Hindustan Oil Exploration Co., Ltd. · NSE:HINDOILEXP
Hindustan Oil Exploration — Q1 FY2023-24 Earnings Presentation
19 slides from Hindustan Oil Exploration's earnings presentation, August 2023
Slide 1: Earnings Presentation Q1 FY 23-24
Hindustan Oil Exploration Company Limited EARNINGS PRESENTATION | Q1 FY 23-24 AUGUST 2023
Slide 2: Tailored Asset Portfolio with Broad Geographical Presence
Tailored Asset Portfolio with Broad Geographical Presence Onshore Offshore Onshore Offshore Onshore Oil Well Oil Well Gas Gas Exploration • India Focused Asset Portfolio tailored to deliver our strategy of rapid development of discovered resources • Strong offshore presence with anchor assets on bot
Slide 3: Focused Strategy for Value Generation
Focused Strategy for Value Generation Uniquely placed with right organization and right asset portfolio to deliver superior value Focus on Growth strategy Growing responsibly Discovered Resources • Focus on discovered oil and • Build on Offshore Operating • Create long-term stakeholder gas resources
Slide 4: Q1 FY23-24 Operational Highlights
Q1 FY23-24 Operational Highlights 4
Slide 5: Q1-FY23-24 Operational Highlights
Q1-FY23-24 Operational Highlights Gross Production (BOEPD) Net Production (BOEPD) Q4 FY22: 10,596 Q4 FY22: 4,073 FY22-23: 8,793 FY22-23: 2973 Q1 FY 23-24: 6694 Q1 FY 23-24: 3152 Dirok • Q1 FY23-24 average production Gas: 10.239 mmscfd & Condensate: ~ 187 bopd • Q4 FY22-23 average production : Gas:29
Slide 6: B-80 Operations Update
B-80 Operations Update • Field is shut-in as production was interrupted due to cyclone Biporjoy • Preventive maintenance of Facilities carried out • Flushing of export line with chemical & hot water treatment done • Production resumed on 16th Aug 2023 • Produced oil is being transported and stored a
Slide 7: B-80: Facilities & Reserves
B-80: Facilities & Reserves 2P Reserves -100% Oil (MMBbl) Gas (BCF) 25.9 65.3 • Production profiles based on the current production is being studied • Raw 3D Seismic data is being re-studied for enhanced interpretation KGB- Offshore Installation at B-80 Site 7
Slide 8: Dirok: Production & Phase-II development
Dirok: Production & Phase-II development Field Layout 10.23 mmscfd 187 bopd > 15% Gas Production Condensate production Assam Gas (Q1-FY24) (Q1-FY24) Production • Sales during Q1 FY 24 reduced by about 66% compared to the previous quarter due to consumers plant shut- down • Field is having potential
Slide 9: PY-1: Redevelopment
PY-1: Redevelopment USD 3.67 55 mmscfd 56 km Realised Price per Processing Sub sea MMBTU Capacity pipeline Cauvery • Production Sharing Contract stands extended till October 5, 2030 • Offshore platform in Cauvery Basin with 8 slots and four wells drilled • Unique, gas-bearing and the only offshore f
Slide 10: Kharsang: Phase I Development Plan
Kharsang: Phase I Development Plan 356 boepd Revised FDP Oil Production 35% & Appraisal Direct + Indirect PI (Q1-FY24) in progress Field Overview • HOEC holds 35% participating interest in the Block • Acquired 50% share capital of Geoenpro and, it is now a subsidiary of HOEC • Geoenpro is the Operat
Slide 11: Cambay: Developments
Cambay: Developments 75 bopd 0.365 mmscfd Asjol, North Oil Production Total Gas Production Balol and Palej Cambay Cambay (Q1-FY24) (Q1-FY24) Marginal fields at Cambay Approved FDP to be executed over the next two years: Gujarat • Asjol: 2 development wells & hook-up to EPS; public hearing completed
Slide 12: Q1/3M FY23-24 Financial Highlights
Q1/3M FY23-24 Financial Highlights 12
Slide 13: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss PARTICULARS (INR Cr) Q1-FY24 Q4-FY23 FY23 FY22 INCOME Revenue from operations 167.61 175.09 558.92 155.73 Other income 6.25 4.23 8.80 11.46 Total revenue 173.86 179.32 567.72 167.19 EXPENSES Expenses from producing oil and gas blocks 74.87 42.25 176.49 28.23
Slide 14: Consolidated Statement of Assets & Liabilities
Consolidated Statement of Assets & Liabilities PARTICULARS (INR Cr) FY23 FY22 FY21 PARTICULARS (INR Cr) FY23 FY22 FY21 ASSETS EQUITY AND LIABILITIES Non-Current Asset 1,381.51 1,387.44 958.41 Equity 947.21 753.12 733.17 (a) Property, Plant and Equipment (a) Equity share capital 132.26 132.26 132.26
Slide 15: Standalone Statement of Profit or Loss
Standalone Statement of Profit or Loss PARTICULARS (INR Cr) Q1-FY24 Q4-FY23 FY23 FY22 INCOME Revenue from operations 90.13 141.63 381.05 130.51 Other income 10.33 9.07 27.91 16.80 Total revenue 100.46 150.70 408.96 147.31 EXPENSES Expenses from producing oil and gas blocks 73.07 39.88 169.52 22.25 R
Slide 16: Standalone Statement of Assets & Liabilities
Standalone Statement of Assets & Liabilities PARTICULARS (INR Cr) FY23 FY22 FY21 PARTICULARS (INR Cr) FY23 FY22 FY21 EQUITY AND LIABILITIES ASSETS Non-Current Asset 960.74 990.03 704.41 Equity 929.66 765.97 730.18 (a) Property, Plant and Equipment (i) Oil & gas assets 781.39 275.86 288.59 (a) Equity
Slide 17: Capital Market Data
Capital Market Data 1 Year share price movement (As on 30th June 2023) Marquee Investors % Holding 30% 20% Housing Development Finance 6.39% 10% Corporation Ltd (HDFC) 0% -10% -20% Kotak Small Cap Fund 1.26% -30% -40% -50% Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23
Slide 18: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 19: Thank You
THANK YOU 19
Hindustan Oil Exploration Company — Q1 FY2023-24 Earnings Presentation on 6ix