ONGC ANNUAL REPORT 2012-13 PDF DOWNLOAD

adminComment(0)

On behalf of the Board of Directors of ONGC, country's most valued public sector enterprise,and over dedicated energy soldiers, present to you the. ONGC Annual Report 13 - Download as PDF File .pdf), Text File .txt) or read online. ONGC Annual Report in detail (Balance Sheet, Cash flow. CONSOLIDATED FINANCIAL STATEMENT OF ONGC GROUP (PDF Format) of the Board Resolution/ .. Those Members, who have not registered their e- mail ID download the copy of Annual Repor t from Company's website . Accordingly, the figures of FY , , and FY.


Ongc Annual Report 2012-13 Pdf Download

Author:RENNA LINDAMAN
Language:English, Portuguese, Dutch
Country:Mexico
Genre:Technology
Pages:763
Published (Last):28.03.2016
ISBN:676-2-19106-784-4
ePub File Size:25.39 MB
PDF File Size:10.42 MB
Distribution:Free* [*Registration Required]
Downloads:36443
Uploaded by: AHMED

ANNUAL. REPORT. Shri Ashutosh Jindal, lAS (MT: ) continues to hold the was also launched by ONGC, OIL and IOCL. The CPSEs .. Natural Gas Production (BCM ). “Production of petroleum products estimated to rise to mmt in –13,” at redelocidi.cf . redelocidi.cf —— —. *. Annual Report 9. Conservation of Petroleum. Products. Welfare of .. Corporation Limited (ONGC) and Oil India Limited ( OIL).

In the process, the Company accreted Innovative technological solutions helped us to sustain production levels from domestic as well as overseas fields.

Total production during FY'13 including overseas assets has been Besides, the natural decline in domestic matured fields has also contributed a little to the overall dip in production. The repercussions of the global economic turmoil continue to roil the economic fortunes of most of the major countries and the expected turnarounds have been slow to manifest.

This was It has always contested and surmounted challenges that it had to contend with throughout its significantly eventful history. Today, the industry is in a position to scale the inaccessible which was hard to visualize even a few years ago. Your Company is also aggressively engaged in We believe in meaningful cooperation for leveraging mutual strengths for growth.

This year we inked cooperation agreements with industry pursuing such opportunities to ensure its sustained growth. We have undertaken structured initiatives towards deep-water exploration and have made 35 deep-water discoveries so far. During appraisal we have discovered substantial quantity from leading peer-and-public evaluations. Your company is worlds no. Compared to last year, our of oil and gas which have given a fillip to our efforts towards monetizing the discoveries.

Prasad D-1 field has already commenced. Seven out of these 13 projects are expected to be completed this year and the remaining five in subsequent years. Monetization of these fields is going to ramp up Oil and Gas production during the ensuing fiscal year.

Prudent reservoir management has been one of our strong areas of focus. Today, more than 70 per cent of ONGC's domestic production is contributed by 15 major fields which are 25 to 50 years vintage.

Buoyed by this success, ONGC has adopted a policy of rolling redevelopment Moreover, your Company, as a pioneering practitioner of balancing business growth with meaningful social and environmental contributions, scheme for its major fields. During the year, your Company made 14 oil and gas discoveries.

ONGC Annual Report 2012 13

These ef forts added Our Reserve Replacement thRatio of 1. ONGC remained the largest producer of crude oil and natural gas in India.

Notwithstanding a 7 per cent natural decline in matured Basins across the globe, your Company maintained its production levels from ONGC-operated domestic fields at Calibrated capital and technology infusion for best-in-class reservoir management maintained production in 15 major fields, contributing 70 per cent of ONGC's crude production.

This positions ONGC in the league of the world's best brownfield managers. Over 70 per cent of the major producing Indian fields of ONGC, like their global counterparts, are into their natural decline phase.

The current recovery factors in ONGC's matured fields are in the range per cent. ONGC is increasingly pursuing the agenda to improve recovery factor through capital-intensive technology interventions, and aims to increase the average recovery factor to 40 per cent by On the Earnings front, there are generous upsides from current levels.

ONGC Annual Report 2013 14

With the buoyancy in international crude prices and greenback strength our revenue is US Dollar-denominated expected to continue, there are substantive growth potential in your Company's Earnings in the near-term. With more remunerative pricing of our natural gas and with subsidy rationalization, significant value remains to be unlocked for your trusted shareholdings. We are recommending an investor-cheering dividend per cent payout ratio of It gives me immense pleasure to inform you that the Company, for many years running, has been the highest dividend payer in India.

Our strong cash flow generation model provides capacity for this robust shareholder distribution, along with a fiscal comfort to pursue at tractive business opportunities.

Oil and Natural Gas Corporation

An aggressive investment profile, with a 5-year Capex CAGR of over 8 per cent, positions your business for enduring earnings growth. Over the past decade, we had de-leveraged the balance sheet and we are almost a zero-debt company.

This has been achieved by strong cash generation, though, of late, the subsidy burdens have consumed some of the cash reserves painstakingly built up in the past decade.

ONGC Videsh now has a balanced port folio of 33 hydrocarbon properties worth over USD 15 billion across the globe in 16 countries in 4 continents. Thir teen of these are producing assets, spread across 10 countries. ONGC has built up a robust presence in most of the emerging low-carbon grow th corridors like renewables and unconventional gas.

Related titles

Environmental impacts of fracking are the issues being dealt by us with technology-enabled mitigation techniques with global partners experienced in shale play. Keeping in view India's increasing trend in gas imports, ONGC has taken up positions in LNG regasification terminals at one of the most strategic locations - Mangalore.

We are positioning Sustainable Development with a key focus on Environment Management in our long-term Perspective Plan This sustainable value creation spreads beyond our financial balance sheet to our community and environment balance sheets.To sustain growth in the emerging business paradigm, your Company has chalked out an ambitious 'Perspective Plan ', mapping the long-term growth model of ONGC as an integrated energy major.

ONGC remained the largest producer of crude oil and natural gas in India. Experts from Romania , the Soviet Union , the United States and West Germany subsequently visited India and helped the government with their expertise.

Innovative technological solutions helped us to sustain production levels from domestic as well as overseas fields.

Your company is worlds no. We have made significant strides in engaging our operational communities through our structured Corporate Social Responsibility CSR programmes.

On the Earnings front, there are generous upsides from current levels. The dividend, if approved by the Members at the said Annual General Meeting, will be paid before 24th October, to the members whose names appear on the Register of Members of the Company after giving effect to all valid share transfers in physical form lodged with the Company on or before Wednesday, the 18th September, , and the respective Beneficial Owners as at the close of business hours on Wednesday, the 18th September, , as per details thereof to be furnished by the depositories.

Sudhir Vasudeva. Rao, superannuated as Director Exploration of your Company on

STORMY from Norfolk
I enjoy promptly . Also read my other posts. I have only one hobby: aggressive inline skating.
>