Hindustan Oil Exploration Co., Ltd. · NSE:HINDOILEXP
Hindustan Oil Exploration — Q3 FY23 Earnings Presentation
20 slides from Hindustan Oil Exploration's earnings presentation, Feb 14, 2023
Slide 1: Cover letter to stock exchanges: 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 14, 2023 By Online The Listing Departme
Slide 2: Earnings Presentation Q3/9M-FY23
Hindustan Oil Exploration Company Limited EARNINGS PRESENTATION | Q3/9M-FY23 FEBRUARY 2023
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 Operational Highlights
Q3/9M-FY23 Operational Highlights 4
Slide 6: Q3-FY23 Operational Highlights
Q3-FY23 Operational Highlights Gross Production (BOEPD) Gross Production (BOEPD) Net Production (BOEPD) Dirok : 7,042 B-80 : 1,824 Q3 FY23: 9,583 Q3 FY23: 3,287 Kharsang : 439 Q2 FY23: 8,374 Q2 FY23: 2,476 PY-1 : 151 Cambay : 124 Dirok • Q3 average production: Gas: 33 mmscfd & Condensate: 613 boepd
Slide 7: B-80 Operations Update
B-80 Operations Update • Both oil (D1) and gas (D2) wells are brought now on continuous production mode • Oil well D1 was brought on production after arresting a leak in the SSSV line through a successful pumping of sealant in December 2022 • Produced oil is being transferred and stored at the Float
Slide 8: B-80: Key Milestones
B-80: Key Milestones • FDP Approved Dec 2017 • Drilling & completion – 2 subsea development wells April 2020 KGB- Offshore Installation at B-80 Site • Offshore Installation(OI) for collecting, separating and processing March 2021 well fluids • Hot-Tap of existing ONGC WO-16 Pipeline; Subsea producti
Slide 9: Dirok: Production & Phase-II development
Dirok: Production & Phase-II development Field Layout 33 mmscfd 613 bopd > 15% Gas Production Condensate Production Assam Gas (Q3-FY23) (Q3-FY23) Production • Premium sales during Q3 FY 2022-23 constitute about 36% of total Dirok sales • Central PSU Indradhanush Gas Grid Limited (IGGL) is expected t
Slide 10: PY-1: Enhancing Production and Offtake Arrangements
PY-1: Enhancing Production and Offtake Arrangements USD 3.67 55 mmscfd 56 km Realised Price per Processing Sub sea MMBTU Capacity pipeline Cauvery • Production Sharing Contract (PSC) for PY-1 block was extended by GOI for a further period of 10 years effective from October 6, 2022. The addendum to t
Slide 11: Kharsang: Phase I Development Plan
Kharsang: Phase I Development Plan 439 boepd 18 Oil Production 30% Number of Direct + Indirect PI Wells to be drilled in near (Q3-FY23) future Field Overview • HOEC acquired entire share capital of M/s Geopetrol International Inc in 2018 which has 30% stake - Direct and Indirect in Kharsang Oil fiel
Slide 12: Cambay: Developments
Cambay: Developments 64 boepd 0.347 mmscfd Asjol, North Oil Production Total Gas Production Balol and Palej Cambay Cambay (Q3-FY23) (Q3-FY23) 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 13: Q3/9M-FY23 Financial Highlights
Q3/9M-FY23 Financial Highlights 12
Slide 14: Standalone Statement of Profit or Loss
Standalone Statement of Profit or Loss PARTICULARS (INR Cr) Q3-FY23 Q2-FY23 FY22 FY21 INCOME Revenue from operations 101.34 75.84 130.51 99.44 Other income 5.03 5.85 16.80 11.82 Total revenue 106.37 81.69 147.31 111.26 EXPENSES Expenses from producing oil and gas blocks 60.34 47.21 22.25 22.96 Royal
Slide 15: Standalone Statement of Assets & Liabilities
Standalone Statement of Assets & Liabilities PARTICULARS (INR Cr) H1-FY23 FY22 FY21 PARTICULARS (INR Cr) H1-FY23 FY22 FY21 EQUITY AND LIABILITIES ASSETS Non-Current Asset 963.23 968.36 704.41 Equity 806.72 765.97 730.18 (a) Property, Plant and Equipment (a) Equity share capital 132.26 132.26 132.26
Slide 16: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss PARTICULARS (INR Cr) Q3-FY23 Q2-FY23 FY22 FY21 INCOME Revenue from operations 169.83 124.58 155.73 113.86 Other income 1.73 1.21 11.46 11.32 Total revenue 171.56 125.79 167.19 125.18 EXPENSES Expenses from producing oil and gas blocks 61.82 48.71 28.23 29.54
Slide 17: Consolidated Statement of Assets & Liabilities
Consolidated Statement of Assets & Liabilities PARTICULARS (INR Cr) H1-FY23 FY22 FY21 PARTICULARS (INR Cr) H1-FY23 FY22 FY21 EQUITY AND LIABILITIES ASSETS Non-Current Asset 1,393.14 1360.34 958.41 Equity 803.16 753.12 733.17 (a) Property, Plant and Equipment (a) Equity share capital 132.26 132.26 13
Slide 18: Capital Market Data
Capital Market Data Price Data (As on 31st December 2022) 30.00% 20.00% MP (INR) 137.40 10.00% 0.00% 52 Week H/L (INR) 245.15/125.70 -10.00% -20.00% Avg. Net Turnover (INR Mn) 178.59 -30.00% Market Cap (INR Mn) 18,170.23 -40.00% Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 N
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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