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ONGC corporate report

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15 February 2018

ONGC corporate report

Report summary

ONGC has pursued growth during the oil price downturn, bucking the industry trend of reduced investment. Barrels have been secured through the drill-bit, acquisitions and strategic alliances. The company's counter-cyclical efforts have paid off - it is the only company in the peer group to be able to maintain its production over the next five years. Finances have also remained in good shape. Financial gearing has reached 16%, up just four percentage points since the oil price crash. The company's resilience to future price shocks will be further bolstered by the recent US$5.8 billion merger with refiner Hindustan Petroleum.

Table of contents

Tables and charts

This report includes 39 images and tables including:

  • Executive summary: Table 1
  • Upstream EV vs. Upstream NPV,10
  • Upstream portfolio sensitivities vs. Upstream EV
  • Forecast development expenditure (nominal)
  • Forecast operating expenditure (nominal)
  • Reported and unit development costs
  • New Project Returns
  • Reported and WM forecast production
  • Liquid vs. Gas
  • Liquid Production
  • Gas Production
  • Total reserves: Wood Mackenzie commercial
  • Total reserves: reported vs. Wood Mackenzie
  • Total reserves: reported vs. Wood Mackenzie
  • Reserve life: reported vs. Wood Mackenzie
  • Key assets
  • 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
  • Relative share price performance
  • Benchmark: market premium / discount to WM NPV,10
  • Strategic fit of upstream regions
  • Evolution of upstream NPV,10
  • ONGC: production outlook by resource theme
  • Benchmarking: development spend intensity
  • ONGC: domestic production outlook
  • ONGC: global production by resource theme
  • Benchmark: exploration spend per boe
  • ONGC: volumes discovered by basin
  • Strategy: Image 11
  • ONGC net debt outlook
  • Strategy: Image 13
  • International capital investment by country
  • ONGC: international exploration acreage held
  • ONGC: international exploration blocks held
  • Economic assumptions: Table 5

What's included

This report contains:

  • Document

    ONGC Corporate Report.xls

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