Vedanta Oil and Gas Limited – Investor Presentation Summary
Key Operational Highlights
- Average gross operated production stood at 77.7 kboepd across assets
- Average working interest production stood at 51.1 kboepd
- Total gross oil and gas production reached 7.1 million boe
- Total working interest production stood at 4.7 million boe
- Notified a Gas discovery in the Kaam BCP-1ST well in the Kameshwari-Graben area of the RJ-ON-90/1 block in Rajasthan's Barmer Basin
- Successful well productivity improvement interventions in Mangala
- Targeted well recovery in satellite operations
- 3 wells brought online; 5 wells drilled during the quarter
- Partial shift to low-pressure operations improving well deliverability
- Successes from targeted well intervention activities
- Continuing stable operations across Jaya and Hazarigaon assets
Key drivers of operational performance: Well productivity improvements, targeted interventions, and discovery of new gas resources
Segment-wise Performance
Rajasthan Block (RJ-ON-90/1):
- Average daily gross operated production: 63.1 kboepd
- Oil production: 52 kboepd
- Gas production: 66 Mmscfd
- Working interest production: 44.2 kboepd
Ravva Block (PKGM-1):
- Average daily gross operated production: 7 kboepd
- Oil production: 6.8 kboepd
- Gas production: 1 Mmscfd
- Working interest production: 1.6 kboepd
Cambay Block (CB/OS-2):
- Average daily gross operated production: 4.6 kboepd
- Oil production: 3.6 kboepd
- Gas production: 6 Mmscfd
- Working interest production: 1.8 kboepd
- Note: Cambay matter is sub-judice and under dispute
OALP Blocks:
- Average daily gross operated production: 3.1 kboepd
- Oil production: 0.6 kboepd
- Gas production: 15 Mmscfd
- Working interest production: 3.1 kboepd
KG-ONN 2003/1:
- Average daily working interest production: 0.5 kboepd
Explanation of significant changes in segment performance: Production declines across most blocks due to natural reservoir decline, partially offset by operational improvements and interventions
Financial Highlights
Revenue: ₹2,507 crore
EBITDA: ₹1,232 crore
PAT (including discontinued operations): ₹945 crore
Depreciation & Amortisation: ₹741 crore
Exploration cost written off: ₹426 crore (towards 4 OALP blocks)
Finance Cost: ₹110 crore
Investment Revenue: ₹151 crore
Margins:
- EBITDA Margin: 49.1% (₹1,232 crore / ₹2,507 crore)
YoY/QoQ comparison:
- Revenue: +9% YoY (vs ₹2,303 crore in Q1 FY26), -3% QoQ (vs ₹2,584 crore in Q4 FY26)
- EBITDA: -3% YoY (vs ₹1,272 crore in Q1 FY26), +16% QoQ (vs ₹1,057 crore in Q4 FY26)
- PAT including discontinued operations: Significant improvement from (₹480) crore in Q4 FY26 and (₹104) crore in Q1 FY26
Average Price Realization:
- Cairn Total: $102.5/boe (47% YoY increase)
- Oil: $99.7/bbl (52% YoY increase)
- Gas: $18.5/mmscf (35% YoY increase)
- Brent Price: $104.5/bbl (54% YoY increase)
Drivers of financial performance: Higher commodity prices (Brent up 54% YoY), favorable realizations, operational discipline, and cost efficiency measures
Key Risks: Global supply chain disruptions, geopolitical conflicts affecting oil markets, reservoir decline, and ongoing Cambay block dispute
Geographical Revenue Split
Not Specified
Balance Sheet Snapshot
Not Specified
Capex & Cash Flow Health
Capital Expenditure: 3 wells brought online; 5 wells drilled during quarter
Free Cash Flow: Not Specified
Operating Cash Flow: Not Specified
Net Debt Movement: Not Specified
Investment Rationale: Focus on exploration drilling, enhanced oil recovery (ASP), and infill development campaigns aimed at arresting decline and enhancing production
Strategic & R&D Initiatives
Investments in Innovation: Deep Gas exploration campaign in Kameshwari-Graben area, enhanced oil recovery programs, infill development campaigns
Expected impact on growth: Aimed at arresting production decline and enhancing resources
Strategic Rationale: Advancing near and medium-term growth opportunities including exploration drilling to drive sustainable growth
Industry Trends & Business Environment
Macro/Industry Trends: Continued disruptions in global oil production and supply chains with swinging status of Strait of Hormuz opening, Red Sea conflict disruptions, offtake of Middle Eastern oil production seeing maximum disruptions, supply glut during brief open periods of Strait of Hormuz driving down oil prices, damages to Qatar's gas processing facilities impacting global gas trade balances
Impact on Company: Favorable commodity price environment supporting financial performance, while global supply chain disruptions create market volatility
Management Commentary & Growth Outlook
Strategic Outlook: "Q1FY27 marked a defining milestone in our journey with the company's listing on the BSE and NSE. The quarter's performance reflects the resilience of our business and our focus on operational excellence, exploration success with Deep Gas discovery, and disciplined capital allocation. As we advance a strong pipeline of near and medium-term growth opportunities including exploration drilling, enhanced oil recovery (ASP), and infill development campaigns aimed at arresting decline and enhancing production and resources, we remain well positioned to drive sustainable growth and create long-term value for all stakeholders." - Jim Johnny Gast, Interim CEO and Whole Time Director
FY Guidance: Not Specified
Market Share Targets: Not Specified
Risks and Opportunities: Global supply chain disruptions, commodity price volatility, ongoing Cambay block dispute
ESG Updates
Health and Safety: Re-affirming commitment to Health and Safety, developing Safety mindset across employees and partners, critical risk management trainings conducted across sites
Environmental: Renewable power sourcing at 40+ MWh run-rate; 124 kTCO2 -eq. emissions avoidance, ~12 kbbls waste & sludge processing done
Community: Outreach to ~0.6 Mn beneficiaries across engagement programs, ~1k students supported through career counselling & vocational training
Workplace: Awarded India's Best Workplaces, Oil & Gas 2026 by GPWI