Vedanta Oil and Gas Limited · NSE:VOGL
Vedanta Oil and Gas — Investor Presentation (May 2026)
26 slides from Vedanta Oil and Gas's investor presentation, May 21, 2026
Slide 1: Vedanta Oil & Gas: Fueling India's Growth
Vedanta Oil & Gas Fueling India’s Growth
Slide 2: Table of Contents
Table of Contents Value Proposition 01 Value Proposition 4 Industry Overview 02 Industry Overview 5 A Key Enabler in India’s Energy Security 03 A Key Enabler in India’s Energy Security 9 Growth Potential 04 Growth Potential 18 Financials 05 Financials 24 ESG 06 ESG 28 2
Slide 3: Vedanta Group Structure - Post Demerger
I Vedanta Group Structure - Post Demerger Listed Businesses Post Demerger Listed Entities Vedanta Inc Unlisted Entities 42.90% 42.90% 61.8%1 71.3% 35% 79.4% STL Networks Sterlite Vedanta Sterlite Electric Sterlite Grid 5 Serentica Konkola Copper Mines Ltd Tech (STL) Resources Ltd Ltd Ltd Renewables
Slide 4: Value Proposition
I Value Proposition Vedanta Oil & Gas India’s largest private sector producer of crude oil Strategically positioned to leverage government’s push to reduce import dependency Strong asset base with R&R base of 1,321 mmboe and resource potential of 2900 mmboe Leveraging cutting-edge technology to deve
Slide 5: Robust Energy Sector Outlook
Robust Energy Sector Outlook
Slide 6: Middle East Impacts on Oil Markets and Supply
I Middle East Impacts on Oil Markets and Supply Vedanta Oil & Gas What’s Driving the Risk? Why Supply Can’t Respond Quickly? While Asian Economies Rely Heavily on ME Oil Oil Flow Through Strait of Hormuz by Destination Country Pre-War Strait of Hormuz = critical chokepoint Limited rerouting capacity
Slide 7: Global Energy Sector Outlook
I Global Energy Sector Outlook Vedanta Oil & Gas Oil and Gas Will Remain Essential for Decades… …With Significant New Investments Required Energy Addition Rather Than Energy Transition Oil and Gas Supply World Energy Supply (EJ) Million Barrels of Oil Equivalents per Day 900 200 Renewables/ 150 Requ
Slide 8: Oil & Gas To Remain Key Energy Sources For India
I Oil & Gas To Remain Key Energy Sources For India Vedanta Oil & Gas Oil To Remain Key Energy Fuel1 India To Lead Global Consumption Growth2 Primary energy consumption by fuel (Exajoules) Total demand in India in India (mbpd) 100 Other Renewables 10 9.3 • India’s crude oil 80 Wind/Solar 9 demand is
Slide 9: Vedanta Oil & Gas a Key Enabler to India's Energy Security
Vedanta Oil & Gas a Key Enabler to India’s Energy Security
Slide 10: Vedanta Oil & Gas (Cairn India) at Acquisition
I Vedanta Oil & Gas (Cairn India) at Acquisition Vedanta Oil & Gas In 2010, Vedanta acquired a ~59% controlling stake in Cairn India for c.$8.7bn to diversify into hydrocarbons and secure long-life, high- margin cashflows anchored by Rajasthan oil assets Vedanta Acquired ~59% in Cairn 8x India, valu
Slide 11: Vision: Fuel for Change
I Vision: Vedanta Oil & Gas | Fuel for Change Vedanta Oil & Gas Contribute over 50% ➢ Assets, Acreage & R&R ➢ People of India’s Oil Production ➢ Technology Key ➢ Partners Enablers ➢ Safe & Sustainable Production 11
Slide 12: Blocks Across Basins with Mix of Onshore & Offshore
I Blocks Across Basins with Mix of Onshore & Offshore Vedanta Oil & Gas 44 Blocks 1 (4 PSC, 35 OALP, 4 DSF, 1 CBM) 2 Acreage of >47,000 sq.km Rich Resource Potential2 3 2.9 Bnboe High-Margin Production1 & EBITDA 4 (FY27) 100 kboepd | $476 Mn We aspire to contribute more than 50% of India’s oil produ
Slide 13: A Resilient Resource Base Driving Value
I A Resilient Resource Base Driving Value Vedanta Oil & Gas Proven R&R 1.3 Bnboe+ Platform Across Core and Emerging Basins Rajasthan (RJ-ON-90/1) Core engine 1,085 mmboe (82% of total R&R) Mangla (Base + ASP) 334 Satellite – RJS 152 Rajasthan Mangla BH (Tight Oil) 144 Bhagyam (Base + ASP) 114 CBM No
Slide 14: Focus on Increasing Production Volume – Near term
I Focus on Increasing Production Volume – Near term Vedanta Oil & Gas Existing Assets Key Growth Initiatives ASP Exploration ASP injection in Drill out key Initiatives Undertaken select pads of prospects in Production (kboepd) Mangala. Evaluating North-East, Technology driven full field execution Ra
Slide 15: Technology Deployment Leading to Higher Production Growth
I Technology deployment Leading to Higher Production Growth Vedanta Oil & Gas Proven Track Record EOR Polymer and ASP New Novel Techniques: Conductor Supported Platform Oil Saturation Display at Pore Level Reduction in Trapped Oil Original oil Sand Grain Remaining oil Water After After ASP Initial W
Slide 16: Growth Potential
0 iG vedanta oil & gas Growth Potent =
Slide 17: Growth - Focus on Augmenting R&R
I Growth - Focus on Augmenting R&R Vedanta Oil & Gas Existing Assets Key Growth Initiatives ASP Exploration ASP injection in Drill out key Initiatives Undertaken select pads of prospects in Production (kboepd) Mangala. Evaluating North-East, Technology driven full field execution Rajasthan, decline
Slide 18: Unlocking Value with Exploration
I Unlocking Value with Exploration Vedanta Oil & Gas 44 Blocks Drill out PR → Resources >47,000 sq. km Location Key Projects Status Rajasthan • Exploration Result: FY 27 Deep Gas Rajasthan 600 mmboe (300 mmboe) 300 mmboe Western Onshore • Seismic Modelling in Progress Jaya, Greater Jaya (300 mmboe)
Slide 19: Production Growth Plan
I Vedanta Oil & Gas Production Growth Plan Vedanta Oil & Gas Significant production growth potential Production Growth (kboepd) Metrics Key Priorities 200.0 FY2027 FY2028 FY2029 Decline Management 1. Arrest decline to <12% per year R&R R&R R&R 150.0 2. Unlock incremental low-cost production Explorat
Slide 20: Technology Deployed - 3D CSEM: Deepwater Exploration Survey
I Technology Deployed -3D CSEM: Deepwater Exploration survey Vedanta Oil & Gas Vessel: Atlantic Guardian Through high-tech innovation and strategic partnerships ▪ 3D Controlled Source Electromagnetics (CSEM) survey being acquired for first time in India ▪ Measures resistivity (hi% gas has high resis
Slide 21: Financials
2 £ o) A G £ in vedanta
Slide 22: Robust Earnings Growth
I Robust Earnings Growth Vedanta Oil & Gas Overall EBITDA (Mn$) 939 961 656 557 - Actuals 492 - Estimates FY25 FY26 FY27e FY28e FY29e Brent $/bbl 79 70 85 75 75 Production kboepd 105 88 100 134 150 Cost $/boe 16.0 16.1 16.5 14.0 13.5 22
Slide 23: ESG
vedanta oil & gas |
Slide 24: Performance Highlights
I Performance Highlights Vedanta Oil & Gas Transforming the Planet Transforming Communities Transforming the Workplace 25% reduction 2.52 million 24% in absolute emission over last 5 year Lives positively impacted through CSR Gender Diversity in FY 2026 ~410,000 tCO2e interventions in FY 2026 Emissi
Slide 25: Key Takeaways
I Key Takeaways Vedanta Oil & Gas Strong Foundation. Clear Pathway. Creating Long Term Value Favorable Policy Production Growth to Increasing R&R to ~1.5 Consistent EBITDA Landscape ~150 kboepd mmboe growth in 3 years Policy reforms enhancing ~150 kboepd production target 44 blocks providing multi-
Slide 26: Forward Looking Statement
Forward Looking Statement The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward-looking