Overview Fully funded to deliver balanced exploration and development programme through to free cash flow from 2017 Disciplined allocation of capital: Active drilling programme over the next twelve months Future exploration…
India Cairn continues to seek resolution to the tax issue in India and will take all measures to protect shareholders interests While interactions are ongoing with the Indian Income Tax Department, Cairn is currently unable to access…
Strategic Delivery Core development/production projects deliver strong returns and underpin a sustainable strategy Catcher and Kraken on track for first oil from 2016/2017, with peak net (to Cairn) production of 25,000 boepd* At…
Funding Update Group cash at 30 September 2014 of US953 million (m) 575m seven year Reserve Based Lending bank facility (currently undrawn) 300m* H2 2014 capex (development and exploration) 110m* indicative exploration programme…
Capital Expenditure Total capex 2014 470m * (H1 170m; H2 300m) 2014 2015 Morocco West Africa Senegal Cap Boujdour Frontier Exploration 285m Cap Boujdour (split 2014 / 2015) 20m (split 2014 / 2015) Skarfjell appraisal West…
Future Organisation Reduced Cost Base Implementation of the Group reorganisation started following staff consultation process Retaining core E&P technical skill base and senior management expertise to deliver the forward programme…
Cairn Focus Areas and Assets Prospect generation and value realisation remain the core principles Must be technically and commercially attractive Greenland Exploration efforts focussed on three main areas: Norway Overlooked plays…
North West Europe Expanded Regional Presence Core developments, active drilling programme and Barents Sea PL393B trading of assets, expansion to new areas 7125/4c, 7125/5b PL758 6508/1, 6608/10, Licence rationalisation focus on…
North West Europe UK Developments Kraken Cairn 25%, EnQuest (Op) 60% and First Oil 15% Development Plan Booked 2P reserves of 29.5 mmboe 400m of Heavy Oil Field Allowances available to Cairn Carry of 150m - 240m based on reserve…
North West Europe UK Developments Catcher Cairn 30%, Premier 50% (Op) and MOL 20% Booked 2P reserves of 26.6 mmboe, with further potential in the area Catcher, Burgman and Varadero fields should each qualify for the Small Field…
Atlantic Margin - North West Africa Selective Frontier Portfolio Senegal Cairn operator 40% WI, Petrosen 10% WI, FAR 15% WI, ConocoPhillips 35% WI Mauritania Proven hydrocarbon system Senegal Acreage 7,490 km2 Substantial…
Atlantic Margin - North West Africa Senegal Fan and Shelf Wells FAN-1 Mesozoic Shelf Proven working hydrocarbon system and opening of new basin Discovered 29m of net oil bearing reservoir in Cretaceous sandstones No water contact in…
Senegal Pre-Drill Summary Deepwater Fan Exploration Well FAN-1 Total Acreage Spain W Proposed Well Location E 7,490km2 Rufisque Wells Sangomar Deep (1968-72, Esso) Rufisque North Fan Exploration Well Senegal Morocco Cairn…
Senegal Pre-Drill Summary Shelf Edge Exploration Well SNE-1 Sangomar Deep Total Acreage Shelf Edge Exploration Well SNE-1 7,490km2 Senegal Cairn Volumetric Estimates Gross Mean Unrisked Prospective Resource Spain Shelf Edge (Albian…
Atlantic Margin - North West Africa Selective Frontier Portfolio Cap Boujdour Awarded in 2011 Cap Boujdour Acreage 5,100 km2 3D seismic survey underway 22,000 km2 MOROCCO Cap Boujdour-1 well targeted to commence Q4 2014 Cairn…
Cairn Current and Future Operations At Least Four Wells 2014 2015 2016 Senegal, Sangomar Deep Exploration 3D Seismic Appraisal FAN-1 & SNE-1 Morocco, Cap Boujdour 3D Exploration Al Khayr Seismic Malta, Area 3 2D 3D…
Forward Programme Funded to deliver current programme India; seeking resolution of tax issue Create Disciplined capital allocation Value Explore Discover Invest Acquire Future exploration capex focused on emerging and mature…
Appendix Investor Presentation, November 2014 20
Cairn Energy Areas of Operations NW Europe and Reserves and resources (on a net working interest basis) A total of 56.1 mmboe were booked North Atlantic; as 2P Reserves at 30 June 2014 UK, Norway and Ireland Listed London Stock…
Current Assets and Investments Ireland Spanish Point and Burren FEL 2/04 38 licences held in the UK and FEL 4/08 and FEL 1/14 Norwegian sectors of the North Sea including: Norway UK Skarfjell Kraken 9/2b 35/8 & 35/9 Catcher 28/9…
Partnerships Past and Present India ONGC Petrocon Ravva Oil (Marubeni) TATA ENI Morocco Shell ONHYM Bangladesh Genel Santos International San Leon Energy Holdings Pty Ltd Longreach Oil and Gas HBR Energy Kosmos Energy Bangladesh…
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