Q-o-Q basis; however, shows a decline of 2.1% compared to H1, FY 17 Q2: PAT (Rs. Crore) H1: PAT (Rs. Crore) 4,975 5,131 9,207 9,015 3.1% -2.1% Q2, FY'17 Q2, FY'18 H1, FY'17 H1, FY'18 Interim Dividend of 60% (Rs. 3 on each equity share of Rs. 5) 5

Growth Pursuits 6

MMT Projections: Crude oil production ONGC Crude oil production to increase over 27 MMT by FY 22 from ongoing and future projects 30 Crude Oil production 25 20 Growth Pursuits 15 10 5 0 2017-18 2018-19 2019-20 2020-21 2021-22 Base KG-DWN-98/2 Mumbai High South PH3 Mumbai High North PH3 Daman Development C-26 Clusters EOR Bassien NW- B-173A R12, R Series BSE-11 B-147 4th Ph Dev NBP Santhal Redev Others* 7

BCM Projections: Natural gas production ONGC Natural gas production to increase over 42 BCM by FY 22 from ongoing and future projects 45 40 Natural Gas production 35 30 25 20 15 10 5 0 2017-18 2018-19 2019-20 2020-21 2021-22 Base KG-DWN-98/2 Mumbai High South PH3 Mumbai High North PH3 Daman Development C-26 Clusters EOR Bassien VA & S1 NW- B-173A R12, R Series BSE-11 B-147 Others* 8

KG-DWN-98/2 KG-DWN-98/2 development being taken up with an investment of US$ 5,076 million Cluster-2 being developed first Peak production from East Coast Oil: 88,870 bopd (FY 22) Gas: 47 mmscmd (FY 23) Peak oil: 78,069 bopd Peak Gas: 15.6 mmscmd Cumulative production Oil: 25.87 MMT Gas: 45.49 BCM First Oil/Gas: 2019-2020 9

New Projects approved in FY 17 6 projects with investment of Rs. 7,670 Crore approved in FY 17 Sl. No 1 Name of Project NW B-173A Development Plan for Exploitation of Mukta pay NW B-173A Field Project Cost Rs Crore Envisaged Gain (MMtoe) Completion 474 0.97 May, 2019 2 Development of B-147 Field 546 1.20 Nov, 2019 3 Development of BSE-11 Block 511 1.14 Nov, 2019 4 4th Phase Development NBP Field 969 2.08 Nov, 2019 5 Development of R-Series Fields including Revival of R-12 (Ratna) 4,007 7.91 May, 2021 6 Redevelopment of Santhal Field 1,163 3.44 May, 2026 Total 7,670 16.74 10

Development projects 35 major projects worth around Rs. 92,000 Crore under implementation 14 projects are field development projects for monetizing new fields (11 in offshore and 3 in onshore); 6 projects are IOR/Redevelopment projects (4 in offshore and 2 in onshore); and 15 projects are for creation of infrastructure /revamping of facilities (4 in offshore and 11 in onshore). 11

Ongoing projects 14 oil & gas field development projects under implementation. Envisaged with investment of more than Rs 62,000 Crore Sl. No 1 Name of Project NW B-173A Development Plan Project Cost Rs Crore Envisaged Gain (MMTOE) Completion 474 0.97 May 2019 2 Integrated Development of Vasistha & S-1 Fields 4,259 15.96 Dec, 2017 3 Integrated Development of B-127 Cluster Fields 2,666 6.67 Mar, 2018 Development of B-147 Field 4 546 1.20 Nov 2019 5 Development of C-26 Cluster Fields 2,592 6.58 Dec, 2017 6 7 Field Development Plan of MADANAM NELP Block CY-ONN-2002/2- Field Development Plan for development of Deep-water NELP Block KG-DWN-98/2 390 3.75 Apr, 2019 34,012 74.23 Jun, 2020 Contd 12

Ongoing projects Sl. No 8 9 10 Name of Project Enhanced Recovery of Bassien field through Mukta, Panna formations Development of BSE-11 Block 4th Phase Development NBP Field Project Cost Rs Crore Envisaged Gain (MMTOE) Completion 4,620 19.01 Mar, 2019 511 0.77 Nov 2019 969 2.08 Nov 2019 11 Daman Development Project 6,086 32.68 Oct, 2019 12 Field Development Plan of CBM Bokaro 659 4.09 Mar, 2023 13 Dev. of R-Series Fields including Revival of R-12 4,007 7.91 May 2021 14 NELP Block KG-ONN-2003/1-Nagyalanka-KG 421 1.19 Sept 2018 Total 62,463 168 13

Overseas operations 14

ONGC Videsh: Overseas Production FY 17: Highest-ever production of 12.80 MMtoe (increase of 43%) Mainly due to acquisition of stake in Vankor 12.80 FY 17: Country wise production 2.92 4.34 7.26 8.87 8.92 8.36 2.87 3.34 3.41 5.49 5.53 5.51 4.37 8.43 Vietnam 12% Azerbaijan 7% Myanmar 7% FY'13 FY'14 FY'15 FY'16 FY'17 Oil (MMT) Gas (BCM) Russia 56% Brazil 5% Colombia 4% Venezuela Sudan 5% 4% 15

New Acquisition - Vankor Acquired 26% shareholding in Vankor field at base consideration of USD 2,198 million Vankor starts generating revenue Resulted in addition of 124.61 MMtoe of 2P reserves Expected Production of 4.628 MMT of crude and 1.716 BCM of gas in FY 18 (Total 6.344 MMTtoe; 79% of OVL s other than Vankor production expected in FY 18) Vankor is second largest field by production in Russia - accounts for 4% of Russian production 16

Mangalore Refinery Petrochemicals Ltd. 15 MMTPA state-of-art Refinery; Now a Schedule-A Company Highest-ever throughput of 16.27 MMT during FY 17 15 MMTPA state-of-art Refinery All units under Phase-III refinery expansion commissioned MRPL producing EURO IV grade of petrol & diesel and is equipped for commercial production of EURO V During FY 17 GRM 7.75 $/bbl; one of the highest among PSU refineries MRPL declares dividend of 60% i.e., Rs. 6 per share amounting to Rs. 1,052 Crore. 17

Integration projects 18

Integration Projects All Joint venture projects of ONGC - OPaL, OTPC, OMPL, PMHBL, DSZ and MSEZ are now operational and started generating revenue. OPaL OMPL All Units commissioned and are functional Largest Dual feed cracker in south Asia and 2 nd largest in the world OPaL revenue with 100% capacity utilization at current prices Rs. 15,000 Crore Production commenced from 1 st October 2014 Operating at ~ 95% capacity utilization; Achieved highest revenue of Rs.5,256 Crore with highest exports of Rs.3,741 Crore OTPC Achieved highest generation of 747 MW (103%) on 15th February 2017 Meets 35% power requirement of North Eastern states Turnover Rs.1,263 Crore up 22% from FY 16; Net Profit Rs.138 Crore Only gas based power plant to pay dividend 19

Thank you 20