Investor Presentation February 2016 Delivering value from discovery and development
Disclaimer These materials contain forward-looking statements regarding Cairn, our corporate plans, future financial condition, future results of operations, future business plans and strategies. All such forward-looking statements are…
Investor Presentation, February 2016 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, February 2016 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, February 2016 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, February 2016 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, February 2016 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, February 2016 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, February 2016 9 UK and Norway Developments and Exploration in Mature and Emerging Basins Cairn Licences Norway Developments Skarfjell (20% Cairn) early stage development planning Pre-qualified as Operator in…
Investor Presentation, February 2016 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, February 2016 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, February 2016 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, February 2016 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, February 2016 14 Senegal SNE-2 Appraisal Target at the SNE Field First appraisal well, SNE-2, in the Sangomar Deep Offshore block, 3km north of the SNE-1 discovery is a Crestal well in a central location in the…
Investor Presentation, February 2016 15 Senegal SNE-2 Appraisal Preliminary analysis of SNE-2: DST (drill-stem testing) over a 12m interval of high quality pay flowed at a maximum stabilised, but constrained rate of 8,000 bopd on a…
Investor Presentation, February 2016 16 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…
Investor Presentation, February 2016 17 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…
Investor Presentation, February 2016 18 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, February 2016 19 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…
Investor Presentation, February 2016 20 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, February 2016 21 Economics and Funding Notional Development Scenario For 330 mmbbls Standalone SNE Field 2,000 120 120,000 Development expenditure: 1,800 Dependent on concept solution and scale of resources…
Investor Presentation, February 2016 22 Economics and Funding Economic Scenarios For 330 mmbbls Standalone SNE Field 18 40% 16 10% return breakeven, 35% oil…
Investor Presentation, February 2016 23 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, February 2016 24 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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