Highlights:
- Gross Revenue INR 26,555 Crore
- Records 3.7 % increase in Natural Gas production
- Records 5.8 % increase in Value Added Products (VAP)
- 4 discoveries made in Q1 FY’20
In its 321st Meeting held on 13th August, 2019, ONGC Board approved the results for First Quarter (Q1) of FY 2019-20 (FY’20) as detailed below:
1. Financial Performance (Standalone)
| Particulars | Q1 2019-20 |
Q1 2018-19 |
% variation |
FY’19 |
|---|---|---|---|---|
| Gross Revenue (INR Crore) | 26,555 | 27,213 | (2.4) | 1,09,655 |
| Net Profit (INR Crore) | 5,904 | 6,144 | (3.9) | 26,716 |
| Crude Oil Price-Nominated | ||||
| Net Realization (US$/bbl) | 66.30 | 71.49 | (7.3) | 68.19 |
| Net Realization (INR/bbl) | 4,612 | 4,792 | (3.8) | 4,766 |
| Crude Oil Price-JV | ||||
| Realization (US$/bbl) | 66.78 | 67.97 | (1.8) | 65.97 |
| Realization (INR/bbl) | 4,645 | 4,556 | 2.0 | 4,611 |
| Gas Price | ||||
| Price on GCV basis($/mmbtu) | 3.69 | 3.06 | 20.6 | 3.21 |
2. Financial Performance (Consolidated)
| Particulars | Q1 2019-20 |
Q1 2018-19 |
% variation |
FY’19 |
|---|---|---|---|---|
| Gross Revenue (INR Crore) | 1,09,515 | 1,10,367 | (0.8) | 4,53,461 |
| Net Profit (INR Crore) | 7,043 | 9,318 | (24.4) | 33,887 |
| Net Profit (INR Crore) - attributable to owners | 6,694 | 8,287 | (19.2) | 30,495 |
| owners |
3. Production Performance
| Particulars | Q1 2019-20 |
Q1 2018-19 |
% variation |
FY’19 |
|---|---|---|---|---|
| Crude Oil–ONGC (MMT) | 4.792 | 5.027 | (4.7) | 19.626 |
| Crude Oil–JVs (MMT) | 0.714 | 0.809 | (11.7) | 3.120 |
| Condensate (MMT) | 0.363 | 0.380 | (4.5) | 1.485 |
| Total Crude Oil (MMT) | 5.869 | 6.216 | (5.6) | 24.231 |
| Gas – ONGC (BCM) | 6.148 | 5.925 | 3.8 | 24.747 |
| Gas – JVs (BCM) | 0.272 | 0.268 | 1.5 | 1.063 |
| Total Gas (BCM) | 6.420 | 6.193 | 3.7 | 25.811 |
| Value Added Products (KT) | 917 | 867 | 5.8 | 3,641 |
4. Exploratory Performance
ONGC has made 4 discoveries (3 prospects and 1 pool) in Q1 FY’20. The details of latest discovery made subsequent to the last press release on 30.05.2019 is as under:
SD-12(SDAG) in Sundalbari-Agartala Dome PML,West Tripura
Exploratory well SD-12(SDAG) flowed gas @ 1,14,000 m3/day. This is the first Middle Bhuban sand that has been established in the Sundalbari field and opens up a new play for exploration which will give incentive for targeting deeper prospects in this area.
For further information, please visit our website www.ongcindia.com
Disclaimer
This Press Release is intended to apprise the public regarding the highlights of Unaudited Financial Results of ONGC for the quarter ended 30th June, 2019 approved by the Board of Directors in their meeting held on 13.08.2019, in addition to informing about other major and/or related highlights/developments which in view of the management may be considered as important. These are not to be taken as forward looking statements and may not be construed as guidance for future investment decisions by investors/stakeholders.
Oil and Natural Gas Corporation Ltd
Corporate Communications, New Delhi,
