It is all good for ONGC from here onwards
Gas volumes from upcoming investments are expected to go up by close to 40% in 4 years
The highly profitable new petchem capacity (OPAL) will ramp-up to 80% utilisation by March 2018 from current 50%
Realisation will jump: APM gas price will structurally revive with a lag to oil price rise.
Moreover, most new fields will attract ~2x APM gas price
Cost efficiencies will improve: Operating costs will remain low post the 32% fall since CY16, due to lower equipment costs and higher drilling efficiencies.
Gas volumes from upcoming investments are expected to go up by close to 40% in 4 years
The highly profitable new petchem capacity (OPAL) will ramp-up to 80% utilisation by March 2018 from current 50%
Realisation will jump: APM gas price will structurally revive with a lag to oil price rise.
Moreover, most new fields will attract ~2x APM gas price
Cost efficiencies will improve: Operating costs will remain low post the 32% fall since CY16, due to lower equipment costs and higher drilling efficiencies.
Prices to rise, costs to come down
Find out by how much will ONGC gas output go up anually over
the next four years
When is the KG-DWN-98/2 likely to kick start?
By how much is APM and non-APM price expected to go up over the next four years?
And by how much have finding costs gone down?
And by how much has offshore drilling costs reduced?
What kind of further opex saving does the company expect?
When is the KG-DWN-98/2 likely to kick start?
By how much is APM and non-APM price expected to go up over the next four years?
And by how much have finding costs gone down?
And by how much has offshore drilling costs reduced?
What kind of further opex saving does the company expect?
No comments:
Post a Comment