Focus on Materiality Dr Mike Watts, Group Deputy Chief Executive Sanford Bernstein Conference, London, September 2009 Discovering hidden value through entrepreneurial exploration Discovering hidden value through entrepreneurial…
CAIRN - OVERVIEW Early entry positions Papua New Guinea South Asia: Greenland Bangladesh, India and Nepal Greenland Focus on materiality India Head Office South Asia Geological potential Edinburgh Bangladesh, Nepal, Sri…
CAIRN GROUP - OPERATIONAL FINANCIAL FLEXIBILITY Strong balance sheet Net cash at end of June 2009 630 million Rajasthan cash flows provide platform for future growth Reinvestment opportunities in Rajasthan, Greenland and across…
CAIRN - OPERATIONAL FOCUS South Asia Rajasthan 3.5 billion boe in place discovered, further upside being evaluated Currently approved peak plateau production 175,000 bopd, with scope and potential to increase At current oil…
CAIRN - EXPLORATION IN SOUTH ASIA Major long term player in India Successful exploration: 40 discoveries in the last 10 years Rajasthan 3 of 7 landmark discoveries since 2000 BANGLADESH Drilling success ratio 40% Cambay…
CAIRN - DELIVERY IN SOUTH ASIA Operated production Sangu, Bangladesh Ravva, India CB/OS-2, Cambay basin India Rajasthan, India, under construction including 670 km pipeline Fast track developments Low cost operator Sangu opex…
RAJASTHAN - OVERVIEW Total Rajasthan acreage of 3,111 km2 Cairn India (70%) and ONGC (30%) Project cost (including pipeline) of 4 billion, 2 billion spent to date Discovery to production 5 years Project of national importance:…
RAJASTHAN - BUILDING FOR GROWTH * Flexibility to cater for Current potential Government future growth * Subject to Current Approved additional Government Production investment and Approved Capacity Government Production…
RAJASTHAN - MBA PRODUCTION CAPACITY AND GROWTH MPT four processing trains; with planned production capacity 205,000 bopd targeted completion 2011 Schematic Further Potential Initial targeted MBA 175,000 MBA Enhanced Oil Recovery…
RAJASTHAN - CRUDE OIL MARKETING Highest realised price maximises Government of India (GoI) take and royalty Bhatinda for Government of Rajasthan Mangala Panipat DELHI Access to 75% of Indias refining capacity Rajasthan…
RAJASTHAN - FUTURE RESOURCE AND VALUE POTENTIAL Focus on Potential Unrisked Unrisked Basin maximising value Growth Prospective Prospective Oil and Gas through strategic Resources In Place prioritisation of Contingent STOIIP…
GREENLAND - OVERVIEW Baffin Bay North East Greenland Cairn Blocks Bid Round Bid Round 2012 USGS places Greenland in 2010 Cairn Prospecting Licence Wells the top ten yet to find Disko blocks Baffin Bay Basin hydrocarbon…
GREENLAND - ONGOING WORK PROGRAMME Baffin Bay Basin 2008 Disko Seismic survey 2009 Seismic interpretation underway 2012 Licensing Prospects and leads inventory Round CSEM, well site and multi beam surveys Gradiometric gravity and…
BAFFIN BAY DISKO AREA Potential Hydrocarbons Generated Cairn (Op) 87.5% Nunaoil 12.5% GREENLAND Baffin Bay Baffin Basin Basin Baffin Bay Qaarsut and sub-basins Sigguk 1 GRO-3 Baffin Bay GREENLAND Exxon, Chevron, Eqqua Dong,…
REST OF GROUP - MEDITERRANEAN Tunisia Louza (Capricorn 100%) Exploration well 2010 20 million bbls unrisked prospect ALBANIA Nabeul (Capricorn 50%) JONI-5 Exploration well 2012 30 million bbls unrisked prospect NABEUL…
REST OF GROUP Carbonate Reef Build Up Play in Albania and Papua New Guinea Albania Rovesti Joni-5 Joni-5 prospect Aquila Falco prospect Medusa 3D seismic 2009 Giove Exploration well 2010/11 ITALY Unrisked 130 million…
REST OF GROUP - IRAQ SECOND BID ROUND 43 companies qualified for 2nd Round 14 green field projects targeting 40 billion bbls + 17 Tcf of reserves Iraqi Government presented 2nd round qualifiers in Istanbul Aug 25, 2009 Data…
CAIRN - BUILDING FOR GROWTH Early entry positions Focus on materiality Delivery of shareholder value Operational focus on frontier and high reward potential areas in India and Greenland 09S0058IE00 Discovering hidden value…
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