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 Cairn India - Highlights Rajasthan on track for first commercial production H2 2009 Resource potential to support plateau production of 175,000 bopd from Mangala, Bhagyam and Aishwariya (MBA) fields in Rajasthan Resource…
5 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 (working interest 18,764 Cairn…
6 Rajasthan World Class Resource Base Rajasthan block including Mangala, the BHAGYAM N-I-NORTH MBA Mangala, Bhagyam & largest oil discovery in India since 1985 SHAKTI Aishwariya fields SHAKTI-NE 3.7 billion STOIIP N-I NC…
8 Mangala - Oil In Place Growth Mangala STOIIP December 2007: Mangala resources update submitted to mmbbls Director General Hydrocarbons, Government of India 1500 1400 1300 P50=1293 1200 P50=1202 Pre STM 3D Seismic, PHIE,…
9 Rajasthan - Upstream Target First Oil H2 2009 Major approvals in place Civil works commenced Major contracts awarded Road construction Civil Construction for Mangala Pumps (various) Drilling rigs Main construction…
10 Rajasthan Midstream - Pipeline Pipeline construction commenced June 2008 Bhatinda Panipat Shifting of delivery point from Barmer to Gujarat DELHI coast approved Completion scheduled for 2009 Mathura Rajasthan Mangala…
11 MBA Fields - Enhanced Oil Recovery (EOR) EOR Potential: 300 mmbbls Improvement in Recovery Efficiency 50 Enhanced Oil Recovery Objective 45 Extended or enhanced production plateau 40 Recovery Factor % Reduced water…
12 2008 Exploration Overview GV-ONN-2003/1 Re-evaluation of RJ-ON-90/1 VN-ONN-2003/1 550 km 2D Seismic/ Q4 500 km 2D prospects and leads Seismic/ Q3 Up to 3 Wells portfolio, plus new GV-ONN-2002/1 blocks has resulted in a…
13 Financial Highlights 08S0245BG24
14 Financial Highlights 2007/08 Revenue in 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 8…
15 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…
16 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…
17 Summary First oil from Mangala on schedule for H2 2009 Rajasthan growing resource base with long term growth potential MBA potential plateau gross production 175,000 bopd EOR for MBA : potential for plateau extension and…
18 Mangala Development Scheme Well Pads, Well Technology, MPT Process Terminal 08S0245BG24
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