ONGC VIDESH LIMITED...ONGC Videsh Limited –International E&P Company of India 5 •Incorporated as Hydrocarbons India Pvt. Ltd. 5th March, 1965 •Rechristened ONGC Videsh Ltd, wholly

ONGC VIDESH LIMITEDCORPORATE PRESENTATION

Nov 2020, Delhi

Disclaimer This presentation does not provide individually tailored advice but is an effort to express views that may

be considered debatable, and may not conform to different views on the topic and does not contain anyinformation of strategic nature emerging from the ONGC Videsh Limited

The Company has prepared this presentation based on information available to it, including informationderived from public sources that have not been independently verified. While reasonable efforts havebeen made to provide reliable information through this presentation, no representation or warranty,express or implied, is provided in relation to the fairness, accuracy, correctness, completeness orreliability of the information, opinions or conclusions expressed herein. Neither the Company noranyone else accepts any liability whatsoever for any loss, howsoever, arising from use or reliance on thispresentation or its contents or otherwise arising in connection therewith.

This presentation had been prepared without regard to any pressure group, institution/ lobby oninternational affairs or relations and is not meant to aim at any individual, institution, group, country,government or political representatives, its ideology, thinking or prophesy.

This presentation is not intended to be relied upon as advice to investors or potential investors and doesnot take into account the investment objectives, financial situation or needs of any investor. Theinformation contained herein does not purport to be all-inclusive or to contain all of the information aprospective or existing investor may desire. All investors should conduct their own investigation andanalysis of the Company and consider such factors in consultation with a professional advisor of theirchoosing when deciding if an investment is appropriate.

This presentation may contain forward looking statements including statements regarding our intent,belief or current expectations. While due care has been used in the preparation of forecast information,actual results may vary in a materially positive or negative manner.

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Presentation Overview

Introducing ONGC Videsh

Global Footprint & Project details

Reserves and Production

Financials

Growth plans

Our Global Partners

1

2

3

4

5

6

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Global Footprint


Financials

Growth plans

Our Global NOC/IOC Partners

1

2

3

4

5

6

4

ONGC Videsh Limited – International E&P Company of India

5

• Incorporated as Hydrocarbons India Pvt. Ltd.

5th March, 1965

• Rechristened ONGC Videsh Ltd, wholly owned subsidiary of ONGC

15th June, 1989

• Global Presence17 Countries,

37 Assets

• Production (FY 2019-20)285.3

kBOEPD

• 2P/3P reserves (@01.04.2020)587/ 612 MMTOE

ONGC Videsh Limited – Key Strengths Enabling Sustainable Competitive Advantage

6

Company With Extensive

International Footprint

Alliances And Partnerships With Major

E&P Companies

Balanced Portfolio Of

Assets

Accomplished Human

Resources Supported By

Strong Governance

Technology As A Value Driver

Shashi Shanker

Chairman

Functional Directors

(Whole-time)

A K Gupta

Managing Director

Non-Executive Part Time

Directors

(Govt. Nominees)

Director (Operations)

GS Chaturvedi

Director (Exploration)

Vivekanand

Director (Finance)

B. Purushartha

JS, DEA, MoF

Non-Executive Part Time

Independent Directors

Functional Directors of ONGC are Special Invitee (s) to the Board.

B.N. Reddy

JS(IC), MoPNG

Board of Directors

7

ONGC Videsh Limited – Organogram

8

Managing Director

Director (Finance)

Internal Audit

Comm. ITCorporate Finance

& Oil/Gas sales

Intermediate Companies,

Amsterdam and Singapore

Director (Exploration)

Business Development

E&DOVAI,

Houston

Director (Operations)

Corporate Support Service

Mgmt. & Technical Cell

Engineering & Operations

HSE & Risk

Drilling

Corp Planning & Strategy , Strategic HR and CC

EC / CSR /RTI

General Counsel

Company Secretary

COLOMBIA BU

MENA BURUSSIA BUCIS BUASIA-PACIFIC

BUMZM BULAC BU

( Brazil+ Vnz)



Global Footprint & Project Details


Financials

Growth plans


1

2

3

4

5

6

9

Growth Of ONGC Videsh

2001

•20% PI in Sakhalin-1, Russia

2002

•17% PI in exploratory Block A1, Myanmar

•40% PI in exploratory Block Farsi, Iran

2003

• 25% PI in GNOP, Sudan (Exited from 31.08.2019)

• 24.125% PI in SPOC, South Sudan

2004

•60% PI in exploratory Block 24 Syria

1965

•Hydrocarbons India Ltd.- India’s first overseas venture in Iran

1975

•PI in Exploratory block Abu Khema, Iraq

1976

•PI in Exploratory block off the coast of Dar-es-Salam in Tanzania

1988

•Three exploration blocks: Block 6, Block 12E and Block 19 in Vietnam

2006

• 16.67-18.75% PI in AFPC, Syria

• 17% PI in exploratory Block A3, Myanmar

• 15% PI in BC-10, Brazil

• 50% PI in MECL, Colombia

2008

•40% PI in San Cristobal, Venezuela

2009

•100% PI in Imperial Energy,

Russia

2010

•11% PI in Carabobo-1, Venezuela

2013

• 2.7213% PI in ACG, Azerbaijan

• 2.36% stake in BTC pipeline

• Addl. 12% PI in BC-10, Brazil

2014

• 16% PI in Rovuma Area 1, Mozambique

2016

•26% equity in Vankorneft, Russia

2017

•30% PI in Exploration Blocks 2112A, 2012B & 2113B in Namibia (Relinquished)

2018

•4% PI in LZC, UAE

•25% PI in exploratory Block 32, Israel

Global Footprints of ONGC Videsh

37 projects in 17 countries

Exploration: 16

Discovered/ Developing: 4

Producing: 14

Pipeline: 3

Colombia 6 1

Brazil 1 1

LAC BU

Russia 3

Russia BU

Vietnam 1 1

Myanmar 2 2 2

Bangladesh 2

AP BU

Syria 1 1

Iraq 1

Iran 1

Israel 1

MENA BU

Details

Azerbaijan 1 1

Kazakhstan 1

CIS BU

Libya 1

UAE 1

South

Sudan

2

MOZAMBIQUE BU

Mozambique 1

VENEZUELA BU

Venezuela 1 1





Financials

Growth plans


1

2

3

4

5

6

12

Reserves - Growth

187 199 198 207 195161 190 186 203 193 196 207 203 199

271 287346 340

27 13 19 16 26 83

180 171199 199 199

393 409 397

433 424 330

246

13 13 18 2236

36 41

33 33 37

37 35 37

39 2731

25

214 225 230 241 243280

406 398435 425 432

637 647 633

743 738707

612

0

100

200

300

400

500

600

700

800

Proven Probable Possible

Reserves

@ 01.04.201P 2P 3P

Total

(MMToE)340.5 586.9 611.9

13

14

ONGC Videsh – Reserves Spread

Russia45%

South Sudan2%

Sudan0%

Colombia1%

Venezuela3%

Brazil1%

Azerbaijan2%

Vietnam2%

UAE4%

Syria1%

Mozambique37%

Myanmar2%

2P Reserves 586.9 MMTOE as on 1-4-2020

Production Performance

3.35 3.714.58

5.806.84 6.56 6.51 6.76 6.21

4.345.49 5.53 5.51

8.439.35

10.10 9.76

0.52

1.35

1.76

2.15

1.96 2.22 2.362.69

2.54

2.92

2.87 3.34 3.41

4.37

4.814.74 5.23

0.25

3.87

5.06

6.34

7.958.80 8.78 8.87

9.458.75

7.26

8.368.87 8.92

12.80

14.1614.83 14.98

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

FY'03

FY'04

FY'05

FY'06

FY'07

FY'08

FY'09

FY'10

FY'11

FY'12

FY'13

FY'14

FY'15 FY'16FY'17FY'18FY'19FY'20

PRODUCTION in MMTOE

Oil Gas15

76%

24%

23.7% OF ONGC GROUP

PRODUCTION (63.24 MMTOE)

FY’20

ONGC GROUP OVL

FY ’08

FY ’09

FY ’10

FY ’11

FY'12

FY'13

FY'14FY'15

FY'16

FY'17 FY'18 FY'19 FY'20

India - Domestic 66.54 66.36 81.20 89.93 85.64 78.54 73.17 71.12 69.20 67.90 68.35 67.10 63.40

ONGC Videsh 8.80 8.78 8.87 9.45 8.75 7.26 8.36 8.87 8.92 12.80 14.16 14.83 14.98

ONGC Videsh Production (%) 13.2 13.2 10.9 10.5 10.2 9.2 11.4 12.5 12.9 18.9 20.7 22.1 23.6

0.00

25.00

50.00

75.00

100.00

MM

TOE

Oil & Gas

Production of ONGC Videsh to National Production

Source : MoPNG

FY ’08

FY ’09

FY ’10

FY ’11

FY'12

FY'13

FY'14FY'15

FY'16

FY'17 FY'18 FY'19 FY'20

India - Domestic 34.12 33.51 33.69 37.71 38.09 37.86 37.78 37.46 36.90 36.00 35.70 34.20 32.20

ONGC Videsh 6.84 6.56 6.49 6.76 6.21 4.34 5.49 5.53 5.51 8.43 9.35 10.10 9.76

ONGC Videsh Production (%) 20.0 19.6 19.3 17.9 16.3 11.5 14.5 14.8 14.9 23.4 26.2 29.5 30.3

0.00

10.00

20.00

30.00

40.00

MM

T

Oil

16

ONGC Videsh – Production Basket

17

Russia56%

South Sudan4%

Sudan1%

Colombia5%

Venezuela2%

Brazil4%

Azerbaijan4%

Vietnam12%

UAE5%

Myanmar7%

Country Wise FY 2019 -20 (MMToE)



Global Footprint & Project details


Financials

Growth plans


1

2

3

4

5

6

18

3,087

1,6241,734

1,983

2,4932,392

311

-555

113 152241

64

(1,000)

(500)

-

500

1,000

1,500

2,000

2,500

3,000

3,500

2014-15 2015-16(IND AS)

2016-17(IND AS)

2017-18(IND AS)

2018-19(IND AS)

2019-20(IND AS)

US$ Million

Turnover Net Profit

Turnover & PAT

19

18,882

10,63511,629

12,787

17,436 16,965

1904

-3633

757 9811682

454

(5,000)

-

5,000

10,000

15,000

20,000

25,000

2014-15 2015-16(IND AS)

2016-17(IND AS)

2017-18(IND AS)

2018-19(IND AS)

2019-20(IND AS)

INR Crore

Turnover Net Profit



Global Footprint


Financials

Growth plans


1

2

3

4

5

6

20

Key CoVid Impacts to E&P industry7

Our Vision, Mission and Objectives

Our Vision

• To be a world-class exploration and production company providing energy security to the country

Our Mission

• To contribute 40 MMToe of equity Oil and Oil Equivalent Gas by 2040

Our Objectives

• To support India’s energy security

• To build balanced portfolio of exploration, discovered and producing assets in focus countries

• To build a team that excels in performance through assimilation of best practices and technologies

• To be at par with the best international oil and gas companies

• Be the strongest Indian Player in the international E&P

• Build collaborative relations with partners21

Acquisitions in last five years

22

Acquired in PI% Assets

May, 2016 15 Vankorneft, Russia

October, 2016 11 Vankorneft, Russia

February, 2018 4 Lower Zakum Concession, UAE

2 Exploratory Blocks: 30% PI in Namibia PEL 0037(Relinquished) for Blocks 2112A, 2012B and 2113B

25% PI in Block 32, Israel

ONGC Videsh - Gaining reputation & Stature

ProducingDiscovered/ Developing

Exploration Pipeline Total

Operator 1 1 11 0 13

Joint-operator

4 1 1 0 6

Non-operator

9 2 4 3 18

Total 14 4 16 3 37

Working in several assets as a credible operator / joint-operator

23





Financials

Perspective Plan 2030

Our Global Partners

1

2

3

4

5

6

24

Our Partners

25

Partnerships with leading IOCs/NOCs worldwide

Recognitions and Awards

26

ONGC VIDESH

AWARDS

Won the India Risk Management Award, second time in a row in the category Best Risk Management Framework and Systems-PSU

Golden Peacock Award for Risk Management 2017 & 2018

‘Best Miniratna’ at Dun & Bradstreet PSU Excellence Awards 2015

India’s Most International Company based on the

Transnationality Index (TNI) as per survey by ISB, Hyderabad and

Fundacao Dom Cabral (FDC), Brazil for 211-012 and 2012-13.

Awarded ISO/IEC 27001:2013 Certificate for Information Security

Management System.

Awarded ISO 9001:2015, ISO-14001-2015 and ISO 45001-2018

Certificate for QHSE Management system .

India Pride Awards 2013-14 as the best PSU in oil and gas sector.

‘Best Employer Brand Organization in Oil and Gas’ in 2013 by

Asia Oil & Gas Congress.

Conferred with ICICI Lombard & CNBC-TV18 ‘India Risk

Management Awards’ 2016 and 2020 in Public Sector Unit of

the year category,

OVVL’s US$1 billion dual-tranche bond deal awarded, the “Best

Corporate Bond” deal from India at The Asset Triple A Country

Awards 2016.

Environmental sustainability, ICT Initiative and Employee

Productivity award in Miniratna-I category at the 4th edition of

Governance Now PSU Awards-2016.

Best Risk Management Framework & Systems – Risk Technology

– at the 4th edition of The India Risk Management Awards 2018.

Strategic Performance Award at Governance Now PSU Awards-

2017 and Strategic Investment Award at Governance Now PSU

Awards-2018 in Miniratna-I category.

SKOCH Oil and Gas Platinum award for Technology in

International Exploration and Production 2018.

Thank You

Strategy and Corporate Planning

© ONGC Videsh Ltd.Sep 2020

27

Documents

ONGC VIDESH LIMITED...ONGC Videsh Limited –International E&P Company of India 5 •Incorporated as Hydrocarbons India Pvt. Ltd. 5th March, 1965 •Rechristened ONGC Videsh Ltd, wholly