Professional Documents
Culture Documents
1
ONGC Song
2
Courage to Explore, Knowledge to Exceed, Technology to Excel
3
Investor & Analyst Meet
Mumbai
June 27, 2006
4
Presentation overview
Highlights
Performance
– ONGC
– OVL
– MRPL
– Group
Initiatives
Strategic pursuits
5
Highlights
6
A New Mission
7
ONGC’s
attractive position
8
Navratna PSE with 50 years of
industry experience
9
Dominant position in Indian
Oil & Gas operations
10
Highly attractive
international portfolio
11
Very low financial leverage and
financially sound
12
Strong partnerships with
Global Oil & Gas majors
13
Strong government support
14
Capable Management team
15
Mission & vision
Cornerstone of success
16
Highlights: ONGC
17
Highlights: OVL
Increase/
FY 2005 FY 2006
decrease
Production (MTOE) 5.06 6.34 25% ©
Revenues (Rs Crore) 6,026 8,171 36% ©
PAT (Rs Crore) 761 901 16% ©
18
Highlights: MRPL
Increase/
FY 2005 FY 2006
decrease
Throughput (MMT) 11.85 12.12 2% ©
Capacity utilization (%) 122 125 2% ©
Exports (Rs Crore) 6,191 11,917 94% ©
Turnover (Rs Crore) 20,693 28,243 37% ©
Net Profit (Rs Crore) 880 372 58% ª
19
Highlights: ONGC Group
Increase/
FY 2005 FY 2006
decrease
Revenues (Rs Crore) 62,224 74,312 19.4% ©
PAT (Rs Crore) 14,339 15,398 7.3% ©
Net Worth (Rs Crore) 48,058 56,402 17.4% ©
20
ONGC: Moody’s Credit Rating
21
ONGC: CRISIL & ICRA Rating
CRISIL AAA
ICRA LAAA
22
Shareholding Pattern
(As on 23rd June 2006)
Govt., 74.14
Mutual Funds,
1.01
0.6
Others, 0.43 Public, 1.69
3
04
05
03
04
05
4
Ju 5
Ju 6
04
6
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p'
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c
ar
ar
ar
ne
ne
ne
De
De
De
Se
Se
Se
M
M
Ju
1600 10000
9000
8000
1200
7000
6000
ONGC Rs
NIFTY
800 5000
4000
3000
400
2000
1000
0 0
4/2/01 10/2/01 4/2/02 10/2/02 4/2/03 10/2/03 4/2/04 10/2/04 4/2/05 10/2/05 4/2/06
24
New Finds/ Reserve Accretion
25
OVL
26
MRPL
27
Awards & Accolades
28
Awards & Accolades
30
Performance
2005-06
31
ONGC
2005-06
32
Reserve Accretion
33
NELP-V
ONGC awarded
8 out of 20 Blocks
34
ONGC: Oil production (MMT)
(excluding PSC JVs)
26.48
26.01 26.06
24.71 24.40 27.35
35
ONGC: Gas Production (BCM)
(excluding PSC JVs)
36
ONGC: O+OEG Production (MMT)
(excluding PSC JVs)
38
ONGC: VAP Production (MMT)
39
PSC JVs Production (MTOE)
2.60
2.43
2.11
1.68
1.38
41
Gross Income (Rs Crore)
0 .6 %
= 2
R
CAG 48,442
50,556
35,387 34,045
23,857
10,529
8,664
6,198
11,421
30 % 10,681
R =
CAG
6,852
6,063
4,040
JVC
Projects 7.2% E&P Acquisition
35.0% 6.1%
Downstream
0.3%
Survey
13.1%
R&D
0.9%
Dev. Drilling
Expl. Drilling
16.4%
20.9%
45
How each Rupee was earned
2004-05 2005-06
Natural Gas Natural Gas
11% 13%
VAP
10%
VAP
13%
Trading
Trading
11%
Crude oil 7%
Crude oil
Others 62%
64% Others
4%
5%
46
Return on Capital Employed
ROCE (%)
59
54 57
46
39
47
Current Ratio
Current Ratio (X : 1)
48
Debt-Equity Ratio
Debt-Equity Ratio (X : 1)
0.100
0.010
0.010 0.003 0.002
49
Earning per Share
101.20
91.05
73.84
60.76
43.47
50
Book Value
250
207
51
Contribution to Exchequer (Rs Crore)
22,812 23,376
19,101
16,858
10,817
52
Dividend
6,417
5,704 Dividend (%)
450
4,278 400
3,422 300
53
ONGC Videsh Ltd.
2005-06
54
ONGC Videsh Ltd.
21 Projects (31 Blocks) in 13 Countries
Countries 1 +3 +3 +6 +9, -2
Vietnam Iraq Sudan Australia Cuba (2)
Russia Libya Ivory Coast Nigeria (JZD)
Myanmar Iran Syria (+2 in Vietnam &
(+2 in +1 in Myanmar,
Sudan), Egypt, Qatar,
Sudan Libya, Syria)
Pipeline
Projects* 1 4 8 8 14 21
-Producing 2 2 2 4
-Discovered 2 1 2 3 4
-Exploration 2 5 4 8 12
-Pipeline 1 1
56
OVL
57
OVL
JV with CNPC
58
OVL
59
OVL
60
OVL
1.76
1.35
0.52
0.18
0.07
Turnover up 36%
8,171
Rs Crore
6,026
3,502
233
62
OVL
428
59
63
OVL in Brazil
64
OVL in Sudan
65
OMEL in Nigeria
66
MRPL
2005-06
67
MRPL
11.85
12.12
10.05
7.26
69
MRPL
Turnover up 36%
49 % 28,243
R = Rs Crore
CAG
20,693
12,612
8,581
70
MRPL
880
Rs Crore
459 372
-412
71
MRPL
72
MRPL: Debt/Equity ratio
73
MRPL
74
MRPL Refinery upgradation & expansion
9.69 MMTPA to 15 MMTPA
75
MRPL
At 15 MMTPA Capacity
76
MRPL
At 15 MMTPA Capacity
77
MRPL received
Jawaharlal Centenary Gold Medal for Energy
Management, 2nd consecutive year, from CHT,
MOP&NG
Golden Peacock Award for best Environment
Management
Best safety managed refinery, 5 Star Rating from
British Safety Council
78
ONGC Group
2005-06
79
ONGC Group
Oil production down 3.6 %
24.4
ONGC JV OVL
80
ONGC Group
Gas production up 1.2%
0.07
0.52 1.35 1.75
1.38 1.68 2.60
2.11 2.43
ONGC JV OVL
81
ONGC Group
O+OEG production down 1.5 %
31.13 31.84
26.30 27.76
30.69
Turnover up 19%
Rs Crore
74,312
%
R = 33 62,224
CAG
45,302
35,564
23,890
84
ONGC Group
Net Profit up 7%
Rs Crore
25 % 15,398
R =
CAG 14,339
10,467 9,380
6,222
Net worth up 17 %
Rs Crore
R = 19%
CAG 56,402
48,058
40,740
35,639
29,636
87
Concerns
Subsidy payout
Gas pricing
88
Subsidy payout
89
Gas pricing
90
Initiatives
91
MUT Gas Trunk Pipeline
92
Shallow gas exploration
93
Sea-bed Logging
94
Integrity Pact
implemented from 1st July 2005
- First in India –
95
Collaboration with
96
Collaboration with
97
M/s Cameron
98
Domain Experts for
99
Corporate Commitment
100
Strategic
Pursuits
101
Strategic Pursuits
102
Monetizing Assets
103
Stabilizing output
Mehsana Asset
105
Stabilizing output
Ahmedabad Asset
106
Stabilizing output
Ankleshwar Asset
107
New fields
108
New fields
Recoverable reserve
Oil 6.19 MMT, Gas 3.2 BCM
109
Marginal fields
111
Assetizing Money
112
12 Mega Construction Projects
awarded in 2005-06
113
Major Projects: E&P
Project cost
Projects
(Rs. Crore)
114
Major Projects: E&P
IOR/ EOR Projects under implementation (Rs 12,054 Crore)
Revised Cost
Sl. Projects
(Rs Crore)
116
Technology Induction
117
Seismic API Technology induction
Q-Marine, GXT,
Seismic Vessel - MV Sagar Samiksha
Multi-component Seismic survey
EM Pulse source, Virtual Drilling
RTOC, Air Borne Electromagnetic survey
4C-4D Project
Digital oil field monitoring
Digital Geophone
Accelerated Weight Drop
118
Drilling & Field Services Technology
119
Production Technology
• FPSO
• Intelligent well completions, segmented
completion
• Onshore control room for offshore operations
• Dispersible smart plug
• New generation PWC-CFU
• Produced water re-injection
• Custody transfer meter
• Jack-up facility for B-173
• H2S scavenging for B-173
• Intelligent platform
120
New Business: Power
1,110 MW power
generation & transmission in Tripura
250 MW power merchant sale ex
Western offshore
2 x 50 MW Wind Farm in Gujarat &
Karnataka
121
Mangalore SEZ Ltd.
122
Aromatic Complex, Mangalore SEZ
123
Retail Market
124
Clean Coal Opportunities
125
Clean Coal Opportunity
Commercial production
targeted 2007
126
Clean Coal opportunities
Collaboration with
Skochinsky Institute of Mining (SIM), Russia
MOUs with
CIL, GSPC, GMDC, NLC
127
Clean Coal Opportunities
128
Thank you
129
Courage to Explore, Knowledge to Exceed, Technology to Excel
130