1 Cairn India Corporate Overview September 2008 08S0245BG24
3 Cairn Group Structure Cairn Energy PLC Listed on London Stock Exchange Non-exec Chairman Norman Murray CEO Sir Bill Gammell FD Jann Brown ExpD Dr Mike Watts Other 65% 90% Petronas DYAS Shareholders 22.3% 12.7% 10%…
4 Cairn India - Highlights Rajasthan on track for first commercial production H2 2009 Resource potential to support plateau production of 175,000 bopd from Mangala, Bhagyam and Aishwariya (MBA) fields in Rajasthan Resource…
5 Overview of Assets Total 14 blocks Rajasthan Exploration (RJ-ON-90/1) 2 producing: Ravva and Cairn (Operator) 100% CB/OS-2 Rajasthan Development Operated gross field Cairn (Operator) 70% production 71,082 boepd (working…
6 Rajasthan World Class Resource Base Rajasthan block including Mangala, BHAGYAM N-I-NORTH MBA Mangala, the largest oil discovery in India since SHAKT I Bhagyam & SHAKTI-NE Aishwariya 1985 N-I fields NC WEST OIL & GAS…
8 Mangala - Oil In Place Growth Mangala December 2007: Mangala resources update submitted STOIIP to mmbbls Director General Hydrocarbons, Government of India 1500 1400 1300 P50=1293 1200 P50=120 Pre STM 3D Seismic, PHIE,…
9 Rajasthan - Upstream Target First Oil H2 2009 Major approvals in place Civil works commenced Major contracts awarded Road construction Pumps (various) Drilling rigs Civil Construction for Mangala Main construction…
10 Rajasthan - Midstream Pipeline Pipeline construction commenced June 2008 Shifting of delivery point from Barmer to Gujarat coast approved Completion scheduled for 2009 Construction of sites for heating stations underway…
11 MBA Fields - Enhanced Oil Recovery (EOR) EOR Potential: 300 mmbbls Potential Optimisation Enhanced Oil Recovery Objective Potential Delivery with EOR Extended or enhanced production plateau FDP Production Plateau…
12 2008 Exploration Overview GV-ONN-2003/1 Re-evaluation of RJ-ON-90/1 VN-ONN-2003/1 550 km 2D Seismic/ Q4 prospects and leads 500 km 2D Seismic/ Q3 Up to 3 Wells portfolio, plus new GV-ONN-2002/1 blocks has resulted…
13 Financial Highlights 08S0245BG24
14 Financial Highlights 2007/08 Revenue in MM ** Financial Summary 120 Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 105 100 WI based boepd 19,811 19,775 18,871 16,370 18,023 18,764 85 30 80 74 76 Average Realised Price 67 19 62 8…
15 Gross Rajasthan Development Cost Summary USD MM Cumulative Costs Particulars Total till 2007 ( 2008 + 2009) 286 Upstream Total 1,820 22 Pipeline 767 308 Total (Upstream+Pipeline) 2,587 216 Cairn Net 70% 1,811…
16 Sources of Funds (2008 - 2009) Particulars USD MM Cash availability as at 1st Jan 2008 441 Existing debt facility 850 Underwriting commitment for additional debt 550 facility Plus : Cash generation from operations…
17 Summary First oil from Mangala on schedule for H2 2009 Rajasthan growing resource base with long term growth potential MBA potential plateau gross production 175,000 bopd EOR for MBA : Potential for plateau extension and…
Loading...
