Investor Presentation October 2015 Delivering value from discovery and development
Investor Presentation, October 2015 3 Strategy Mature basin exploration and development Balanced Frontier and emerging basin exploration with primary focus Business Model on Senegal Fully Funded Core development assets…
Investor Presentation, October 2015 4 Strategy Consistent Strategic Delivery for more than 20 Years Experienced and successful exploration, appraisal and development operator Operations conducted onshore and offshore, shallow and…
Investor Presentation, October 2015 5 Group Funding Group cash at 30 June 2015 of US725m Seven year Reserve Based Lending bank facility up to US575m remains undrawn Forecast exploration and appraisal expenditure for the…
Investor Presentation, October 2015 6 Capital Expenditure Committed Exploration H2 2015 YE 2017 Catcher and Kraken and Appraisal Programme 170m Development Capex 615m Other UK & Catcher 10m Norway* 180m 30m 130m 435m…
Investor Presentation, October 2015 7 UK and Norway Catcher Development Premier (Operator) 50%, Cairn 20%, MOL 20% and Dyas 10% Gas export PLEM Installation Catcher field located in Block 28/9a 170km SE of Aberdeen Water Depth of…
Investor Presentation, October 2015 8 UK and Norway Kraken Development EnQuest (Operator) 60%, Cairn 25% and First Oil 15% Subsea: Aker and Two fields located in Block 9/2b Technip 350km NE of Aberdeen Water Depth of 110m…
Investor Presentation, October 2015 9 UK and Norway Developments and Exploration in Mature and Emerging Basins Cairn Licences Norway Developments Skarfjell (20% Cairn) early stage development planning Norwegian 2014 Licensing…
Investor Presentation, October 2015 10 Exploration Creating Growth Through Exploration Geological Focus Significant acreage positions with technical and commercial value Range of opportunities with appropriate spectrum of…
Investor Presentation, October 2015 11 Senegal 2015 Programme Total Acreage Government of Senegal agreement for an extensive 7,490km2 evaluation plan submitted by Joint Venture (JV) Q2 2015 Appraisal and exploration drilling - 3…
Investor Presentation, October 2015 12 Senegal Full Block Potential Full block potential of gross mean risked resource of 1 bn bbls* SNE 2C resource, currently 330 mmbbls SNE Initial projected production 50,000 100,000 bopd Sum of…
Investor Presentation, October 2015 13 Senegal SNE Field Forward Programme 2015 / 2016 SNE-1 Appraisal Objectives Coring and testing of the reservoir: Determine reservoir continuity and connectivity Establish productivity of the…
Investor Presentation, October 2015 14 Senegal SNE-2 Appraisal Target at the SNE Field First appraisal well SNE-2, is in the Sangomar Deep Offshore block, 3km north of the SNE-1 discovery SNE-2 is a Crestal well in a central SNE-2…
Investor Presentation, October 2015 15 Senegal SNE-3 Appraisal Target to South of the SNE Field The second appraisal well SNE-3, on Southern Flank expected to begin late Q4 2015 / early Q1 2016 Well will test the southern extent of…
Investor Presentation, October 2015 16 Senegal BEL-1 Appraisal Target to North of the SNE Field The third appraisal well BEL-1, is on the Northern Flank and is expected to begin Q1 2016 This well has a significant Exploration target…
Investor Presentation, October 2015 17 Senegal Future Exploration Programme Confirmation of source rock and burial history from new data Remapping key reservoir and source intervals RUFISQUE LEAD 1 FAN-1 Redefining basin model…
Investor Presentation, October 2015 18 Senegal Bellatrix Prospect Bellatrix Prospect BEL-1 exploration and appraisal well Bellatrix Prospect lies above the northern flank of SNE discovery BEL-1 Loc. Will test the Bellatrix prospect…
Investor Presentation, October 2015 19 Development From Discovery to Development Evaluation programme aims to confirm volumes, connectivity and productivity Preliminary foundation development concept for SNE Standalone FPSO (Floating…
Investor Presentation, October 2015 20 Economics and Funding Notional Development Scenario For 330mmbbls Standalone SNE Field 2,000 120 120,000 Development expenditure: 1,800 Dependent on concept solution and scale of resources 100…
Investor Presentation, October 2015 21 Economics and Funding Economic Scenarios For 330 mmbbls Standalone SNE Field 18 40% 16 10% return breakeven, 35% oil…
Investor Presentation, October 2015 22 Strategic Delivery Business well funded through to sustainable cash flow from 2017 Balanced portfolio - appropriate equity interests and size of company in current environment Focus on…
Investor Presentation, October 2015 23 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…
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