Sea Survival Training
- Why is Sea Survival Training critical?
- ONGC’s Sea Survival Centre: A National, and indeed, a Global asset
- Safety is paramount and valuable
- A Training for all!
- Other important training protocols
Post its 20th Annual General Meeting (AGM) at New Delhi on 25th September 2013, ONGC interacted with the media to share the highlights and developments:
| 1. | Performance highlights of ONGC (standalone): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| (a) | In 2012-13, ONGC accreted the highest Ultimate Reserves (3P) of 84.84 Million Tonnes of Oil Equivalent (MTOE) from domestic acreages (with 22 discoveries) - the highest in last 22 years. The Reserve Replenishment Ratio (RRR – ratio of reserves accrued to production) is over 1 for the 8th consecutive fiscal, compared to the global average of below 1. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (b) | Domestic Production (including Joint Ventures) was marginally down to 51.45 MTOE in FY-13 vis-à-vis 52.43 MTOE in FY-12, due to natural decline from matured oilfields. Overseas Production (ONGC Videsh) was down to 7.26 MTOE from 8.75 MTOE due to geo-political situations in Sudan, South Sudan and Syria. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (c) | Highest-ever Turnover: ONGC achieved the highest-ever turnover of ₹ 82,552 Crore, 8.4 per cent higher than FY-12. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (d) | Sharing of under-recoveries with the OMCs increased 11.1 per cent to ₹ 49,421 Crore compared to ₹ 44,466 Crore in FY-12. This resulted in Net profit going down by 16.7 per cent to ₹ 20,926 Crore. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (e) | The Dividend Pay-out ratio improved in FY-13 to 45.06 per cent (with tax) and 38.84 per cent (without tax). The total dividend is 190 per cent, amounting to ₹ 8,128 crore, plus dividend tax of ₹ 1,319 crore.
Dividend payout during the last five years
* Based on number of shares after split of shares and issue of bonus shares |
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| (f) | The total Capex of FY-13 was ₹ 29,503 crore. The cumulative Capex for the last five fiscals is ₹ 132,404 crore. The Capex for FY-14 is ₹ 35,049 crore. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (g) | ONGC’s wholly-owned subsidiary ONGC Videsh Limited (OVL): Achieved highest-ever Profit After Tax (PAT) of 3,929 crore (up 44 per cent from FY-12). | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2. | Group Companies: |
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| (a) |
ONGC Videsh Ltd. (OVL) and OIL jointly signed definitive agreements on 25th June 2013, with Videocon to acquire 10 per cent Participating Interest in Rovuma Offshore fields in Mozambique I. ONGC signed definitive agreement with Anadarko to acquire a further 10 per cent stake in the project, on 24th August 2013. ONGC Videsh completed acquisition of 2.7213 per cent of Participating Interest in Azeri, Chirag and Deepwater portion of Guneshli (ACG) fields in Azerbaijan and 2.36 per cent interest in Baku-Tbilisi-Ceyhan pipeline (“BTC”) on 1st April 2013. ONGC’s subsidiary MRPL, which became a Schedule A company on 4th July 2013. It achieved the highest-ever through-put of 14.4 million tonnes in FY-13. MRPL also achieved highest-ever turnover of 16,834 crore. PAT was negative due to inventory and exchange losses. The first unit of 726.6 MW (2x363.3 MW) ONGC Tripura Power Company’ (OTPC) gas based Combined Cycle Power Plant at Palatana, Tripura was dedicated to the nation by Hob’ble President of India, Shri Pranab Mukherjee on 21st June 2013. This project has been registered with the United Nations Framework Convention for Climate Change (UNFCCC) as one of the largest Clean Development Mechanism (CDM) projects in the world with an annual Certified Emission Reduction (CER) of 1.6 million. With this, ONGC has got 10 of its projects registered with UNFCCC. |
| Other highlights: | |
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| 1. | ONGC sets a new water-depth drilling record of drilling up to 10,385 feet of water in Krishna Godavari Basin |
| 2. | The additional reserves discovered in D-1 field makes it the 3rd biggest oil field of ONGC. ONGC christens the oil field as ‘N B Prasad’, after its visionary chairman, considered as the architect of India’s offshore oil industry. |
| 3. | Trunk Pipeline from Khoraghat GGS1 to Borholla GGS commissioned The Trunk Pipeline from Khoraghat GGS1 to Borholla GGS was commissioned on May 11, 2013. The trunk pipeline is of 8” size and 65 Km long, crossing rivers in four places. The entire crude from Khoraghat and Nambar fields will now be transported through this pipeline to Borholla GGS, reducing the tanker transportation cost as well offset the environmental pollution arising out of the operations. The project cost is around Rs 49.8 Crore and is expected to save Rs. 3.5 Crore per year. |
| 4. | ONGC rises to 155th position in Forbes Global ranking, up 16 notches from last year. |
| 5. | ONGC ranked 35th among 105 global corporations by ‘Transparency International’ for ethical and transparent business practices. |
For further information, please visit our website www.ongcindia.com
Conversion Rates:
INR/1 USD: 54.45 (average for the Year FY’13)
INR/1 USD: 47.95 (average for the Year FY’12)
| Listing references (as on 24th September 2013): | |
|---|---|
| ONGC |
BSE – Rs. 277.35 NSE – Rs. 277.25 |
| MRPL |
BSE – Rs. 34.40 NSE – Rs. 34.45 |
