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August, 2019
Investor day: Cairn Oil & GasAugust, 2019
Investor day: Cair Oil & Gas
Investor Day
Cairn
Oil & Gas
August, 2019
2
Cautionary Statement and Disclaimer
The views expressed here may contain information derived from publicly available sources that have not been independently verified.
No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward looking information in thispresentation including, without limitation, any tables, charts and/or graphs, has been prepared on the basis of a number of assumptions which may prove to beincorrect. This presentation should not be relied upon as a recommendation or forecast by Vedanta Ltd. ("Vedanta") and any of its subsidiaries. Past performanceof Vedanta cannot be relied upon as a guide to future performance.
This presentation contains 'forward-looking statements' – that is, statements related to future, not past, events. In this context, forward-looking statements oftenaddress our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' or'will.' Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour offinancial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration ofacquired businesses; and from numerous other matters of national, regional and global scale, including those of a environmental, climatic, natural, political,economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed inour forward-looking statements. We do not undertake to update our forward-looking statements.
We caution you that reliance on any forward-looking statement involves risk and uncertainties, and although we believe that the assumptions on which onforward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and as a result the forward-looking statementbased on those assumptions could be materially incorrect.
This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire,subscribe for, sell or otherwise dispose of, any securities in Vedanta or any of its subsidiary undertakings or any other invitation or inducement to engage ininvestment activities, nor shall this presentation (or any part of it) which contains a mix of 2D, 3D rounded & square effects, nor the fact of its distribution, formthe basis of, or be relied on in connection with, any contract or investment decision.
3
Agenda
Vision
Technology & Innovation
Producing Blocks: Onshore & Offshore
Exploration Blocks: OALP & PSC
Organization Design & People
Sustainability
4
HSEQ: An Integral Part of Business
Safety accountability:Building confidence amongst workforce to “Stop Unsafe work” and
“Refuse to work, if unsafe", strengthened with consequence
management policy.
Strengthening Safety culture: Infield awareness & Training sessions to improve HSEQ Performance,
lateral learning of safety alerts recommendations.
HSEQ Risk Management Process: Focus on safety Critical
task and safety critical Risks
HSEQ assurance:Increased Visible Felt Leadership at Site
Sustainability:Waste to Fuel - Establish real-time disposal of Oil based drill cutting
waste to cement industry.
99 % of produce water treat & recycle back into system for injection
Building a culture of Zero Harm, Zero Waste and Zero Discharge
5
400
600
Vision: Oil & Gas Business
Contribute over 50% of India’s Oil Production
R&R
Capex $ 4-6 bn $ 7-10 bn
200
180
400
1,000
Q1 FY20 Existing Assets Full Potential
3-5 Years2 Years
H1 FY20 Exit
260-270
H2 FY20 Exit
200
3 bn boe 2.0 – 5.5 bn boe
Note: R&R stands for Reserves and Resources
Gross Volume in kboepd
OALP Blocks
PSC Blocks
6
Produce 50% of India’s domestic crude oil
Blocks in proven petroleum basins across India (Onshore & Offshore) to accelerate Reserve &
Resource accretion:
o PSC Blocks : Increase from 1.2 bn boe to 3.0 bn boe through EOR and Exploration
o OALP: Discover 2.0 - 5.5 bn boe from 51 OALP blocks
Exit at 260-270 kboepd by March 2020 and ramp-up beyond 400 kboepd in ~ 2 years
Investment of $ 3.2 bn already committed with IRR >20% at $ 40/bbl
Operating cost at ~ $ 7.5 boe; top quartile globally
Highly experienced & diversified global talent pool; integrated project management
Cutting edge technology & Digitalization to foster incremental value accretion
Zero Harm, Zero Waste & Zero Discharge; Inclusive development of communities
Vision
Portfolio
Volume
Capex
Cost
People
Technology
Sustainability
2019 Key Messages
7
Oil to remain key energy fuel India to lead Global consumption growth
3.193.78
4.41
9.3
0.670.76
0.64
0
1
2
3
4
5
6
7
8
9
10
FY10 FY14 FY18 FY 40
Oil Import
Oil Production
0
2
4
6
8
10
12
14
16
18
20
2017 Evolvingtransition
Rapidtransition
Oil
Gas
Coal
Nuclear
Hydro
Renew.*
Primary energy consumption by fuel (Billion Toe)
Scenarios by 2040
Source: BP Energy Outlook 2019 Edition
Import and domestic oil production in India (mbpd)
Source: Ministry of Petroleum and Natural Gas, BP Statistical Review 2018, Aranca Research
• All scenarios
suggest Oil to be a
significant energy
source
• Demand b/w 80-130
mn bbl/d
• Significant
investments are
required to meet
demand
• India’s crude oil
demand is
expected to double
by 2040
• Rapidly growing
consumption and
high import
dependence
necessitates need
capex investment
in O&G
Indian Hydrocarbon Potential Favorable Government Policies
Prognosticated resources of 307 bn bbl, of which ~71% is yet to
be discovered
Of the 26 sedimentary Basins only 7 produce hydrocarbons at
present
India has vast untapped potential of hydrocarbon resources Open Acreage Licensing Policy (OALP)
Incentive for Enhanced Recovery methods
Discovered Small Fields (DSF) policy
Cairn strongly positioned for the future of India
8
OALP & DSF Blocks PSC Blocks
13x Acreage increase from 5,000 sq. km. to 65,000 sq. km. spread across basins in India
Foot Print: India’s Largest Private O&G Player
9
PSC Blocks: Production Ramp up plan
132 145175 165
17
75
100 135
31
45
55
6020
40
180
Exit FY21e
400+
Q1 FY20
Rajasthan Development
Exit H2 FY20e Exit FY22e
Rajasthan Operations
Offshore
Exploration
260-270
340-350
Significant increase in production from the Current Producing Blocks
10
PSC Blocks: Production Ramp up plan FY20
132144 145
17
24
75
31
32
45
Q1 FY20 Exit H1 FY20e Exit H2 FY20e
180
200
260-270
Offshore
Rajasthan Development
Rajasthan Operations
Change H2 vs Q1 Wells Drilled
139 to 250
Wells Hooked Up
46 to 185
Liquid Handling Capacity
1.1 to > 1.3 mmblpd
Gas Processing Capacity
84 to 240 mmscfd
Rajasthan
Operations
Rajasthan
Development
Offshoreo Ravva Infill Drilling
o Well intervention to sustain base production
14 k
Impact Initiatives
o MBA Polymer, Infill wells & ASP
o Aishwariya Barmer Hill
o RDG terminal & pipeline infrastructure
30 k
15 k
13 k
o RDG Early production facility up-gradation
o Mangala Liquid Handling Up-gradation &
Asset Integrity Management partly offset by
natural field decline
7 k
6 k
11
11
Technology & Digitalization
12
Technology ApplicationsAccess to the best in class technology & global geo-scientists
Digitalisation and technology integration is the key driver for all our projects
13
EOR Polymer: Improved sweep efficiency
EOR ASP: Improved displacement efficiency
o EOR Polymer Successfully
Implemented in Mangala
o Replicating the success in
Bhagyam & Aishwariya Fields
o World’s largest Centralised
Polymer Mixing Facility with a
capacity of 1,00,000 blpd mother
solution
An exemplar of our commitment towards cutting edge technology and innovation
o World’s largest ASP Project
being implemented in MBA
Fields
o EOR Policy provides 50%
reduction in Cess
Enhanced Oil Recovery Projects
Areal Sweep improvement Vertical Sweep improvement
M>1
M<1
Original oil
Oil Saturation Display at Pore LevelReduction in Trapped Oil
Sand Grain Remaining oil Water
Initial After Waterflood After ASP flood
14
First FTG survey in East African Rift in Q2 200926 out of 27 discovery wells mapped with FTG
• Flexibility to deploy across roads, rivers & environmentally sensitive areas
• Higher productivity with no downtime for cable repairs
• Reduced crew & transportation cost
• Provides early sub-surface data in 3-4 weeks time
• Reduction of data acquisition time
• Covers inaccessible & difficult terrain
• Allows early detection & areas of prioritization of other surveys
• Independent of the terrain access, weather windows
• Reduces project time
Satellite Based EM Technology Airborne FTG Survey Cable less Seismic Survey
Early Monetization TechnologiesEmbracing newer technologies to reduce time from exploration to production in OALP blocks
15
Digitalization
@ Digital Org
Pipeline Intrusion Detection
System (PIDS)To detect Interference, illegal tapping &
unauthorized excavation along buried pipelines
Digital Oil FieldReal time Production monitoring system &
decision making
Collaborative 3D TechnologyEnhanced understanding by 3D visualization
of subsurface model
Video AnalyticsReal time alerting, video search, reporting,
optimized operations
Digital LogbookIt’s workflow and electronic forms enable
to capture all the information, reduce the time
spent on administrative duties
Integrated Chemical
Management SystemEnd-to-end visibility across chemical value
chain
Management DashboardHigh level project dashboard for management
Automated Production
Allocation systemActively manage the difference between
theoretical and actual production rates
EBSException Based Surveillance for Alarm/
Alert against any abnormality
Artificial lift system
surveillance To manage the performance of pumps
Key enabler in Cairn’s Growth Journey
16
16
Producing Blocks: Onshore (Rajasthan)
17
Rajasthan: World Class Basin with Multiple Play Types
▪ Spread over 3,111 square km in Barmer, Rajasthan
▪ 7 Hydrocarbon bearing Reservoir Systems
▪ 38 discoveries till date across Reservoir Systems
▪ Liquid Handling capacity of >1.1bn barrels
▪ > 500 producer and injector wells
▪ > 500 million barrels produced till date
▪ > 1bn boe of reserves & resources (2P + 2C)
▪ Top quartile operating cost globally at ~7.5 $/bbl
▪ Technology:
▪ World’s longest heated & insulted pipeline (~700 kms)
▪ World’s largest polymer flood project
Mangala (M)
~130
km
DA-1
DA-2
DA-3
Oil Discoveries (33)
Gas Discoveries (5)
Legend
Aishwariya (A)
Bhagyam (B)Core
fields
Prospective BH fields
Raag Deep Gas
~40 km
DA-1
DA-2
DA-3
18
Rajasthan: Best in Class Infrastructure
Leveraging the world class processing facilities for growth projects
19
Mangala Processing TerminalWorld class Oil processing facility
Area: 1.6 sq. Kms (400 acres)
Crude Oil Sales to: IOCL, BPCL, MRPL, RIL, Nayara
Three processing trains: >1 MMbbls liquid per day
Oil Storage Capacity: 488,000 bbls
▪ 4 Export Tanks, capacity 122,000 bbls/tank
Water injection Capacity: 826,000 bwpd
▪ 8 injection pumps each of capacity 118,000 BWPD
▪ 5 Power Fluid pumps each of capacity 81,000 BWPD
Secure Landfill: Hazardous & Non-Hazardous
Steam Boilers: 805 TPH
▪ 7 boilers each of capacity 115 TPH
▪ HP steam for power generation
▪ MP steam for process heat
▪ LP steam for other utilities
Captive power STG: 60 MW
▪ 5 STG each of capacity 12 MW
Grid Power: 100 MW Infrastructure
▪ Current sanctioned demand – 52 MVA
20
MBA Fields: Capex $ 1.4 billion, Reserve > 250 mmbbls
HIIP
Produced Till Date
Reserves + Resources (2P+2C)
Total H
IIP in
MB
A –
2.2
Billio
n b
oe
2,156 mmbbls
496 mmbbls*
641 mmbbls
23%
30%
EOR Polymer & ASP Projects to increase recovery factor from MBA Fields to >50%
• MBA Infill & Polymer
• MBA ASP
Partner ActivityGross Capex
($ Million)
EUR
(mmbbls)
Peak Production
(kboepd)
Halliburton87 Wells &
Facilities240 58 30
Project Snapshot
Wells Till FY19 FY20 FY21 & Beyond
Partner ActivityGross Capex
($ Million)
EUR
(mmbbls)
Peak Production
(kboepd)
BH-GE
Under Award
Wells (143-286)
Facilities1,200 200 95
Drilling 66 21 -
Hook Up 32 55 -
Till FY19 FY20 FY21 & Beyond
Drilling 7 56 80-223
Hook Up 1 21 121-264
+
Mangala, Bhagyam & Aishwariya (MBA) fields:
- India’s largest onshore discoveries
Adds incremental production of over 125 kbopd at peak
* Till March 2019
21
Total HIIP : 309 mmboe
Produced Till Date : 11 mmboe*
Reserves + Resources (2P+2C) : 85 mmboe
Tight Gas: Raageshwari Deep Gas (RDG)
Mar 2018
Sep 2019
Mar 2019
Mar 2020
Facility Debottlenecking
Capacity at 60 mmscfd
Early Production Facility
addition of 90 mmscfd
Capacity at 150 mmscfd
Partner: Megha Engineering
11
16
> 50
> 30
Gas business set to become sizeable in Cairn Portfolio
kboepd
kboepd
kboepd
kboepd
Base Wells: 30 New Wells: 42 Partner : Schlumberger
Base Capacity 45 mmscfd
Multi fold increase in Gas production, to contribute over 50 kboepd at peak
Gas Terminal with capacity
of 90 mmscfd
Capacity at 240 mmscfd
Partner: Petrofac
Capex Investment of $ 630 million towards:
- Early production faculties (90 mmscfd)
- New Gas Terminal (90 mmscfd)
- Wells
Export Oil
Pipeline
Raageshwari Gas Terminal (RGT)
Fuel Gas
line to
MPT
Gas line to
Midstream
& Sales
* Till March 2019
22
Completion by Q4 FY20
Sub-station building Control Room Building
Feed booster compressor Condensate storage tank
Gas Terminal
Cable Laying- Compressors
Tight Gas: RDG Terminal on track for completion Multi fold increase in Gas production, to contribute over 50 kboepd at peak
23
Redefining operation excellence and fracking technology in India
Partner ActivityGross Capex($ Million)
EUR(mmboe)
Peak Production(kboepd)
Schlumberger 39 Wells & Facilities 170 32 20
Till FY19 FY20 FY21 & Beyond
Drilling 20 19 -
Hook Up - 38 1
Aishwariya
Barmer Hill
India’s largest lateral fracking
4 stages fracked within 24 hour
Multiple frac stages across 14 wells
India’s Largest Fracking Program – Technical Excellence
1,380m Lateral
4 stage/day
180 frac stages
Tight Oil: Aishwariya Barmer Hill (ABH)First step in unlocking the full potential of the Barmer Hill in the Rajasthan block
Project Snapshot
24
Satellite Fields Development
Monetizing Discoveries in Rajasthan through Satellite Fields Development
Partner ActivityGross Capex
($ Million)
EUR
(mmboe)
Peak Production
(kboepd)
Halliburton
Integrated
Development of
10 Satellite fields
164 18 10
Project Scope:
Sub Surface: Drilling of 35 new wells
Re-entry of 20 existing wells
Frac in 25 wells;
Surface Facilities: Construction of 2 CPFs and 13 QPFs
33 km of intra-field pipelines
Project Duration: 18 months
Partner: Halliburton
Project Snapshot
Unlocking value from smaller discoveries by leveraging existing infrastructure
25
25
Producing Blocks: Offshore (Ravva & Cambay)
26
Ravva & Cambay BlocksRavva - Multifold increase in production; Cambay - Gas field converted into Oil Field
Ravva - Multifold increase in production; Cambay - Gas field converted into Oil Field
Production Journey: Ravva(Kboepd)
Production Journey: Cambay(Kboepd)
o Commencing Drilling Campaign in Q3 FY20
o 9-16 wells exploration and development wells
o Reserves add 17 mmboe, Resource 50-60 mmboe
o Capex investment of $ 185 million
o Partner: Halliburton
0
5
10
15
20
25
30
35
2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022
OIL
&G
A R
ATE
(BO
EPD
)
Base- Gas Base - Oil Development
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023
OIL
&G
A R
ATE
(BO
EPD
)
Base Oil+ Gas Development Projects
HIIP
978 mmboe
430 mmboe
72 mmbboe
Production Till date
2P + 2C
Reserves & Resources
> 200 mmboe
Exploration Potential
o Completed Successful 4 wells infill program in
FY19
o Planning for an additional infill drilling campaign
towards end of FY20
27
27
Exploration: OALP & PSC Blocks
28
Resources
(bnboe)
Upside Scenario
5.5
Peak Production
(kboepd)
Upside Scenario
500
Well Diversified
40 Onshore
11 Offshore
51o ~60,000 sq.km. acreage;
mostly proven oil and gas
basins, both conventional &
unconventional play
o ~$ 800 M Capex for
exploration; Additional capex
for development / production
o Lloyd’s Register awarded
Integrated Project
Management contract
o Integrated end-to-end
contract award by mid August
OALP: Resource opportunity of 5.5 bnboe
29
❑ Biddable Revenue Sharing Model
❑ Single, uniform license for all types of hydrocarbon
resources including conventional & unconventional
resources
❑ Freedom in pricing and marketing of Oil & Gas
❑ Exploration allowed during the entire contract
period
❑ Contract duration for development and production
is maximum of 20 years
❑ No cess applicable on crude oil production
Embracing a disruptive approach to unlock the vast potential of OALP blocks
Features of OALP Levers for Early Monetization
❑ Block Priotisation:
o Near Field Exploration
o Low Cost Frontiers
❑ Leverage Existing Infrastructure:
o Share facilities
o Utilize existing rigs in the region
❑ Quick Production Facilities (QPF)
❑ Technology Drivers:
o Satellite Based EM Technology
o Airbone FTG Survey
❑ Digitalization Adoption
Revenue Sharing Model enables early monetization
30
Assurance and Re-assurance (Gated Process)
Project Management Committee (PMC)
Partnership & Collaboration
Empowered organizational structure
Operating Approach
TimelineFY20 FY21 FY22
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Indicative Schedule
Seismic Drilling First Oil Seismic Program Drilling ProgramApproval & Clearances
Partnering with Global Oil Field Service Companies for End to End Integrated Execution
Integrated Operating Model in place
31
Resources (mmboe)
Rajasthan
Exploration 60
Rajasthan
Tight oil Appraisal 75
KG-Offshore 60
Ravva 85
Investment
($ Million)
300-600
200
300
50
Schlumberger
Schlumberger / Halliburton
Schlumberger
Halliburton
Partner
Drilling from Q2 FY20
Status
7-18
14
2
4-9
Work
Program
(Wells)
Drilling fromQ2 FY20
Drilling fromQ3 FY20
2 Discoveries – Evaluation
Ongoing
PSC Blocks: Exploration & Appraisal to augment resource base
Strong exploration fundamentals supports reserves & resources growth
32
32
Organization Design & People
33
Organization Structure geared up for rapid Growth
PSC Blocks
Exploration Development Production
RESERVES & RESOURCES
Rajasthan, Ravva & KG
Increase Resource Base
DEVELOPMENT SBUs
MBA TOTG
Add to Reserve Base & Production
PRODUCTION SBUs
RJ Oil RJ Gas Offshore
Sustain Production & Manage Opex
Technical Organization
Provide domain experts across SBUs for ensuring technical integrity, assurance and governance
DrillingPetroleum
EngineeringSubsurface Projects
Operational
ExcellenceHSEQ
Growth Organization Operating Organization
Exploration
Monetize 51 OALP
blocks by accelerating
production through
integrated execution
Growth Organization
NEW VENTURES
OALP Blocks
34
Management Team Profile
Ajay Dixit
Chief Executive Officer
(Acting)
39 years,
Siemens
Electrical Engineer, Delhi College
of Engineering
Vivek Rathi
Chief Financial Officer
(Acting)
24 years
Thermo Fischer Scientific, HUL, Amex,
GE Capital, Johnson & Johnson
CA, CS & CWA
Oscar Quintero
Chief Operation Officer
20 years
Chevron, Shell, Hess Corp.,
Occidental, Permian Resources
MBA, University of Houston
Arthur de Fautereau
Chief Technical
Officer
25 years
CS resources, Total, Perenco
MSc. Petroleum, IFP School, France
Sai Subramaniam
Director,
RJ Operations
26 years
British Gas B. Tech, Chemical,
BITS Pilani
Sanjay Kumar
President,
Development
17 years
Petroleum Engineer, ISM IIT
Dhanbad, MS, Heriot Watt
University, UK
Prachur Sah
Director, New Ventures
& Reserves
20 years
Schlumberger
M.Sc., Heriot Watt University, UK
B. Tech, IIT Mumbai
Shobhit Tiwari
Head HSSEQ
30 years
Reliance, ONGC, Cairn
B. Tech, Mechanical Engineering,
GB Pant University
Rana Kar
Chief Marketing Officer
24 years
Shell, British Gas
B. Tech, NIT, PGDM Finance &
Marketing, IIM Calcutta
35
Management Team Profile
Madhavi Jha
Head Corporate
Communication
16 years
Honeywell
BA English Literature, Delhi
University, PG Diploma, IIPM
Rajesh Mohata
Head Procurement &
Supply Chain Management
26 years
Adani, HZL
B. Tech, Jodhpur University, PG Diploma,
Business Management, Pune University
Avantika Oli
Acting Chief Human
Resources Officer
13 years
E&Y
B. Tech, Computer Eng., NSIT
PMIR, XLRI Jamshedpur
Pooja Yadava
Head Legal &
Compliance
13 years
Vedanta Group
BSL & LLB, ILS Law College
Rakesh Agiwal
Head, Joint Venture
Management
20 years
Coca-Cola
CA, CS & CWA
Biswanath Ghosh
Head Exploration,
Offshore
18 years
MSc. Applied Geophysics,
ISM IIT Dhanbad
Pankaj Jain
President, Offshore &
KG Development
24 years
GSPL
MBA (Finance), ICFAI Business
School
Muthir Kharusi
President, RJ Oil
Production
24 years
Shell, Petroleum Devt. Oman
B. Tech, Glamorgan University
Rohit Tandon
President, Tight Oil Tight Gas
Devt. & Facilities
19 years, Cairn
Exec Mgmt.,Cornell. MS Heriot Watt.
Petroleum Eng, ISM, IIT Dhanbad
36
Global Experts
Fiona Macaulay
Member – Exploration
Advisory Board
Coro Energy, Echo Energy,
Rockhopper Exploration PLC, Mill
House Enterprises, Swiftdale Ltd,
Quad Operations Ltd
John Dolson
Sr. Advisor – Geology DSP Geosciences & Associates,
LLC, Delonex Energy
John Hughes
Sr. Advisor -
Geophysics
SLR, ConocoPhillips, ADNOC,
Chandler T Wilhelm
Member – Exploration
Advisory Board
Wilhelm Geoscience Services
LLC, Shell Houston
Shonn Patrick Arndt
Technical Specialist -
EOR
Royal Dutch Shell, TransCanada,
Canadian Natural Resources Ltd,
Cenovus / EnCanna
Andrew Cartwright
CHSO-MBA
Development
BP, Shell, Kvaerner Process
Limited, PTT, Veolia Water
Outsourcing Ltd
Dennis Beliveau
Technical Specialist
Reservoir Engineering
Shell, Banbury House
Thomas Alan Arthur,
Technical Specialist
Reservoir Engineering
BHP, Chevron, Marathon
Thomas Elliott
Drilling Fluids
Specialist
Halliburton, Scomi Oiltools,
Tullow Oil
37
37
Sustainability
38
Inclusive & Sustainable growthCommitment to empower local communities
Key Partnerships with Community
Nand GharDeveloping Rural livelihood
4000 Nand Gharsacross India
Jeevan Amrit Clean Water Initiative
333 RO plants under PPP
~68% of the total population (~25 lacs) touched through our CSR Interventions across locations
~1.6 MN Lives Impacted in FY 2018 - 2019
39
Socio Economic Impact
40
Contribution to ExchequerContributing to Nation Building
$ 6 Billion
ROYALTY01
$ 6 Billion
CESS & NCCD02
$ 14 Billion
PROFIT PETROLEUM03
$ 2 Billion
SALES TAX & VAT04
$ 1 Billion
CORPORATE TAX & DDT05
Delivering long-term value to Government, Local Communities and all Stakeholders
Total Contribution $ 29 Billion
Contribution till date
41
Recognition and Awards
Raageshwari Gas Terminal (RGT) has won “Sword of Honour” from British Safety Council for excellence in HSE Management
Cairn named among “Dream Companies to Work For” by ET Now. (February 2019)
“Community Project of the Year” at Asia CSR Best Practices Award in 2017
Rajasthan CSR Award 2018 for Jeevan Amrit Project
Ravva offshore and onshore facility secured “first” place in Manufacturing –Process category and a 5-star rating award for Excellence in EHS practices in CH-SR-EHS Excellence Award 2017
Cairn’s Ravva offshore Asset won “Golden Peacock Occupational Health and Safety Award” for the year 2017
Raageshwari Gas Terminal (RGT) has won “Sword of Honour” from British Safety Council for excellence in HSE Management
Barmer Unnati, a Cairn CSR initiative was awarded the ‘SKOCH Bronze Award’ and ‘SKOCHOrder of Merit’ by CCI in 2018
42
Valuation Driver: Peer Comparison
10
200
400
120 64
500
2 8
700
14
800
16 18 20 22 24
300
0
26 4228 30 32 34 36 38
1,000
40
600
100
900
915
280
1,929
1,234
586
1,192
167
Enterprise Value ($ Billion)
139
1,522
1,927
1,281
844
Production (kboepd)
1,049
Above list includes companies such as Apache, Continental, Devon, Hess, Noble Energy, Marathon, Pioneer, Tullow Oil, Santos, Murphy Oil, Kosmos Energy, Woodside, Premier Oil, etc,
1P Reserves (mmboe)
Source: Bloomberg (Data For the year 2018)
43
Thank You
