Investor Presentation March 2015 Delivering value from discovery and development
Investor Presentation, March 2015 3 Strategy Focus on potentially world class asset in Senegal Creating growth 2015 fully funded Appraisal and Exploration programme through exploration Future material exploration in emerging and…
Investor Presentation, March 2015 4 India Currently unable to access value of 10% residual shareholding in Cairn India Limited Cairn notes BJP Government and Ministerial comments about impact of Retrospective Legislation and…
Investor Presentation, March 2015 5 Group Funding 870m cash at 31 December 2014 575m seven year Reserve Based Lending bank facility (remains undrawn) 2015 indicative exploration and appraisal (E&A) programme of 185m* Senegal,…
Investor Presentation, March 2015 6 Capital Expenditure 2015 Exploration & Appraisal 2015 2017 Catcher and Kraken Capex 185m* Development Capex 590m Other UK & Catcher 15m Norway 145m 35m 445m 135m West Africa Kraken…
Investor Presentation, March 2015 7 Finance Summary Fully funded to deliver our exploration, appraisal and development programme Advantageous time to invest in Senegal appraising a low breakeven and large resource base, falling…
Investor Presentation, March 2015 8 Creating Growth Through Exploration Significant acreage positions with technical and commercial value Range of opportunities with appropriate spectrum of risk Material discoveries and…
Investor Presentation, March 2015 9 Senegal Active 2015 Appraisal and Exploration Programme Proven hydrocarbon system in new Atlantic Margin basin Mauritania Analysis of both discoveries ongoing Evaluation of forward programme…
Investor Presentation, March 2015 10 Senegal Discovery Well SNE-1 Potentially the worlds largest oil discovery in 2014 Water depth 1,100 metres (m) Oil bearing column 95m Cretaceous clastic Shelf Edge Play SNE-1 Net oil and gas…
Investor Presentation, March 2015 11 Senegal Forward Programme SNE-1 OWC GOC Ongoing analysis of rock and fluid samples, well log data Remapping field boundaries and surfaces Seismic reprocessing and reservoir modelling…
Investor Presentation, March 2015 12 Senegal Discovery Well FAN-1 FAN-1 W E Water depth 1,427m Hydrocarbon bearing interval 500m Multiple stacked deepwater Cretaceous fan sands Net oil bearing reservoirs 29m Gross Oil (STOIIP)…
Investor Presentation, March 2015 13 Senegal Forward Programme FAN-1 Ongoing analysis of rock and fluid samples, well log data Seismic reprocessing and reservoir characterisation Remapping of the field boundaries and surfaces…
Investor Presentation, March 2015 14 Senegal Future Exploration Programme Confirmation of the source rock and burial history from new data Remapping of the key reservoir and source intervals Redefining the basin model Redefining…
Investor Presentation, March 2015 15 Senegal From Discovery to Development Evaluation programme aims to confirm volumes, boundaries and productivity Development concept SNE Field Standalone FPSO Hub with potential integration of…
Investor Presentation, March 2015 16 Western Sahara, Cap Boujdour Al Khayr Well Kosmos (Operator) 55%, ONHYM 25% and Cairn 20% Atwood Achiever Basin opening Al Khayr 1 well Kosmos operated drillship Atwood Achiever Water depth…
Investor Presentation, March 2015 17 UK and Norway Developments and Exploration in Mature & Emerging Basins Barents Sea 3 Field developments Catcher (20%), Kraken (25%) and Skarfjell (20%) Norwegian Sea First oil 2017 from…
Investor Presentation, March 2015 18 UK and Norway Catcher Premier (Operator) 50%, Cairn 20%, MOL 20% and Dyas 10% Development Schematic Construction of the FPSO hull commenced Q1 2015 Project continues to progress on schedule and…
Investor Presentation, March 2015 19 UK and Norway Kraken EnQuest (Operator) 60%, Cairn 25% and First Oil 15% FPSO deck construction FPSO construction continues in Singapore and fabrication of main process modules has started…
Investor Presentation, March 2015 20 Future Operations Schedule 2015 2016 2017 Senegal, Sangomar Deep 3D Seismic Appraisal Exploration FAN-1 and SNE-1 Western Sahara, Cap Boujdour Exploration Al Khayr North Sea…
Investor Presentation, March 2015 21 Strategic Delivery Business well funded through to sustainable cash flow from 2017 India Balanced portfolio - appropriate equity interests and size of company in current environment…
Investor Presentation, March 2015 22 Contacts David Nisbet Kate Trevenen Group Corporate Affairs Investor Relations Co-ordinator E-mail: E-mail: david.nisbetcairnenergy.com kate.trevenencairnenergy.com Tel: +44 (0)7711 146 068…
Loading...
