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  1. 1. <ul><li>Presentation </li></ul><ul><li>on </li></ul><ul><li>Carin India </li></ul>Presented by: Amit Bafna
  2. 2. Industry Overview <ul><li>The Indian Oil and Gas Industry is estimated at USD 110 bn – about 15% of Indian GDP and </li></ul><ul><li>It constitutes about 30% of India’s imports. </li></ul><ul><li>India is now the world’s fifths largest energy consumer </li></ul><ul><li>India is also the largest emerging gas market in the Asia Pacific region </li></ul><ul><li>New discoveries support massive investment in oil field development, new refineries and a growing hydrocarbon transport infrastructure, covering pipelines, ports, tankages and retail </li></ul>
  3. 3. History <ul><li>The company was founded in 1981 by Sir Gammell </li></ul><ul><li>Its initial operations were in the USA </li></ul><ul><li>listing on the London Stock Exchange in 1988, it expanded into the UK North Sea and internationally </li></ul><ul><li>Cairn acquired Conoco's UK onshore acreage in 1988 and became one of the largest operators of UK </li></ul><ul><li>Cairn Energy is currently active in India, Bangladesh, Nepal,[10] Greenland and Tunisia in both exploration and production </li></ul><ul><li>As the Indian oil and gas market deregulated in the early 1990s. Cairn turned its focus to South Asia, acquiring Command Petroleum Ltd in 1996 </li></ul><ul><li>Ravva in Eastern India was the first offshore oil and gas field to be developed </li></ul>
  4. 4. Carin India <ul><li>Cairn India was listed on 9 January 2007 on the Bombay and National Stock Exchanges.  </li></ul><ul><li>Cairn India currently has a market capitalisation in excess of $6 billion Ranking as the fourth largest oil and gas company in India. </li></ul>
  5. 5. Main Focus <ul><li>Maintain low operating costs and sustain production in existing fields </li></ul><ul><li>Execute Rajasthan Northern Fields development </li></ul><ul><li>Maximise potential in Rajasthan </li></ul><ul><li>Identify new opportunities for growth in reserves and production </li></ul>
  6. 6. CEO <ul><li>Mr. Rahul Dhir : CEO </li></ul><ul><li>BTech from the Indian Institute of Technology, Delhi </li></ul><ul><li>An MS from the University of Texas at Austin </li></ul><ul><li>An MBA from Wharton Business School in Pennsylvania. </li></ul><ul><li>Corporate Office : </li></ul><ul><li>3rd & 4th Floor, Vipul Plaza Suncity, Sector 54 Gurgaon 122 002 Telephone: +91 124 4593000 / 2703000 Fax: +91 124 2889320 </li></ul>
  7. 7. Operations in India <ul><li>The Company operates the largest producing oil field in the Indian private sector and has pioneered the use of cutting-edge technology to extend production life. Cairn India holds material exploration and production positions in 13 blocks in west and east India along with new exploration rights elsewhere in India and Sri Lanka </li></ul><ul><li>Western India </li></ul><ul><li>Eastern India </li></ul><ul><li>Northen India </li></ul><ul><li>Rajasthan </li></ul>
  8. 8. Production <ul><li>Operates the largest producing field in Indian Private Sector </li></ul><ul><li>Combined field direct opex of Ravva and Cambay is $2/boe </li></ul><ul><li>Pioneered use of cutting-edge technologies to extend production life </li></ul><ul><li>Average Annual Production </li></ul>
  9. 9. Sales <ul><li>Gas sales contract with public and private buyers </li></ul><ul><li>Oil sales to four major refineries across India </li></ul><ul><li>Efficient sales management of $1bn gross annual revenue in 2007 </li></ul>
  10. 10. <ul><li>Production started from Mangala in August 2009, Train 1 & 2 operational; Train 3 to be ready by end June 2010 </li></ul><ul><li>Delivered >4mmbbls to MRPL and RIvia trucking </li></ul><ul><li>4 rigs operating, 65 Mangala wells drilled; 51 completed </li></ul><ul><li>Pipeline completed uptoSalaya; currently operational in preparation of sales </li></ul><ul><li>Mangala ramp up to 125,000 bopdin H2 2010 to align with sales </li></ul><ul><li>Mangala production potential to increase to 150,000 bopdsubject to GoIapproval & additional sales arrangements </li></ul><ul><li>Successfully drilled & completed 6 Mangala Horizontal wells; tested at an average production rate of more than 11,500 bopd </li></ul><ul><li>2nd RaagDeep well successfully hydro-fracced; tested at a gas rate of 20.9 mmscfd–similar fracplanned for Barmer Hill </li></ul>Development in Rajasthan