Oil & Gas Development Co. Ltd. · PSX:OGDC
Oil & Gas Development — H1 FY2011 Earnings Presentation
11 slides from Oil & Gas Development's earnings presentation, Feb 24, 2011
Slide 1: OGDCL Half Year Results FY2011
Presentation on OGDCL Half Year Results FY2011 (July 2010 – December 2010) Thursday, February 24, 2011
Slide 2: Forward Looking Statements
Forward Looking Statements During the course of this conference call 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 specific and risks
Slide 3: Overview
Overview As at 31st December 2010 (or as indicated below); ¾ Largest exploration and production company in Pakistan’s oil and gas sector ¾ Largest exploration acreage in Pakistan, covering 23% of the total acreage awarded ¾ Largest portfolio of net hydrocarbon reserves in Pakistan ⎯ 47% of oil (as a
Slide 4: OGDCL Exploration Licenses
OGDCL Exploration Licenses SUMMARY OF EXPLORATION LICENCES PROVINCE NO. OF BLOCKS Punjab 08 KPK Sindh 09 Balochistan 10 KPK 05 Offshore 03 Total 35 SUMMARY OF NON OPERATED Punjab EXPLORATION LICENCES PROVINCE NO. OF BLOCKS Balochistan Sindh Sindh - EXPLORATION LICENCES Balochistan 01 OGDCL Operated
Slide 5: Half Year FY2010-11 Financial & Operational Performance
Half Year FY2010-11 Financial & Operational Performance ¾ Net revenues up by 11.6% to Rs 81.090 billion ¾ Operating profit margin and net profit margin stood at 62% and 39% respectively ¾ Earnings per share of Rs 7.35 against Rs 6.62 ¾ Net crude oil production of 36,970 barrels per day, net gas prod
Slide 6: Operational Update - Production
Operational Update - Production ¾ Compared with the preceding year, net gas production increased by 2.3% ¾ Net crude oil production decreased by 4.7% compared to corresponding period of preceding year ¾ LPG production during the year decreased by 2.5% mainly due to decline in production from Chanda,
Slide 7: Operational Update - Projects
Operational Update - Projects SINJHORO DEVELOPMENT PROJECT OGDCL has decided to develop the field by utilizing indigenous resources by relocating Dhodak Plant to Sinjhoro KPD/TAY PROJECT OGDCL Management has decided to go for KPD-TAY integrated development project with LPG extraction plant DAKHNI EX
Slide 8: Operational Update - Exploration
Operational Update - Exploration ¾ Total 07 wells spudded, comprising of 02 exploratory and 05 development wells ¾ As at December 31, 2010 OGDCL operated in 35 Exploration Blocks (22 blocks with 100% share and 13 blocks as operated JVs) including 3 Offshore Blocks, covering an area of 63,581.12 Sq.
Slide 9: Financial Snapshot
Financial Snapshot 90,000 11.6% HY 2009 -10 HY 2010 -11 80,000 70,000 Rs. (Millions) 60,000 50,000 10.9% 40,000 30,000 18.3% 20,000 25.1% 10,000 0 Net Sales Operating Expl. & NPAT Expenses Prosp. Expenses 9
Slide 10: Financial Highlights
Financial Highlights % % In Pkr 000,000s 1Q 2009/10 1Q 2010/11 HY 2009/10 HY 2010/11 Change Change Net Sales 31,826 39,452 24.0 72,633 81,090 11.6 Operating profit margin 62 60 (3.2) 61 62 1.8 (%) EBITDA margin (%) 73 70 (4.7) 71 72 1.1 Net profit margin (%) 38 42 11.7 39 39 - Profit after tax 12,06
Slide 11: Summary
Summary ¾Focus on enhancing ¾Reserves base ¾Current production ¾Expeditious completion of development projects ¾Following international best practices ¾To become the best corporate citizen 11
Oil & Gas Development Company — H1 FY2011 Earnings Presentation on 6ix