Oil & Gas Development Co. Ltd. · PSX:OGDC
Oil & Gas Development — H1 FY2012 Earnings Presentation
12 slides from Oil & Gas Development's earnings presentation, Feb 23, 2012
Slide 1: OGDCL Half Year Results FY2012
Presentation on OGDCL Half Year Results FY2012 (July 2011 – December 2011) Thursday, February 23, 2012
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 December 31, 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 ⎯ 51% of oil (as at
Slide 4: OGDCL Exploration Licenses
OGDCL Exploration Licenses Status as on December 31, 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 Province wise Acreage (%) Offshore Punjab 3 Blocks 7 Blocks 19% 17% KPK 5 Blocks 8% EXPLORATION LI
Slide 5: Financial & Operational Performance
Financial & Operational Performance Half Year FY2012 ¾ Net revenues up by 9.4% to Rs 88.680 billion ¾ Earnings per share of Rs 9.67 against Rs 7.35 ¾ Oil - average net realized price of US$ 82.03 / bbl ¾ Gas - average net realized price of Rs 220.13 / Mcf ¾ Operating profit margin and net profit mar
Slide 6: Operational Update - Exploration
Operational Update - Exploration ¾ Total 07 wells spudded, comprising of 01 exploratory and 06 development wells ¾ As at December 31, 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 Sq. Kms
Slide 7: Operational Update - Production
Operational Update - Production ¾ Compared with the preceding year, net gas production increased by 3.72% ¾ Net crude oil production showed a slight decline by 2.89% compared to corresponding period of preceding year ¾ LPG production during the year decreased by 16.37% mainly due to decline in produ
Slide 8: Operational Update - Projects
Operational Update - Projects KPD/TAY INTEGRATED DEVELOPMENT PROJECT OGDCL has completed Phase-I of the project and has started supplying around 100 MMcf dehydrated gas per day to M/s Sui Southern Gas Company Limited (SSGCL) and 1,000 bpd of condensate. Upon completion of Phase II of the project, th
Slide 9: Operational Update – Projects …
Operational Update – Projects … JHAL MAGSI PROJECT Jhal Magsi Development project is under implementation. The project is anticipated to be completed in February 2013 leading to expected production of 15 MMcf of gas per day. UCH II DEVELOPMENT PROJECT Under Uch-II development project, drilling of fi
Slide 10: Financial Snapshot – Half Year FY2012
Financial Snapshot – Half Year FY2012 9.4% 31.6% 24.4% 49.6% 10
Slide 11: Financial Highlights for Half Year FY2012
Financial Highlights for Half Year FY2012 % % Rs in Million 1Q 2010-11 1Q 2011-12 HY 2010-11 HY 2011/12 Change Change Net Sales 39,452 44,686 13.3 81,090 88,680 9.4 Operating Profit Margin (%) 60 64 8.1 62 62 - EBITDA Margin (%) 70 76 8.8 72 75 3.3 Net Profit Margin (%) 42 49 15.8 39 47 20.3 Profit
Slide 12: Summary
Summary ¾Focus on enhancing - Reserves Base - Production Volumes ¾Expeditious completion of development projects ¾Following international best practices ¾And to become the best Corporate citizen 12
Oil & Gas Development Company Limited (OGDCL) — H1 FY2012 Earnings Presentation on 6ix