Investor Presentation June 2009 Discovering hidden value through entrepreneurial exploration Discovering hidden value through entrepreneurial exploration
Cairn Group - Overview India Building a substantial business: Greenland Papua New Guinea Rajasthan on plateau will generate 20% of Indias domestic oil production Greenland Early entrant in an opening India world class…
Cairn Group Early Entry Strategy INDIA Exploration wells drilled by the Seven Sisters oil majors 1880 1991 SE Asia India 8,000 wells 12 wells Wood MacKenzie IRAQ Qualified for Second Bid Round GREENLAND Exploration wells…
Cairn Group - Business in South Asia NEPAL Rajasthan BANGLADESH INDIA Lakshmi Sangu & Gauri Ravva Development & Production SRI LANKA Cairn / Capricorn Blocks 09S0044FE00 Discovering hidden value through…
Cairn Group - Finance Sources Uses 2009 India Total 970m 2008 Year End position Cash on balance sheet 1.4 billion Development / Since year end Producing Exploration / Other Appraisal PLC placing 0.161 billion 95% 1% 4%…
India Discovering hidden value through entrepreneurial exploration Discovering hidden value through entrepreneurial exploration
India - Assets Rajasthan Exploration (RJ-ON-90/1) Total 14 blocks Cairn (Operator) 100% 2 Production Blocks Rajasthan Development Operated gross field production 63,000 boepd Cairn (Operator) 70% (net to Cairn 16,500 boepd) ONGC…
Rajasthan - Background Rajasthan Production Sharing Contract (PSC): Signed 1995 by Shell 100% Cairn acquired 10% interest in 1997 through the Bangladesh transaction Guda discovery 1998 Cairn increased interest to 50% 1999…
Rajasthan - Overview Rajasthan 25 discoveries Bhagyam Mangala MPT 3 largest fields Mangala, Bhagyam and Aishwariya (MBA) under phased Aishwariya development Water System Saraswati, Raageshwari Oil and Raageshwari Gas also…
Rajasthan - Growing Reserves and Resource Base Total Basin Reserves and Resources The 3 MBA Fields 22 Other fields (Mangala, Bhagyam and Aishwariya) (inc Barmer Hill) Fatehgarh reservoir Ongoing work to monetise Saraswati, 2…
Rajasthan - Growing Resource Base MBA Production profile with secondary recovery by water flood Schematic Initial targeted EOR 175,000 plateau potential to MBA Enhanced Oil Recovery (EOR) bopd production extend and potential…
Rajasthan - MBA Production Capacity and Profile Mangala Processing Terminal (MPT) four processing trains; with production capacity 205,000 bopd, targets: Train 1 (30,000 bopd capacity) mechanically complete, ready to commission and…
Rajasthan - Upstream Construction Upstream phased development making good progress 6,000 workforce Train 1 (30,000 bopd capacity) mechanically complete, ready to commission and start production Development of key elements to…
Rajasthan - Mangala Train 1 09S0044FE00 Discovering hidden value through entrepreneurial exploration 15
Rajasthan - Upstream Construction 09S0044FE00 Discovering hidden value through entrepreneurial exploration 16
Rajasthan - Upstream Construction 09S0044FE00 Discovering hidden value through entrepreneurial exploration 17
Rajasthan - Pipeline Construction 09S0044FE00 Discovering hidden value through entrepreneurial exploration 19
Rajasthan - Crude Sales Highest realised price maximises Government of India (GoI) take and royalty for Government of Rajasthan GoI agreed to shifting of Delivery Point GoI agreed to nominate multiple buyers Finalise / Agreement…
Iraq 09S0044FE00 Discovering hidden value through entrepreneurial exploration Discovering hidden value through entrepreneurial exploration
IRAQ - Licensing Round Qualifiers Qualifiers for the First and subsequent rounds Qualifiers for the Second and subsequent Rounds: BHP Billiton Marathon OJSC Rosneft BP Mitsubishi OAO Tatneft Chevron Nexen JSC Kaz Munai Gas Expl.…
Greenland Discovering hidden value through entrepreneurial exploration Discovering hidden value through entrepreneurial exploration
Greenland Key emerging Arctic province Political World class resource potential Risk Favourable access to Atlantic markets Vastly underexplored 6 wells in west Greenland in an area three times the size of the North Sea…
Greenland Greenland is a world top 10 country for yet to find hydrocarbons USGS 1996 Saudi Arabia Russia Iran Brazil Iraq Greenland Nigeria Kazakhstan Venezuela Mexico Norway USGS (July 2008) risked mean estimate for…
Greenland - Drilling History GRO-3 1996 Wellname 6 Offshore wells Gronartic Year 1 Onshore well Qaarsut Operator SIGGUK Land 64 Days Rig Type Only two incidents of rig moving off Days on location EQQUA Exxon, Chevron,…
Greenland - Future Programme Target Government Licensing Rounds exploration 2010 & 2012 Ice management drilling studies 2009 & 2010 programme GREENLAND 2011 East Greenland Disko West 4,200 km Reconnaissance Ilulissat Seismic…
Greenland - Baffin Basin Disko West Total Area: 23,024 km2 Water Depths 260m to 1,000m Planned 2009 Survey along potential 7,130 km 2D Seismic completed 2008 pipeline route Qaarsut GRO-3 GREENLAND Cairn (Op) 87.5% Nunaoil…
Greenland - Seismic Acquisition 2008 2D Seismic acquired - 10,191 km 2008 Sigguk Seismic G Tertiary Fan Complex Tilted Fault Block 50 Km 09S0044FE00 Discovering hidden value through entrepreneurial exploration 30
Concluding Remarks India Building a substantial business: Rajasthan on plateau will generate 20% of Indias domestic oil production Greenland Early entrant in an opening world class frontier province Corporate Financial and…
Appendix 09S0044FE00 Discovering hidden value through entrepreneurial exploration Discovering hidden value through entrepreneurial exploration
Cairn Group - Structure 5% PLC Placing raised 161 million (2009) Cairn Energy PLC Listed on London Stock Exchange (1988) Other Shareholders 65% 90% DYAS 35% 10% Cairn India (CIL) Capricorn Listed on Bombay & National…
Investor Relations contacts David Nisbet Louise Burgess Group Corporate Affairs Investor Relations and Communications Assistant E-mail: E-mail: david.nisbetcairnenergy.com louise.burgesscairnenergy.com Tel: +44 (0)7711 146 068…
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