June 12, 2013, Helsinki
ONGC
Corporate Overview
2
22
33
44
Our performance– within and abroad
Our Pursuits & Institutes
Perspective Plan 2030
11 Introducing ONGC
Agenda
55 Our Greening initiatives
3
Introducing ONGC
4
E&P, Refining, LNG, Power, Petrochemicals & New sources of
energy.
ONGC is the flagship National Oil Company of India with interests
in
E&P, Refining, LNG, Power, Petrochemicals & New sources of
energy.
Refines >
250,000 bpd
of O+OEG
Extracts >
3.2 MMTPA
of VAP
Produces* ~
1.24 mbpd
of O+OEG
Promoter of
Petronet
LNG Ltd.
12.5%
equity
* Domestic & Overseas Assets
Exploring for CBM,
Alternates
Exploring for CBM,
UCG, Shale gas &
Alternates
Setting up
& SEZs
Setting up
Petrochemical Plants,
Power Plant in Tripura
& SEZs
Flagship National Oil Company
5
Platts Top 250 Energy Companies ranking 2012, Nov’2012
# 3 E&P Company in the World
# 22 Energy Company in the World
Forbes Global 2000 list for 2012, April’2012
# 171 in the Forbes Global 2000 list of world's biggest
companies.
Fortune Global 500 list 2012, July’ 2012
# 357 by Revenue among global 500 companies
Fortune’s Most admired companies list, April’2012
Among only two companies from India in the list
Only PSU to figure in the list
Highlights
Globally acclaimed …
6
ONGC, India’s most transparent company
# 39 among 105 largest listed companies
Ranked by Transparency International
Gold Trophy of SCOPE Meritorious Award for “Environmental Excellence” &
“Sustainable Development”
Highlights
Recognitions
Awarded 3 Petrofed oil & gas industry award 2011 for –Environmental
Sustainability, Human Resource Management and Innovator of the year
Best overall performance PCRA award for 3rd consecutive year
ONGC won five safety awards in different categories and one individual
award instituted by Oil Industry Safety Awards (OISD), MoP&NG.
ONGC won 10 awards in the Oil Mines Category at the prestigious National
Safety Awards (Mines) for the years 2008, 2009 and 2010
(71.62%)
(100%)(49%)
Overseas E&P Services
(100%)
Refinery Value-chain
(50%)
(12.5%)
(28.77%)
(49%)
(26%)
(49*%)
(23%)
(26%)
Power
SubsidiariesJoint Ventures
(100%)
(100%)
(50%)
ONGC Nile Ganga B.V,
Netherlands
ONGC Amazon Alaknanda
Ltd., Bermuda
Jarpeno Limited, Cyprus
(100%)
E&P domestic
operations
Carabobo One AB, Sweden
SEZ
* ONGC: 46%, MRPL: 3%
7
ONGC Narmada Ltd., Nigeria
(100%)
Others
ONGC Group
8
Corporate updates
ONGG Group
9
0
10
20
30
40
50
60
70
FY'62
FY'63
FY'64
FY'65
FY'66
FY'67
FY'68
FY'69
FY'70
FY'71
FY'72
FY'73
FY'74
FY'75
FY'76
FY'77
FY'78
FY'79
FY'80
FY'81
FY'82
FY'83
FY'84
FY'85
FY'86
FY'87
FY'88
FY'89
FY'90
FY'91
FY'92
FY'93
FY'94
FY'95
FY'96
FY'97
FY'98
FY'99
FY'00
FY'01
FY'02
FY'03
FY'04
FY'05
FY'06
FY'07
FY'08
FY'09
FY'10
FY'11
FY'12
MToE
Cumulative O+OEG
Production: 1,553
MToE
ONGC-Oil
ONGC-Gas
JV-Oil
JV-Gas
OVL-Oil
OVL-GasFY’12 Oil & Gas Production (MTOE): 61.18 MToe
ONGC
71%
OIL
10%
Others
19%
Contributes 71% of country’s
oil production; gas 54%
19% O+OEG
production from
overseas assets
50+ years of contribution
10
Highest-ever Turnover, PAT & Net worth
Turnover PAT
` Crore122
769
150
185
FY'11 FY'12
22
456
28
144
FY'11 FY'12
INR 1 Crore=0.179 Million USD
114
531
135
266
FY'11 FY'12
Net Worth
` Crore
22%
25%
ONGC Group Financials
11
Reserves
Mtoe Oil Gas Total
ONGC 532.79 717.44 1250.23
PSC
JV
18.04 19.24 37.28
OVL 261.24 164.70 425.94
Total 812.07 901.38 1713.45
As on 31.03.2012
737
33
193
964998
35
393
1 426
1 250
37
426
1 713
ONGC JV OVL Total
1P 2P 3P
FY’12, Reserves = 1,713.45 mtoe up; 1.5% (FY’11: 1,688
mtoe)
(Mtoe)
25,95 25,37 24,67 24,42 23,71
16,94
1,89 1,65 1,79 2,86 3,21
2,70
22,33 22,48 23,11 23,10 23,32
17,73
2,79 2,95 2,49 2,23 2,19
1,40
FY'08 FY'09 FY'10 FY'11 FY'12 9M FY'13
ONGC (Oil) PSC-JV (Oil) ONGC (Gas) PSC-JV (Gas)
12
Crude oil production (MMT)
FY’11 FY’12
ONGC 24.42 23.71
PSC-JV 2.86 3.21
Total 27.28 26.92
Natural gas production (BCM)
FY’11 FY’12
ONGC 23.09 23.32
PSC-JV 2.23 2.19
Total 25.32 25.51
52.96 52.45 52.06 52.60 52.43
Domestic production = 52.43 Mtoe; sustained
production
Domestic Production
38.77
13
Our Pursuits and
institutes
Transcending
Boundaries
28 projects
in 15
countries
10 producing
5 discovered
12 exploration
1 pipeline
14
VL
15
1 D
1
P+ 2
P
1
P + 1 PL1
E
1
E
5
E
5
E +
1
P
2
E
2
E +
1
P
1
E
1
E
1
E
1
E
1
E
1
E
2
P
2 D
1
P
1 D
1
E
1
E
1
E
1 D+
28 Projects in 15 Countries
10
producing
5
discovered
12
n
12
exploratio
n
1 pipeline
Global Footprint
VL
Russia
58 %
Venezuela
15 %
Sudan
10 %
Myanmar
9 %
Vietnam
4 %
Syria
2 %
Brazil
1 %
Colombia
1 %
16
Oil
(MMT)
Gas*
(BCM)
Total
(Mtoe)
P1 97.35 96.03 193.38
P2 150.29 49.03 199.32
P3 13.60 19.64 33.24
Total 261.24 164.70 425.94
Overseas O+OEG Reserves (3P)
* Includes condensate = 2.94 MMT
426 Mtoe of O+OEG reserves in 8 countries
OVL Reserves
FY’12, O+OEG production = 8.75 Mtoe
Energizin
g
Tomorrow
Unconventional
Alternate
17
VL
18
ONGC planning to explore Cambay,
KG, Cauvery & Bengal basins in
alliance with ConocoPhillip in India
and overseas
Shale Gas Research Consortium
agreement with Energy &
Geoscience Institute (EGI),
University of Utah, USA.
Sponsored shale gas research in
ISM, Dhanbad
Shale gas
ONGC the first to establish Shale gas presence in India
Potential Shale Gas basins
Cambay
Gondwana
Assam-Arakan
Vindhayan
Bengal
Rajasthan
USGS estimates 63tcf of Shale gas resources in India
KG
Cauvery
VL
19
Operating in 4 blocks
Current incidental production
8,000-10,000 scmd from Jharia
block
Farm-in opportunities for faster
exploitation of CBM resources
Planned investment = ` 5,000
Crore
Production to increase 600 fold to
6mmscmd in 10 years
CBM
Incidental CBM production commenced in 2010
VL
20
ONGC Energy Centre
Beyond ‘Hydrocarbons’
Agreement with M/s Natural Power Concepts (NPC), Hawaii,
USA for the project on “Kinetic Hydro Power Generation in
Rivers/ Water Channels/ Tail Races of Dams”
Thermo-Chemical Reactor for Hydrogen Generation.
Collaborative projects with IIT-D. Project on catalytic
decomposition nearing completion
Uranium exploration: Two Parametric wells in Tamil Nadu
successfully completed in April’2012.
Pilot Power Plant in Cambay Basin using Geothermal
Energy in collaboration with M/s. Talboom, Belgium
(agreement signed on 21.02.12)
VL
21
First 51 MW wind farm commissioned
in Gujarat on 6th Sept 2008
102 MW Wind Farm coming
up in Rajasthan
Investment ` 800 Crore
Likely commissioning in
FY’14
Wind Farm
51 MW Wind Farm commissioned in Gujarat
Value-chain
Integration
22
Chasing
the
molecule
Refining
Petrochemical
s
Petrochemical
s
LNG
Power
CGD
VL
95% of contracts awarded
53% of the project completed
Commissioning Q1, 2014
Project cost: ` 21,396 Crore
Rupee term loan being tied up
23
Petrochemicals
Equity holding: ONGC (26%), GAIL (15%),
GSPCL (5%), balance to be tied up
ONGC Petro-additions Ltd.
OPaL: world-class one of the biggest Petrochemical Plants in
Asia
OPaL: world-class one of the biggest Petrochemical Plants in
Asia
1.1 MMTPA Ethylene Cracker & Polymer plant
VL
97% of contracts awarded
Project implementation in full swing
Project cost: ` 5,750 Crore
Term loan of ` 2,508 Crore & ECB loan
of US$ 250 million tied up
Completion: Q4, FY’13
24
Petrochemicals
Equity holding: ONGC (46%), MRPL (3%)
ONGC Mangalore Petrochemicals Ltd.
streams
OMPL: a value addition project to monetize MRPL’s aromatic
streams
MMTPA) & Benzene (0.27 MMTPA)
Aromatic Petrochemical Complex producing Paraxylene (0.92
MMTPA) & Benzene (0.27 MMTPA)
VL
KDMIPE
GEOPIC
IDT
IRS
IOGPT
IEOTIPSHEM
INBIGS
ONGCA
CWELL
SMP
25
ONGC Institutes: Our R&D
legacyG&G studies, unconventional research
Basin Modeling, techno-economics,
Seismic Data
Processing,
interpretation
Drilling
Technology
Production
Engineering
Geotechnical &
Structural Engineering
Health, Safety
&
Environment
Geo-microbial
hydrocarbon
prospecting
Management
Development
Technology
hub Well
Logging
Oil field
equipment
maintenance
ONGC
Institutes Reservoir
Management
VL
26
ONGC Energy Centre: Quest for Energy
security
Vision: “ Harness Science & Technology
to meet national energy needs of tomorrow
in a clean and sustainable manner”
Bio conversion of
coal/oil to methane
Hydrogen
Kinetic Hydro
power
Geothermal
R&D
programme
s
27
12th Plan: ONGC Group
6 293
44 662
26 505
79 264
2 012 3 817
1 403
ONGC: 12th Plan (standalone)
ONGC Group 12th Plan outlay: ` 264,691 Crore
ONGC:
`163,956 Crore
against `120,552
Crore in 11th Plan
MRPL: `92,860 Crore
OVL: ` 7,875 Crore
Perspective Plan
2030
Seeking new horizons
28
…. blue print for brighter future
29
ONGC adopts
Perspective Plan 2030 in
May’12
VL
Seeking new horizons
30
PP2030
Aspirations
Transforming the focus from providing Hydrocarbon security to energy security
to the nation
by
Transforming leadership role in national hydrocarbon space to that in energy
sector. By 2030
To be accomplished by five shaping moves and supporting initiatives
VL
Seeking new horizons
31
Supporting Initiatives
1. Strengthen OVL processes &
technical systems
2. Continued regulatory engagement on
prices & policy
3. Strengthen staffing & capabilities in
focus areas
4. Improve services delivery under new
operating model
5. Align R&D with 2030 technology
priorities
Supportin
g
Initiatives
VL
Seeking new horizons
32
PP2030
Investment > ` 11,00,000 Crore during 2013-2030
`Crore
51,000
Prior to IX Plan
22,700
11,00,000
PP-2030
74,000
170,000
IX Plan X Plan
XI Plan
XI1 Plan
2,65,000
33
Highlights
34
Highlights
CMD, ONGC appointed on
the Board of the United
Nations Global Compact
(UNGC) by the UN Secretary
General, BAN Ki-moon for a
period of three years. The
first business leader from
Indian PSUs to join the
UNGC Board
Sustainability,
our Mantra
35
2012
ONGC ranked at 386 in Newsweek
Green Rankings 2012 Global 500 list
Among 13 Indian companies in the list ONGC placed at 9th position. Most of
the companies ranked above ONGC are mostly from IT and banking sector
which have lesser environmental footprint and impacts.
ONGC Registered 10 CDM projects with
UNFCCC under Kyoto protocol; Highest
by an Indian company
Responsible
Corporate Citizen
36
ONGC continues its quest to make positive, tangible
difference in lives of the vulnerable &
disenfranchised stakeholders
2% of PAT for CSR and Sustainability activities
ONGC continues its quest to make positive, tangible
difference in lives of the vulnerable &
disenfranchised stakeholders
2% of PAT for CSR and Sustainability activities
37
Thank you

Corporate Overview, Narendra Kumar Verma, ONGC

  • 1.
    June 12, 2013,Helsinki ONGC Corporate Overview
  • 2.
    2 22 33 44 Our performance– withinand abroad Our Pursuits & Institutes Perspective Plan 2030 11 Introducing ONGC Agenda 55 Our Greening initiatives
  • 3.
  • 4.
    4 E&P, Refining, LNG,Power, Petrochemicals & New sources of energy. ONGC is the flagship National Oil Company of India with interests in E&P, Refining, LNG, Power, Petrochemicals & New sources of energy. Refines > 250,000 bpd of O+OEG Extracts > 3.2 MMTPA of VAP Produces* ~ 1.24 mbpd of O+OEG Promoter of Petronet LNG Ltd. 12.5% equity * Domestic & Overseas Assets Exploring for CBM, Alternates Exploring for CBM, UCG, Shale gas & Alternates Setting up & SEZs Setting up Petrochemical Plants, Power Plant in Tripura & SEZs Flagship National Oil Company
  • 5.
    5 Platts Top 250Energy Companies ranking 2012, Nov’2012 # 3 E&P Company in the World # 22 Energy Company in the World Forbes Global 2000 list for 2012, April’2012 # 171 in the Forbes Global 2000 list of world's biggest companies. Fortune Global 500 list 2012, July’ 2012 # 357 by Revenue among global 500 companies Fortune’s Most admired companies list, April’2012 Among only two companies from India in the list Only PSU to figure in the list Highlights Globally acclaimed …
  • 6.
    6 ONGC, India’s mosttransparent company # 39 among 105 largest listed companies Ranked by Transparency International Gold Trophy of SCOPE Meritorious Award for “Environmental Excellence” & “Sustainable Development” Highlights Recognitions Awarded 3 Petrofed oil & gas industry award 2011 for –Environmental Sustainability, Human Resource Management and Innovator of the year Best overall performance PCRA award for 3rd consecutive year ONGC won five safety awards in different categories and one individual award instituted by Oil Industry Safety Awards (OISD), MoP&NG. ONGC won 10 awards in the Oil Mines Category at the prestigious National Safety Awards (Mines) for the years 2008, 2009 and 2010
  • 7.
    (71.62%) (100%)(49%) Overseas E&P Services (100%) RefineryValue-chain (50%) (12.5%) (28.77%) (49%) (26%) (49*%) (23%) (26%) Power SubsidiariesJoint Ventures (100%) (100%) (50%) ONGC Nile Ganga B.V, Netherlands ONGC Amazon Alaknanda Ltd., Bermuda Jarpeno Limited, Cyprus (100%) E&P domestic operations Carabobo One AB, Sweden SEZ * ONGC: 46%, MRPL: 3% 7 ONGC Narmada Ltd., Nigeria (100%) Others ONGC Group
  • 8.
  • 9.
  • 10.
    10 Highest-ever Turnover, PAT& Net worth Turnover PAT ` Crore122 769 150 185 FY'11 FY'12 22 456 28 144 FY'11 FY'12 INR 1 Crore=0.179 Million USD 114 531 135 266 FY'11 FY'12 Net Worth ` Crore 22% 25% ONGC Group Financials
  • 11.
    11 Reserves Mtoe Oil GasTotal ONGC 532.79 717.44 1250.23 PSC JV 18.04 19.24 37.28 OVL 261.24 164.70 425.94 Total 812.07 901.38 1713.45 As on 31.03.2012 737 33 193 964998 35 393 1 426 1 250 37 426 1 713 ONGC JV OVL Total 1P 2P 3P FY’12, Reserves = 1,713.45 mtoe up; 1.5% (FY’11: 1,688 mtoe) (Mtoe)
  • 12.
    25,95 25,37 24,6724,42 23,71 16,94 1,89 1,65 1,79 2,86 3,21 2,70 22,33 22,48 23,11 23,10 23,32 17,73 2,79 2,95 2,49 2,23 2,19 1,40 FY'08 FY'09 FY'10 FY'11 FY'12 9M FY'13 ONGC (Oil) PSC-JV (Oil) ONGC (Gas) PSC-JV (Gas) 12 Crude oil production (MMT) FY’11 FY’12 ONGC 24.42 23.71 PSC-JV 2.86 3.21 Total 27.28 26.92 Natural gas production (BCM) FY’11 FY’12 ONGC 23.09 23.32 PSC-JV 2.23 2.19 Total 25.32 25.51 52.96 52.45 52.06 52.60 52.43 Domestic production = 52.43 Mtoe; sustained production Domestic Production 38.77
  • 13.
  • 14.
    Transcending Boundaries 28 projects in 15 countries 10producing 5 discovered 12 exploration 1 pipeline 14
  • 15.
    VL 15 1 D 1 P+ 2 P 1 P+ 1 PL1 E 1 E 5 E 5 E + 1 P 2 E 2 E + 1 P 1 E 1 E 1 E 1 E 1 E 1 E 2 P 2 D 1 P 1 D 1 E 1 E 1 E 1 D+ 28 Projects in 15 Countries 10 producing 5 discovered 12 n 12 exploratio n 1 pipeline Global Footprint
  • 16.
    VL Russia 58 % Venezuela 15 % Sudan 10% Myanmar 9 % Vietnam 4 % Syria 2 % Brazil 1 % Colombia 1 % 16 Oil (MMT) Gas* (BCM) Total (Mtoe) P1 97.35 96.03 193.38 P2 150.29 49.03 199.32 P3 13.60 19.64 33.24 Total 261.24 164.70 425.94 Overseas O+OEG Reserves (3P) * Includes condensate = 2.94 MMT 426 Mtoe of O+OEG reserves in 8 countries OVL Reserves FY’12, O+OEG production = 8.75 Mtoe
  • 17.
  • 18.
    VL 18 ONGC planning toexplore Cambay, KG, Cauvery & Bengal basins in alliance with ConocoPhillip in India and overseas Shale Gas Research Consortium agreement with Energy & Geoscience Institute (EGI), University of Utah, USA. Sponsored shale gas research in ISM, Dhanbad Shale gas ONGC the first to establish Shale gas presence in India Potential Shale Gas basins Cambay Gondwana Assam-Arakan Vindhayan Bengal Rajasthan USGS estimates 63tcf of Shale gas resources in India KG Cauvery
  • 19.
    VL 19 Operating in 4blocks Current incidental production 8,000-10,000 scmd from Jharia block Farm-in opportunities for faster exploitation of CBM resources Planned investment = ` 5,000 Crore Production to increase 600 fold to 6mmscmd in 10 years CBM Incidental CBM production commenced in 2010
  • 20.
    VL 20 ONGC Energy Centre Beyond‘Hydrocarbons’ Agreement with M/s Natural Power Concepts (NPC), Hawaii, USA for the project on “Kinetic Hydro Power Generation in Rivers/ Water Channels/ Tail Races of Dams” Thermo-Chemical Reactor for Hydrogen Generation. Collaborative projects with IIT-D. Project on catalytic decomposition nearing completion Uranium exploration: Two Parametric wells in Tamil Nadu successfully completed in April’2012. Pilot Power Plant in Cambay Basin using Geothermal Energy in collaboration with M/s. Talboom, Belgium (agreement signed on 21.02.12)
  • 21.
    VL 21 First 51 MWwind farm commissioned in Gujarat on 6th Sept 2008 102 MW Wind Farm coming up in Rajasthan Investment ` 800 Crore Likely commissioning in FY’14 Wind Farm 51 MW Wind Farm commissioned in Gujarat
  • 22.
  • 23.
    VL 95% of contractsawarded 53% of the project completed Commissioning Q1, 2014 Project cost: ` 21,396 Crore Rupee term loan being tied up 23 Petrochemicals Equity holding: ONGC (26%), GAIL (15%), GSPCL (5%), balance to be tied up ONGC Petro-additions Ltd. OPaL: world-class one of the biggest Petrochemical Plants in Asia OPaL: world-class one of the biggest Petrochemical Plants in Asia 1.1 MMTPA Ethylene Cracker & Polymer plant
  • 24.
    VL 97% of contractsawarded Project implementation in full swing Project cost: ` 5,750 Crore Term loan of ` 2,508 Crore & ECB loan of US$ 250 million tied up Completion: Q4, FY’13 24 Petrochemicals Equity holding: ONGC (46%), MRPL (3%) ONGC Mangalore Petrochemicals Ltd. streams OMPL: a value addition project to monetize MRPL’s aromatic streams MMTPA) & Benzene (0.27 MMTPA) Aromatic Petrochemical Complex producing Paraxylene (0.92 MMTPA) & Benzene (0.27 MMTPA)
  • 25.
    VL KDMIPE GEOPIC IDT IRS IOGPT IEOTIPSHEM INBIGS ONGCA CWELL SMP 25 ONGC Institutes: OurR&D legacyG&G studies, unconventional research Basin Modeling, techno-economics, Seismic Data Processing, interpretation Drilling Technology Production Engineering Geotechnical & Structural Engineering Health, Safety & Environment Geo-microbial hydrocarbon prospecting Management Development Technology hub Well Logging Oil field equipment maintenance ONGC Institutes Reservoir Management
  • 26.
    VL 26 ONGC Energy Centre:Quest for Energy security Vision: “ Harness Science & Technology to meet national energy needs of tomorrow in a clean and sustainable manner” Bio conversion of coal/oil to methane Hydrogen Kinetic Hydro power Geothermal R&D programme s
  • 27.
    27 12th Plan: ONGCGroup 6 293 44 662 26 505 79 264 2 012 3 817 1 403 ONGC: 12th Plan (standalone) ONGC Group 12th Plan outlay: ` 264,691 Crore ONGC: `163,956 Crore against `120,552 Crore in 11th Plan MRPL: `92,860 Crore OVL: ` 7,875 Crore
  • 28.
    Perspective Plan 2030 Seeking newhorizons 28 …. blue print for brighter future
  • 29.
  • 30.
    VL Seeking new horizons 30 PP2030 Aspirations Transformingthe focus from providing Hydrocarbon security to energy security to the nation by Transforming leadership role in national hydrocarbon space to that in energy sector. By 2030 To be accomplished by five shaping moves and supporting initiatives
  • 31.
    VL Seeking new horizons 31 SupportingInitiatives 1. Strengthen OVL processes & technical systems 2. Continued regulatory engagement on prices & policy 3. Strengthen staffing & capabilities in focus areas 4. Improve services delivery under new operating model 5. Align R&D with 2030 technology priorities Supportin g Initiatives
  • 32.
    VL Seeking new horizons 32 PP2030 Investment> ` 11,00,000 Crore during 2013-2030 `Crore 51,000 Prior to IX Plan 22,700 11,00,000 PP-2030 74,000 170,000 IX Plan X Plan XI Plan XI1 Plan 2,65,000
  • 33.
  • 34.
    34 Highlights CMD, ONGC appointedon the Board of the United Nations Global Compact (UNGC) by the UN Secretary General, BAN Ki-moon for a period of three years. The first business leader from Indian PSUs to join the UNGC Board
  • 35.
    Sustainability, our Mantra 35 2012 ONGC rankedat 386 in Newsweek Green Rankings 2012 Global 500 list Among 13 Indian companies in the list ONGC placed at 9th position. Most of the companies ranked above ONGC are mostly from IT and banking sector which have lesser environmental footprint and impacts. ONGC Registered 10 CDM projects with UNFCCC under Kyoto protocol; Highest by an Indian company
  • 36.
    Responsible Corporate Citizen 36 ONGC continuesits quest to make positive, tangible difference in lives of the vulnerable & disenfranchised stakeholders 2% of PAT for CSR and Sustainability activities ONGC continues its quest to make positive, tangible difference in lives of the vulnerable & disenfranchised stakeholders 2% of PAT for CSR and Sustainability activities
  • 37.