Highlights:
- Gross Revenue Rs.26,555 Crore
- Records 3.7 % increase in Natural Gas production
- Records 5.8 % increase in Value Added Products (VAP)
- 4 discoveries made in Q1 FY’20
In its 321st Meeting held on 13th August, 2019, ONGC Board approved the results for First Quarter (Q1) of FY 2019-20 (FY’20) as detailed below:
1.Financial Performance (Standalone)
| Particulars | Q1 2019-20 |
Q1 2018-19 |
% variation |
FY’19 |
| Gross Revenue (Rs.Crore) | 26,555 | 27,213 | (2.4) | 1,09,655 |
| Net Profit (Rs.Crore) | 5,904 | 6,144 | (3.9) | 26,716 |
| Crude Oil Price-Nominated | ||||
| Net Realization (US$/bbl) | 66.30 | 71.49 | (7.3) | 68.19 |
| Net Realization (Rs/bbl) | 4,612 | 4,792 | (3.8) | 4,766 |
| Crude Oil Price-JV | ||||
| Realization (US$/bbl) | 66.78 | 67.97 | (1.8) | 65.97 |
| Realization (Rs/bbl) | 4,645 | 4,556 | 2.0 | 4,611 |
| Gas Price | ||||
| Price on GCV basis($/mmbtu) | 3.69 | 3.06 | 20.6 | 3.21 |
- Financial Performance (Consolidated)
| Particulars | Q1 2019-20 |
Q1 2018-19 |
% variation |
FY’19 |
| Gross Revenue (Rs. Crore) | 1,09,515 | 1,10,367 | (0.8) | 4,53,461 |
| Net Profit (Rs.Crore) | 7,043 | 9,318 | (24.4) | 33,887 |
| Net Profit (Rs. Crore) – attributable to owners | 6,694 | 8,287 | (19.2) | 30,495 |
3.Production Performance
| Particulars | Q1 2019-20 |
Q1 2018-19 |
% variation |
FY’19 |
| Crude Oil–ONGC (MMT) | 4.792 | 5.027 | (4.7) | 19.626 |
| Crude Oil–JVs (MMT) | 0.714 | 0.809 | (11.7) | 3.120 |
| Condensate (MMT) | 0.363 | 0.380 | (4.5) | 1.485 |
| Total Crude Oil (MMT) | 5.869 | 6.216 | (5.6) | 24.231 |
| Gas – ONGC (BCM) | 6.148 | 5.925 | 3.8 | 24.747 |
| Gas – JVs (BCM) | 0.272 | 0.268 | 1.5 | 1.063 |
| Total Gas (BCM) | 6.420 | 6.193 | 3.7 | 25.811 |
| Value Added Products (KT) | 917 | 867 | 5.8 | 3,641 |
4.Exploratory Performance
ONGC has made 4 discoveries (3 prospects and 1 pool) in Q1 FY’20. The details of latest discovery made subsequent to the last press release on 30.05.2019 is as under:
SD-12(SDAG) in Sundalbari-Agartala Dome PML,West Tripura
Exploratory well SD-12(SDAG) flowed gas @ 1,14,000 m3/day. This is the first Middle Bhuban sand that has been established in the Sundalbari field and opens up a new play for exploration which will give incentive for targeting deeper prospects in this area.
