ONGC VIDESH LIMITED...ONGC Videsh Limited –International E&P Company of India 5 •Incorporated as...
Transcript of ONGC VIDESH LIMITED...ONGC Videsh Limited –International E&P Company of India 5 •Incorporated as...
ONGC VIDESH LIMITEDCORPORATE PRESENTATION
Nov 2020, Delhi
Disclaimer This presentation does not provide individually tailored advice but is an effort to express views that may
be considered debatable, and may not conform to different views on the topic and does not contain anyinformation of strategic nature emerging from the ONGC Videsh Limited
The Company has prepared this presentation based on information available to it, including informationderived from public sources that have not been independently verified. While reasonable efforts havebeen made to provide reliable information through this presentation, no representation or warranty,express or implied, is provided in relation to the fairness, accuracy, correctness, completeness orreliability of the information, opinions or conclusions expressed herein. Neither the Company noranyone else accepts any liability whatsoever for any loss, howsoever, arising from use or reliance on thispresentation or its contents or otherwise arising in connection therewith.
This presentation had been prepared without regard to any pressure group, institution/ lobby oninternational affairs or relations and is not meant to aim at any individual, institution, group, country,government or political representatives, its ideology, thinking or prophesy.
This presentation is not intended to be relied upon as advice to investors or potential investors and doesnot take into account the investment objectives, financial situation or needs of any investor. Theinformation contained herein does not purport to be all-inclusive or to contain all of the information aprospective or existing investor may desire. All investors should conduct their own investigation andanalysis of the Company and consider such factors in consultation with a professional advisor of theirchoosing when deciding if an investment is appropriate.
This presentation may contain forward looking statements including statements regarding our intent,belief or current expectations. While due care has been used in the preparation of forecast information,actual results may vary in a materially positive or negative manner.
2
Presentation Overview
Introducing ONGC Videsh
Global Footprint & Project details
Reserves and Production
Financials
Growth plans
Our Global Partners
1
2
3
4
5
6
3
Presentation Overview
Introducing ONGC Videsh
Global Footprint
Reserves and Production
Financials
Growth plans
Our Global NOC/IOC Partners
1
2
3
4
5
6
4
ONGC Videsh Limited – International E&P Company of India
5
• Incorporated as Hydrocarbons India Pvt. Ltd.
5th March, 1965
• Rechristened ONGC Videsh Ltd, wholly owned subsidiary of ONGC
15th June, 1989
• Global Presence17 Countries,
37 Assets
• Production (FY 2019-20)285.3
kBOEPD
• 2P/3P reserves (@01.04.2020)587/ 612 MMTOE
ONGC Videsh Limited – Key Strengths Enabling Sustainable Competitive Advantage
6
Company With Extensive
International Footprint
Alliances And Partnerships With Major
E&P Companies
Balanced Portfolio Of
Assets
Accomplished Human
Resources Supported By
Strong Governance
Technology As A Value Driver
Shashi Shanker
Chairman
Functional Directors
(Whole-time)
A K Gupta
Managing Director
Non-Executive Part Time
Directors
(Govt. Nominees)
Director (Operations)
GS Chaturvedi
Director (Exploration)
Vivekanand
Director (Finance)
B. Purushartha
JS, DEA, MoF
Non-Executive Part Time
Independent Directors
Functional Directors of ONGC are Special Invitee (s) to the Board.
B.N. Reddy
JS(IC), MoPNG
Board of Directors
7
ONGC Videsh Limited – Organogram
8
Managing Director
Director (Finance)
Internal Audit
Comm. ITCorporate Finance
& Oil/Gas sales
Intermediate Companies,
Amsterdam and Singapore
Director (Exploration)
Business Development
E&DOVAI,
Houston
Director (Operations)
Corporate Support Service
Mgmt. & Technical Cell
Engineering & Operations
HSE & Risk
Drilling
Corp Planning & Strategy , Strategic HR and CC
EC / CSR /RTI
General Counsel
Company Secretary
COLOMBIA BU
MENA BURUSSIA BUCIS BUASIA-PACIFIC
BUMZM BULAC BU
( Brazil+ Vnz)
Presentation Overview
Introducing ONGC Videsh
Global Footprint & Project Details
Reserves and Production
Financials
Growth plans
Our Global NOC/IOC Partners
1
2
3
4
5
6
9
Growth Of ONGC Videsh
2001
•20% PI in Sakhalin-1, Russia
2002
•17% PI in exploratory Block A1, Myanmar
•40% PI in exploratory Block Farsi, Iran
2003
• 25% PI in GNOP, Sudan (Exited from 31.08.2019)
• 24.125% PI in SPOC, South Sudan
2004
•60% PI in exploratory Block 24 Syria
1965
•Hydrocarbons India Ltd.- India’s first overseas venture in Iran
1975
•PI in Exploratory block Abu Khema, Iraq
1976
•PI in Exploratory block off the coast of Dar-es-Salam in Tanzania
1988
•Three exploration blocks: Block 6, Block 12E and Block 19 in Vietnam
2006
• 16.67-18.75% PI in AFPC, Syria
• 17% PI in exploratory Block A3, Myanmar
• 15% PI in BC-10, Brazil
• 50% PI in MECL, Colombia
2008
•40% PI in San Cristobal, Venezuela
2009
•100% PI in Imperial Energy,
Russia
2010
•11% PI in Carabobo-1, Venezuela
2013
• 2.7213% PI in ACG, Azerbaijan
• 2.36% stake in BTC pipeline
• Addl. 12% PI in BC-10, Brazil
2014
• 16% PI in Rovuma Area 1, Mozambique
2016
•26% equity in Vankorneft, Russia
2017
•30% PI in Exploration Blocks 2112A, 2012B & 2113B in Namibia (Relinquished)
2018
•4% PI in LZC, UAE
•25% PI in exploratory Block 32, Israel
Global Footprints of ONGC Videsh
37 projects in 17 countries
Exploration: 16
Discovered/ Developing: 4
Producing: 14
Pipeline: 3
Colombia 6 1
Brazil 1 1
LAC BU
Russia 3
Russia BU
Vietnam 1 1
Myanmar 2 2 2
Bangladesh 2
AP BU
Syria 1 1
Iraq 1
Iran 1
Israel 1
MENA BU
Details
Azerbaijan 1 1
Kazakhstan 1
CIS BU
Libya 1
UAE 1
South
Sudan
2
MOZAMBIQUE BU
Mozambique 1
VENEZUELA BU
Venezuela 1 1
Presentation Overview
Introducing ONGC Videsh
Global Footprint & Project Details
Reserves and Production
Financials
Growth plans
Our Global NOC/IOC Partners
1
2
3
4
5
6
12
Reserves - Growth
187 199 198 207 195161 190 186 203 193 196 207 203 199
271 287346 340
27 13 19 16 26 83
180 171199 199 199
393 409 397
433 424 330
246
13 13 18 2236
36 41
33 33 37
37 35 37
39 2731
25
214 225 230 241 243280
406 398435 425 432
637 647 633
743 738707
612
0
100
200
300
400
500
600
700
800
Proven Probable Possible
Reserves
@ 01.04.201P 2P 3P
Total
(MMToE)340.5 586.9 611.9
13
14
ONGC Videsh – Reserves Spread
Russia45%
South Sudan2%
Sudan0%
Colombia1%
Venezuela3%
Brazil1%
Azerbaijan2%
Vietnam2%
UAE4%
Syria1%
Mozambique37%
Myanmar2%
2P Reserves 586.9 MMTOE as on 1-4-2020
Production Performance
3.35 3.714.58
5.806.84 6.56 6.51 6.76 6.21
4.345.49 5.53 5.51
8.439.35
10.10 9.76
0.52
1.35
1.76
2.15
1.96 2.22 2.362.69
2.54
2.92
2.87 3.34 3.41
4.37
4.814.74 5.23
0.25
3.87
5.06
6.34
7.958.80 8.78 8.87
9.458.75
7.26
8.368.87 8.92
12.80
14.1614.83 14.98
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
FY'03
FY'04
FY'05
FY'06
FY'07
FY'08
FY'09
FY'10
FY'11
FY'12
FY'13
FY'14
FY'15 FY'16FY'17FY'18FY'19FY'20
PRODUCTION in MMTOE
Oil Gas15
76%
24%
23.7% OF ONGC GROUP
PRODUCTION (63.24 MMTOE)
FY’20
ONGC GROUP OVL
FY ’08
FY ’09
FY ’10
FY ’11
FY'12
FY'13
FY'14FY'15
FY'16
FY'17 FY'18 FY'19 FY'20
India - Domestic 66.54 66.36 81.20 89.93 85.64 78.54 73.17 71.12 69.20 67.90 68.35 67.10 63.40
ONGC Videsh 8.80 8.78 8.87 9.45 8.75 7.26 8.36 8.87 8.92 12.80 14.16 14.83 14.98
ONGC Videsh Production (%) 13.2 13.2 10.9 10.5 10.2 9.2 11.4 12.5 12.9 18.9 20.7 22.1 23.6
0.00
25.00
50.00
75.00
100.00
MM
TOE
Oil & Gas
Production of ONGC Videsh to National Production
Source : MoPNG
FY ’08
FY ’09
FY ’10
FY ’11
FY'12
FY'13
FY'14FY'15
FY'16
FY'17 FY'18 FY'19 FY'20
India - Domestic 34.12 33.51 33.69 37.71 38.09 37.86 37.78 37.46 36.90 36.00 35.70 34.20 32.20
ONGC Videsh 6.84 6.56 6.49 6.76 6.21 4.34 5.49 5.53 5.51 8.43 9.35 10.10 9.76
ONGC Videsh Production (%) 20.0 19.6 19.3 17.9 16.3 11.5 14.5 14.8 14.9 23.4 26.2 29.5 30.3
0.00
10.00
20.00
30.00
40.00
MM
T
Oil
16
ONGC Videsh – Production Basket
17
Russia56%
South Sudan4%
Sudan1%
Colombia5%
Venezuela2%
Brazil4%
Azerbaijan4%
Vietnam12%
UAE5%
Myanmar7%
Country Wise FY 2019 -20 (MMToE)
Presentation Overview
Introducing ONGC Videsh
Global Footprint & Project details
Reserves and Production
Financials
Growth plans
Our Global NOC/IOC Partners
1
2
3
4
5
6
18
3,087
1,6241,734
1,983
2,4932,392
311
-555
113 152241
64
(1,000)
(500)
-
500
1,000
1,500
2,000
2,500
3,000
3,500
2014-15 2015-16(IND AS)
2016-17(IND AS)
2017-18(IND AS)
2018-19(IND AS)
2019-20(IND AS)
US$ Million
Turnover Net Profit
Turnover & PAT
19
18,882
10,63511,629
12,787
17,436 16,965
1904
-3633
757 9811682
454
(5,000)
-
5,000
10,000
15,000
20,000
25,000
2014-15 2015-16(IND AS)
2016-17(IND AS)
2017-18(IND AS)
2018-19(IND AS)
2019-20(IND AS)
INR Crore
Turnover Net Profit
Presentation Overview
Introducing ONGC Videsh
Global Footprint
Reserves and Production
Financials
Growth plans
Our Global NOC/IOC Partners
1
2
3
4
5
6
20
Key CoVid Impacts to E&P industry7
Our Vision, Mission and Objectives
Our Vision
• To be a world-class exploration and production company providing energy security to the country
Our Mission
• To contribute 40 MMToe of equity Oil and Oil Equivalent Gas by 2040
Our Objectives
• To support India’s energy security
• To build balanced portfolio of exploration, discovered and producing assets in focus countries
• To build a team that excels in performance through assimilation of best practices and technologies
• To be at par with the best international oil and gas companies
• Be the strongest Indian Player in the international E&P
• Build collaborative relations with partners21
Acquisitions in last five years
22
Acquired in PI% Assets
May, 2016 15 Vankorneft, Russia
October, 2016 11 Vankorneft, Russia
February, 2018 4 Lower Zakum Concession, UAE
2 Exploratory Blocks: 30% PI in Namibia PEL 0037(Relinquished) for Blocks 2112A, 2012B and 2113B
25% PI in Block 32, Israel
ONGC Videsh - Gaining reputation & Stature
ProducingDiscovered/ Developing
Exploration Pipeline Total
Operator 1 1 11 0 13
Joint-operator
4 1 1 0 6
Non-operator
9 2 4 3 18
Total 14 4 16 3 37
Working in several assets as a credible operator / joint-operator
23
Presentation Overview
Introducing ONGC Videsh
Global Footprint & Project Details
Reserves and Production
Financials
Perspective Plan 2030
Our Global Partners
1
2
3
4
5
6
24
Our Partners
25
Partnerships with leading IOCs/NOCs worldwide
Recognitions and Awards
26
ONGC VIDESH
AWARDS
Won the India Risk Management Award, second time in a row in the category Best Risk Management Framework and Systems-PSU
Golden Peacock Award for Risk Management 2017 & 2018
‘Best Miniratna’ at Dun & Bradstreet PSU Excellence Awards 2015
India’s Most International Company based on the
Transnationality Index (TNI) as per survey by ISB, Hyderabad and
Fundacao Dom Cabral (FDC), Brazil for 211-012 and 2012-13.
Awarded ISO/IEC 27001:2013 Certificate for Information Security
Management System.
Awarded ISO 9001:2015, ISO-14001-2015 and ISO 45001-2018
Certificate for QHSE Management system .
India Pride Awards 2013-14 as the best PSU in oil and gas sector.
‘Best Employer Brand Organization in Oil and Gas’ in 2013 by
Asia Oil & Gas Congress.
Conferred with ICICI Lombard & CNBC-TV18 ‘India Risk
Management Awards’ 2016 and 2020 in Public Sector Unit of
the year category,
OVVL’s US$1 billion dual-tranche bond deal awarded, the “Best
Corporate Bond” deal from India at The Asset Triple A Country
Awards 2016.
Environmental sustainability, ICT Initiative and Employee
Productivity award in Miniratna-I category at the 4th edition of
Governance Now PSU Awards-2016.
Best Risk Management Framework & Systems – Risk Technology
– at the 4th edition of The India Risk Management Awards 2018.
Strategic Performance Award at Governance Now PSU Awards-
2017 and Strategic Investment Award at Governance Now PSU
Awards-2018 in Miniratna-I category.
SKOCH Oil and Gas Platinum award for Technology in
International Exploration and Production 2018.
Thank You
Strategy and Corporate Planning
© ONGC Videsh Ltd.Sep 2020
27