Performance Highlights FY¶10

Dated: 28th May, 2010 A. Highlights

‡

Total 21 Discoveries made in FY¶10 which include 11 New Prospects (1 Deep water, 3 Shallow water, 7 Onshore) and 10 New pools (6 onshore, 4 offshore). ONGC¶s ultimate reserve accretion of 82.98 MTOE from domestic acreages is highest in 20 years. Crude production declines 2%, from 27.13 MMT to 26.46 MMT. Natural Gas production increases 1%, from 25.43 BCM to 25.60 BCM Net Profit of Q4FY¶10 increases 71%, from Rs 2,207 Crore to Rs. 3,776 Crore. Annual net profit of ONGC increases 4%, from Rs. 16,126 Crore to Rs.16,768 Crore in FY¶10.

‡ ‡ ‡

‡

Subsidy payout of Rs.4,999 Crore as compared to Rs. 852 Crore in Q4FY¶09. On annualized basis, subsidy payout of Rs.11,554 Crore as compared to Rs. 28,225 Crore in FY¶09. Dividend: Recommended payout of Rs. 33 per share (including interim dividend Rs. 18 per share) aggregating to Rs. 7,058 Crore (FY ¶09- Rs,32 per share aggregating to Rs 6844 crore) ONGC Exploration & Production (E&P) Highlights: B.1 Exploration

‡

1 2 3

Total 21 Discoveries made in FY¶10 which include 11 New Prospects (1 Deep water, 3 Shallow water, 7 Onshore) and 10 New pools. ONGC¶s ultimate reserve accretion of 82.98 MTOE from ONGC operated domestic acreages is highest in 20 years. Reserve Replacement Ratio of 1.73 (up 20% against RR of 1.44 in FY¶09) is the 6th consecutive year of maintaining Positive reserve replacement. B.2 Reserve Accretion in 2009-10 Ultimate (MTOE)

Domestic JV Domestic

82.98 4.39

B.3 Reserve Replacement ratio of ONGC-operated domestic areas

619.13 22.99 1.46 FY¶09 25.11 02.32 .74 B.131 1.98 Production MTOE 48.205 FY¶09 55.09 OVL 185.44 1. Production Production Performance ± FY¶10 FY¶10 Crude Oil ± ONGC (MMT) Crude oil ± JVs ± (MMT) Total Crude Oil ± (MMT) Gas ± ONGC (BCM) Gas ± JVs (BCM) Total Gas (BCM) Total VAPs ( MMT) D.48 02.78 398.03.43 03.72 1.78 Reserve Replacement Ratio 1.82 68.85 47.56 63.2010 ONGC 1P 2P 3P 737.95 46.174. Financials (Rs.25 C.24 Total 962.49 48.67 01.76 27.90 82.37 01.59 43.792 12.419 8.89 1.79 26.95 25.32 1.4 Aggregate (Ultimate) Reserves (MTOE) as on 31.99 356. in Crore) Particulars Sales Income (excl. Trading) Trading of MRPL products Q4FY¶10 Q4FY¶09 14.369.670 % Var 22 FY¶10 60.60 03.510 % Var 9 24.Year 2006-07 2007-08 2008-09 2009-10 Ultimate Reserve Accretion (MTOE) 65.46 23.49 25.92 JV 39.35 1.31 968.28 47.

059 13.92 71.776 13. per Bbl Pre Discount Rate Discount Post Discount Rate 3.576 10.76 86.1 Subsidy Impact on Profit (Rs. Consolidated Group Results of ONGC Group consisting of: .448 15.955 1.In Rs.653 2.91 F.635 1.40 49.798 2007-08 22. LPG.In USD per Bbl Pre Discount Rate Discount Post Discount Rate B.024 1. Naptha etc ONGC continues to be a zero debt Company E.089 10.2 Particulars 11.207 7 71 60./USD Ex. Rs.554 1.225 4.929 16.15 38.205 16.15 27.190 79.768 63.933 15.45 43.85 4.956 1.925 6.801 2.42 47.Sales Income (Including Trading) Net Profit 14.45 47.792 3.241 2006-07 17.397 745 2.70 45.42 45.94 47.71 55. 13% from sale of Natural Gas.74 51.333 2005-06 11.210 Gross Discount Impact on Statutory Levies Impact on Profit before tax Impact on Profit after tax E. Rate C.629 9.942 20.274 2.361 3.551 Impact of Discount on Rate of Crude Oil: FY 2009-10 Q4 FY FY 2008-09 Q4 FY A.765 2. 14% from sale of Value-Added-Products (VAPs) viz.65 15.001 1.159 3.867 7.292 23.381 221 2.126 (6) 4 1 2 73% of the Turnover derived from sale of Crude Oil. in Crore) 2009-10 2008-09 28.

115 Crore.59 MMT in FY¶09 Capacity utilization 129%. Russia. Associate: Pawan Hans Helicopters Ltd 1 Group Turnover of Rs 106. i ii iii iv v vi vii ONGC Videsh Ltd (Consolidated) Mangalore Refinery and Petrochemicals Ltd Joint Venture Entities: Petronet LNG Ltd Petronet MHB Ltd Mangalore SEZ Ltd ONGC Mangalore Petrochemicals Ltd ONGC Petro Additions Ltd ONGC Tripura Power Company Ltd ONGC TERI Biotech Ltd 5.1 ONGC Videsh Ltd. 19. OVL has 39 projects spread over 16 countries with 9 producing assets in 7 countries namely Sudan. down 25% over Rs. the highest among Indian Refineries.78 MTOE in FY¶09 Profit after tax Rs. 2.413 Crore in FY¶09) due to fall in international prices of refined petroleum products of MRPL and crude oil prices of OVL.87 MTOE of O+OEG. (MRPL) in FY¶10 1 2 Refinery Crude Thruput 12.169 Crore (down 3% from Rs.2 Mangalore Refinery & Petrochemicals Ltd. . (OVL) in FY¶10 1 2 3 4 Production of 8. Vietnam. Syria. 4. as compared to 8. 2 F.853 Crore in FY¶09 (lower average crude oil prices in the international market) OVL led Consortium selected to acquire stake for development of Heavy Oil field in Venezuela. 109.796 Crore in FY¶09) F. 2. Columbia and Venezuela.404 Crore (down 2% from Rs. 3. down from 12.1.50 MMT. Oil and Natural Gas Corporation Ltd Subsidiaries: 2. Net Profit of the Group Rs 19. Brazil.

431 15. soon after the ONGC Board meeting.44 42.com Conversion Rates: .98 42.112 Crore.012 1. Dividend payout during the last five years (Rs. in Crore) Year PAT % Dividend Rs.058 900 1.193 Crore in FY¶09 G.66 49.631 6. down 7% Rs.768 300* 310 320 320 330 * adjusted for bonus Declaring the audited financial results of ONGC Group for FY¶10 to the media on 28th May 2010.417 6. Implementation of value added SPV businesses. 1. CMD Mr. as well as OMPL coming on stream.719 Crore in FY¶09 (due to fall in international prices of refined petroleum products) Profit-after-tax Rs.95 49.86 47. R S Sharma outlined that prudent reservoir management has always been ONGC¶s focus area through identified Improved Oil Recovery (IOR) and Enhanced Oil Recovery (EOR) or redevelopment schemes.844 6. in crore 6. down 15% from Rs. ONGC has forayed into E&P of alternate and clean sources of energy and is benchmarking its operations leading to energy efficiency and help develop new Clean Development Mechanism (CDM) Projects.17 Excluding Dividend tax 44.187 Tax on Dividend Payout % Including Dividend Tax 50.ongcindia. 42. please visit our website www. 36.702 16.126 16. Production enhancement in oil as well as gas due to new development schemes under implementation.844 7. He further stated that future upsides for company¶s growth would come from : i ii iii iv v vi Increase in APM gas price.163 1.3 4 Turnover Rs.081 Crore. 1.643 16. In addition.39 40. MRPL: Up-gradation and capacity enhancement of refinery.47 42. OVL : Higher production and revenue from new acquisitions. pursuant to Dr. Kirit Parikh Committee recommendations.09 2005-06 2006-07 2007-08 2008-09 2009-10 14.163 1. Anticipated equity in subsidy sharing mechanism in crude oil sales.70 48. For further information.

ongcdelhicc@gmail. 1130.in. Corporate Communications.42 (average for the Year FY¶10) INR/1 USD: 45. 23301302.co.00 MRPL: BSE ± Rs.com Issued By :.91 (average for the Year FY¶09) Listing references (as on 28th May.95 NSE ± Rs. New Delhi .50 NSE ± Rs. Issued By Oil and Natural Gas Corporation Ltd. Tele-Fax: 011-23357860 Mail: ongcdelhicc@ongc.66.00. 1129. Oil and Natural Gas Corporation Ltd.Corporate Communications. Phone: +91-11-23320032. 66. 2010): ONGC: BSE ± Rs.INR/1 USD: 47. New Delhi.

Sign up to vote on this title
UsefulNot useful