2015 Cairn India Limited Earnings Presentation Annual Results FY16 22nd April, 2016
5 Strategy: Delivering a Sustained Performance Positive Free Cash Flows Healthy cash flows post Capex Core fields continue to generate cash MBA, Ravva, Cambay Best in class Opex, high margin, resilient to price volatility…
6 Key Performance Highlights Gross Average Production: 203,703 boepd Rajasthan production strong at 169,609 boepd in FY16 Successful execution of Mangala EOR polymer contributed 32 kbpoed in Q4 FY16 Encouraging results from…
7 Policy & Other Updates Rajasthan PSC extension and crude The matters are sub judice export Cairn Vedanta Ltd Merger Remain committed, continue to work towards completion Engaging with the Government along with peers Revision…
8 Continue to Demonstrate Production Resilience 203,703 400,000 5.2 27 49% Gross Production in Polymer injection in RJ Water-flood Opex RDG avg gas production Recovery Rate FY16 (boepd) Mangala (blpd) (US/bbl) FY16 in FY16 (mmscfd)…
9 Ongoing Optimization of Operating Cost Price realization Lower price realization 46% Brent price declined by 44% YoY, overall realization at US 40.9/boe RJ discount to Brent at US 7.2/bbl vs US 9.0/bbl in FY15 Opex/boe…
11 Mangala EOR & Aishwariya Infill Mangala EOR Program a Technological Feat Polymer volume ramped-up to planned level of 400,000 blpd Average production at 32,000 boepd for Q4 FY16 Additional production is attributed to o…
12 RDG Gas Encouraging Upside from Hydro-Fraccing Limited entry frac using multiple perforation in single stage resulted in :- 30% increase in reservoir coverage with less number of stages 100% increase in initial productivity…
13 Exploration Update Rajasthan Exploration Appraisal Testing Discovery of Raageshwari North Appraisal concluded for the prioritized discoveries, found oil in Raageshwari Deep Main; increased drilled and tested HIIP by 300 mmboe…
14 Projects Readiness for Favourable Oil Price Environment Bhagyam EOR Pre-development activities ongoing Field Development Plan submitted to JV in Q1 FY16 Exploring option for leveraging the Mangala EOR facilities to reduce…
15 Guidance FY17 Guidance Rajasthan Production Despite record low oil prices and substantial cut in capex, we will maintain the production broadly at FY16 level Net Capex Investment of US 100 mn- 80% in Development including…
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