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Presentation on OVL Activities

Presentation on OVL Activities. Buyer – Seller Meet – Petrotech 2007 17-01-2007. ONGC VIDESH LIMITED It’s Subsidiaries & Joint ventures. (100%). (50%). (100%). (100%). ONGC Narmada Ltd Nigeria. Amazon Alaknanda Colombia. (50%). Bergomo Holding B.V. (50%).

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Presentation on OVL Activities

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  1. Presentation on OVL Activities Buyer – Seller Meet – Petrotech 2007 17-01-2007

  2. ONGC VIDESH LIMITED It’s Subsidiaries & Joint ventures (100%) (50%) (100%) (100%) ONGC Narmada Ltd Nigeria Amazon Alaknanda Colombia (50%) Bergomo Holding B.V (50%) Mansarovar Energy Colombia Ltd

  3. ONGC Videsh Limited (OVL) • Vision “To be a world class E&P company having an Organization & Culture committed towards Sustainable Growth & Superior Profitability through pursuit of International Opportunities & Excellence in Execution” • Mission “ By 2025 contribute 60 MMTPA of Equity Oil and Gas”

  4. Russia Egypt Iraq Syria Iran Libya Cuba Myanmar Sudan Vietnam Nigeria-Sao Tome Brazil Producing Assets Exploratory Assets OVL to-day Qatar Qatar Colombia Brazil Discovered Assets Interest in 25 assets in 15 countries

  5. E & P Highlights • Diverse Portfolio • Producing assets : 6 • Assets with discovery : 3 • Exploration assets : 16 • Oil and Gas production increased to 6.339 MMtoe in 2005-06, up 25 per cent from 5.062 MMtoe in 2004-05. • Production of gas and oil from Sakhalin 1, Russia started from October, 2005 • Production of oil from Thar Jat field, Block 5A, Sudan started from June, 2006 • Successfully completed drilling of the three exploratory wells in offshore Iran . Drilling fourth well in progress.

  6. Portfolio Distribution Producing Assets Sudan : Block 1, 2 & 4 Vietnam : Block 06.1 Russia : Sakhalin-1 Syria : AFPC Operated assets Sudan : Block 5A Colombia: Middle Magdalena Valley properties

  7. GNOP Sudan: GNOP • Location : Blocks 1, 2 & 4 in Muglad Basin - South Central Sudan • Area: 49,500 sq km (onland) • Consortium : CNPC : 40% Petronas : 30% OVL : 25% Sudapet : 5% • Joint Operator GNPOC • Current oil production: 250,000 BPD GNOP

  8. Vietnam: Block 06.1 • Located in Nam Con Son Basin, offshore Vietnam. • Area: 955 sq km (offshore) • Water Depth: 125 to 180 m • Discovered gas fields : • Lan Tay( on production since Jan.2003). • Lan Do (Under development plan-2009). • Partners BP : 35% OVL : 45% PV : 20% • Current Gas production: 12 MMSCMD Block 06.1

  9. Russia:Sakhalin 1 • Location: Off shore Sakhalin Island, Russia • Area: 1146 sq km (offshore) • Interest: ONGC-VL : 20% Exxon Mobil : 30% Soedco : 30% Rosneft : 20% • Comprises 3 discovered fields • Chayvo field under development • Production of gas and oilcommenced in October, 2005 • Peak Prodn. Expected in 2007. • Current production: Crude and condensate: 64,000 BPD Gas: 4.82 MMSMD Sakhalin 1

  10. Syria: AFPC operated fields • Area: 1146 sq km (onland) • Acquired (along with OMEL) 17.5% interest in fields operated by AFPC. • SHELL : 65% • Bergomo : 35% (OVL+CNPC) • Acquisition is effective from 1st July, 2005 • Current production: 155,000 BPD (36 fields) • Plan: Infill drilling in prog. 50 wells(2006-07) EOR plan study.

  11. EGYPT LIBYA WADI HALFA PORT SUDAN DONGULA MAROWE ATBRA SUDAN SUDAN CHAD 8 9 12 KHARTOUM ERITREA 11 KASSALA 10 EL RABAK OBIED 7 NYALA 7 7 HEGLIG 2 3 6 3 Block 8 D.1 4 RUBKONA 1 D.2 3 4 2 1 ETHIOPIA F.2 F.6 F.3 RUBKONA F.5 THAR JATH F.4 ( BENTIU ) F.1 5A 5a WAU 5b 5B CENTRAL AFRICA JUBA KENYA ZAIRE UGANDA Sudan: Block 5A • Area: 20917 sq.km (onland) • Location: Muglad Basin • Fields Discovered: Thar Jat (1999), Mala (2003), Mala Satellites (Mala SE, Mala E, Mala N in 2005) • Interest: OVL : 24.125 % Petronas : 67.875 % Sudapet : 8 % • Thar Jat field put on production since 26th June, 2006 (24000 BPD) • Development scheme approved for Mala and satellite fields

  12. Colombia: Middle Magdalena Valley properties

  13. Middle Magdalena Valley properties: Colombia Contract Areas Velásquez Fee Mineral Block: 32 km² Velásquez Field (Thermal production) Naré A Association Contract: 67.08 km² Chicalá Field (Under development) Naré B Association Contract: 97.94 km² Naré Sur, Jazmín and Under River Fields (Thermal production) Moriche Field (Under Development), Jazmín North 1 and Jazmín North 2 (Under Evaluation) Cocorná Sur Block (Association Contract): 48 km² Teca Field (Thermal Production)

  14. Colombia: Middle Magdalena Valley properties • Acquired from Omimex de Colombia through Mansarovar Energy Colombia Limited (MECL) on 20th September, 2006 with an effective date of 31st March, 2006. • MECL owned 50:50 by OVL and SIPC • Velasquez is owned 100% by MECL. All other fields are owned 50% by MECL and the other 50 % is held by Ecopetrol, the National Oil Company of Colombia. • Current gross production 20,000 bpd. • Expected to increase to 65,000 bpd. • Plan: Presently 3 rigs in operation. 5 more rigs planned in 2007. < 200 wells are planned to be drilled.

  15. Portfolio Distribution • Discovered Fields • Qatar: Block Najwat Najem • Myanmar: Block A1 • Brazil: Block BC-10

  16. Block NN, Qatar Najwat Najem Najwat Najem • Location: Arabian Gulf, offshore Qatar • Area: 120 sq km (offshore) • Water Depth: 135 ft. • Interest: OVL : 100% • Appraisal Period: 2 years. • Work Commitment: Reprocess and Interpretation: 200 sq km 3D seismic data- done Well: 2 (Appraisal) • Firming up of appraisal locations in progress. • Rig hired , plan to drill in April 2007

  17. Myanmar: Block A1 • Location: Rakhine Offshore ( 550km from Kolkata) • Area: 3885 sq Km (offshore) • Interest: Daewoo : 60% OVL : 20% GAIL : 10% KOGAS : 10% • Discovered SHWE and SHWE PHYU Gas fields • Development appraisal in progress, LNG plan. Block A1

  18. Brazil: Block BC-10 • Location: Campos Basin • Area: 600 sq km (offshore) • Water depth: 1400 -2000 m • Interest: Shell : 50% Petrobras : 35% OVL : 15% • Discoveries : 6 • Development plan for Phase1 (3 fields) firmed up. • Expected First Oil: 2009

  19. Portfolio distribution • Exploration assets : Iran : Farsi Block* Iraq : Block 8* Libya : Block NC -188, Block NC189 Block-81-1* Syria : Block XXIV Sudan : Block 5B Egypt : Block 6 **(North Ramadan) Myanmar : Block-A3 Nigeria-Sao : Block-2Tome JDZ Cuba : Blocks 25 to 29 & 36 Blocks 34 &35* Vietnam : Block 127* Block 128* * OVL operated ** Joint operator at the development phase

  20. Farsi Iran: Farsi Block • Location: Persian Gulf, offshore Iran • Area : 3500 sq km (offshore) • Interest: OVL : 40% IOC : 40% OIL : 20% API new 2D & 3D data , firmed up location. • Drilled 3 wells, Fourth Exploratory well drilling in progress.

  21. Iraq: Block 8 • Location: Western Desert, Iraq • Area : 10,500 sq Km (onland) • Interest: OVL : 100% • Project is currently under ‘ force majeure’ Block 8

  22. Libya: Blocks NC 188, 189 • Exploratory blocks in onshore Libya • Interest OVL : 49% TPOC : 51% • Block NC-188 (Ghadames Basin) Area: 6558 sq Km Drilled one well, dry. • Block NC-189 (Sirte Basin) Area: 2088 sq Km Work Program: Interpretation of 2D & 3D data. Firming up drilling location. API 2D new Seismic data Wells 2 wells in 2007 1 well in 2008 NC188 NC189

  23. Libya: Block 81-1 • Location: Ghadames Basin • Area:1809 sq km(onland) • Interest: OVL : 100% • Work Program : exploratory spread over for 5 years. Acquisition, processing & interpretation of 2D & 3D seismic data. Drilling of 1 Exploratory well. Tendering for seismic data acquisition in progress Block 81/1

  24. Syria: Block XXIV • Location: Euphrates Graben • Area: 2853 sq km (onland) • Effective Date: 29th May, 04 • Participating Interest OVL : 60% IPR : 40% • Work Program: (3 phases over 7 years) 1st Phase: 2007 Acquisition & reprocessing of existing data- completed. 2 wells :1 well under drilling 1 well to drill in March Block XXIV

  25. EGYPT LIBYA WADI HALFA PORT SUDAN DONGULA MAROWE ATBRA SUDAN SUDAN CHAD 8 9 12 KHARTOUM ERITREA 11 KASSALA 10 EL RABAK OBIED 7 NYALA 7 7 HEGLIG 2 3 6 3 Block 8 D.1 4 RUBKONA 1 D.2 3 4 2 1 ETHIOPIA F.2 F.6 F.3 RUBKONA F.5 THAR JATH F.4 ( BENTIU ) F.1 5A 5a WAU 5b 5B CENTRAL AFRICA JUBA KENYA ZAIRE UGANDA Sudan: Block 5B • Location: Muglad Basin • Area :20,120 sq km (onland) • Interest: Petronas : 39 % Lundin : 24.5 OVL : 23.5 % Sudapet : 13 % • Acquisition of seismic data initiated.

  26. Egypt: Block 6 (North Ramadan) • Location : Gulf of Suez • Area : 290 sq. km (offshore) • Water Depth: 5 to 60 m • Effective Date: 8-8-2005 • Interest : OVL : 70% IPR : 30% • Work Program: 3 phases over 7(3+2+2) years, seismic data acquisition & data processing/reprocessing. Drilling 3 wells Drilling 1st well in progress. 2 more wells to be drilled in 2007. Joint operatorship during development phase Block 6

  27. Myanmar: Block A3 • Location : Myanmar (Arakan Coast) • Area : 6780 sq.km (offshore) • Water Depth : 0-1500 m • Interest : Daewoo : 60% OVL : 20% GAIL : 10% KOGAS : 10% First exploratory well discovered gas in Pliocene sand. Block A3

  28. Nigeria-Sao Tome JDZ: Block2 • Location : Nigeria Sao Tome JDZ • Area : 692 sq km (Deep offshore) • Water Depth: 2000 m • Effective Date : 15.03.2006 • Interest: • Sinopec : 28.67% • ERHC Energy : 22% • Addax Petroleum : 14.33% • OVL : 13.5 % • Equator exploration : 9% • Amber : 5% • Foby Engineering : 5% • A & Hatman : 2.5%* Work Program: Reprocessing & Interpretation of Seismic data. Drilling of 1 well in 2008. Block-2

  29. Block-127 Vietnam: Block 127 • Location: Phu Khan Basin, Vietnam • Area : 9,246 sq km (offshore) • Water Depth: 200 – 2000 m+ • Interest: OVL : 100% • Minimum Work Program: 3 phases over 7 years. Acquisition, processing & interpretation of seismic data. Drilling of 4 wells Tendering for seismic data acquisition in progress

  30. Block-128 Vietnam: Block 128 • Location: Phu Khan Basin, Vietnam • Area: 7,058 sq km (Deep offshore) • Water Depth: 200 – 2000 m+ • Interest: OVL : 100% • Minimum Work Program: 3 phases over 7 years. Acquisition, processing & interpretation of seismic data. Drilling of 3 wells. Tendering for seismic data acquisition in progress

  31. Cuba: Blocks 25-29 & 36 • Location : Cuba EEZ • Area:11231 sq km( Deepwater) • Water Depth: 1200-2200 m • Exploration Period : 8 years w.e.f. Dec. 2000,extended by one more year. • Interest: Repsol : 40% OVL : 30% Norsk Hydro : 30% • Min. Work Progam:4 phases Phase -1&2 completed. Phase -3: Drilled 1 well. 3000 sq.km. 3D done. Interpretation in prog. To firm up next location. Phase-4:1 well to drill.

  32. Cuba: Blocks 34 & 35 Location : Cuba EEZ • Area: 4300 sq km (Deep water) • Water Depth: 0-2200 m Effective Date :13.9.06 • Interest: OVL : 100% Min. Work program: 3 Phase 1st phase: API 2D & 3D. Reprocessing old 2D 2nd Phase: API 3D seismic 1 well 3rd Phase: 1 well Blocks 34 & 35

  33. Thank you

  34. Ultimate Reserves Ult. Reserves on 01.04.2006: 1.85 bnboe, Oil: 0.919 bnbbl Reserves on 01.04.2006: 1.74 bnboe, Oil: 0.833 bnbbl Net Accretion of Ultimate Reserves in FY 2005-06: 15.11 MMT

  35. Oil and gas production 6.339 5.062 3.868 0.252 ProductionFigures (2006) : 91500 BOPD & 159 MMCf /d

  36. Blocks awardedContracts to be signed • Nigeria: Block 209 (Re designated OPL279) Block 212 (Re designated OPL 285)

  37. Middle Magdalena Valley properties: Colombia Middle Magdalena Valley properties in Colombia. • 100% working interest (WI) in Velásquez Fee Mineral area Perpetual lease. 21° API Oil. • 50% WI in Naré A, Naré B, and Cocorná Association contract areas. • Production (Gross) 19,800 bopd / (net) 9,450 bopd, 12° to 14° API 85% Heavy oil, Cyclic Steam projects. • 100% WI in Corales Technical Evaluation Area (TEA),Gas-prone area. • 100% WI in 189 km Velásquez – Galán Pipeline, 55,000 bopd Capacity.

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