Cairn Energy PLC Sustainable Value Creation Cash Flow Strong Producing Balance Sheet Asset Base Financial Flexibility Ability to Reserves and Shareholder Invest Production Value Sustainably Additions Dividend / Capital…
Cairn Energy PLC Sustainable Value Creation Through Exploration Success and Commercialising Resources Production Future Developments Production and Kraken Skarfjell Balanced portfolio Senegal SNE Future Development entering cashflow…
Finance and Commercial James Smith
Finance Group Funding Position Financial Headroom to Deliver Balanced Business Strong balance sheet position: 500m funding sources in H2 2017 Cash at 30 June 2017: 254m Reserve Base Lending Facility: Peak availability 350m to 400m,…
Finance H1 2017 Cashflow Pre-award costs and E&A capex 335 50 20 16 254 50 75 USm 21 21 22 Opening Senegal UK and International Kraken Catcher Admin, EFF FlowStream Closing Cash Norway / Other Development Development…
Finance Planned Capex H2 2017 USm 150m E&A Capex 300 Full year guidance remains 400m 250 post tax 5 20 260 15 200 35 75 150 110m Development Capex 100 75 50 35 0 Catcher Kraken Senegal Ireland Mexico Other UK / Norway Total…
Finance Outlook Delivering a Sustainable Business Focus on financial discipline, efficient First production from Kraken capital allocation and low oil price achieved breakeven projects Cash of 254m as at 30 June 2017 Catcher on…
Finance SNE development SNE Development Plans Phased Development Plans Stable Fiscal Terms Phased development plan with focus on S500 Senegal direct participation via Petrosen: reservoir to deliver first oil 10% carried E&A…
Development and Production Senegal SNE Development Aligned approach to develop Senegals oil resources Development Philosophy SNE Full Field Development Schematic JV principles for SNE development: Economically robust project with low…
Development and Production Senegal SNE Development Development Phases Initial target plateau: 75,000 125,000 bopd; 1 2 mmbbls FPSO oil storage Initial well count: up to 25 wells (oil producers, water and gas injectors) Oil…
Development and Production Senegal SNE Development SNE Field Characterisation SNE Reservoir Schematic Water depth (WD) 650 - 1,400 metres SNE-2 SNE-1 SNE-6 BEL-1 VR-1 SNE-3 SNE-5 SNE-4 Following discovery well, seven further…
Development and Production Senegal SNE Development Updated Gross Contingent Resources* Reservoir and Oil Quality Good correlation of gross reservoir packages Contingent Resource (mmbbls) Connectivity in S400 upper reservoirs…
Development and Production Senegal SNE Development Timeline Production Targeting Final Investment Decision (FID) by end First Oil 2018: 2021 - 2023 Complete Front End Engineering and Design (FEED) Evaluation Report and…
Development and Production UK & Norway Production Base Kraken and Catcher Kraken EnQuest 70.5% (Operator), Cairn 29.5% First oil achieved late Q2 2017, currently commissioning first processing train (40,000 bopd capacity) 17 wells…
Exploration Eric Hathon
Exploration Creating Growth Through Exploration Growing and Diversifying the Portfolio Focused on Key Value Drivers in Exploration Mature basins Barents Sea NORWAY UK/Norway North Sea and Norwegian Sea Emerging basins UK IRELAND…
Exploration Atlantic Margin - Senegal Block Area 7,100 km2 Third Phase of Exploration Drilling Commenced 2017 Water Depth: 100 2,000m DAKAR Senegal VR-1 exploration target on SNE appraisal well to test deeper carbonate play Oil…
Exploration Ireland Atlantic Margin Ireland Cairn Licences Growing Acreage Position in the Porcupine Basin FEL 2/04 & 4/08 Option Lease Cairn 38% (Op) Interest in 4,000 km2 in 5 licences LO 16/18 FEL 2/04 FEL 4/08 PVR 58% and…
Exploration UK & Norway Norway Material Drilling Campaign Barents Sea Barents Sea Extensive portfolio across a variety of plays in UK and PL854 Norway Norway Flipper Core areas: UK Norway Barents Sea PL758 Lynghaug…
Exploration Mexico Atlantic Margin Mexico Entry into highly prolific, oil-prone Sureste basin Under-explored relative to U.S. Gulf of Mexico Shallow water (wd 100-500m) 50 billion boe produced to date in basin 12.5 billion boe…
Conclusion Simon Thomson
Cairn Energy PLC Active Programme Across Balanced Business Future Production from: Current and Near Term Production Skarfjell Senegal Kraken / Catcher Future Exploration Opportunities: Senegal, Norway, Ireland and Mexico…
Cairn Energy PLC Value Creation Through Exploration Success and Commercialising Resources Production and Future Development Options Significant Growth Opportunities Funding Flexibility 28 Half-Year Results Presentation, August…
Contacts David Nisbet Paula Pratt Group Corporate Affairs Investor Relations Co-ordinator E-mail: E-mail: david.nisbetcairnenergy.com paula.prattcairnenergy.com Tel: +44 (0)7711 146 068 Tel: +44 (0)131 475 3094…
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