Half-Year Results Presentation Cairn Energy PLC September 2018
Introduction Simon Thomson Chief Executive Officer
Cairn Energy PLC Delivering Long Term Value Creation Current Production Kraken Catcher Future Production Nova Senegal Exploration Norway UK Mexico Senegal Ireland Suriname Cote dIvoire Mauritania 3 Half-Year Results…
Finance James Smith Chief Financial Officer
Finance Financial Overview Production Funding position Oil sales revenue: 172m Cash at 30 June 2018: 75m Average realised sales price: Oil sales receivable: 55m 66.97/boe (net of hedging cost) Norwegian tax receivable: 62m H1 2018…
Finance H1 2018 Cashflow Capital expenditure and new ventures 145m (121m Net of tax) USD m 250 200 65 61 29 25 150 57 59 100 35m Net of tax 17 Excludes 55m cash payment for UK/Norway 50 exploration drilling 86 June oil…
Finance 2018 Capital Expenditure Full Year Guidance Catcher Catcher Kraken and 65m 70m 135m Kraken Completion of development DC4 installation and drilling and subsea tie-in in 2018 associated development wells SNE Nova Senegal…
Production and Development Paul Mayland Chief Operating Officer
Production and Development Current Production UK Catcher BW Catcher FPSO Current production 50,000 bopd 60,000 bopd Catcher (Cairn 20% WI) averaged 27,000 boepd (gross) in H1 2018 Production constrained in H1: gas…
Production and Development Advancing Norway Nova Development Plan for Development and Operation (PDO) - Approval Field 16 km south west of Project capex 1.2bn expected Q3 2018 from Norwegian Ministry of Gja field Petroleum and Energy…
Production and Development Advancing Senegal Oil and Gas Development 2018 2019 SNE Field Development key milestones Consultation on ESIA ongoing 2019 Final Investment delivered: during H2 2018 Decision (FID) Environmental and Social…
Production and Development Advancing Senegal Development Evaluation Report Wells FPSO Subsea Gas Export Phase 1 12 Producers A number of FPSO solutions are available Central Branch Provision of gas export riser capacity; 12 Water…
Production and Development Advancing Senegal Development Exploitation Plan Life of field development of SNE area within the RSSD PSC SNE Development Schematic Technology consistent with that Exploitation outlined in the ESIA Plan…
Exploration Eric Hathon Exploration Director
Exploration Cairn Portfolio Growth Increased Diversity Eight countries weighted towards Norway Emerging and Frontier opportunities UK Ireland Focus on plays with High Impact potential Mexico Mauritania Ability to manage:…
Exploration Latin America Mexico: Emerging Suriname: Emerging Block 15 Block 61 Block 7 Block 9 Mexico Suriname Mexico Block 61 2,080 km2 total acreage 11,800 km2 total acreage Two operated blocks, one non-operated…
Exploration Europe UK: Mature Norway: Mature / Emerging Ireland: Frontier Chimera Kraken Norway FEL 2/04 Agar Lynghaug FEL 4/08 Plantain Barents Sea Ireland Inca LO 16/18 Stjerneskudd LO 16/19 Ekland UK Laverda FEL 2/14…
Cairn Energy PLC Active Programme Across Balanced Business 2018 2019 2020 2021 Mexico Norway UK UK Mexico Norway Firm Wells Norway Mexico UK Mexico Norway UK Norway Norway UK UK Mauritania Ireland Mexico Contingent Wells…
Conclusion Simon Thomson Chief Executive Officer
Summary Consistent Strategic Delivery Value Creation Current Production Significant Balanced Full Opportunities plus Funding Cycle E&P from Future Flexibility Business Exploration Development Portfolio Growth 21 Half-Year…
Contacts David Nisbet Paula Pratt Group Corporate Affairs Investor Relations Co-ordinator E-mail: E-mail: david.nisbetcairnenergy.com paula.prattcairnenergy.com Telephone: Telephone: +44 (0)7711 146 068 +44 (0)131 475 3094…
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