Discovering Hidden Value World Oil & Gas Assembly November 2007 Hyderabad 07S0185KE00 07S0185KE00 1
Discovering Hidden Value - Talk Outline Cairn Story Cairn Evolution - Cairn India & Capricorn Group Overview Production & Rajasthan forecast Personal Odyssey Why South Asia Why India Under explored History Tertiary Basins -…
CAIRN EVOLUTION Founder & CEO of Cairn South Asian Strategy - Mike Watts Sir Bill Gammell Holland Sea Search - listed Amsterdam listed London (1988) Command - listed Sydney Cairn Corporate acquisitions Holland Sea Search 1995…
CAIRN GROUP OVERVIEW Cairn Energy PLC LSE New Investors 31% New Investor 10% 69% 90% (Petronas 10%) (DYAS) 1.98 billion 90 million Cairn India (CIL) Capricorn Energy BSE / NSE Asset Base: Asset Base: Bangladesh - E&P…
CAIRN - 2006 PRODUCTION & RAJASTHAN 2010 TARGET Total Operated Production 105,029 boepd Rajasthan Total WI 42,100 boepd Expected Total Net Entitlement 27,300 boepd 150,000 boepd NE PA DELHI L * * KATHMANDU SANGU…
CAREER ODYSSEY UNCOVERING HIDDEN VALUE 1986 2002 NEPAL PAKISTAN Cairn Burmah / Premier Qadirpur 1992 Unexplored Indus floodplain NE BANGLADESH PA L HSS / Cairn PAKISTAN Sangu 1997/2002 No competition INDIA INDIA…
WHY SOUTH ASIA Fundamental geology favours hydrocarbons Inversion Compressional Tectonics Tectonics Pre collision & post collision Extentional geology Tectonics Oil & gas seeps Business edge Industry myth preponderance…
WHY INDIA Fundamental geology favours hydrocarbons Under-explored & limited western competition BANGLADESH NE PA L Mainly Tertiary basins INDIA 26 Basins - 3.1 million km2 Proven Commercial Productivity in 7 basins…
WHY INDIA Under explored Number of exploration wells drilled by the Seven Sisters oil majors 1880 1991 SE Asia India Wood MacKenzie 8000 wells 12 wells ONGC & OIL were the only two state owned companies in E&P until early…
WHY INDIA Generalised oil industry history of India Early History Nationalisation GoI Small Fields Policy NELP era Open Policy Dominated by 25 National Oil companies Fledgling Liberalisation Continued Liberalisation Partial…
WHY INDIA Tertiary Basins with world class marine reservoirs - Ravva 10000 RAVVA 1000 Permeability (md) 100 10 1 0.1 0.01 0% 5% 10% 15% 20% 25% 30% 35% Porosity RAVVA GEOLOGICAL MODEL Beach Barrier Complex &…
WHY INDIA Rajasthan Block B World class oil discoveries in Rajasthan - First Oil in 2009 146 wells drilled, RJ-ON-90/1 November 2007 24 discoveries to date M 4 fields currently under development A Mangala, Aishwariya,…
WHY INDIA Tertiary Basins with world class fluvial reservoirs - Rajasthan 100000 MANGALA 10000 Aishwariya 1000 Mangala Permeability 100 10 1 0.1 0.01 0 5% 10% 15% 20% 25% 30% 35% 40% Porosity Bhagyam…
WHY INDIA Rajasthan Development Concept Low risk development Known technology Only 22 wells to first oil Bhatinda Panipat Shallow depths Rigs under contract DELHI Reservoir connectivity Good reservoir quality Rajasthan Mathura…
WHY INDIA Value Added Potential for Enhanced Oil Recovery (EOR) Improvement in Recovery Efficiency Laboratory Core Flood Experiments P1 1.00 0.90 P1 OIL SATURATION completed for Mangala and Bhagyam I1 P2 I1 P2 0.80 I2…
WHY INDIA Potential Plateau Extension & Reserve Addition through EOR of MBA fields The MBA fields are textbook EOR candidates Oil ASP Pilot: 18 months Polymer Rate ASP Aishwariya (bopd) Aishwariya Base EOR Bhagyam Base…
KG BASIN OVERVIEW Base Pliocene structure 07S0185KE00 17
WHY INDIA World class KG basin GSPC Deen Dayal Reliance Dhirubai 1 & 3 CAIRN Godavari June 2005 RAVVA River Multi Tcf (March 2005) Multi Tcf discoveries to be 310 mmbbls Krishna developed River RAVVA ONGC DISCOVERY May…
CAPRICORN FOCUS SICILY Tunisia West North Slope 19 Arctic NABEUL Greenland Basins TUNIS BIRSA OUDNA LOUZA M'SELA-1 ISIS South Kara Oil Discoveries Gas Discoveries East Barents Sea Bangladesh Magnama…
Loading...
