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ONGC declares results for Q1 FY’20: Posts Net Profit of ` 5,904 crore.

records 3.7% increase in Gas Production Q-o-Q

1.    Financial Performance (Standalone)

Particulars

Q1
2019-20

Q1
2018-19

%
variation

FY’19

Gross Revenue (₹ Crore)

26,555

27,213

(2.4)

1,09,655

Net Profit (₹ 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 (/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 (/bbl)

4,645

4,556

2.0

4,611

Gas Price

Price on GCV basis($/mmbtu)

3.69

3.06

20.6

3.21

 

2.    Financial Performance (Consolidated)

Particulars

Q1
2019-20

Q1
2018-19

%
variation

FY’19

Gross Revenue (₹ Crore)

1,09,515

1,10,367

(0.8)

4,53,461

Net Profit (₹ Crore)

7,043

9,318

(24.4)

33,887

Net Profit (₹ 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.

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