Oil & Gas Development Co. Ltd. · PSX:OGDC
Oil & Gas Development — FY2011 Earnings Presentation
12 slides from Oil & Gas Development's earnings presentation, Aug 12, 2011
Slide 1: OGDCL Full Year Results FY2011
Presentation on OGDCL Full Year Results FY2011 (July 2010 – June 2011) Friday, August 12, 2011
Slide 2: Forward Looking Statements
Forward Looking Statements During the course of this conference call presentation we may make forward-looking statements regarding future events or the future performance of the Company. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and speci
Slide 3: Overview
Overview As at June 30th 2011 (or as indicated below); ¾ Largest exploration and production company in Pakistan’s oil and gas sector ¾ Largest exploration acreage in Pakistan, covering 22% of the total acreage awarded ¾ Largest portfolio of net hydrocarbon reserves in Pakistan ⎯ 48% of oil (as at De
Slide 4: OGDCL Exploration Licenses
OGDCL Exploration Licenses Status as on June 30, 2011 Summary Of Exploration Licenses Provinces Operated Non-Operated Punjab 07 - Sindh 09 - Balochistan 10 01 K.P.K 05 02 Offshore 03 04 Total 34 07 Offshore Punjab 3 Blocks 7 Blocks 19% 17% KPK 5 Blocks 8% EXPLORATION LICENCES OGDCL Operated Balouchi
Slide 5: Full Year FY2011 Financial & Operational Performance
Full Year FY2011 Financial & Operational Performance ¾ Net revenues up by 9.2% to Rs 155.631 billion ¾ Earnings per share of Rs 14.77 against Rs 13.76 ¾ Oil - average net realized price of US$ 72.05 / bbl ¾ Gas - average net realized price of Rs 214.03 / Mcf ¾ Operating profit margin and net profit
Slide 6: Operational Update - Exploration
Operational Update - Exploration ¾ Total 21 wells spudded, comprising of 10 exploratory/appraisal and 11 development wells ¾ As at June 30, 2011 OGDCL operated in 34 Exploration Blocks (22 blocks with 100% share and 12 blocks as operated JVs) including 3 Offshore Blocks, covering an area of 61,084 S
Slide 7: Operational Update - Production
Operational Update - Production ¾ Compared with the preceding year, net gas production increased by 3.85% ¾ Net crude oil production decreased by 1.85% compared to preceding year ¾ LPG production during the year decreased by 3.41% mainly due to decline in production from non-operated fields. FY2009/
Slide 8: Operational Update - Projects
Operational Update - Projects SINJHORO DEVELOPMENT PROJECT The project will be completed in two phases by itself. The first phase will be completed by January 2012 and the second phase will be completed by April 2012 adding 3,000-3,500 Bpd, 25-30 MMCFD and 120-140 MTPD of LPG. KPD/TAY INTEGRATED DEV
Slide 9: Operational Update - Projects
Operational Update - Projects QADIRPUR COMPRESSION PROJECT Performance test of the 14 installed compressors shall be carried out by end September 2011. JHAL MAGSI PROJECT The project will be undertaken after 3rd party reservoir certification. UCH II DEVELOPMENT PROJECT 12 wells have already been dri
Slide 10: Financial Snapshot
Financial Snapshot 9.2% 160,000 FY2009 -10 FY 2010 -11 140,000 120,000 Rs. (Millions) 100,000 7.4% 80,000 39.1% 60,000 40,000 16.2% 20,000 0 Net Sales Operating Expl. & NPAT Expenses Prosp. Expenses 10
Slide 11: Financial Highlights
Financial Highlights % % In Pkr 000,000s 1H 2009/10 1H 2010/11 FY 2009/10 FY 2010/11 Change Change Net Sales 72,633 81,090 11.6 142,572 155,631 9.2 Operating profit margin (%) 61 62 1.8 60 56 (5.8) EBITDA margin (%) 71 72 1.1 71 71 - Net profit margin (%) 39 39 - 42 41 (1.7) Profit after tax 28,493
Slide 12: Summary
Summary ¾Focus on enhancing ¾Reserves base ¾Current production ¾Expeditious completion of development projects ¾Following international best practices ¾To become the best corporate citizen 12
Oil & Gas Development Company Limited (OGDCL) — FY2011 Earnings Presentation on 6ix