Oil India Limited Investor Presentation – January, 2019 1
• Company Overview TABLE OF • Strategic Strengths CONTENTS • Assets Overview • Operating & Financial Performance • Growth Strategy 2
Company Overview 3
Oil India Ltd.: An Introduction � 6 decades of presence in oil & gas sector Rich Heritage � Owns and operates a fully-automated cross country crude oil pipeline � Became a Public Sector Undertaking in 1981 Strong Parentage with � GoI ownership of 63.20% Govt. of India � Awarded ‘ Navratna ’ status in 2010 Table of � Presence across Oil & Gas Value Chain Integrated & fully � Integrated infrastructure and In-house expertise serviced Oil & Gas Co. Content � Domestic: 44 blocks; 22,647 sq. km Domestic and Global � International: 13 blocks; 44,675 sq. km Presence � Reserve Replacement Ratio (Dom) consistently > 100% Strong Reserve Base � 2P reserves (Dom): Oil - 78.67 MMT, Gas – 127.59 BCM � 2P reserves (Overseas): Oil-38.06 MMT, Gas-6.90 BCM Experienced � Senior management team with strong in-house technical Management Team expertise in Company ’ s core business Consistent Growth & � FY18 Revenue: Rs.12,141 crore, PAT: Rs. 2,668 crore Robust Balance Sheet � Total Equity : Rs.27,909 crore 4
Experienced Management Team Functional Directors Government Nominee Directors Utpal Bora � Experience in diverse fields S. Sudhir � IFS 1993 Chairman & MD of exploration management Jt. Sec. (IC), � Former Consul General of MoP&NG > 33 yrs experience of onshore and offshore fields India in Sydney Amar Nath � IAS 1994 Jt. Sec. (Expl), R S Borah � Experience at senior positions � Experience in diverse fields MoP&NG Director (Fin.) in various Govt. Depts . of financial management, > 33 yrs experience audit and strategic planning Independent Directors � Professor in IIM, Ahmedabad. Prof. (Dr.) Asha Biswajit Roy � Experience in diverse Kaul PhD in Stylistics from IIT, Director functions including Mktg., Kanpur. (HR&BD) Operations, Business Dev., Dr. Priyank � CA, Ph.D. in Mgmt., IFRS > 33 yrs experience HR Sharma from ACCA UK. Over 15 years of work experience. P K Sharma � Experience in the E&P Director (Ops.) industry in India and abroad S. Manoharan � Ex-IAS 1975 batch > 36 yrs experience � PG in Zoology, Defense Studies & Intnl. Dev. Studies (Univ. of Bradford, UK). Dr. P. � Experience in diverse fields Chandrasekaran of exploration management & Amina R. Khan � Bachelor of Science from Director (E&D) E&P business development Mumbai Univ. Associated with > 33 yrs experience process Health Industry since 1992. 5
Shareholding Pattern Corporate Bodies (Incl. OMCs), 11.23 Listed on BSE & NSE DII (Incl. LIC), GOI, 63.20 16.77 Number of shares Others, 4.28 113.49 crore FII, 4.52 Dividend FY18 Key shareholders % Shareholding Interim Rs.14/ Share, Final Rs.1/ Share Government of India 63.20 Life Insurance Corporation 9.31 Indian Oil Corporation Ltd. 4.71 Share price (52 Week High / Low) Rs.259 / Rs.170 Bharat Petroleum Corporation Ltd. 2.36 Hindustan Petroleum Corporation Ltd. 2.36 Life Insurance Corporation P&GS Fund 2.01 Market Capitalization: Rs. 19,849 crore CPSE ETF 1.83 ICICI Prudential Life Insurance Co. Ltd. 1.08 Note: As of 31 December, 2018 6
Oil India: Milestones and Track Record IPO – Raised Intl. Credit Rating: Acquisitions in Acquisition in Awarded 4 GAs Formed as a JV First time Rovuma Block in TYNGD and JSC under CGD with Burmah Oil Participation Rs.2,777 crore. Moody's : ‘ Baa2 ’ Company In NELP Listed in Stock Exch. Fitch : BBB(-) Mozambique Vankorneft in Russia network 2018 2014 2016 2017 1959 1981 1999 2009 2010 2013 Became wholly Awarded 10% OFS Raised 1st Awarded 9 blocks Raised Completes under 1 st round owned Govt. of Navratna by GoI offshore FCB offshore FCB fifty years India enterprise Status (Rs.3,145 crore) of OALP bidding of US$1 billion of US$ 500 mn. About 60 Years of Experience in the Oil & Gas Sector 7
Key Performance Highlights Awarded 9 blocks under first bidding round of OALP Increase in PAT by 72% to Rs.2,668 crore in FY 18 from Rs.1,549 crore in FY 17 Increase in crude oil production by 3.57% to 3.394 MMT in FY 18 Hydrocarbon discovery in KG basin, 1st HPHT well discovery Commissioning of wind energy project of 18.9 MW each in Gujarat and Madhya Pradesh Formed JV Company for Gas Grid infra-structure covering 1450 km of pipeline to connect eight North-Eastern States from Guwahati Awarded 4 Geographical areas under CGD bidding rounds Completed maiden Buy-back of shares Issued Bonus Shares in 1:2 ratio Reaffirmation of International credit ratings by Moody ’ s and Fitch at ‘ Baa2 ’ and ‘ BBB- ’ 8
Strategic Strengths 9
Integrated and Diversified Oil & Gas Player Non Conventional Exploration Production Transportation Downstream Energy � Domestic: 44 � Crude oil � Crude Oil � Refining and � Wind Energy marketing � 48 installations � 1,157 km � Capacity 174 active E&P blocks � 26% equity stake pipeline; Over 6 MW � 1,670 km � International: MMT capacity in NRL � Solar Power pipelines Presence in Russia, � Multi-product � 5% equity stake in � Natural gas � Capacity 14 US, Venezuela, IOCL � 660 km, 1.70 MW � 29 installations Mozambique, � Petrochemicals MMT capacity Gabon, Libya, � Shale Oil / Gas � 730 km pipelines pipeline Bangladesh, Nigeria � 10% equity stake � 20% stake in � Advanced and Israel � Overseas in BCPL Niobrara Liquid Recovery � 10% stake in 741 � City Gas � Discoveries: 4 Shale asset, techniques to Distribution km pipeline USA maximize discoveries during (Sudan) production � 4 GAs (Ambala/ FY18 � Natural Gas Kurukshetra, Kolhapur, Cachar - � 23% stake in Hailakandi- 192km DNPL in Karimganj District North-east and Kamrup- Kamrup Metro District) Fully serviced E&P Company with selective diversification in non-conventional energy 10
In-House Capabilities Vertically Integrated E&P Operations Infrastructure to Support E&P Activities One 2D (in house), Three ee 3D Seismic crew (one in 10 Logging Units house , 2 CH) Drilling 24 Work-over Rigs (12 18 Drilling Rigs Seismic API Wireline (2D and 3D) Logging in house, 12 CH) (11 in house, 7 CH) In-House Production and Storage Facilities Expertise Field Development 77 Production Transportation Installations Production 5,000 km O&G ~190k KL IOR / EOR Pipelines Crude Storage Field/Reservoir Management In-house Expertise and Integration across Oil & Gas Infrastructure 11
Technology Induction Deployment of wide array of IOR/ EOR to achieve maximum recovery of oil reserves Hydro-frac operations to produce tight sands Radial drilling technology to improve productivity ESPs to improve artificial lifting from wells Gravel pack completion for efficient production of unconsolidated sand reservoirs Use of advanced techniques to maintain production from ageing fields 12
Assets Overview 13
Domestic Assets Non Area Blocks Operated Total Operated (SQKM) Kherem 40% PML (Nom) 22 0 22 4826 PEL (Nom) 3 0 3 332 AAP-ON-94/1 44.1 % Kharsang 40% Pre-NELPJV 0 2 2 121 NELP 5 2 7 9445 DSF 0 1 1 16 MPA Nominated PML / PEL OALP 9 0 9 7907 Total 39 5 44 22647 � 40% AA-ONN-2010/3 RP Nominated PML � AA-ONHP-2017/10 � RJ-ONN-2004/2 100% � AA-ONHP-2017/12 WB-ONN-2005/4 RJ/ONHP/2017/8 25% � AA-ONHP-2017/13 � RJ/ONHP/2017/9 � � AA-ONHP-2017/16 � � KG-ONN-2004/1 100% AA-ONHP-2017/17 � AA-ONHP-2017/18 GK-OSN-2010/1 30% � AA-ONHP-2017/20 Nominated Acreage 40% � AA-ONN-2010/2 NELP I - IX � 85% MZ-ONN-2004/1 Pre NELP JVC Blocks DSF Blocks OALP Blocks � OIL as Operator 14
International Assets Libya Area 95/96 25% 6,629sq.km US Ghadames Basin Colorado 20% 60 sq.km Julesburg Basin Russia License 61 50% 4,991sq. km TAAS 10% 1,382sq. km Nigeria JSC Vankor 8% 1,869sq.km 17.5% 1,295sq.km OML 142 Israel Venezuela 25% 357 sq.km 203sq.km Block 32 Carabobo 1 North 3.5% 180sq.km Carabobo 1 Central Bangladesh 7,269sq.km SS-04 45% 7,026sq.km Gabon SS-09 50% 3,761sq.km Shakti Total No of Blocks: 13 Sudan 10% 741 km Total Area: 44,675 sq.km Pipeline Mozambique 4% 9,653sq.km Rovuma Area-1 Operator Non-Operator Area (Sq. km) OIL ’ s Participating Interest (%) International Footprints with Balanced Presence in Exploration Acreages & Producing Properties 15
Major Overseas Projects Project Carabobo, Venezuela Area 1 Rovuma, Mozambique � OIL & OVL acquired 10% stake in � Two blocks in Orinoco Heavy Oil Belt Jan. 2014 � ~ 30 billion barrels of Oil in place � Acquisition Cost for OIL - US$ � Production started from Dec 2012 1,007 mn. � 50-75 tcf recoverable resources � Cumulative Production of Extra Heavy Oil since inception:~19 Mn. � Resource size supports 50 MMTPA Bbl of LNG � Current production about 18000 � FID expected by 1 st Half of 2019 BOPD 16
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