3 Holding Structure IPO December 2006 Listed on BSE & NSE in January 2007 Part of NIFTY index, MSCI & DJIT30 Cairn PLC Over 200,000 Indian retail shareholders 62.39% Market Capitalisation USD12 bn Amongst Indias…
4 Existing Operations Rajasthan (RJ-ON-90/1) Total 12 blocks Cairn (Operator) 70% 2 Production Blocks ONGC 30% Gross operated production 69,059 boepd (net to Cairn 24,957 boepd)* Cambay (CB/OS-2) (Ravva, Cambay & RJ) Cairn…
5 Strategy For Sustained Growth Maximise Execute Maximise Identify recovery from Rajasthan Potential in new growth production base development Rajasthan opportunities Successful infill Commenced 3,000 km2 in Barmer New leads in…
6 Rajasthan - Frontier to Producing Basin Frontier Exp. Exploration & Appraisal Development & Production 1995 - 2002 Mangala Mangala Processing Terminal Bhagyam Aishwariya Oil Gas Rajasthan Raageshwari…
7 Transformational Growth Increase in production Gross: 200% Working Interest: 400% 130,000 bopd 200,000 bopd WI Gross 24,939 bopd 69,059 bopd Gross FY 2010 By FY 2012 Production from Mangala Field started on 29…
8 Rajasthan Development Status MPT Production started from Mangala in August 2009, Trains 1 & 2 operational; Train 3 ready *Delivered 4mmbbls to MRPL and RIL via trucking Pipeline sales commenced; delivered to refiners…
9 Rajasthan - Crude Marketing 590 km heated pipeline Sales arrangements in place for 143,000 bopd from MPT to Salaya Mangala With PSU & Pvt. refineries, MRPL, IOC, Reliance and complete; sales commenced Essar Discussions…
10 Mangala 2010 Production Key Enablers 150,000 bopd 143,000 bopd Current Sales 125,000 bopd Arrangement Technical and Development drilling and Reservoir performance Operational confirms deliverability JV Approvals…
11 Rajasthan - Future Resource And Value Potential 6.5 Billion boe 250 Gross Reserves, Gross Initial Resources 1 and Potential In Place 2.5 Billion boe in 35+ prospects Most Likely 2 140 Volumes Prospective Risked…
12 Rajasthan - Vision to Produce 240,000 bopd Gross Initial In Place Volumes (6.5 billion boe) 2.5 bn boe Vision to produce 250 240,000 bopd* Additional Production* 1.9 bn boe 140 2P+2C Approved 2.1 bn…
13 Rajasthan - Vision For Growth Mangala Processing Terminal Target Reservoir Performance MBA Technical and EOR Pilot Implementation Potential FDP Operational BH Pilots and Development Production Approved Exploration and…
14 Exploration Programme RJ-ONN-2003/1 1 to 3 wells RJ-ON-90/1 2 exploration wells KG-ONN-2003/1 Up to 5 exploration wells 2010 INDIA RAVVA GS-OSN-2003/1 Appraisal & 1 well, drilled exploration plans…
15 Rajasthan - Funding USD billion Capex Gross Net Financed By Net Cash/(Net Debt) (0.1) Exploration (till 2006)* 0.61 0.57 (31st Dec09) Development Existing debt facility 1.60 CY 2007 0.31 0.22 CY 2008 & 2009 1.76 1.23…
16 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…
17 Summary Rajasthan Started production Mangala field dedicated to the Nation Delivered to PSU & Private refiners Pipeline sales commenced; allows access to multiple buyers Increased delivery, consistent cash flow Enhanced oil…
20 Rajasthan Block - Exploration Portfolio Growth Risked portfolio grown from 35 to 250mmboe, with significant Total Acreage 3,111 km2 upside potential Oil (75%): Gas (25%) Detailed Block Re-evaluation Major update on…
21 Rajasthan Resources - EOR Chemical EOR Polymer and ASP Schematic Increased reserves Better sweep efficiency Better displacement efficiency 175,000 Initial targeted EOR bopd plateau production Potential to extend and…
22 Rajasthan Resources - Barmer Hill Barmer Hill and other fields STOIIP- 1.9 billion boe Barmer Hill analogous fields recovery factors - 7 to 20% Gross recoverable resource estimated at 140 mmboe Discovery wells tested in…
23 Exploration - Sri Lanka Block (SL 2007-01-001) Contract effective 18th October 2008 Cairn Lanka 100% Working Interest (NOC back- India in 15%) Block Area: 3000 km2 Water depth: 400-1900m Extension of proven hydrocarbon…