Company report
| |
16 Pages

ONGC corporate report


ONGC corporate report

Report summary

ONGC has chosen to pursue growth despite the fall in oil prices, bucking the global trend of reduced investment. Domestically, EOR activity across the mature portfolio has continued and new deepwater projects are moving ahead, encouraged by Indian pricing reforms. Internationally, ONGC has led its Asian NOCs peers through a counter-cyclical approach to M&A, acquiring a 26% stake in Vankorneft (Russia).

The near-term outlook is now stronger, but falls short of corporate production targets. We expect more M&A, and calculate that ONGC has the capacity for US$7 billion of deals before gearing reaches 35%. Longer-term production targets are also ambitious and ONGC will struggle to achieve them through deal activity alone. The company will have to make some tough decisions on total spend and capital allocation between its domestic and international portfolios.


What's included?

This report includes 2 file(s)

  • ONGC corporate report PDF - 798.72 KB 16 Pages, 7 Tables, 20 Figures
  • ONGC Corporate Report.xls XLS - 3.18 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • SWOT Analysis
    • Executive Summary
  • Strategy
    • 1. Appraising domestic growth opportunities
    • 2. Ambitious international growth targets: further M&A activity is expected
    • 3. Exploration-led growth remains a priority
  • Valuation
  • Financial health
  • Resources, reserves and production
    • Resources and reserves overview
    • Production overview
  • Portfolio summary
  • Economic assumptions
    • Economic assumptions
      • Foreign exchange rate assumptions

In this report there are 27 tables or charts, including:

  • Executive summary
  • SWOT Analysis
    • Executive summary: Table 1
  • Strategy
    • Strategy: Image 1
    • Strategy: Image 2
    • Strategy: Image 3
    • ONGC: strategic fit of upstream regions
    • Strategy: Image 5
    • Strategy: Image 6
    • ONGC: international exploration acreage held (87,250 sq km)
    • ONGC: international exploration blocks held (85 blocks)
  • Valuation
    • Valuation: Image 1
    • Valuation: Image 2
  • Financial health
    • Financial health: Image 1
    • Financial health: Image 2
  • Resources, reserves and production
    • Reserves and resource detail
    • Benchmarking: reserves and resources detail
    • Benchmarking: reserves and resources life
    • Production outlook
    • Resources, reserves and production: Image 5
    • Resources, reserves and production: Image 6
  • Portfolio summary
    • Key assets
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high, and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Value assumptions
    • Economic assumptions: Table 5
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.