Oil & Gas Development Co. Ltd. · PSX:OGDC
Oil & Gas Development — Investor Presentation (November 2024)
25 slides from Oil & Gas Development's investor presentation, Nov 15, 2024
Slide 1: Friday, November 15, 2024
Friday, November 15, 2024
Slide 2: Disclaimer: Prescient Statements
DISCLAIMER PRESCIENT STATEMENTS During the course of this presentation, we may make some statements which relate to future events and performance of the Company. These forward looking statements are subject to a variety of risks and force majeure, both general & specific, and ancillary factors that
Slide 3: Contents
CONTENTS 01. COMPANY PROFILE 02. EXPLORATION & PRODUCTION CYCLE 03. BUSINESS STRATEGY 04. INITIATIVES & CHALLENGES 05. HIGHLIGHTS 06. FINANCIAL INFORMATION 07. CSR 08. Q&A SESSION 3
Slide 4: Company Profile
COMPANY PROFILE SHAREHOLDING • National Oil and Gas Company 3.02% 3.25% of Pakistan 3.92% • Market leader: 4.79% • Exploration acreage • Oil and gas reserves • Production • Established in 1961 as a Public 85.02% Sector Corporation • Converted to a Public Limited Company in October 1997 GOP • Listed
Slide 5: Ownership and Associate Companies
OWNERSHIP AND ASSOCIATE COMPANIES The authorized capital of the Company is Rs 50 billion The issued, subscribed and paid up capital of the Company is Rs 43 billion GoP shareholding is inclusive of 10.05% share held by OEET 5
Slide 6: Milestones Achieved 2023-24
MILESTONES ACHIEVED 2023-24 JULY 2023 SEPTEMBER 2023 OCTOBER 2023 DECEMBER 2023 FEBRUARY 2024 • Production • Won 38th Corporate • • Gas discovery at Chak Gas condensate • Gas condensate enhancement at Nim Excellence Award 214-1 in district Rahim discovery at Dars discovery at Kharo-1 organized by MA
Slide 7: Exploration & Production Cycle
EXPLORATION & PRODUCTION CYCLE Business Model Petroleum Value Chain 7
Slide 8: Exploration & Production Cycle: Petroleum Value Chain
EXPLORATION & PRODUCTION CYCLE Petroleum Value Chain 8
Slide 9: Business Strategy
BUSINESS STRATEGY Management objectives and strategies aimed at improving corporate performance and shareholder value maximization EXPLORATION ALLIANCE POSSIBILITIES Maintain and accelerate Forming alliance with Exploring possibilities in exploration activities to JVs (Risk sharing, other energy rel
Slide 10: Initiatives: Production Enhancement
INITIATIVES PRODUCTION 01 02 PRODUCTION ENHANCEMENT KHEWARI DEVELOPMENT OTHER INTERVENTIONS PROJECT • Compression Projects • Production Commencement 04 • Fast track strategy for completion of Exploratory Wells & 07 Khewari Development Project Development Wells • Accelerating processes for the first
Slide 11: Initiatives: Business Diversification
INITIATIVES BUSINESS DIVERSIFICATION ABU DHABI OFFSHORE REKO DIQ MINING GEOTHERMAL GREEN INITIATIVES BLOCK-5 PROJECT ENERGY PROJECT In its strive to venture into Planned exploration and Project feasibility is Pursuant to a MOU signed renewable energy, the evaluation activities are in progress and is
Slide 12: Challenges
CHALLENGES Security Forced Environment Curtailment of Gas Balochistan and Circular Debt Khyber Pakhtunkhwa Forced Curtailment of Gas PPRA Rules Mounting Receivables by SNGPL and Uch E&P Industry Specific due to Circular Debt Power Limited Policy Formulated and Issue awaiting approval of Ministry 12
Slide 13: Highlights – 2023-24
HIGHLIGHTS – 2023-24 1 2 3 Discoveries Net Profit Award 5 Oil and Gas Discoveries Rs. 208 Billion Tax Excellence Award received from the Honorable Prime Minister of Pakistan 4 5 6 7 Award Award Award Award Won 38th Corporate 13th Fire Safety Award 20th Annual Environment Won 4 prestigious CSR organi
Slide 14: Operational Highlights: Exploration Portfolio
OPERATIONAL HIGHLIGHTS Exploration - Portfolio OGDCL holds exploration acreage of 99,283.64 Km2 As on Jun 30, 2024 100% Owned Operated JVs NJVs Total Exploration Licenses 22 32 13 67 Development & 34 44 33 111 Production Leases In addition to above, 06 operated & 04 non-operated blocks have been awa
Slide 15: Operational Indicators: Seismic Industry Comparison
OPERATIONAL INDICATORS Seismic - Industry Comparison 2 D - Seismic 9,000 100% 8,000 7,000 80% 6,000 Line Kms 5,000 60% 4,000 40% 3,000 2,000 20% 1,000 - 0% FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 OGDCL 5,430 5,336 4,034 2,073 1,324 3,407 2,539 2,003 1,804 1,23
Slide 16: Operational Highlights: Wells Industry Comparison
OPERATIONAL HIGHLIGHTS Wells - Industry Comparison WELLS 120 50% 45% 100 40% 35% Number 80 30% 60 25% 20% 40 15% 20 10% 5% - 0% FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 OGDCL 25 26 22 20 16 25 20 13 10 13 Other Companies 59 61 25 60 89 33 30 43 37 47 Industry T
Slide 17: Operational Highlights: Oil Production Industry Comparison
OPERATIONAL HIGHLIGHTS Production - Industry Comparison OGDCL Net Oil Production (BBL/D) 36,892 36,073 35,292 33,495 33,117 32,478 2019-20 2020-21 2021-22 2022-23 2023-24 2023-24 (Without Forced Curtailment) Market Share – Gross Production (Source: PPIS) Industry 76,747 75,530 73,441 69,514 70,524 O
Slide 18: Operational Highlights: Gas Production Industry Comparison
OPERATIONAL HIGHLIGHTS Production - Industry Comparison OGDCL Net Gas Production (MMSCF/D) 893 870 825 771 764 717 2019-20 2020-21 2021-22 2022-23 2023-24 2023-24 (Without Forced Curtailment) Market Share – Gross Production (Source: PPIS) Industry 3,598 3,505 3,390 3,259 3,116 OGDCL Share 29% 29% 29
Slide 19: Operational Highlights: LPG Production Industry Comparison
OPERATIONAL HIGHLIGHTS Production - Industry Comparison OGDCL Net LPG Production (MT/D) 807 803 739 736 720 717 2019-20 2020-21 2021-22 2022-23 2023-24 2023-24 (Without Forced Curtailment) Market Share – Gross Production (Source: PPIS) Industry 2,080 2,088 2,143 2,000 2,013 OGDCL Share 34% 37% 37% 3
Slide 20: Market Leadership – Reserves
MARKET LEADERSHIP – Reserves OIL RESERVES Total Country 243 MMBBL OGDCL’s Share 124 MMBBL Others 49% OGDCL Other E&P Companies Share 119 MMBBL 51% GAS RESERVES OGDCL 32% Total Country Gas Reserves 18,472 BCF OGDCL’s Share 5,887 BCF Other E&P Companies 12,585 BCF Others 68% As of June 30, 2024 Source
Slide 21: Financial Information: Profitability Over a Decade
FINANCIAL INFORMATION Profitability Over a Decade Rs in billion 350.00 70% 300.00 60% 250.00 50% 200.00 40% 150.00 30% 100.00 20% 50.00 10% - 0% FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Revenue 210.63 162.87 171.83 205.34 261.48 232.93 239.10 335.46 413.59 463.
Slide 22: Financial Information: OGDCL Value
FINANCIAL INFORMATION OGDCL Value 1,200 900 800 1,000 700 800 600 Rs " Billion" Rs. "Billion" 500 600 400 400 300 200 200 100 - - FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Total Receivables 215 211 220 270 356 402 481 597 761 766 Market Capitalisation 771 594 60
Slide 23: CSR Performance Highlights
CSR PERFORMANCE HIGHLIGHTS Flood Relief activities across the country Launched Ration Drive 2023 & 2024; food hamper to 15,000 families Distributed 100 ambulances across the country Established 35 eye camps in 2023 through Al-Shifa eye trust Established hepatitis C Camps through AKUH acros
Slide 24: CSR Performance Highlights
CSR PERFORMANCE HIGHLIGHTS Skill Development of 313 Youths at NAVTTC OGDCL CSR Internship program (300 interns each year) 460 electric sewing machines distributed in district Kharan ,Jhal Magsi to empower women. Community Midwifery Training Program for 30 Women, Dera Bugti Vocational Train
Slide 25: Thank You… Q & A Session
THANK YOU… Q & A SESSION ADDRESS PHONE INVESTOR RELATIONS Head Office OGDCL House, Plot No.3, Jinnah +92 51 9209811-8 Avenue, Blue Area, Islamabad, +92 51 2623113-117 WASIM AHMAD Pakistan. Tel: +92-51-920024071 +92-51-2623135 WEBSITE EMAIL investor.relations@ogdcl.com www.ogdcl.com info@ogdcl.com wa
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