Company Overview, Dec 2012..

www.ogdcl.com g

OGDCL
Largest g upstream player in Pakistan Strong financial position Excellent production and exploration prospects

Favourable Operating Environment

Attractive costs and returns

Proven exploration track record

Historical Information
Incorporated as a Corporation Incorporated as a Company Wells Drilled since inception Discoveries made since inception : : : : August 1961 October 1997 654 96 KSE, LSE & ISE London Stock Exchange US$ 1 1.00 00 billion

Listing of shares on Stock Exchanges : Listing of GDRs Profit After Tax 2011-12 : :

HSE
Compliant to HSE international, local laws & best practices. Environmental Excellence Awards for the last five years endorsed by UNEP. Major fields are IMS (Integrated Management System ISO 9001, ISO 14001 and OHSAS 18001) Certified/ Compliant. TOP HSE Initiatives for behavioral based safety. Onsite training programs on HSE. Employee HSE awareness is high.

Company Info:
Reserves, MMBOE :

1,067
+/- 1,000 41k 42

Average daily Production, Gas, MMSCFD : Average daily Production Oil, BOPD Fields on production In House resources Seismic S Parties Engineering g g Field Parties Total rigs in operation : : : : :

5 7 14-16

Country Production
OIL Country s Total Production Countrys OGDCLs Share Other Companies Share 69,446 BOPD 42,212 BOPD 27,234 BOPD GAS Countrys Country s Total Production OGDCLs Share Other Companies Share 3,993 3 993 MMCFD 1,055 MMCFD 2,938 MMCFD

As of September, 2012 Source: DGPC 6

1Q (July-Sept 12) Results

PKR in Mill, 1USD = +/-97

1Q 2012-13 1Q 2011-12
Net Sales Gross Profit Profit Before Taxation Profit After Taxation Earnings per share (PKR) 53,795 38,226 36,414 25,656 5.97 44,686 31,905 31,098 21,915 5.10

The New Initiative Oil Production Forecast (BPD)

60,000 55,000 50,000 45,000 BO OPD
39,372 BPD 42,450 BPD
Oil Target Annual: Forecast:
Nashpa Well #03 (3,500) Sinjhoro Phase-I & Nur & Bagla (1400+100=1500) KPD Phase-II & Rajian Well #07 (1 800+700 = 2 (1,800+700 2,500) 500) KPD Phase-II (i) (1,800) Sinjhoro Phase-II & Jakhro (1,600+230 = 1,830)

52,230 BPD

40,000 35,000 30,000 Jul-12 Oct-12 Sep-12 Mar-13 Feb-13 Nov-12 Aug-12 Dec-12 May-13 Jun-13 Jan-13 Apr-13

The New Initiative Gas Sales Forecast (MMSCFD)

1,400 1,300 1,200 1,100
MMSCFD
Sinjhoro Phase-II, Qadirpur HRL #07 & Jakhro (09+06+06 = 21) KPD Phase-II(i) & Bahu Dev. Well #06 (70+06 = 76) Installation of Ex-Pirkoh Compressors, Qadirpur Dev. Well #48 & Bahu Dev. Well #05 (75+10+06 = 91) Nashpa Well #03 (16) Sinjhoro Phase-I Phase I & Nur & Bagla (12+10=22)

1,353 MMSCFD
KPD Phase-II (70) Maru-Reti & Qadirpur #49 ERW (15+20 = 35)

1,018 MMSCFD

1,000
990 MMSCFD

900 800 Jul-12 Sep-12 S Jan-13 J Dec-12 D Aug-12 A Mar-13 M Apr-13 A Oct-12 O Nov-12 N May-13 M

Sale Gas Target Annual: Forecast:

Jun-13 J

Feb-13 F

Rigs & Prod Facilities

1Q Targets & Achievement

Achievement QTR-1 Production Activities Targets (QTR 1) (QTR-1) 2012-13 2012-13 2012 13 % age Achieved Targets (2Q) 2012-13

Oil (BPD) Sale Gas (MMCFD)

43,298

40,164

93%

43,311

981

969

99%

1,031

Ongoing g g Projects j
Projects Kunnar P K Pasakhikhi Tando Allahyar (KPD & TAY) Integrated Development Project Sinjhoro 64 Estimated Cost US$ (MM) Location
PHASE-I

Expected Completion
Completed May, 2013 February, 2014
PHASE-I: PHASE-II (Interim): PHASE-II: Total*: Total :

Expected Prod Capacity

Sales Gas S G Oil O (MMscfd) (BPD) 100 1500 125 150 250 3600 5100 Oil (BPD) 1400 1600 3000 LPG G (MTD) 120

350

Hyderabad, Sindh

PHASE-II (Interim) PHASE-II

290 410 LPG (MTD) 50 70 120

PHASE-I Sanghar, Sindh

November, 2012

PHASE-II May, 2013 (Includes production of Phase-I) February , 2014 (CDD) for Power

Sales Gas (MMscfd) PHASE-I: 16 PHASE-II: 9 Total: 25

Uch-II Development Project Jhal Jh l Magsi M i Development Project Nashpa/ Mela Development Project LPG Plant

188

Dera Bugti Balochistan

Generation to produce 404 MW of electricity

Sales Gas: 160 MMscfd @ 450 BTU/SCF

22

Jhal Magsi, Balochistan

December, 2013* * Subject to SSGCL ability of laying the 85 km pipeline

Sales Gas: 15 MMSCFD @ 934 BTU/SCF

Cost estimates are being revised

Karak &Kohat &Kohat, KPK

June 2014 June,

Sales Gas: 89 MMscfd @ 950 BTU/SCF LPG: 340 MTD Crude: 23650 bbls/ day

* Phase-II production includes from Phase-I & Phase-II Interim

Ongoing g g Projects j
Projects Estimated Cost (MM $) Estimated 2P Reserves (BSCF) Current Status Provided By RMD Department (as of 29.11.2012)

Sara West Zin Suleiman Jandran Dhodak Deep Qadirpur Deep

72 100 40 22 35

400.0 591.0 25.0 30.0

Waiting for gas allocation. Under Appraisal with Exploration Dept Dept. Application for DOC & Lease being prepared. Development options being evaluated. Under Appraisal with Exploration Dept. Under Appraisal with Exploration Dept.

60.0

60

60.0

Exploration Activities
Exploration Blocks, Blocks Seismic & Drilling
LEGEND
PROVINCE OGDCL OPERATED NON OPERATED

Punjab Sindh Balochistan KPK Offshore

07 09 10 05 03

01 02 04

Total
Drilling Activities

34

07

Seismic Acquisition

WELLS UNDER DRILLING SEISMIC OPERATIONS

Crew SP-1 SP-2 SP-3 SP 4 SP-4 SP-5 Area Bitrisim Fim Kassar Dakhni Multan North Chanda-Mela Mode 3D 2D 2D 2D 3D Balochistan Sindh PROVIN CE KPK Punjab NAME OF WE LLS (1) Nashpa Nashpa-4 4 (1) Ajuwala-1 (2) Narang Shah-1 (3) Chak Naurang South-2 (4) Bahu -5 (6) Rajian-7 (1) Dhachrapur-2 (2) ( ) Raja-1 j (3) ( ) Aradin-1 (4) Qadirpur 46 (1) Zin-3

Exploration Activities
NEW BUSINESS VENTURES
Evaluation : MGCL Asset Sale: Hanna Block Farm-in. Pakistan 5 Blocks, Bangladesh 2 Blocks.

PROSPECTIVITY ASSESMENT G&G WORK FOR PG TECHNOLOGY UPGRADE

Interpretation Facilities Seismic Data Processing System:

:Prospectivity p y Evaluation of Bidding g Blocks

acreage on going.

:On going
:GEOFRAM / PETREL. :H/W S/W under installation. :Professionals on Training in Cairo.

SHALE GAS PROJECT BALOCHISTAN ACTIVITIES OFFSHORE

Block G Offshore Indus A & R

:On going
:Kup-1 and Kalchas-1 Well location marking. Zin -3 under drilling, civil work on Zin Deep & 4 Appraisal Wells in progress. :Novation / Assignment Agreement . :Advance Seismic Processing planned.

Seismic Targets vs Achievements

2008-09 TO 2012-13
6000
5129

5000 4000

4831 4313

3166
Kilome eters

3129 2589 2228 1668 1500 1680 2316

3000
2290

2493

2000
1128

1000 0

968

660 291

655

705

533

200809

200910

201011
3DClearAreaTarget

201112
2DAcquired

(As on 05-12-2012)

201213

2DClearAreaTarget+Securityarea

3DAcquired

Drilling Schedule, 2012-13

SR. NO.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

Fiscal Year 2012-2013

RIG JUL
N-1 N-2 N-3 N-4 N-55 F-125 307 K-750T

1ST QTR. AUG

SEP

OCT

2ND QTR. NOV

DEC

JAN

3RD QTR. FEB

Repair

MAR

APR

4TH QTR. MAY

JUN

No. of wells to be spudded 1

Remarks

Ajuwala-1(Exp)-5300M- Ongoing Nashpa-4(Dev)-4500m Rig Repair Kohat-1 (Exp)1700m-Ongoing Zin-3(Appr)-2100M- Ongoing P Pasakh-9(Dev)-2200m-Ongoing kh 9(D ) 2200 O i N. Shah-1(Exp)-1700m-Ongoing W.Over jobs Multan N-1(Exp)-1900m QP 46 SML(Dev) B h 5 (D Bahu-5 (Dev)-1675m ) 1675 W.Over Deep wells Rajian-7(Dev)-3700m Repair B h 6 (D Bahu-6 (Dev)-1700m ) 1700 Repair

Fateh Jang X-1(Exp)-4500m Q.Pur Deep X-1(Exp)

2
Mela-4(Dev)-5100m

1
Soghri X-1(Exp)-4800m

2
Zin-5(SML Appr)-1100m S Saand-1(Re-entry) d 1(R t ) Bahu-7 (Dev)-1700m Repair QP 49 SML(Dev) QP 48 SML(Dev)-vertical C Naurang S-2(Appr)-3310m Bobi-10(Dev)-3500m QP HRL-8(Dev) Sinjhoro X-1(Exp)-3700m Zin Deep-1(Exp)-4200m KUP X-1 (Exp)-(4000m) Zin-4(SML Appr)-1100m

2
M lt North(Exp)-2000m Multan N th(E ) 2000

3
Bahu-8(Dev) Mianwali A-1(A)-2500m

3
W. Over Jobs QP 47 SML(Dev) Reti/Maru(Dev)-800m

1
QP 50 SUL(Dev)

C.R. HRL-6(Dev)-Ongoing CRACOW-1

5
QP HRL-7(Dev) Sara West-4(Dev)-2700m

C.R CCDC-26 CCDC 26 Ara Din-1 (Exp)-4300m-Ongoing C.R. CCDC-27 Nashpa-3(Appr)-5200M- Ongoing C.R. CCDC-31 Dhachrapur-2 (Appr) -3975m-Ongoing Sinopec-149 Raja-1(Exp)-4000m Cont. Rig Cont. Rig Cont. Rig

3
Gurgalot X-1(Exp)-5200m

2
Bitrism X-1 (Exp)-3200m

3
Sara West-5(Dev)-3000m

3
Jhal Magsi E-1(Exp)-3500m

2
Kalchas X-1(Exp)-4000m

2
Thal A-1(Appr)-3650m

Kalchas X-1 is stretched target. Subject to willingness of rig contractor.

T t l Total
Firm wells Contingent Security W.Over Repair Mobilzation Ongoing

36

Legend:

Prepared on 30-11-12

Drilling Performance
2008-09 2008 09 TO 2012 2012-13 13
60 32+20** 50 40
NUM MBERS

32+19** 32+19

No. of Rigs

Wells Spudded

Target

31+5** 3 5 30 26 21 16 16 17 13 25 25+2** 17 16 10 3* 7 2008-09 2009-10 2010-2011 2011-12 2012-13

(Ason30112012) *03wellsexpectedtospudinDec,2012 **Securitysensitiveareas

30 20 10 0

Joint Ventures
Signed Confidentiality Agreements with a local E&P Co for Zamzama North block block. OGDCLs assets available for Farm-out have been shared with an international E&P Co Co. CA is under review to share data of OGDCL Blocks. Similarly, 8 International Blocks are under review. Off Off-shore shore G-block G block farm farm-in in agreement being executed. executed OGDCL is active in seven non-operated joint ventures. Target vs Achievement of Non-operated J V, Oil - 98% & Gas - 103%

New Business
Exploring avenues for developing new business. Following initiatives are being progressed: a) EOI to participate in EOR/IOR and revitalization of mature fi ld fields. International consultants being g engaged g g for identification, , valuation and acquisition of an overseas oil company. In discussions with various potential partners on business opportunities locally & internationally.

b) )

c)

Human Resources

High quality and English speaking manpower available. Well defined HR Policies. Policies RPRJ, perpetual process. Field Rotation 21/21 days. Rotation of all Field Managers /OMS/ Party Chiefs within 3 years. Compensation Pay Package Studies every 3 years. Graduate Training Program for young graduates at OGTI OGTI. Training plan for 2500+ officers at OGTI. Converting OGTI into a University. Retired employees are contacted to deliver courses. Team building exercises, dispute resolution etc. In house hospitals/Laboratories & Pharmacies In-house Pharmacies. Medical facility for retired/widow and their dependants.

OGTI

OGTI

OGTI

External Communications

Continuous mapping exercise on company image building. Trained personnel for media handling. handling Focused on CSR activities. Enhancing external communications.

Rs Per Share

150

155

160

165

170

175

180

185

190

195

153.62

18-JUN-2012 TO 04-DEC-2012

OGDCL Share Price

1- Source: Karachi Stock Exchange (Guarantee) Limited 2- Closing share price taken for the last tarding day 18-Jun n-12 25-Jun n-12 2-Ju ul-12 9-Ju ul-12 16-Ju ul-12 23-Ju ul-12 30-Ju ul-12 6-Aug g-12 15-Aug g-12 23-Aug g-12 31-Aug g-12 7-Sep p-12 14-Sep p-12 19-Sep p-12 28-Sep p-12 4-Oc ct-12 10-Oc ct-12 19-Oc ct-12 24-Oc ct-12 25-Oc ct-12 30-Oc ct-12 31-Oc ct-12 1-Nov v-12 2-Nov v-12 5-Nov v-12 6-Nov v-12 7-Nov v-12 8-Nov v-12 12-Nov v-12 13-Nov v-12 14-Nov v-12 15-Nov v-12 16-Nov v-12 19-Nov v-12 20-Nov v-12 21-Nov v-12 22-Nov v-12 23-Nov v-12 26-Nov v-12 27-Nov v-12 28-Nov v-12 29-Nov v-12 30-Nov v-12 3-Dec c-12 4-Dec c-12

190.16

Risk Matrix
High Loss of L f Production IM MPACT ON N BUSINE ESS Loss of Manpower Medium Loss of Workplace Low Recovery of Dues Loss of Reputation Medium CHANCES OF HAPPENING High

Risks & Levels

Risks 1. Loss of Production Risk Levels High

2. Recovery of Dues 3. Loss of Reputation 4. Loss of Workplace 5 Loss of Manpower 5.

Medium Low Low Low

Corporate p Social Resp. p

As a responsible corporate entity, OGDCL continues to serve the community This contribution is in the shape of welfare schemes community. executed for the locals and society at large. At Exploration Phase US$ (10,000 to 30,000) is allocated annually for each h license. li At Production phase, contribution to society increases on the basis of units produced commercially. Cumulatively OGDC spends at least 1% of previous years net profit on CSR activities. For the year 2012-13, this amount comes to PKR. 635.273 Million.

CSR Areas of Focus

HEALTH
Free doctors & medicines, Ambulance Services, Mobile Dispensaries and Free Eye Camps Facilitation for Polio Campaigns

EDUCATION
Technical Training Schools Distribution of Stationery Building small Schools Scholarships for high schools Donation of Furniture, Computers & Water Coolers

SANITATION
Laying L i of f Pi Pipelines/ li / Overhead tanks Provision of water through Bowsers Hand pumps Construction of Mini Dams

SPORTS
Develop Play Grounds and Provision for Equipments for Sports National level sports funding for Football Sponsoring of Football Players

CSR Activities
Budget (2012-13) (2012 13) PKR 177Million Budget (2012-13) PKR 76Million

Budget (2012-13) PKR 329Million Budget (2012-13) PKR 52Million

Sectors Education Health Sanitation Sports 8

Overall CSR Budget for the 4 P i % 13 Provinces, %, 2012 2012-13

52.214 Million 75.921
Million Balochistan Punjab 8%

12%

KPK 28%
177.650 Million

Sindh 52%

329.488 Million

CSR Budget 1% of net profit = 635.273

* PCA Budget Included

CSR Activities Province Wise

Sindh

Punjab

KPK

Balochistan

CSR Schemes, % Completion (SINDH)

120
Provision of copies/uniform to Primary school.

100

Medicines to Taluqa Hospital

Construction of metaled road Ambulance to Taluqa Hospital

Equipments to secondary school

Provision of ambulance to S/W Dispensary

Running of Tando Mari school

80

Asgarabad school

Construction of S/W Dispensary

60

40
Construction of f 20 B Bed d Hospital

20

Up-gradation of Monotechnic institute

Qadirpur
Total No. of Schemes = 11 Total Cost of Schemes= 130.107 Million Total Budget = 329.488

BOC

Kunnar

HYD

TOC

Daru

Codal formalities completion

Physical progress

CSR Schemes, (SINDH)

Social Welfare Dispensary - Kunnar

Trauma Centre _Qadirpur

7km Black top road for village - Qadirpur

CSR Schemes, (SINDH)

Flood relief activities at Qadirpur

CSR Schemes, (SINDH)

Social welfare dispensary Qadirpur

R d from Road f P bli Dispensary Public Di to t Qadirpur Q di T Town

Vocational Training Centres for men & women -TOC

CSR Schemes, (SINDH)

F Free Eye E Camp C at tB Bobi bi

Free medical camp for flood affectees - TOC

Free Eye Camp at TOC

CSR Schemes, % Completion (PUNJAB)

120
Water storage Tanks Construction of one class room Furniture to Govt. Boys school Construction of S/W Dispensary Water coolers , beds for S/W Dispensary Misc. items for S/W Dispensary p y Repair of road Punj dheer Construction of 2 RCC Tanks

100

80

Construction of class room

60

Mother and child center

40

20

Rajian

Fimkassar

Chak Naurang

Nandpur S d l Sadqal
Codal formalities completion Physical progress

Total No. of Schemes = 10 Total amount of Schemes= 36.85 Million Total Budget g = 75.921

CSR Schemes (PUNJAB)

Small schools at ChakNaurang

Water Tank - ChakNaurang

Distribution of Books at Sadqal Oil Field

CSR Schemes (PUNJAB)

Free Eye Camp at Toot

Class rooms Constructed at ChakNaurag

CSR Schemes (PUNJAB)

Distribution of Food Hampers at Kalchas

Dispensary Under Construction at Chak Naurang

Library at Chak Naurang

CSR Schemes,% Completion (KPK)

120

Installation of 25 pressure pumps 175 storage water Tanks 50 pressure pumps

Construction of Nashpa banda road

100

80

60

Hiring of Caravan

40

20

Free eye camp

0

Chanda

Latamber

Nashpa
Codal formalities completion Physical progress

No. of Schemes = 06 Amount of Schemes= 27.830 Million Budget (2012-13) = 177.650

CSR Schemes (KPK) ( )

Free Eye Camp at Sakardara

Construction of Nashpa Banda dirt track road

Water supply to the locals at Chanda

CSR Schemes, % COMPL (BALOCHISTAN)

120

4t tube b wells ll
100

80
Water supply Water supply Water supply Water supply Water supply Water supply Water supply Mobile Dispensary Books/ uniform

60

Blood Bank Vocational school

Computer Lab

Computer lab for girls

40

20

Free eye camp

50 bed Hospital

Training of teachers

DeraBugti(Pirkoh,Uch,Loti,Zin)
codal formalities completion

Noshki
Physical progress

T t l No. Total N of f Schemes S h = 17 Total cost of Schemes= 236.182 Million Total Budget = 52.214

CSR Schemes, (BALOCHISTAN)

P bli School Public S h l Constructed C t t d by b at tL Loti ti

Construction of Pesh Bogi Bridge at Pirkoh

Social Welfare dispensary - Loti

Opportunities With OGDCL

E&P companies can partner in a Joint venture at exploration stage. Info available on website.

Contractors can participate in plant and facilities and other work. Tender documents are free and posted on our website from time to time.

Now what ????????????? ....

THANK YOU !!