Oil India LimitedPresentation

Strictly Private and Confidential

May, 2013

Oil India: Brief Overview

I d d t I di ’ fi t i l il di i ith thRich Heritage

Presence across Oil & Gas Value Chain (E&P, Transportation

Independent India’s first commercial oil discoveries, with the first one being made in 1953

Integrated O&G Player and Downstream)World Class Infrastructure to support growth

Domestic acreage: 86 729 sq km over 58 blocksLarge Acreage

Total 2P reserves of over 941 mmboe; with reserve

Domestic acreage: 86,729 sq. km over 58 blocks International acreage: 38,944 sq. km

Strong Reserve BaseTotal 2P reserves of over 941 mmboe; with reserve replacement ratio of over 123% in FY12

Market cap : Rs. 35,366 cr *Strong Financials FY13 Total Revenue: Rs 11,456 cr

FY13 PAT : Rs. 3589 cr

India’s Premier Oil & Gas “Navratna” Company Engaged in the Exploration DevelopmentIndia s Premier Oil & Gas Navratna Company Engaged in the Exploration, Development,Production and Transportation of Crude Oil and Natural Gas in India

2

* Market cap as on 27.05.13

OIL Shareholding Structure

Listed on BSE / NSE

Others16.0%

DII7.9%

Number of shares: 601.12 mnGOI68 4%

FII7.7

Key shareholders % Shareholding

Indian Oil Corporation 4.45%

68.4%

Dividend FY131st Interim Dividend/Share: Rs.11.002nd Interim Dividend/Share: Rs.12.00

Final Dividend/share: Rs.7.00

Share price (52 Week High / Low) : Rs.618 / Rs.431

Bharat Petroleum Corporation 2.23%

Hindustan Petroleum Corporation 2.23%

HSBC Bank (Mauritius) Ltd. 2.68%

HDFC Standard Life Insurance Company Limited 1.04%

Market Cap: Rs.35,366 crore

p y

HDFC Trustee Company Limited-Top 200 Fund 0.90%

HDFC Trustee Company Limited- HDFC Equity Fund 0.84%

ICICI PRUDENTIAL LIFE INSURANCESource: Company Reports.(1) Shareholding data as on 27.05.2013(2) The share price data has been adjusted for the bonus issuance

ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD 0.76%

Evolution and Key Milestones

LPG plant setOIL enters the field of installation Entered into a MoU "Company of the year" among allLPG plant set-up using Turbo Expander Technology

OIL enters the field of installation, commissioning and maintenance of Crude oil pipelines

Completed construction of a 401km pipeline from Duliajan to G h ti d 756k i li

Entered into a MoU with IOCL for pursuing overseas exploration and production opportunities

"Company of the year" among all Navratna and Miniratna companies at the PSE Excellence Award

E&P Company of the Year Awardby Petrofed for the year 2010-11

Guwahati and a 756km pipeline from Guwahati to Barauni Wind energy project commissioned

1959 1961 1962–1963 1981 200419991982 2008 2009–2013

Formed as a JV with Burmah Oil Company

Transformed into equal partnership JV company between Burmah

Became a wholly owned Government of India enterprise

Participated first time in NELP

NRL-Siliguri Product Pipeline (660km) commissioned

IPO in September 2009 raising a total of Rs.27.7 bn

Company between Burmah Oil Company and Government of India

India enterpriseReceived Navratna status

10% OFS by GOI

4

Integrated Oil & Gas Player

Transportation DownstreamProductionExploration

Crude Oil Refining & Marketing Petroleum Products

50 years of experienceDomestic: 65 E&P blocks – 1,157 km pipeline

~6MMT capacity

Multi-product

– 660km pipeline;

Petroleum Products

– 26% equity stake in NRL

Gas Cracker Project

Advanced recovery techniques to maximize production

FY’13 Produced 3.7

blocks

International: US, Venezuela , Gabon, Egypt, Iran, Libya, Nigeria Timor Leste and 660km pipeline;

1.72MMT capacity

Overseas Pipeline

– 10% stake in 741km

– 10% equity stake in BCPL

City Gas Business –

MMT of Crude oil:

– 39 installations

– 1,544 km pipelines

FY’13 Produced 2 64

Nigeria, Timor Leste, and Yemen

New Discoveries: 19 Small to medium size di i ( i pipeline (Sudan)

Natural Gas

– 23% stake in 192 km DNPL in North East

– Signed MOU with GAIL, HPCL, IOCL and BPCL/ONGC

FY’13 Produced 2.64 bcm of Natural Gas:

– 26 installations

– 583 km pipelines

discoveries (reserve size less than 30 mn bbls) during last three years (FY10–12)

NRL – Numaligarh Refinery Limited.BCPL – Brahmaputra cracker and Polymer Limited.DNPL – Duliajan-Numaligarh Pipeline Limited.

PSC for 3 blocks has been signed under NELP IX

DNPL in North East

5

Our Vision

Fastest Growing Energy Company with Highest Profitability

D li ht C t ith Q lit P d t d S i t C titi P iDelight Customers with Quality Products and Services at Competitive Prices

Team, Committed to Honesty, Integrity, Transparency and Mutual Trust creatingEmployee PrideEmployee Pride

Fully Committed to Safety, Health and Environment

Learning Organization, Nurturing Initiatives, Innovations and Aspirations with Best Practices

R ibl C t Citi D l C itt d t S i iResponsible Corporate Citizen Deeply Committed to Socio-economic Development in its Areas of Operations

“The Fastest Growing Energy Company With a Global Presence Providing Value to Stakeholders”

6

Strategic Plan 2020-21

Growth

Maintain & Enhance Reserves & Production from Current Fields

2012 2020Inorganic Growth (India and Overseas)

Accelerated Exploration Initiatives

2012 2020Vertical Integration Along the Oil & Gas Value Chain

Selectively Diversify in Alternative Energy

Diversify into Unconventional Hydrocarbons

Be World Leader in the Field of IOR / EOR

Decades of Experience 7

Domestic Industry Environment

Steady Growth in Domestic Energy Consumption

415 445524 559

480

(mmtoe)

Steady Growth in Domestic Energy Consumption Driven by India’s Economic Growth Story Energy Sources

(%)Energy Sources – India

Hydro electricity346 364 381

415

Oil29%

y y5% Renewables

2%Nuclear energy1%

FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11

Source: BP Statistical Review of World Energy, June 2012.

Significant Supply Deficit in the Domestic Market (1)

Natural gas10%Coal

53%

15

Total Consumption162.3 61.1

24.5%

Crude Oil (mmtoe) Natural Gas (bcm) Energy Sources – Global

Renewables2%

Hydro electricity6%

Oil

(%)

Deficit

46.1

75.1%

N t l

Nuclear energy5%

Oil33%

Coal30%

40 4

121.9Deficit

Deficit Production

Source: BP Statistical Review of World Energy, June 2012.

Natural gas24%

40.4

8

Robust Domestic Fundamentals

Among largest net Only 22% of India0 65% of World’sIndia the 4th largest

Strong Domestic Demand

India Remains a Net Importer of

Crude (1)

India – A Fraction of Global

Reserves (2)

India –Significantly

Under-explored (3)

Among largest net importers of oil globally

Dependence on Imports in past decade

Only 22% of India well explored (as of 31 March 2011)

0.65% of World s Oil reserves (2)

0.77% of World’s Gas reserves (2)

India - the 4th largest Energy consumer in world (2)

Robust long-term

Gas Oil

consumption outlook

% of Total Oil ConsumptionDomestic Consumption Outlook India: Exploration Status

FY2011

125

BCM mmbpd

20304.3

Explored22%

Poorly Explored

22%Imports

36

2005

2.6

Un-explored

12%

Initiated

81%

(1) Source: MoPNG.(2) Source: BP Statistical Review of World Energy June 2012.(3) Source: DGH, HEDA report 2010.

Initiated Explor'n

44%

9

Domestic Asset OverviewSignificant India Presence in Regions with Proven Commercial Production or Known Accumulation of Hydrocarbons

Blocks Op N/Op Total

NELP 12 15 27Pre-NELPJV - 2 2PEL (N ) 7 7

30%AA-ONNASSAM +AP

AA-ONN 40%

ASSAM +AP

Significant India Presence in Regions with Proven Commercial Production or Known Accumulation of Hydrocarbons

PEL (Nom) 7 - 7PML 21 - 21CBM - 1 1Total 40 18 58

50%

60%RJ-ONN

20%AA-ONN

AA-ONN-2009/4ASSAM +AP

AA-ONN-2004/2 100%

Kharsang 40%

AS-CBM2008/IV 40%

AA-ONN 50%

85%

15%

40%AA-ONN

20%Strong

75%RJ-ONN

AA-ONN

16%AAP-ON

AA ONNMN-OSN

30%GK-OSN-2010/1

PEL Nomination

1,445

PML Nomination

5,095 JV/PSC (NO)316

NELP (O t )

Overseas (PI)38,749 CBM

113

85%

25%

15%

10%10%

90%KG-ONN

20%MN-DWNKG-OSN

Strongpresence inprospectiveEast Coast

AA-ONN

AA-ONN

MZ-ONN

WB-ONN

KG-DWN

30%(Operator)

18,464NELP (NO)

61,296

10%

40%

40%

30%

20%KG-DWN15%KGDWN

AN-DWN

AN-DWN

+

NELP I-VIII

Nomination ML(s) / PEL(s)

JVC Blocks

OIL as OperatorTotal Area – 125,478Sq km

KG-DWN

AN-DWN

AN-DWN

AN DWN

10%

30%CY-OSN-2009/2 50%

Source: Company information.NO – Non-operatorPI – Participatory Interests

30% OIL as Operator

Joint+AN-DWN

Map Not to Scale

11

With Dominant International FootprintDominant International Footprint with Balanced Presence in Exploration Acreages & Producing Properties

6,725sq.km2,600sq.km

25%(GSPC)

EGYPTBlock 3Block 4

50 sqkm20%

USColoradoJulesburg Basin

Dominant International Footprint with Balanced Presence in Exploration Acreages & Producing Properties

741sq.km 10%SUDAN Pipeline

7,087sq.km2,710sq.km6,629sq.km

50%50% 25%(Sonatrach)

LIBYAArea 86Area 102/4Area 95/96

3,500sq.km 20%(OVL)IRANFarsi Offshore

1,295sq.km17.5% (Summit)NIGERIAOPL 205

1,788sq.km 12.5%(R li )

TIMOR LISTEBlock K

3,761sq.km45%GABON Shakti

, q (Reliance)

203sq.km180sq.km3.5%

VENEZUELACarabobo 1 NorthCarabobo 1 Central

1,853sq.km364sq.km

12.75% (Medco)

YEMENBlock 82 Block 83

OperatorTotal Area –38,749sq.km

pArea (Sq. km)OIL’s Participating Interest (%)

12

Major Projects

MizoramMZ-ONN-2004/1

(NELP-VI)

Gulf of MannarCY-OSN-2009/2( NELP-VIII) –

Block Shakthi(Onshore Gabon,

West Africa)

Project Carabobo (Onshore, Venezuela)

KG BasinKG-ONN-2004/1 (

NELP-VI)

Area: 3,213 Sq. Km

Pre-drilling inprogress, 5 locations

Area: 1,621 Sq. Km

Processing ofacquired data

Area: 3,761.65 Km²

Less explored, geo-politically stable, oil-

Area: 549 Sq. Km

Pre-drilling inprogress 4 locations

Two blocks (383sq. km) in Orinocoheavy oil belt inVenezuela.

released for drilling

1352 LKM of 2Dseismic surveycompleted.

qcompleted.

Data sent forInterpretation.

rich country

2 locations releasedfor drilling

progress, 4 locationsreleased for drilling.

Drilling of 1st wellexpected to start byJune end

Production fromfirst well started inDecember,2012

3D survey expected tostart soon.

2D API 511 LKM, 3DAPI 1621 SQKM andthree well 2D and 3Dacquisition andprocessing

Drilling of third well isin progress.

June end.Current productionfrom three well is1800 bopd.

processingcompleted.

Overseas acquisitions – Focus and Available Resources

Balanced overseas portfolio Dedicated Multifunctional Team pursuing M&A opportunities

Focus for Overseas acquisitions Available Resources

Acquire producing/development

/discovered blocks

M&A opportunities

Utilising Expertise of International M&A Advisers and Technical consultants to identify and pursue opportunities

Both, Oil & Gas – Offshore/Onshore

Individual Target Production level upto

30,000 boe/d

y p pp

Adequate Knowledge Base/Technical and Commercial capabilities across Organisation,

Operatorship in On-shore blocks

Joint operator/Active non-operator in

Strong Financial Resources (Cash/Borrowing Capability)

IOCL as Partner – International network/p p

off-shore blocksIOCL as Partner – International network/ complete Value chain

Active and Focused Management Support for M&A

17

International Acquisition Strategy

I t ti l St t I t ti l P t hi d AlliInternational Strategy

Prepared by International consultants and adopted by Board

Seek to acquire exploration acreages / producing properties

International Partnerships and Alliances

Implement its acquisition strategy utilizing joint ventures with other leading players in the industryPartnering strategy with potential midstream and downstream

Employ capital in the midstream and downstream, limited for

the purpose of creating additional value in the upstream

A Two Period Strategy:

OIL f it i t ti l ff t t

investments in order to retain focus on capital employed in E&P

OIL focuses its international efforts to:

– Launch platforms for international core areas

– Acquire companies/enter partnerships as a non-operator

B ild kill i h ff h d luild

Per

iod

– Build skills in new onshore, offshore and gas plays

– Make organizational change to operate assets

erio

dB

urio

d

– Sustain its core areas as an Asset manager

– Acquire companies and enter partnerships to grow its

core areas launched in Period I

Develop partnerships with technology companies toin a

nd G

row

Pe

ain

and

Gro

w P

er

– Develop partnerships with technology companies to

achieve efficienciesSust

aiSu

sta

18

Significant Reserve Base and Production Scale

1P Reserves represent:1P Reserves represent:

10 Years current production of Crude Oil 12 Years current production of Natural Gas 11 Years current production of O+OEG

Total Reserves (1) Proved and Developed Reserves – Split by Type(mmbbl) Proved developed reserves of approximately 225 mn barrels and natural gas

reserves of 199 mn barrels

473

Consistent Reserve Replacement Ratio Over One Steady Production GrowthConsistent Reserve Replacement Ratio Over One Steady Production Growth

2.041.69 1.65 1.42 1.23

5.10 5.60 5.90 5.90 6.8410.30 9.40 9.70 8.40 8.41

Source: Company InformationNote: (1) Data as of April 1, 2012.

FY08 FY09 FY10 FY11 FY12Crude OIL

FY08 FY09 FY10 FY11 FY12Production Accretion Accretion

19

IOR/EOR Initiatives

20.21

Improvement in Production(in mm bbl)

Improvement in crude oil reserve(in mm bbl)

12 72

4.26 4.47

5.19

8.10

11.0412.72

2.62

3.46

FY08 FY09 FY10 FY11FY08 FY09 FY10 FY11 FY12

OIL has made investments in excess of Rs.2425 crore

26

in IOR/EOR initiatives during last five years

Excellent Oil and Gas Infrastructure

I f t t t S t E&P A ti iti P d ti d St F ilitiInfrastructure to Support E&P Activities Production and Storage Facilities

Two 2D and One 3D Seismic

crew

Six Logging Trucks

72 Production Installations

14 W/over Rigs11 Drillings

Rigs5,000km O&G

Pipelines~150k KL

Crude Storage

Source: Company presentation

In-house Expertise and Integration across Energy Infrastructure

20

Presence Across Value Chain

Seismic APISeismic API(2D and 3D)(2D and 3D)

DrillingDrillingWirelineWirelineLoggingLogging

In-House ExpertiseFieldField

DevelopmentDevelopmentTransportationTransportation DevelopmentDevelopmentpp

ProductionProductionIOR/EORIOR/EOR Field/Reservoir Field/Reservoir ManagementManagement

OIL is a fully self-serviced E&P company

21

OIL intends to continue an active strategy of vertical integration into downstream sectors such as refining,

Downstream Operations

processing, distribution and retailing, cracking and fractionation of gas

This vertical integration strategy is aimed at to achieve following objectives– Diversification of revenue sources

Improving profitability by extending operations into higher margin segments of the product value chain– Improving profitability by extending operations into higher-margin segments of the product value chain

26% equity stake in NumaligarhRefinery Limited (NRL)

MOUs with HPCL, BPCL, ONGC and IOC for laying building

10% equity stake in Brahmaputra cracker and Polymer Limited

Refining and Marketing City Gas / LNG projectsGas cracker Project

Refinery Limited (NRL).

The other equity holders in NRL are BPCL and the Government of Assam

and IOC for laying, building, operating or expanding city gas distribution networks.

Commissioned Wind Energy

cracker and Polymer Limited (Assam)

Process natural gas, naphtha or any other petroleum product

Project in Rajasthan.

LNG: MOU with Kakinada Seaports

Distribute and market petrochemical products in India and abroad

22

Strong Government LinkageGovernment Owned Enterprise and continued government support evidenced by the recently awarded

“Navratna” status to the company making it more autonomous.

2nd Largest Public Sector E&P company

C 68 2011 12– Contributed Rs.68 bn to the exchequer in the FY2011–12

Management Independence

– A Navratna company with liberty to take financial decision upto Rs 10 bn ability to raise Rs 30 bnA Navratna company with liberty to take financial decision upto Rs.10 bn, ability to raise Rs.30 bn

– Board power has been enhanced to USD 600mn for acquisition.

Contributions to Exchequer

13.017.3 15.5

4 0.4

17.1

0.8

16.7

(Rs. in bn) Central Government State Government

11.5

13.5

13.4

31.3 39.114.2 15.2 18.6

39.1

13.0

9.4 10

8.6 1

0

0.3 0.6 0.9

1

3.5 5.

0 5.0

0.2

0.1

0.1

FY10 FY11 FY12

(1)

FY10 FY11 FY12

Corporate Tax Cess Dividend OthersNote: (1) Others include Service Tax, Custom Duties.

(2) Others include PEL Fees and Electricity Duties.

FY10 FY11 FY12Royalty VAT/Sales Tax Others

23

Plan outlay expenditure

2890

Rs/crore

2050

1632 15571743

2050

1210

FY08 FY09 FY10 FY 11 FY 12 FY 13

Significant Investment Lined Up

XIIth 5year Plan: Rs.1,90,030 mnAnnual Plan 2013–14: Rs.35,809 mn

Overseas17%

Investments1% Survey

12%

Exploration

Capital Equipment

17%

3D Seismic Surveys Development DrillingExploratory Drilling

32%

Development21%

21

321,795

3D Seismic Surveys Development DrillingExploratory Drilling

19

38No. of wellNo. of wellSq km

FY13 FY14

500

FY13 FY14 FY13 FY14

Substantial Increase in Exploratory and Development Drilling Planned

24

O ti P fOperating Performance

25

Crude Oil and Natural Gas Production

2 633 2 639

Crude Oil Production Natural Gas Production

(in mm scm)(in mm bbl)

2,633 2,63927.53

2,41526.21

2,35225.5725.67

FY10 FY11 FY12 FY 13FY10 FY11 FY12 FY 13

26

Attractive Cost Structure

OIL has the Advantage of Low Finding and Development Costs

(US$/boe)

OIL has the Advantage of Low Finding and Development Costs

OIL's integrated oil and gas infrastructure enables the company to manage costs efficiently by optimizing manpower costs, using in-house services, adapting cost-saving technology, effectively using geological data and expertise

4 024 22

5.45 5.51 5.19

(US$/boe)

2.823.80 3.80

4.024.222.4.11

2.99

Crude Oil Production Cost Natural Gas Production Cost

FY09 FY10 FY11 FY12 FY13Finding Costs F&D Costs

Crude Oil Production Cost Natural Gas Production CostUSD / MMBTUUSD/Barrel

1.14 1.231.27 1.38

6.80 7.24 7.62 8.23

1.22

1 35 1 61 1.97 2.112.19 0.17

0.190.22 0.27

0.25

0.080.08 0.09 0.08 0.08

8.11

5.1 5.2 5.32 5.85 5.67

1.35 1.61 0.250.270.330.430.35

0.89 0.94 0.96 1.02 0.89

FY09 FY10 FY11 FY12 FY13

Source: Company Information.27

FY09 FY10 FY11 FY12 FY13

Raising Cost Depreciation Depletion

Raising Cost Depreciation Depletion

Natural Gas PricingNatural Gas Price at USD 4 2/mmbtu for 10000 Cal (inclusive of royalty) was last approved inNatural Gas Price at USD 4.2/mmbtu for 10000 Cal (inclusive of royalty) was last approved in May,2010.

OIL’s cost of natural Gas production is around USD 3.06/mmbtu.

Cost of exploration and Development in NELP block is much higher.

To make Natural Gas production attractive, there is need for price revision.

Govt. formed Rangarajan committee for reviewing pricing of Natural Gas.

The committee had recommended Natural Gas price as average of :

Net back Price of Indian LNG import at well head of exporting countriesNet back Price of Indian LNG import at well head of exporting countries

Average price prevailing at major natural gas market.

For every USD one increases in Natural Gas Price:y

OIL’s PAT will improve by ~Rs 220 crore.

OIL’s contribution to exchequer will be increased by ~Rs 254 crore – ~Rs 78 crore to State Govt and ~Rs 176 crore to Central Govt

Sharing of Subsidy by Upstream Companies

R i % Sh i

2009–10 2010–11 2011-12 2012-13

ONGC 11 554 24893 44 465 49 421

2009–10 2010–11 2011-12 2012-13

ONGC 80% 82% 81% 81%

Rs. in crore % Sharing% SharingRs. In cr.

ONGC 11,554 24893 44,465 49,421

OIL 1,549 3293 7,352 7892

GAIL 1,326 2111 3,183 2687

Total 14,430 30297 55,000 60,000

ONGC 80% 82% 81% 81%

OIL 11% 11% 13% 14%

GAIL 9% 7% 6% 5%

Total 100% 100% 100% 100%

Realised Price (USD/Barrel)

114.7 109 6119.7

111.4

68.5

86.1

109.6 111.4

56.2 58.5 59.853.6

38 9

55.4

39 8 41.4 42.5 38.939.8 41.433.1

24.934.7

FY 10 FY 11 FY 12 FY13 Q4 FY12 Q4 FY13

Gross Realized Price Realized Price after Subsidy/Discount Net Realized Price

28

FY 10 FY 11 FY 12 FY13 Q4 FY12 Q4 FY13

Fi i l P fFinancial Performance

29

Growing Revenue and Profit

EBITDAR

98 632 99 476 43 800 48,05061,110 61,234

EBITDARevenue(Rs.mn)(Rs.mn)

72,414 79,056 83,20698,632 99,476

35,680 43,800 ,

FY09 FY10 FY11 FY12 FY 13 FY09 FY10 FY11 FY12 FY13

Dividend Payout RatioNet Profit

30% 31% 31% 33%

50%(As a % of Profit)(Rs.mn)

21,61726,105 28,879

34,469 35,893

FY09 FY10 FY11 FY12 FY13FY09 FY10 FY11 FY12 FY 13

Source: Company financials

30

Leverage Remains Low

Book Value Per ShareEarnings Per Share(in Rs.)(in Rs.)

101 114 120 143

436572

649738

FY13 EPS is based on post bonus issue

share capital

FY13 Book Value is based on post bonus issue share capital

60

FY09 FY10 FY11 FY12 FY 13

436320

FY09 FY10 FY11 FY12 FY13

Total EquityTotal Debt

FY09 FY10 FY11 FY12 FY 13 FY09 FY10 FY11 FY12 FY13

(Rs.mn)(Rs.mn)

93 310

137,637

156,019177,213

192,115

10,143

10,578

93,310

FY09 FY10 FY11 FY13FY12

565375

101

FY09 FY10 FY11 FY13FY12

Source: Company financials

31

FY09 FY10 FY11 FY13FY12FY09 FY10 FY11 FY13FY12

Guidance: FY’14

2013-14 (Target)

Crude oil production 3.95 MMT

Natural gas production 2,740 mmscm

Increase in Exploratory and Development Drilling MeterageIncrease in Work OversEnhanced Water Injection

Endeavour to Enhance LPG production through NGL Recycling

E d t R d G Fl i b I d ti LNG T h lEndeavour to Reduce Gas Flaring by Inducting LNG Technology

32

Awards and Accolades

OIL was awarded the prestigious BUSINESS LEADERSHIP AWARD in OIL & GAS SECTOR by NDTV Profit on 7th January 2012.

E&P Company of the Year Award at the Petrofed Oil & Gas Industry awards for the yearE&P Company of the Year Award at the Petrofed Oil & Gas Industry awards for the year 2010-11

First Prize for Oil Industry Safety Award in Oil & Gas Assets (Onshore) Category

Motivational Leadership Award for 2010–11 at the World HRD Congress

Best Environment Management and Sustainable Development Award by Indian Chamber of Commerce

Gold Award in Petroleum Sector for Outstanding Achievement in Safety Management by the Greentech Foundation

Greentech HR Gold Award 2012 for training excellenceGreentech HR Gold Award 2012 for training excellence

Performance Excellence Award 2011 by Indian Institute of Industrial Engineering

Golden Peacock Award for CSR for 2012

33

Conclusion

Steady and sustained Growth

Sound Financial HealthSound Financial Health

Strong operating track record

More than 5 decades of E&P expertisep

Spreading its wings: NE - Pan India - Global

Large prospective E&P acreage

Pioneer in Pipeline transportation

Entry into Offshore/ Deep Water Blocks

Entry into discovered assets in Venezuela, Acquisition thrust continues

Diversifying into new areas. Core Focus remains in E&P

34

Thank You