Hindustan Oil Exploration Co., Ltd. · NSE:HINDOILEXP
Hindustan Oil Exploration — Q3 FY2024 Earnings Presentation
20 slides from Hindustan Oil Exploration's earnings presentation, Feb 13, 2024
Slide 1: Exchange filing cover letter for earnings presentation
Hindustan Oil Exploration Company Limited ‘Lakshmi Chambers’, 192, St. Mary’s Road, Alwarpet, Chennai - 600 018. INDIA. : 91 (044) 66229000 ● Fax: 91 (044) 66229011 / 66229012 E-mail: contact@hoec.com ● Website: www.hoec.com CIN: L11100GJ1996PLC029880 February 13, 2024 By Online The Listing Departme
Slide 2: Earnings Presentation Q3 FY 23-24
Hindustan Oil Exploration Company Limited EARNINGS PRESENTATION | Q3 FY 23-24 February 2024
Slide 3: 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 4: 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 5: Q3/9M FY23-24 Operational Highlights
Q3/9M FY23-24 Operational Highlights 4
Slide 6: Q3-FY23-24 Operational Highlights
Q3-FY23-24 Operational Highlights Gross Production (BOEPD) Net Production (BOEPD) Q3 FY 23-24: 7932 Q3 FY 23-24: 2948 Q2 FY 23-24: 6531 Q2 FY 23-24: 2179 Dirok • Q3 FY23-24 average production : Gas: 23.91 mmscfd & Condensate: ~ 419 bpd • Q2 FY23-24 average production : Gas: 23.11 mmscfd & Condensate
Slide 7: B-80 Operations Update
B-80 Operations Update • B-80 first crude offtake is completed on 30th Jan 2024 • Volume of sale is 4,30,692 Bbls • Price realized is $ 80.27/bbl which is Brent prize discounted by 0.06% • D2 well is in production during this quarter • Flushing of export line with chemical & hot water treatment done
Slide 8: Dirok: Production & Phase-II development
Dirok: Production & Phase-II development Layout 23.91 mmscfd 419 bopd > 15% Gas Production Condensate production Assam Gas (Q3-FY23) (Q3-FY23) Production • Field is having potential to produce up to 50 mmscfd without additional wells. • Central PSU Indradhanush Gas Grid Limited (IGGL) and GAIL UrjaG
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 Tamil Nadu • Unique, gas-bearing and the only
Slide 10: Kharsang: Phase I Development Plan
Kharsang: Phase I Development Plan 420 boepd Revised FDP & Oil Production 35% Appraisal in Direct + Indirect PI (Q3-FY23) progress Field Overview • After acquisition of 50% share capital in GeoEnpro, HOEC holds 35% participating interest in the Block as well as Operatorship through subsidiary • Khar
Slide 11: Cambay: Developments
Cambay: Developments 71 bopd 0.343 mmscfd Asjol, North Oil Production Total Gas Production Balol and Palej (Q3-FY23) (Q3-FY23) Marginal fields at Cambay Environmental clearance is expected shortly Approved FDP to be executed by 2024-25: Cambay • To drill 2 development wells in Asjol • To drill 2 dev
Slide 12: Exploration Update
Exploration Update Block- AA-ONHP-2017/19 • Reprocessing of 3D Seismic data is completed, and final data has been received • In-house studies of the reprocessed data is completed • Well failure analysis of the existing wells in the block has been completed. • Identification of prospective drilling l
Slide 13: Q3/9M FY23-24 Financial Highlights
Q3/9M FY23-24 Financial Highlights 12
Slide 14: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss PARTICULARS (INR Cr) Q3-FY24 YTD-FY24 FY23 FY22 INCOME Revenue from operations 179.08 459.52 558.92 155.73 Other income 9.51 15.68 8.80 11.46 Total revenue 188.59 475.20 567.72 167.19 EXPENSES Expenses from producing oil and gas blocks 80.46 208.40 176.49 28.
Slide 15: Consolidated Statement of Assets & Liabilities
Consolidated Statement of Assets & Liabilities PARTICULARS (INR Cr) H1-FY24 FY23 FY22 PARTICULARS (INR Cr) H1-FY24 FY23 FY22 ASSETS EQUITY AND LIABILITIES Non-Current Asset 1414.47 1,381.51 1,387.44 Equity 1090.05 947.21 753.12 (a) Property, Plant and Equipment (a) Equity share capital 132.26 132.26
Slide 16: Standalone Statement of Profit or Loss
Standalone Statement of Profit or Loss PARTICULARS (INR Cr) Q3-FY24 YTD-FY24 FY23 FY22 INCOME Revenue from operations 95.05 250.98 381.05 130.51 Other income 11.61 25.19 27.91 16.80 Total revenue 106.66 276.17 408.96 147.31 EXPENSES Expenses from producing oil and gas blocks 76.23 199.77 169.52 22.2
Slide 17: Standalone Statement of Assets & Liabilities
Standalone Statement of Assets & Liabilities PARTICULARS (INR Cr) H1-FY24 FY23 FY22 PARTICULARS (INR Cr) H1-FY24 FY23 FY22 EQUITY AND LIABILITIES ASSETS Non-Current Asset 951.64 960.74 990.03 Equity 989.74 929.66 765.97 (a) Property, Plant and Equipment (i) Oil & gas assets 767.88 781.39 275.86 (a)
Slide 18: Capital Market Data
Capital Market Data 1 Year share price movement (As on 31st December 2023) 90% 70% 50% 30% 10% -10% -30% -50% Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 HOEC S&P BSE OIL AND GAS Price Data (As on December 2023) MP (INR) 182.40 52 Week H/L (INR) 258.00/115.90
Slide 19: 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 20: Thank You
THANK YOU 19
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