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 Overview of Assets Total 14 blocks Rajasthan Exploration (RJ-ON-90/1) 2 producing: Ravva and CB/OS-2 Cairn (Operator) 100% Operated gross field Rajasthan Development production 71,082 boepd Cairn (Operator) 70% (working…
5 Rajasthan World Class Resource Base BHAGYAM N-I-NORTH MBA Mangala, In place volumes - STOIIP Bhagyam & SHAKTI Aishwariya fields Total Fields 3.7 billion boe SHAKTI-NE N-I NC WEST OIL & GAS BHAGYAM SOUTH MANGALA MANGALA…
7 Rajasthan - Upstream Target First Oil H2 2009 Major approvals in place Civil works commenced Site grading work at Mangala Processing Terminal (MPT) 90% complete in priority areas Major contracts awarded Road construction…
8 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…
9 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 Plateau Enhancement * Reduced…
10 2008 Exploration Overview GV-ONN-2003/1 Re-evaluation of VN-ONN-2003/1 550 km 2D Seismic/ Q4 prospects and leads RJ-ON-90/1 500 km 2D portfolio, plus new Up to 3 Wells Seismic/ Q3 blocks has resulted in GV-ONN-2002/1…
11 Financial Highlights 2007/08 Revenue in USD 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…
12 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…
13 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 facility 550 Plus : Cash generation from operations…
14 Corporate Social Responsibility Partnering with communities to develop Education Infrastructure Health & Economic Development Working with Rajasthan Government and International Finance Corporation (IFC) to develop…
15 Summary First oil from Mangala on schedule for H2 2009 Rajasthan growing resource base of over 800 mmboe net with growth potential MBA potential plateau gross production 175,000 bopd EOR for MBA : Potential for plateau…