CAIRN INDIA Corporate Presentation S t b 2009 September
3 Cairn India Overview IPO in December 2006 Listed on BSE & NSE Part of NIFTY index Over 250,000 Indian retail shareholders Market capitalization of US10bn (as on September 16, 2009) Amongst Indias top 25 companies by…
4 Cairn India Operations Rajasthan (RJ-ON-90/1) Total 13 blocks Cairn (Operator) 70% 2 Production Blocks ONGC 30% Gross operated production 59,461 boepd*(net to Cairn Cambay (CB/OS-2) 15,917 boepd) Cairn (Operator) 40% (Ravva &…
5 Cairn India - Delivery Operated O t d production d ti Ravva, India CB/OS-2, Cambay basin India Rajasthan, R j h IIndia, di under d construction i including 670 km pipeline Fast track de developments elopments Low cost…
6 Cairn India - Strategy For Sustained Growth Maximise Execute Maximise Identify recovery from Rajasthan Potential in new growth production base development Rajasthan opportunities Successful drilling - Commenced 3,000 km2 under…
7 Overview - Transformational Growth 200,000 bopd G Gross Increase in production Cairn India Gross: 200% production including Working Interest: 600% peak output from Mangala, Bhagyam and Aishwariya fields 59,461bopd…
8 Rajasthan Growing Reserves and Resource Base Total Basin Reserves and Resources The 3 MBA Fields 22 Other fields (inc Barmer Hill) Fatehgarh reservoir Ongoing work to monetise Saraswati, 2 billion boe resource and…
9 Rajasthan Development Overview Shakti N-I-North Shakti NE Rajasthan: 25 discoveries Development Area-2 Awarded: Nov 2006 NC West Oil and Gas Area: 430 km2 N-I MANGALA 3,000 km2 approved Development Area BHAGYAM Mangala…
10 Rajasthan - Integrated Evacuation Facilities MPT and Well Pads M Mangala l 1 x 30 kbopd processing train: Completed & Ready Bhagyam 2 x 50 kbopd processing trains: Aishwariya 1st in end 2009 & 2nd in H1 2010 Intra-field 1…
11 Rajasthan Development Status P Production d ti started t t d from f Mangala M l Field Fi ld in i August A t 2009, via Train 1 processing facilities Use of latest drilling and completion technology to create high rate…
12 Rajasthan - Pipeline W World's ld' longest l t heated h t d and d iinsulated l t d Total Pipe Diameter 790 mm (32) pipeline 670 km with heating stations and storage terminals High Density Polyethylene Wrap 30…
13 Rajasthan Resources - EOR Chemical EOR Polymer and ASP S h Schematic ti Increased reserves Initial targeted EOR Better sweep efficiency 175,000 b d bopd plateau production p p Potential to Better displacement efficiency…
14 Rajasthan Resources - EOR Analogue Fields Daqing - ASP Pilot Performance Analogue Field Performance Incrremental Reccovery, % ASP pilots in two large oil fields in China (Daqing and Shengli) indicate incremental recovery…
15 Rajasthan Resources - Barmer Hill & Small Fields Barmer Hill Potential STOIIP 400 mmbbls Low permeability reservoir Further technical studies underway fracture stimulation required Wells tested in Mangala g and Aishwariya y…
16 Rajasthan Crude - Marketing Schematic Map Access A tto 75% off IIndias di refining fi i capacity it Bhatinda Mangala Panipat Extensive delivery infrastructure DELHI Rajasthan GoI has nominated three buyers for the…
17 Exploration Past and Future Growth Major long term player in India Successful Exploration: Over 40 discoveries in last 10 years 3 of 7 landmark discoveries since 2000 Success ratio 40% Cairn Rajasthan Large L…
18 Exploration - Ongoing Programme RJ-ONN-2003/1 VN-ONN-2003/1 GV-ONN-2003/1 GV-ONN-2002/1 2 to 4 wells Finish processing of Complete 550 km 2D Complete drilling 2D seismic. Decision seismic; processing operations, decision on…
22 Rajasthan Funding Estimated Costs USD billion Financed By USD billion 2008 and 2009 Cash available 0.4 Gross 2.0 (1st Jan08) Upstream 1.2 Cash flow from operation in 2008 0.2 Pipeline 0.8 Preferential allotment 0.6 Net to…
23 Rajasthan Engaging With The Community Strategic Intent: Proactive engagement with stakeholders Demonstrate leadership in corporate citizenship Partnering with communities through our principles of respect, relationship and…
24 Cairn India - Summary R Rajasthan j th Focused on delivery and growth World class resource base Enhanced oil recovery potential Pipeline route allows access to multiple buyers Large volume on long term basis Increased…