2014 Cairn India Limited Cairn India Limited CLSA Hong Kong Forum September 2014
2014 Cairn India Limited 3 Agenda Overview Rajasthan Potential and Growth Strategy Mature Assets and Exploration Portfolio Outlook
2014 Cairn India Limited 4 India offers significant E&P growth opportunities Growing Oil Demand with High Import Dependence Untapped Exploration opportunity 8.00 Liquids Production US 400Mn per day 7.00 Liquids Consumption -…
2014 Cairn India Limited 5 Cairn India well positioned for the opportunity World Class Resource Base Assets: Diverse basins, plays and environments Hydrocarbon Initially in Place of 6.1 bn boe Balanced portfolio, 9 blocks, acreage…
2014 Cairn India Limited 6 Delivering consistent growth and value to stakeholders Largest ever Capex Program Unlocking RJ Reducing Discovery to Delivery Cycle Time Potential Expanding Infrastructure Onshore in RJ & Other…
2014 Cairn India Limited 8 Operational excellence across the value chain LTI Frequency Rate No. of days/10,000 feet Leveraging technology to reduce total cost of ownership 0.21 19.9 17.6 0.16 Cairn Top Decile1 Cairn Top…
2014 Cairn India Limited 9 Agenda Overview Rajasthan Potential and Growth Strategy Mature Assets and Exploration Portfolio Outlook
2014 Cairn India Limited 10 Rajasthan - Prolific block with significant upside Block offers multiple formations and play types Significant Potential: 10 bnboe In-Place Akli Gross Hydrocarbons In-Place potential in RJ (billion…
2014 Cairn India Limited 11 Positive exploration results continue to confirm the potential Established 1.2bn boe of HIIP since resumption in 2013; Rajasthan Block - 33 discoveries to date Additional 0.6bn boe discovered and…
2014 Cairn India Limited 12 3 Year Strategic plan to aid world class recovery Key development projects in RJ US 2.4 billion Net Capex 1 MBA Production CAGR 2 of 7-10%1 over the next 3 years Barmer Hill Development RRR of…
2014 Cairn India Limited 13 1 Unprecedented Activity Across MBA Fields In-place hydrocarbons at 2.2 bn boe with EUR of 50%* Cumulative production of over 230mmboe…
2014 Cairn India Limited 14 Polymer flood EOR project activity Equipment for Central Polymer Facility MPT and Well pad modifications
2014 Cairn India Limited 15 2 Initial success achieved in Barmer Hill, scaling up for more Tight Reservoir with high potential In-place Hydrocarbons at 2 bn boe with Major highlights estimated recovery factor of 10-15%…
2014 Cairn India Limited 16 Application of hydraulic fracturing technology at BH A truck injects a Hydrocarbons flow Hydrocarbons mix of sand, water out of the well piped to market and chemicals into the well Truck delivers…
2014 Cairn India Limited 17 3 Significant potential from gas development in Rajasthan RDG field estimated to hold 1-3 Tcf of Gas in-place with estimated recovery factor of over 50% Major Highlights Plan to double gas volumes…
2014 Cairn India Limited 18 Potential gas export pipeline route RGT MBPL 1670 Kms, 30 MMscmd (Proposed) RGT AGI-12 Palanpur Power Plants Fertilizer Units Key factors in route selection Access to best…
2014 Cairn India Limited 19 Rajasthan next growth phase Target 3 Year Reserve Replacement at MBA BH + Satellite fields Gas 150%1 10 20 3 Year Production CAGR of 7-10%2 from 10 30 known discoveries, with flat production 180…
2014 Cairn India Limited 20 US3 Bn net capital expenditure program to fuel growth FY14 A FY15e FY16e FY17e Front ended capex plan- 81% of 3 year net capex to be RJ- MBA (US 1.6Bn) spent in FY15 & US 0.35 bn EOR FY16 (58%)…
2014 Cairn India Limited 21 Agenda Overview Rajasthan Potential and Growth Strategy Mature Assets and Exploration Portfolio Outlook
2014 Cairn India Limited 22 Ravva Maximizing value with 47% recovery Andhra Pradesh 4D seismic technology to identify un-swept oil Seismic survey over time PKGM-1 Sustaining mature asset Cum Production Production, kboepd,…
2014 Cairn India Limited 23 CB sustain production at optimal costs through technology Gujarat CB/OS-2 Gas producing to Oil producing Field Direct opex maintained at optimum level Production, kboepd, mmboe Cum Production…
2014 Cairn India Limited 24 Major exploration activity continues across Indian portfolio India- KG Onshore Block (KG-ONN-2003/1) Onshore Declaration of commerciality for Nagayalanka discovery under MC review Evaluation of…
2014 Cairn India Limited 25 Formulating monetization strategies for International blocks International Offshore Sri Lanka Block 4 wells drilled yielding 2 maiden gas discoveries Discussions ongoing with the Sri Lankan…
2014 Cairn India Limited 26 Agenda Overview Rajasthan Potential and Growth Strategy Mature Assets and Exploration Portfolio Outlook
2014 Cairn India Limited 27 Outlook FY 15 and beyond Remain committed to create long term shareholder value Aggressive Capital Investment program of 3bn by FY17 Earmarked 80% net capex for development projects in RJ Continue…
2014 Cairn India Limited 28 Fact Sheet As Indias largest private sector E&P company accounting for Gross Production: 218,651 bopd, 6% YoY increase FY14 average 30% of the countrys domestic oil production, Cairn India is Oil:…
2014 Cairn India Limited 29 Board members (1/2) Mr. Navin Agarwal Chairman & Non-Executive Director Mr. Navin Agarwal, 53, is the Chairman of Sesa Sterlite Ltd. and Cairn India Ltd., and Deputy Executive Chairman of Vedanta…
2014 Cairn India Limited 30 Board members (2/2) Mr. Naresh Chandra Non-Executive & Independent Director Mr. Naresh Chandra, 79, graduated with Masters degree in Mathematics from Allahabad University. A former civil servant, he…
2014 Cairn India Limited 31 Management team (1/3) Mr. Sudhir Mathur Interim CEO & CFO Sudhir Mathur, was appointed Interim Chief Executive Officer of Cairn India Limited in May 2014, bringing nearly thirty years of senior…
2014 Cairn India Limited 32 Management team (2/3) Mr. Darran Lucas Director, Exploration Darran is a Geology graduate from university of London and MBA from Henley Management College, U.K. and comes with over 30 years of Global…
2014 Cairn India Limited 33 Management team (3/3) Mr. Rich Paces Director, Offshore Rich has over 32 years of substantial experience and expertise in petroleum and reservoir engineering as well as operations and management. He…