3 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% Cairn…
4 Shareholding Pattern Total shares : 1,894 mm P e tro na s 2.6% Ind iv id ua ls (240 mn shares) 12.7% ( 49 mn shares) FI 2.6% MF 2.2% Body Corp 2.1% 0.4% Bank s 0.7% P ro mo te r Ins titutio ns (1,227 mn shares) ( 378…
5 Assets Overview 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 65.566 boepd Cairn (Operator) 70% (working…
6 Rajasthan World Class Resource Base BHAGYAM MBA Mangala, In place volumes - STOIIP N-I-NORTH Bhagyam & SHAKTI Aishwariya fields Total Fields 3.7 billion boe SHAKTI-NE N-I NC WEST OIL & GAS BHAGYAM SOUTH MANGALA MBA…
8 Rajasthan - Upstream Target First Oil H2 2009 Major approvals in place Mangala FDP revision submitted Achieved 2 million man hours worked without a lost time injury Site grading at Mangala Process Terminal (MPT) &…
9 Rajasthan - Midstream (Pipeline) Pipeline construction commenced in June 2008 Shifting of delivery point from Barmer to Gujarat coast approved Completion scheduled for 2009 Construction of sites for heating stations…
10 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…
11 Exploration Overview - 2008 GV-ONN-2003/1 Re-evaluation of RJ-ON-90/1 VN-ONN-2003/1 550 km 2D Seismic/ Q4 prospects and leads 500 km 2D Seismic/ Q3 portfolio, plus new Up to 3 Wells GV-ONN-2002/1 blocks has resulted…
13 Financial Highlights 2007/08 Financial Summary Q1 2007 Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008 Q3 2008 WI based boepd 19,811 19,775 18,871 16,370 18,023 18,764 17,111 Average Realized Price (WI) Gas per mscf () 4.1 4.4…
14 Net Rajasthan Development Capex Summary-2008 & 2009 Costs Sources USDMM Cash Cash available received (1stJan08), from 441 Pipeline, Preferential 537 Allotment*, 625 Upstream, 1,274 Existing debt facility,…
15 Corporate Social Responsibility Partnering with communities to develop Education Infrastructure Health & Economic Development Working with Rajasthan Government and International Finance Corporation (IFC) to develop…
16 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…