2016 Cairn India Limited Cairn India Limited Corporate Presentation June 2016
4 Safety and Sustainability integral to our business Safety Women selling milk to collection centres Rajasthan asset received Mine safety award from DGMS*; Ravva asset received the HSE Excellence award Launched and implemented…
5 India offers significant growth opportunities Change in oil demand mb/d 2014 2040 Oil balance in mb/d 8 91% of the demand will be Positive policy measures met by imports in 2040 Natural gas price reforms 2014 2030 2040 6.0…
6 Cairn India - well positioned for the opportunity Assets: Diverse geological basins and environments World Class Resource Base (FY16) Eight blocks with net acreage of 38,000 km2 Hydrocarbon Initially in Place of 7.8 bn boe Three…
7 Our value creation journey Cumulative oil production of 343 million barrels from Rajasthan asset till end of March 2016
8 Leveraging strengths: Low cost, Technology, Operational excellence Pioneering technology adoption Competitive Operating Cost (US/bbl) Hydro-fracturing technology successfully placed the largest Brazil 32 frac job in India in one of…
9 Agenda Company overview Growth strategy in current environment Near term Outlook
10 Rich set of growth options at all crude price scenarios Five Key Strategic Themes Positive Free Cash Flows Post capex, retaining ability for dividend payout Core fields continue to MBA, Ravva, Cambay Best-in-class opex,…
11 All round efforts driving positive free cash flow Better pricing through commissioning of Bhogat terminal Loaded first cargo of RJ crude from Bhogat terminal RJ water-flood opex cut by 11% from FY15 to 5.2/bbl Continued…
12 Rajasthan Prolific block with significant upside 3,111 km2 block with rich set of options Multiple formations and play types Akli 40 km Thumbli Bhagyam (B) Dharvi Dungar Core Mangala (M) fields Aishwariya (A) Barmer…
13 RJ: Core MBA onshore fields resilient with low cost, high margin HIIP: 2.2 bn boe, Target recovery rate: 50%, Invested development capex of over US5 bn in 11 years Sustaining Momentum Enhanced brownfield development Brownfield…
14 RJ: Focus on building Gas business to boost growth Production potential (Incl NGLs): 15-20,000 boepd Improved initial well productivity results Raag Deep Gas field Project status RDG gas production firm at an avg of 27 mmscfd in…
15 M&A Barmer Hill: A potential growth opportunity Barmer Hill vs. US Shale Technology Implementation: Setting new industry benchmarks Parameter Unit US Shale Barmer Hill Sub-surface alignment on STOIIP and production profile…
16 Mature Offshore assets set new records; best-in-class recovery Production Journey: Ravva Prod till Mar 2016: Production Journey: Cambay Prod till Mar 2016: (kboepd) 334 mmboe (kboepd) 63 mmboe Gas Oil 69 66 64 60 61 19 19 20…
17 Exploration: 13 discoveries in Rajasthan since resumption Rajasthan Exploration Appraisal Testing 38th discovery in Rajasthan, Raageshwari North, flowing oil at 100 bopd initial rate Appraisal concluded for the prioritized…
18 Agenda Company overview Growth strategy in current environment Near term Outlook
19 Stable production and healthy cash flows in volatile times FY17 Guidance Rajasthan Production Despite record low oil prices and substantial cut in capex, we will maintain the production broadly at FY16 level Net Capex…
22 Reduced FY17 Net Capex to US100 mn FY 16 Capex spend FY 17 Capex plan High return capex investments made in FY16 US248 mn US100 mn totaling 248 mn Mangala Polymer EOR Mangala Polymer Aishwariya Infill EOR completion…
23 FY16 Performance vs. Guidance RJ Production RJ Projects FY16 Guidance: Flat Production vs. FY16 Guidance: Polymer injection - 400 FY15 kbpld; RDG gas production -25 mmscfd Production lower by 3% Polymer injection increased…
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