Investor Presentation June 2011 Discovering hidden value Discovering hidden value
Cairn Overview Corporate London listed since 1988 FTSE 100 company with subsidiary listed on Indian exchanges Greenland Current market cap 10 billion Early entry positions South Asia: Bangladesh, India and Nepal Greenland…
Cairn Overview Completion of the Vedanta transaction is awaiting Government of India approval Greenland has the potential for transformational growth Strong balance sheet provides financial and operational flexibility Investor…
Vedanta Transaction Vedanta Transaction would allow: Return of substantial proportion of cash to shareholders Ongoing exposure to Cairn India growth Re-gearing to exploration success Flexibility in portfolio management Absolute…
Cairn South Asia Exploration, Development and Production Successes Underexplored Majors had only drilled 12 exploration wells in India between 1880 and 1990 (as opposed to 6,000 wells in South East Asia) RAJASTHAN Committed long…
Cairn Project Delivery Fast track developments and low cost operated production Bangladesh Sangu (Bangladesh), opex 2.5 / boe India Ravva (India), opex 2.4 / bbl Cambay (India), opex 2.4 / bbl Rajasthan (India), opex 3.0 / bbl 1…
India, Rajasthan Resource Base And Vision For Growth Gross Reserves, 250 Resources 1 140 and Potential 2 FDP Risked Prospective Approved Resource Production 1015 Barmer 175,000 Target Raageshwari and Saraswati Hill bopd +…
India, Rajasthan Frontier Exploration To Production Frontier Exploration Exploration & Appraisal Development & Production 1995 - 2002 2003 - 2005 2005 - 2011 Mangala Mangala Processing N-I-NORTH N-C-L N-C-H N-C-F Terminal N-H-1…
Greenland First Mover Advantage in an Area With World Class Potential Cairn is the largest acreage holder and most active Operator in Greenland Cairn acquired 2D seismic database 85,000km Operated 3 arctic exploration wells in…
Greenland West Greenland Potential U.S. Geological Survey (USGS) Risked Yet to Find (YTF) volumes of 7.3 Billion bbls and 54 TCF (excluding South Greenland) 50% Probability of finding one field 50 million bbls Prospective Basinal…
Greenland Plate Tectonic Reconstruction and Major Hydrocarbon Provinces Sverdrup Basin Pre Continental Breakup Ellesmere Island Barents Sea (Late Jurassic Early Cretaceous) North America and Europe one contintent - Laurasia Source…
Greenland Exploration History Cairn entered 120.00 250000 2006 / 2007 Greenland at start of Licensing rounds CUMULATIVE LICENSED ACREAGE (KM2) CUMULATIVE NO. EXPLORATION WELLS new exploration phase EnCana and 100.00 Chevron…
Greenland Cairn Acreage Position BLOCK 2 QAMUT Cairn holds 11 blocks out of 20 Conoco Philips Global Greenland Ltd 61.25% DONG Greenland A/S 26.25% Nunaoil A/S 12.5% currently licenced BLOCK 5 ANU Shell Kanumas A/S 41.125%…
Greenland Scale of Leading Acreage Position in North Sea Context Cairn Licence Blocks in Greenland Maps at the same scale 102,000 km2 Equivalent to 15 UK North Sea Quadrants or Pitu 450 North Sea Blocks GREENLAND Nuussuaq Baffin…
Greenland Drilling - Safety First Priority Dual rig strategy Standard offshore design Well control Shallow hazards Achieving target / depth Drilling practices Environmental Readily available emergency response equipment…
Greenland 2011 Offshore Exploration Programme Up to 4 Exploration wells Three 3D Seismic Surveys Seven possible exploration drill sites prepared and with Government approval provides some Melville flexibility in the programme Sub…
Greenland 2011 Offshore Exploration Programme The four well campaign will test prospects with different structural styles and play types Targeting gross unrisked mean prospective resource potential of 3.2 billion boe Individual…
Baffin Bay West Disko - Napariaq High Graded Delta Prospect Delta-A projected Delta Prospect Detail Delta-A New high quality seismic processing NW and imaging across prospect - TGS BB10 survey Thin or absent volcanics mapped on…
Baffin Bay West Disko - Eqqua High Graded Gamma Prospect Combined Unrisked Scoping Volumetrics Gamma-B S for both Gamma structures N In place potential 10 Billion boe 10km Prospective Resource 3 Billion boe Mean Prospective…
West Greenland South Ungava Basins Lady Franklin LF7 Prospect Proposed Drilling Location Primary Objective Depth Map LF7 Unrisked Scoping Volumetrics In place potential 1.8 billion boe Prospective Resource 480 mmbbls Block follow on…
West Greenland South Ungava Basins Atammik Prospect AT7 AT7-A Prospect AT7 Unrisked Scoping Volumetrics well location In place potential 1.2 billion boe Prospective Resource 350 mmboe Block follow on prospective resource potential 1…
Greenland Exploration - Summary 2011 Proposed Wells West Greenland is a virtually unexplored multi-billion 2010 Cairn Wells barrel potential hydrocarbon province Cairn has built a large, diversified acreage position of 102,000…
Greenland The Exploration Proposition in Commercial Context Low cost and early entry provides Dual rig strategy coupled with access to large (10,000 km2) blocks dynamic positioning capability with 10 year tenures results in high cost…
Cairn Overview Completion of the Vedanta transaction is awaiting Government of India approval Greenland has the potential for transformational growth Strong balance sheet provides financial and operational flexibility Investor…
Appendix Discovering hidden value Discovering hidden value
Finance Record revenues of 1.6bn, profit after tax* of 1.1bn and pre- tax operating cash flow of 1.1bn IFRS requires disclosure of Cairn India (CIL) as a discontinued operation in the Income Statement and as an asset held-for- sale…
Greenland Ice Management - Building on 2010 Experience Schematic Not to scale Safety Alert Zone 1 500m Based on established international practices the most basic function of ice management is to mitigate the risk of an incident…
Greenland Commercial Context Fiscal Terms Greenland Government Take vs. Selected Other Countries Greenland Government Take vs. Profitability Min / Max Marginal Undiscounted Government Take % 100% 60% Undiscounted Government…
Greenland Commercial Context Development Concept Photo: Eiliv Leren, Statoil Newfoundland Labrador Department of Natural Resources Petroleum Development - Annual Activity Report 2009 Snhvit LNG Gas terminal at Melkya, Norway…
Loading...
