AGM Presentation Cairn Energy PLC 17 th May 2019 Disclaimer These - - PowerPoint PPT Presentation

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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


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SLIDE 1

Cairn Energy PLC

AGM Presentation

17th May 2019

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SLIDE 2

These materials contain for

  • rward-lo

lookin ing statements reg egarding Cair Cairn, , our

  • ur cor
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plans, s, fu futu ture fin financial conditio ion, fu future resu esults of

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s, fu futu ture bu busin iness s pla plans an and strategies. . All l suc such for

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anagement's s assu assumptio ions an and be beli liefs in the lig ight of

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ilable le to to them at t this s tim ime. These for

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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

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and ac achie ievements may be be materially dif different fr from

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n suc such statements. s. Fac actors that may cause act actual res esult lts, per performance or

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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

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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

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terroris ism, de development an and use use of

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technolo logy, , act acts s of

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changes to to bu busin iness conditions. s. Cair Cairn un undertakes no no ob

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ligation to to revis ise an any suc such for

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any ch change in n ci circumstances or

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date her hereof.

Disclaimer

AGM Presentation, 17th May 2019

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SLIDE 3

➢ 17,500 boepd ➢ Generating ~$400m revenues ➢ Sanction of Nova field, Norway ➢ Submission of

SNE Field Exploitation Plan, Senegal

➢ Agar discovery, UK North Sea ➢ Addition of new acreage in Suriname,

Cote d’Ivoire and Mauritania

Key Achievements in 2018

Introduction

Production Development Exploration

AGM Presentation, 17th May 2019

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SLIDE 4

Balanced Sustainable Portfolio

AGM Presentation, 17th May 2019

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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

  • n plateau

➢ SNE (first oil 2022)

➢ Net to Cairn

up to ~40,000 bopd

  • n plateau

➢ Near term drilling

➢ Norway ➢ UK ➢ Mexico

UK Senegal Mexico

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SLIDE 5

➢ 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

Developing Our Discoveries

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

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SLIDE 6

UK Norway Senegal Cote d’Ivoire Mexico Suriname

2019

➢6 Wells, 5 Operated ➢Targeting total gross volume >800 mmboe* ➢Norway, UK and Mexico

2020

➢Wells in Mexico, Norway and UK ➢Potential further drilling from recent

new ventures

2021 Onwards

➢Future Exploration Opportunities ➢Ireland, Mauritania, Cote d’Ivoire, Suriname

Active Exploration Programme

AGM Presentation, 17th May 2019

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* Cairn estimates

Ireland Mauritania Nicaragua

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SLIDE 7

Sustainable Value Creation

Conclusion

Deliver Exploration and Appraisal Success Portfolio Management Mature Developments Deliver Operational Excellence Sustainable Value Creation

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