Cairn Energy PLC
AGM Presentation
17th May 2019
AGM Presentation Cairn Energy PLC 17 th May 2019 Disclaimer These - - PowerPoint PPT Presentation
AGM Presentation Cairn Energy PLC 17 th May 2019 Disclaimer These materials contain for orward-lo lookin ing statements reg egarding Cair Cairn, , our our cor orporate pla plans, s, fu futu ture fin financial conditio ion, fu
17th May 2019
These materials contain for
lookin ing statements reg egarding Cair Cairn, , our
plans, s, fu futu ture fin financial conditio ion, fu future resu esults of
s, fu futu ture bu busin iness s pla plans an and strategies. . All l suc such for
lookin ing statements ar are e bas based on
anagement's s assu assumptio ions an and be beli liefs in the lig ight of
ilable le to to them at t this s tim ime. These for
s ar are, e, by y their na nature, , su subject to to si significant ri risks s an and un uncertainties s an and act actual l res esults, s, per perfor
and ac achie ievements may be be materially dif different fr from
n suc such statements. s. Fac actors that may cause act actual res esult lts, per performance or
achievements to to dif differ fr from expectations include, , bu but ar are e no not t limited to to, , reg egulatory ry ch changes, s, fu future levels of
try pr product su supply, , dem demand an and pr pric icing, g, wea eather an and wea eather rela elated impacts, war ars an and act acts of
terroris ism, de development an and use use of
technolo logy, , act acts s of
an and ot
changes to to bu busin iness conditions. s. Cair Cairn un undertakes no no ob
ligation to to revis ise an any suc such for
lookin ing statements to to refle lect an any ch changes in Cai Cairn's expectations wit ith reg egard thereto or
any ch change in n ci circumstances or
date her hereof.
AGM Presentation, 17th May 2019
2
Introduction
AGM Presentation, 17th May 2019
3
AGM Presentation, 17th May 2019
4
Norway Cote d’Ivoire Suriname Production Development Exploration
➢ Kraken / Catcher
➢ Net to Cairn
19,000 bopd to 22,000 bopd in 2019
➢ Nova (first oil 2021)
➢ Net to Cairn
~10,000 bopd
➢ SNE (first oil 2022)
➢ Net to Cairn
up to ~40,000 bopd
➢ Near term drilling
➢ Norway ➢ UK ➢ Mexico
UK Senegal Mexico
➢ Development on schedule
➢ Key contracts:
Subsea, FPSO and drilling all awarded
➢ Final Investment Decision H2 2019 ➢ Phased development of ~500 mmbbls ➢ Target Gross plateau production ~100,000 bopd
with first oil 2022
SNE, Senegal
AGM Presentation, 17th May 2019
5 NOVA, Norway Value Created From Cairn Discoveries
Nova Subsea Schematic SNE Field Subsea Schematic * Cairn estimates
➢ Development on schedule
➢ Fabrication underway ➢ Reserves 80 mmboe* ➢ Target Gross plateau production ~50,000 bopd
with first oil 2021
UK Norway Senegal Cote d’Ivoire Mexico Suriname
➢6 Wells, 5 Operated ➢Targeting total gross volume >800 mmboe* ➢Norway, UK and Mexico
➢Wells in Mexico, Norway and UK ➢Potential further drilling from recent
new ventures
➢Future Exploration Opportunities ➢Ireland, Mauritania, Cote d’Ivoire, Suriname
AGM Presentation, 17th May 2019
6
* Cairn estimates
Ireland Mauritania Nicaragua
Conclusion
AGM Presentation, 17th May 2019
7