11

22

ONGC: Future Plan

& Business Opportunities

33

Presentation OverviewPresentation Overview

I. Glimpses of India.

II. ONGC: Function & infrastructure

III. ONGC : Focus on Future

IV. Collaboration

V. Capital Investment

VI. 10th Plan (2002-07) CAPEX Plan

VII. 11th Plan (2007-12) CAPEX Plan

VIII. Mode of Co-operation

44

Glimpses of India

55

Glimpses of India• India is the Largest Democracy in the World

With a Strong & Stable Democratic Governance through 60 years of Independence.• 7th Largest Country in the World

With a total Geographical Area of 3.29 MM sq km.

• Second most Populous Nation1.05 Billion strong, having the largest pool of qualified & skilled manpower.

• One of the most Ancient and Living Civilizations Dates back to more than 5, 000 years.

66

Glimpses of India

• Parliamentary System of Government With a Bicameral Parliament & three branches:

The Executive, Legislative and Judiciary.

• Well Developed Independent Judiciary System

The Supreme Court : Apex Judicial Authority.

High Courts in every State & Lower Courts at Town levels.Existence of Arbitration Mechanisms outside the Courts. • Languages

English is the most important language for National, Political &

Commercial communication; Hindi is the National Language.

77

• Key Advantages of Doing Business with India

• Well Developed - R&D, Infrastructure, Technical & Marketing services.• Wide Commercial Banking Network.• Conducive Foreign Investment policy.• Free Repatriation of Profits & Capital Investment. • Special investments and tax incentives given for exports and certain sectors such as power, electronics, telecom, software, Oil & Gas and R & D activities.• Current account convertibility, capital account convertibility for foreign investors.

Glimpses of India Cont…

88

ONGC:Function & Infrastructure

99

ONGCONGC today, today,has evolved intohas evolved into

an integrated Oil & Gas Corporatean integrated Oil & Gas Corporate

… … a reliable energy solution provider a reliable energy solution provider for the countryfor the country

with interests in with interests in

E&P, Refining, LNG, Power, E&P, Refining, LNG, Power,

Petrochemicals & New Petrochemicals & New

sources of energy.sources of energy.

In-house capability in all In-house capability in all aspects of the E&P aspects of the E&P business business

Seismic API, Drilling, Work-over and Well Seismic API, Drilling, Work-over and Well Stimulation, Production, Processing, Stimulation, Production, Processing, Engineering & Construction, Refining Engineering & Construction, Refining

and Marketing.and Marketing.

1010

ONGC: Strategic EvolutionONGC: Strategic Evolution

(71.6%)

Dahej SEZ Ltd.

(100%) (50%)

(50%)

Overseas E&P Services

(100%)

ONGC Petro-additions Ltd. (OPaL)

Mangalore SEZ Ltd.

Refineries Value-chain Power

(50.0%)(12.5%)

(23%)

(21.5%)

ONGC Bonny Brahmaputra Ltd. (OBBL)

MangalorePetrochemicals Ltd.

(26.0%)

(46.0%)

ONGC Narmada Ltd. (OBBL)

(23.0%)

(23.0%)

1111

ONGC produces : ONGC produces : 1 million barrels per day1 million barrels per day of of

OilOil plus plus Oil-equivalent GasOil-equivalent Gas,,

from recoverable reserve of from recoverable reserve of 1.1 Billion MT1.1 Billion MT,,

selling selling CrudeCrude, , GasGas and and ProductsProducts

with a turnover of with a turnover of US $11.1 billionUS $11.1 billion in in 2005-062005-06..

ONGC TodayONGC Today

1212

ONGC discovered ONGC discovered

6 out of the 7 producing Basins of India6 out of the 7 producing Basins of India

1958: Cambay Basin

1967: Rajasthan Basin

1889: Assam Shelf *

1974: Mumbai Offshore

1980: KG Basin

1973: A&AA FB

1985: Cauvery Basin

* By AR & T Co. - Assam Railways and Trading Company Ltd.

Historical PerspctiveHistorical Perspctive

1313

Historical Perspective Historical Perspective

330330 Discoveries/ FindsDiscoveries/ Finds

Onshore: 212Onshore: 212

Offshore: 118Offshore: 118

DiscoveredDiscovered6.41 Billion MT of 6.41 Billion MT of

O+OEGO+OEGin Indian Basinsin Indian Basins

ProducedProduced

1.145 Billion MT 1.145 Billion MT O+OEGO+OEG::

Oil (0.726) & Gas Oil (0.726) & Gas (0.419)(0.419)

1956 – 2006

AccretedAccreted

ultimate reserves of ultimate reserves of

2.26 Billion MT of 2.26 Billion MT of O+OEGO+OEG

1414

Among all Indian Companies,Among all Indian Companies,

our net worth of our net worth of US $12.043 billionUS $12.043 billion,,

market capitalization of market capitalization of US $42.109 billion*US $42.109 billion*,,

and net profit of and net profit of US $3.25 billionUS $3.25 billion

are the highest.are the highest.

ONGC TodayONGC Today

* As of 02.01.2007

1515Paid-up Share Capital : US $480.65 million

Govt., 74.14

FIIs, 9.11

PSUs, 10.47

Public, 1.80

Mutual Funds, 1.15

Indian Fis, 2.95

Others, 0.38

ONGC a State EnterpriseONGC a State Enterprise

As on 31.12.2006

1616

ONGC has state-of-the-art and globally comparable exploration facilities in place.

FacilityFacility CapabilitiesCapabilitiesDRILLINGDRILLING 98 drilling rigs (79 owned + 19 C/H)98 drilling rigs (79 owned + 19 C/H)

Onshore – 70 rigs (70 owned)Onshore – 70 rigs (70 owned)Offshore – 28 rigs (9 owned + 19 C/H)Offshore – 28 rigs (9 owned + 19 C/H)

WORK OVERWORK OVER 66 work over rigs (57 owned + 9 C/H)66 work over rigs (57 owned + 9 C/H) Onshore – 64 rigs (55 owned + 9 C/H)Onshore – 64 rigs (55 owned + 9 C/H) Offshore – 2 rigsOffshore – 2 rigs

WELL WELL STIMULATIONSTIMULATION

112 well stimulation units112 well stimulation units Onshore – 108 unitsOnshore – 108 units Offshore – 4 stimulation vesselsOffshore – 4 stimulation vessels

SEISMIC UNITSSEISMIC UNITS 25 Seismic crew (+ 1 Off-shore Vessel + 3 VSP)25 Seismic crew (+ 1 Off-shore Vessel + 3 VSP)

VIRTUAL VIRTUAL REALITYREALITY CENTRESCENTRES

Five – Mumbai (2), Dehradun (1), Vadodara (1), Five – Mumbai (2), Dehradun (1), Vadodara (1), Chennai (1)Chennai (1)

REGIONAL REGIONAL COMPUTER COMPUTER CENTRESCENTRES

Five – Mumbai, Vadodara, Chennai, Jorhat, Five – Mumbai, Vadodara, Chennai, Jorhat, KolkataKolkata

ONGC: InfrastructureONGC: Infrastructure

1717

Onland:Production Installations : 225 Pipelines (Kms.) : 7,900Engineering Workshops : 2

Offshore:Well Platforms : 131Process Platforms : 28Well cum Process Platforms : 5Offshore Supply Vessel : 59 (31+28)Multi-purpose Support Vessel : 3 (2+1)Pipelines (Km.) : 3,300

Production InstallationsProduction Installations

ONGC: InfrastructureONGC: Infrastructure

1818

Hazira, GujaratHandling Capacity: 41 MMSCMDProducts : Gas, LPG, Naphtha, SKO, HSD, ATF

Handling Capacity: 20 MMT Oil & 16 MMSCMD GasProducts :Oil, Gas, LPG, Naphtha,C2-C3

Uran, Maharashtra

LPG- Liquefied Petroleum GasSKO- Superior Kerosene OilC2-C3- Ethane- PropaneHSD- High Speed DieselLSHS- Low Sulphur Heavy StockATF- Aviation Turbine Fuel

MMTPA- Million Tonnes Per AnnumMMSCMD-Million Standard Cubic Meter per day

Ankleshwar and Gandhar, Gujarat Handling Capacity: 0.1 MMTPA Oil & 1 MMSCMD GasProducts : LPG, Naphtha

Processing FacilitiesProcessing Facilities

ONGC: InfrastructureONGC: Infrastructure

Tatipaka Mini-Refinery, Gujarat Handling Capacity: 0.1 MMTPA OilProducts : Naphtha, SKO, HSD, LSHS

1919

KDMIPE IRS

IPSHEM

IOGPT GEOPIC

ONGC Academy

IDT IEOT

INBIGS

COINCOIN

SMP

Centre for Excellence for Well Logging Technology in 2006

1962

1987

1978 1978 1983

1984

198919891982 2004

ONGC: InstitutesONGC: Institutes

2020

Keshava Dev Malviya Institute of Petroleum Exploration, Dehradun

Basin modelingHydrocarbon Resource AppraisalProspect generationGeological & Geo-chemical Research

Geodata Processing & Interpretation Centre, DehradunSeismic Data Processing & InterpretationSeismic Software Development

Institute of Reservoir Studies, AhmedabadOil & Gas Field Development PlanningEnhanced Oil Recovery (EOR) StudiesImproved Oil Recovery (IOR) Studies

ONGC: InstitutesONGC: Institutes

Institute of Drilling Technology, (Dehradun)Drilling TechnologyDrilling Fluid EngineeringCementation EngineeringWell Control School

2121

Institute of Oil & Gas Production Technology, MumbaiProduction EngineeringFacility EngineeringWell Analysis

Institute of Engineering & Ocean Technology, MumbaiGeotechnical EngineeringStructural EngineeringMaterial & Corrosion Engineering

ONGC: InstitutesONGC: Institutes

Institute of Biotechnology and Geo-tectonics Studies, Jorhat, Assam• Geo-microbial Hydrocarbon prospecting

Institute of Safety Health & Environment Management, GoaSafety Audit, Inspection & TrainingOccupational HealthEnvironment Audit Disaster ManagementSurvival at Sea Training

2222

ONGC Academy (Dehradun)Induction TrainingManagement DevelopmentTechnology ProgramsCustomized Functional Training

ONGC: InstitutesONGC: Institutes

School of Maintenance Practices (Vadodara)•Certified training courses of Oil Field Equipment maintenance

Centre for Excellence for Well Logging Technology (Vadodara)

•Technology hub for Logging services

Regional Training Institutes (RTI)•Training institutes for staff

2323

Seismic Survey 17,000 GLK (2D) and 21,000 SKM Seismic Survey 17,000 GLK (2D) and 21,000 SKM (3D)(3D)

Drilling 325 wells per yearDrilling 325 wells per year

Process 60 MMmProcess 60 MMm33 of liquid production to separate of liquid production to separate 26 MMT (195 million bbl) of oil and 23 BCM of Gas 26 MMT (195 million bbl) of oil and 23 BCM of Gas per year.per year.

Sweeten more than 11 BCM of sour gas every Sweeten more than 11 BCM of sour gas every year. year.

Extract about 3,500 KT of VAP every year.Extract about 3,500 KT of VAP every year.

E&P ActivitiesE&P Activities

2424

ONGC’s current holdingONGC’s current holding

PEL Blocks : 112PEL Blocks : 112

NELP blocks : 46NELP blocks : 46

ML Blocks : 265ML Blocks : 265

CBM Blocks : 9CBM Blocks : 9

with 601076 sq. KM of lease area.with 601076 sq. KM of lease area.

E & P ActivitiesE & P Activities

2525

Domestic Crude Oil Production (2005-06)

Domestic Natural Gas Production (2005-06)

ONGC accounts for more than 80% of domestic oil & gas production

OIL

10.0%

Pvt./J V

8.5%

ONGC

81.5%

OIL

7.0%

Pvt./J V

13.8%

ONGC

79.2%

Includes ONGC’s share of production from production-sharing contracts

2626

ONGC: TodayAwards & accolades

2727

Awards & AccoladesAwards & Accolades

among Global E&P companies

#1

#20among Global Energy Companies

September 6, 2006

Reliance- 30; IOCL- 41; NTPC- 90; BPCL- 110; HPCL-122; GAIL-156;

2828

ONGC: Moody’s Credit RatingONGC: Moody’s Credit Rating

Indicative Foreign Currency debt rating: Indicative Foreign Currency debt rating: Baa1Baa1(Two notches higher than Sovereign Rating)(Two notches higher than Sovereign Rating)

Local Currency issuer rating: Local Currency issuer rating: A2A2(Six notches higher than Sovereign (Six notches higher than Sovereign Rating)Rating)

Outlook: Outlook: Stable Stable

Highest ever credit ratings assigned by Moody’s to any Indian Corporate.

Highest ever credit ratings assigned by Moody’s to any Indian Corporate.

RatingsRatings

2929

256th in Forbes Global 2000 list (Mar, 2006), Topper from India

402nd in Fortune Global 500 (July, 2006)

PFC Energy 50: 18th among top 50 publicly traded Global Oil & Gas Companies (Jan, 2006)

Awards & AccoladesAwards & Accolades

Financial Times Global 500: 158th among the world’s largest companies (June, 2006), topper from India

3030

Moitlal Oswal CNBC: Biggest Wealth Creator among Indian Companies (Nov, 2005)

ET 500: No.1 by Market Cap & Net Profit (Feb, 2006)

BT: Most Valuable Company in India (Nov, 2005)

No.1 in Business India’s Super 100 list (Nov, 2005)

Businessworld-IMRB survey (June, 2006): Most respected PSU

Awards & AccoladesAwards & Accolades

Best PSU: People’s Award for Excellence in Business & Economy 2006, by Planman Media (June 2006)

3131

Amity Corporate Excellence Award (Feb, 2006)

Golden Peacock Global Award 2005 for Corporate Social Responsibility (May, 2006)

Awards & AccoladesAwards & Accolades

Enterprise Excellence Award by Indian Institution of Industrial Engineers (May, 2006)

All India Public Sector Sports Promotion Board: the best sports promoter among all PSUs (24.06.2006).

National Award for Excellence in Cost Management (Dec 2005)

3232

ONGC : Focus on Future

3333

Focus on Future

Monetizing Assets Assetizing Money

Integration Clean Coal opportunities

• Stabilizing output from producing fields

• Bringing New & Marginal fields into production

• New facilities• Facility renewal• Value addition• New business• Acquisitions

• Power – Tripura Plant, Wind Power

• Refinery – MRPL Expansion• Petrochemicals – Dahej,

Mangalore• SEZ - Dahej, Mangalore,

• CBM: production from 2007• UCG: production from 2008• SCG: Collaboration with

Shell

3434

Development of New and Marginal fieldsDevelopment of New and Marginal fields

Total marginal fields : Total marginal fields : 153 153

Offshore : Offshore : 7474

Onshore : Onshore : 7979

Fields Fields Monetized : 39Monetized : 39

Offshore : Offshore : 22 Onshore : Onshore :

3737

Fields under process Fields under process of monetization of monetization : 90 : 90

Offshore : Offshore : 5555

Onshore : Onshore : 3535

Fields to be Fields to be monetized: 24monetized: 24

Offshore : Offshore : 17 17

Onshore Onshore :: 77

Focus on Future

3535

Marginal fields to monetize 169 MMt of O+OEG ( Marginal fields to monetize 169 MMt of O+OEG (

95 % of UR: 177 MMT)95 % of UR: 177 MMT)

At the end of XI plan, production of 75,000 bopd At the end of XI plan, production of 75,000 bopd

and 13 MMscmd gas expectedand 13 MMscmd gas expected

Development of New and Marginal fieldsDevelopment of New and Marginal fields

Focus on Future

3636

Focus on Future: E&P Business E&P Business

Deepwater & Frontier basin thrust areasDeepwater & Frontier basin thrust areas

Early monetization of new discoveriesEarly monetization of new discoveries

Technology solutions for improving Recovery Technology solutions for improving Recovery FactorFactor

Expeditious development of small & marginal Expeditious development of small & marginal fields fields

Refurbishment of surface facilitiesRefurbishment of surface facilities

Technology inductionTechnology induction

Domain ExpertsDomain Experts

3737

Technology InductionTechnology Induction

Seismic Acquisition, Processing & InterpretationSeismic Acquisition, Processing & Interpretation

Drilling & related servicesDrilling & related services

Logging, Well Stimulation, Well ControlLogging, Well Stimulation, Well Control

Info-com applicationsInfo-com applications

Facilities & LogisticsFacilities & Logistics

Focus on Future :Technology :Technology

3838

G&G TechnologyG&G Technology

Q-Marine, GXT, Sea bed loggingQ-Marine, GXT, Sea bed loggingSeismic Vessel - MV Sagar SamikshaSeismic Vessel - MV Sagar SamikshaMulti-component Seismic surveyMulti-component Seismic surveyEM Pulse source, Virtual DrillingEM Pulse source, Virtual DrillingRTOC ( Real time Operation Control), Air Borne RTOC ( Real time Operation Control), Air Borne Electromagnetic surveyElectromagnetic survey4C-4D Project4C-4D ProjectDigital oil field monitoringDigital oil field monitoringDigital GeophoneDigital GeophoneAccelerated Weight DropAccelerated Weight DropMTEM( Multi Transient Electro Magnetic)MTEM( Multi Transient Electro Magnetic)

Focus on Future :Technology :Technology

3939

Exploration Technology required forExploration Technology required for

Improving subsurface mapping through Improving subsurface mapping through quality seismicquality seismic Mapping below BasaltMapping below BasaltSubsurface mapping below thrust and highly Subsurface mapping below thrust and highly folded areafolded areaMapping of thin reservoirMapping of thin reservoirDrilling below thrust and tightly folded area Drilling below thrust and tightly folded area Knowledge Management Knowledge Management Deepwater exploration techniques Deepwater exploration techniques Reduction of Risk capital & improving Reduction of Risk capital & improving success Ratio through Direct Detection of success Ratio through Direct Detection of hydrocarbonhydrocarbon

Focus on FutureFocus on Future

4040

Domain Experts forDomain Experts for

Seismic interpretation process Seismic interpretation process validation validation

Basin modelingBasin modeling

Petroleum system analysisPetroleum system analysis

Advance reservoir characterizationAdvance reservoir characterization

Sequence stratigraphySequence stratigraphy

4141

Drilling Hi-Tech, Multilateral, ERD & Side Track Drilling Hi-Tech, Multilateral, ERD & Side Track wellswellsNon-damaging fluidNon-damaging fluidLow Toxicity Synthetic Oil Based Mud (LTSOBM)Low Toxicity Synthetic Oil Based Mud (LTSOBM)Hydraulic Stage CollarsHydraulic Stage CollarsRiser-less drillingRiser-less drillingExpandable casingExpandable casingMedium Radius Drain Hole (MRDH) Medium Radius Drain Hole (MRDH)

Drilling & Field ServicesDrilling & Field Services

TechnologyTechnology

4242

• FPSOFPSO• Intelligent well completions, segmented completionIntelligent well completions, segmented completion• Onshore control room for offshore operationsOnshore control room for offshore operations• Dispersible smart plugDispersible smart plug• New generation PWC-CFUNew generation PWC-CFU• Produced water re-injectionProduced water re-injection• Custody transfer meterCustody transfer meter• Intelligent platformIntelligent platform

ProductionProduction

Focus on Future :Technology :Technology

4343

Production Technology required forProduction Technology required for

Production from tight reservoirProduction from tight reservoirProduction from thin ReservoirProduction from thin ReservoirTechnology for water shut off & Sand cut packersTechnology for water shut off & Sand cut packersImproving Recovery factor (IOR/EOR Techniques)Improving Recovery factor (IOR/EOR Techniques)Production from multiple reservoirs in same areaProduction from multiple reservoirs in same areaBetter stimulation methodology & techniquesBetter stimulation methodology & techniquesDetection & Exploitation of bypassed oilDetection & Exploitation of bypassed oilExploitation from sub-pressure & sur-pressure Exploitation from sub-pressure & sur-pressure reservoirsreservoirsCost effective production of Natural Gas from Cost effective production of Natural Gas from super deep water super deep water Light platform to cut costs & improving return Light platform to cut costs & improving return specially from marginal fields. specially from marginal fields.

4444

MOPNG initiated a National Gas Hydrate Programme

ONGC, GAIL & OIL participating.

Programme envisages resource estimation through actual sampling.

Gas Hydrate

Under Ground Coal Gasification

This is a proven technology to harness energy from under ground coal seams.

ONGC is looking for the other state and Central PSU and a foreign backup to join hands with.

Coal Bed Methane

Exploration and production of CBMExploration and production of CBM

4545

Possible Area of Co-operationPossible Area of Co-operation

– Preferential Access to the latest technology Preferential Access to the latest technology expertiseexpertise

– Management process and practicesManagement process and practices– New Areas viz. CBM, UCG, Surface Coal New Areas viz. CBM, UCG, Surface Coal

GasificationGasification– Joint bidding for acreages abroadJoint bidding for acreages abroad– Refinery and PetrochemicalsRefinery and Petrochemicals

4646

CollaborationCollaboration

4747

Collaboration withCollaboration with

Ente Nazionale Idrocarburi (ENI), ItalyEnte Nazionale Idrocarburi (ENI), Italy

Deepwater E&P in IndiaDeepwater E&P in India

Third country opportunitiesThird country opportunities

Technical cooperationTechnical cooperation

Collaborations: E&PCollaborations: E&P

4848

Collaboration withCollaboration with

Norsk Hydro, NorwayNorsk Hydro, NorwayDeepwater E&P in IndiaDeepwater E&P in India

Third country opportunities (Cuba)Third country opportunities (Cuba)

Technical cooperation for thin oil Technical cooperation for thin oil recoveryrecovery

Collaborations: E&PCollaborations: E&P

4949

Collaboration withCollaboration with

Roxar Software Solutions, NorwayRoxar Software Solutions, NorwayGeosteering software for geological & Geosteering software for geological & drilling eventsdrilling events

Log forward modeling using High Log forward modeling using High resolution Logs based on 3D reservoir resolution Logs based on 3D reservoir modelsmodels

Collaborations: E&PCollaborations: E&P

5050

Other collaborations in E&POther collaborations in E&P

IPR Int. Ltd. IPR Int. Ltd.

Schlumberger Asia Services Ltd. Schlumberger Asia Services Ltd.

Baker Hughes Singapore Pte. Baker Hughes Singapore Pte.

Halliburton Offshore Services Inc Halliburton Offshore Services Inc

Collaborations: E&PCollaborations: E&P

5151

Collaboration withCollaboration with

SINTEF, NorwaySINTEF, NorwayCo-operation on Env. Mgmt, Safety, Co-operation on Env. Mgmt, Safety, Occupational Health etc.Occupational Health etc.

Collaborations: ServicesCollaborations: Services

5252

Capital Investment :Capital Investment :

5353

J VC7.2%Projects

35.0%

R&D0.9%

Dev. Drilling16.4%

Expl. Drilling20.9%

Survey13.1%

Downstream0.3%

E&P Acquisition6.1%

Capex analysis (2005-06)Capex analysis (2005-06)

99.7%99.7% on on E&PE&P

5454

10th Plan Capex10th Plan Capex

5555

Petroleum Sector in IndiaPetroleum Sector in India(US $ Million)(US $ Million)

Investment NELP (2000-06)Investment NELP (2000-06) 1451.181451.18

1010thth Plan Likely Investment Plan Likely Investment

E&P SectorE&P Sector ONGC : ONGC : 11581.9111581.91

OVL : OVL : 5483.375483.37

OIL : OIL : 1075.461075.46

1. E&P CAPEX in India1. E&P CAPEX in India 12657.3812657.38

2. Refinery & Marketing2. Refinery & Marketing 5921.805921.80

3. Petrochemicals3. Petrochemicals 1712.351712.35

4. Engineering4. Engineering 13.0313.03

Total 10Total 10thth Plan CAPEX Plan CAPEX 20304.4920304.49

5656

ONGC Plan outlay: 10ONGC Plan outlay: 10thth Plan Plan

ActivitiesActivities 1010thth Plan Plan

Seismic surveysSeismic surveys 14931493

Exploratory DrillingExploratory Drilling 24042404

Development DrillingDevelopment Drilling 20242024

CBMCBM

CapitalCapital 39843984

R&D/ InstitutesR&D/ Institutes 183183

PSC JVsPSC JVs 680680

Domestic acquisition/ IntegrationDomestic acquisition/ Integration 814814

TotalTotal 1158211582

(US$ Million)

5757

Contractual Expenditure in Last Three Contractual Expenditure in Last Three YearsYears

(US $ Million)(US $ Million)

Activities 05-06 04-05 03-04

Dlrg. 32.10 60.09 48.02

Logging 57.72 41.44 66.47

2D/3D Seismic 142.92 113.73 108.29

Offshore Supply Vessels

54.53 56.98 82.82

Data Acq.Program 79.94 0 0

Drlg. H&M-Lat. Wells 19.23 11.36 0

Route Survey 16.16 20.65 0

Others 200.57 200.07 101.23

Total 603.18 504.32 406.83

5858

Addition in Plant & Machinery in Last Three Addition in Plant & Machinery in Last Three YearsYears (US $ Million)(US $ Million)

MaterialsMaterials 05-0605-06 04-0504-05 03-0403-04

Dlrg. Rigs AccessoriesDlrg. Rigs Accessories 24.5524.55 19.9219.92 24.3824.38

Casing PipesCasing Pipes 61.3361.33 47.8647.86 52.2652.26

Prod. Equip.Prod. Equip. 9.629.62 6.246.24 28.4728.47

Prod. InstallationsProd. Installations 339.93339.93 102.94102.94 130.30130.30

Process PlatformsProcess Platforms 265.62265.62 28.5828.58 164.10164.10

Data Processing Data Processing Equip.Equip.

22.0222.02 16.6716.67 23.1923.19

Trunkline-Oil&GasTrunkline-Oil&Gas 484.86484.86 5.575.57 00

FlowlinesFlowlines 51.2951.29 55.8155.81 00

Other itemsOther items 52.8852.88 85.0985.09 19.1319.13

Total AdditionsTotal Additions 1312.091312.09 368.68368.68 441.83441.83

5959

Consumption of Stores in Last Three YearsConsumption of Stores in Last Three Years (US $ Million)(US $ Million)

ItemsItems 05-0605-06 04-0504-05 03-0403-04

Drill BitsDrill Bits 7.247.24 6.716.71 7.757.75

Chemicals Incl.MudChemicals Incl.Mud 33.2733.27 39.2339.23 35.2635.26

P.O.L.P.O.L. 143.06143.06 144.14144.14 137.39137.39

Tubing Pipes FittingTubing Pipes Fitting 14.7014.70 12.0012.00 11.5011.50

Other StoresOther Stores 62.1662.16 41.1341.13 33.9733.97

Total Total 260.43260.43 243.22243.22 225.88225.88

6060

Consumption of Spares in Last Three YearsConsumption of Spares in Last Three Years (US $ Million)(US $ Million)

EquipmentsEquipments 05-0605-06 04-0504-05 03-0403-04

Drilling EquipmentsDrilling Equipments 19.4219.42 16.0416.04 15.1815.18

Production Production EquipmentsEquipments

25.3325.33 31.6331.63 15.7215.72

Geophysical Geophysical EquipmentsEquipments

4.094.09 3.063.06 4.014.01

BOP ElevatorsBOP Elevators 6.846.84 4.884.88 6.246.24

Production PlatformsProduction Platforms 4.644.64 4.914.91 3.693.69

Other SparesOther Spares 11.6711.67 12.5612.56 10.7110.71

Total Total 72.0172.01 73.1073.10 55.5555.55

Total Stores & Total Stores & SparesSpares

332.44332.44 316.31316.31 281.42281.42

6161

Improving recovery factor Improving recovery factor

ProjectProject Project CostProject Cost(US$ Million)(US$ Million)

11 IOR-Neelam (11.1.01)IOR-Neelam (11.1.01) 7878

22 IOR-Heera Part-1 (11.1.01)IOR-Heera Part-1 (11.1.01) 6969

33 IOR-Gandhar (16.12.00)IOR-Gandhar (16.12.00) 156156

44 Sanand Polymer (14.8.00)Sanand Polymer (14.8.00) 6.86.8

55 EOR-Balol (26.10.95)EOR-Balol (26.10.95) 2727

66 EOR-Santhal (16.10.95)EOR-Santhal (16.10.95) 7575

77 IOR-Jotana (28.2.01)IOR-Jotana (28.2.01) 1212

88 IOR-Santhal (14.8.00)IOR-Santhal (14.8.00) 8.78.7

TotalTotal 432.5432.5

Completed Projects

6262

Sl. Sl. ProjectsProjects Revised Cost Revised Cost (US$ Million)(US$ Million)

11 MHN Redev.MHN Redev. 72872822 MHS Redev.MHS Redev. 1478147833 IOR-KalolIOR-Kalol 222244 IOR-North Kadi Ph-IIOR-North Kadi Ph-I 141455 IOR-SobhasanIOR-Sobhasan 161666 IOR-RudrasagarIOR-Rudrasagar 494977 IOR-GelekiIOR-Geleki 18818888 IOR-LakwaIOR-Lakwa 969699 IOR-North Kadi Ph-IIIOR-North Kadi Ph-II 77

1010 IOR-Heera Ph-IIIOR-Heera Ph-II 128128TotalTotal 27262726

IOR/ EOR Projects under implementation (US$ 2.7 Billion)

Improving recovery factorImproving recovery factor

25 IOR Projects identified in other medium fields25 IOR Projects identified in other medium fields

6363

11th Plan CAPEX11th Plan CAPEX 11th Plan CAPEX11th Plan CAPEX

6464

Indian Petroleum Sector :11Indian Petroleum Sector :11thth PLAN BREAK PLAN BREAK UPUP(US $ Million)(US $ Million)

Up StreamUp Stream 35766.5035766.50

RefiningRefining 18324.7018324.70

GasGas 2939.102939.10

MarketingMarketing 1366.291366.29

Crude Pipeline/TerminalCrude Pipeline/Terminal 950.56950.56

R&D (Incl. Up Stream)R&D (Incl. Up Stream) 318.65318.65

Other (Incl. RGIPT)Other (Incl. RGIPT) 794.60794.60

TotalTotal 60460.4060460.40

6565

ONGC:11th Plan CAPEXONGC:11th Plan CAPEX ONGC:11th Plan CAPEXONGC:11th Plan CAPEX

6666

Physical Programme

11th Plan

Proposals Firm

Upside

Seismic survey

2D (GLK) 54359 46664

3D (SKM) 76398 45904

DrillingExploratory (Nos.) 651

Development (Nos.) 1000Reserves

Initial Inplace (MMToe) 1000Ultimate (MMToe) 340

ProductionCrude Oil (MMT) 140.06

Natural Gas (BCM) 112.39VAP (KT) 16346

Gas sales (BCM) 82.912

1111thth Plan E & P Programme Plan E & P Programme

6767

ONGC Plan outlay: 11ONGC Plan outlay: 11thth Plan Plan

ActivitiesActivities 1111thth Plan* Plan*

Seismic surveysSeismic surveys 17041704

Exploratory DrillingExploratory Drilling 23812381

Development DrillingDevelopment Drilling 31893189

CBMCBM 667667

CapitalCapital 75347534

R&D/ InstitutesR&D/ Institutes 187187

PSC JVsPSC JVs 10741074

Domestic acquisition/ IntegrationDomestic acquisition/ Integration 941941

TotalTotal 1857718577

*Note: 11th Plan outlay is Proposed

(US$ Million)

6868

ProjectsProjectsApprox. Project Approx. Project

costcost (US$ Million)(US$ Million)

For Direct ProductionFor Direct Production

Marginal fieldsMarginal fields 27022702

G-1 & GS-15 DevelopmentG-1 & GS-15 Development 269269

East Coast Hub Development*East Coast Hub Development* 11701170

D-1 DevelopmentD-1 Development 108108

Vasai (East) DevelopmentVasai (East) Development 359359

Addl. Dev. Bassein fieldAddl. Dev. Bassein field 625625

Dev. of SB-11, Bassein Dev. of SB-11, Bassein 5252

Addl. Dev A-1 layer in MHNAddl. Dev A-1 layer in MHN 194194

For Producing FacilitiesFor Producing Facilities

Assam Renewal Plan*Assam Renewal Plan* 547547

Other Revamping ProjectsOther Revamping Projects 743743

TotalTotal 67696769

Major Projects: E&PMajor Projects: E&P

6969

XI Plan : Investment plan- Integration & Diversification

ProjectsProjects InvestmentInvestment

( US$ Million)( US$ Million)

PetrochemicalPetrochemical 266266Power PlantPower Plant 433433

Equity ParticipationEquity Participation 293293Retail marketingRetail marketing 5.55.5

TotalTotal 10101010

7070

Mode of Co-operationMode of Co-operation Mode of Co-operationMode of Co-operation

7171

Mode of Co-operationMode of Co-operation

Turnkey assignment Turnkey assignment

Work Association Work Association

Consultancy Consultancy

Empanelment as Domain Expert on Empanelment as Domain Expert on retainership basisretainership basis

Transfer of technologyTransfer of technology

Technological AlliancingTechnological Alliancing

Any other, based on the organizational Any other, based on the organizational need need

7272

Mode of SelectionMode of Selection

Alliances and MOU Alliances and MOU

Joint VentureJoint Venture

Production Sharing ContractProduction Sharing Contract

Outright PurchaseOutright Purchase

Farm in/Farm OutFarm in/Farm Out

7373

Process of SelectionProcess of Selection

Nomination basis (Proprietary Nomination basis (Proprietary items)items)

Limited Tender (inviting short-Limited Tender (inviting short-listed parties)listed parties)

Open TenderOpen Tender

7474

Thank Thank YouYou

7575

Courage to Explore, Knowledge to Exceed, Technology to Excel