copy 2013 Cairn India Limited
Corporate Presentation
February 2013
2 Corporate Presentation
Disclaimer
This material contains forward-looking statements regarding Cairn India and its affiliates our corporate plans future financial condition future results of operations future business plans and strategies All such forward- looking statements are based on our managements assumptions and beliefs in the light of information available to them at this time These forward-looking statements are by their nature subject to significant risks and uncertainties and actual results performance and achievements may be materially different from those expressed in such statements Factors that may cause actual results performance or achievements to differ from expectations include but are not limited to regulatory changes future levels of industry product supply demand and pricing weather and weather related impacts wars and acts of terrorism development and use of technology acts of competitors and other changes to business conditions Cairn India undertakes no obligation to revise any such forward-looking statements to reflect any changes in Cairn Indias expectations with regard thereto or any change in circumstances or events after the date hereof Unless otherwise stated the reserves and resource numbers within this document represent the views of Cairn India and do not represent the views of any other party including the Government of India the Directorate General of Hydrocarbons or any of Cairn Indiarsquos joint venture partner
3 Corporate Presentation
Overview
bull Amongst top 20 global independent EampP company Market
Cap gtUS$12bn
bull Q3 FY 2012-13 average daily gross operated production of
over 200000 boepd Currently operating ~25 of Indiarsquos
domestic oil production
bull Proven and Probable resource base over 1bn boe
bull Part of NIFTY DJIT30 amp MSCI index Free float ~31
bull Interim dividend of INR 5 per share paid for FY 2012-13 in
Nov12
ldquoFastest growing energy company in the world 2012rdquo - Platts Top 250
ldquoRunners up award to Raageshwari Oil Mine by National
Safety Awards (Mines) by GoIrdquo
ldquo16 awards in 26th Mines Safety week 2012 under aegis of DGMS Ajmerrdquo
DJIT30 Dow Jones India Titans 30 Index MSCI Morgan Stanley Composite Index
Float excludes Cairn Energy PLC holding
Vedanta Group - Twin Star Mauritius Holdings Ltd 387 Sesa Goa Ltd 184 Sesa Resources Ltd 17
Shareholding as on 23 January 2013
MF
26
Retail
25
Other
588
Vedanta Group
103
Cairn PLC
155 FII
71
FI 32
4 Corporate Presentation
Consistent Value Creation across Upstream EampP Chain
bull Strong Balance sheet with net cash of over US$ 25 bn
bull Increasing production profile Enhanced focus on exploration
bull Strong pipeline of exploration development and production assets
bull Unique manpower skill set across the EampP value chain
Early
Beginnings
Execution
Success
Exploration
Success
Market Cap (US$)
05bn 60bn 12bn
Market Cap of Cairn Energy PLC end 1999
Well poised for
further Growth
Ravva Re-development
Rajasthan amp CBOS-2 discoveries
World class Rajasthan
development
International
Foray
Sri Lanka deepwater discoveries
S Africa entry
1999 2007 2012
Cairn India
IPO (2007) Vedanta
Acquisition
5 Corporate Presentation
Vision and Strategy
Leverage our Strengths
bull Strong Eamp P Player
o Proven track record
of exploration and
development success
o Significant production
and cash flow
generation
bull Global Talent
o Diverse talent of
gt1400 people
bull Low Cost Operator
o Innovative application
of technology
through a focused strategy
bull Realize full potential of
world-class Rajasthan
asset through aggressive
exploration amp fast track
development
bull Build material positions in
2-3 focused core areas
internationally
bull Leverage strong presence
in India to build a larger
portfolio of Indian assets
to achieve our Vision
bull Best-in-class EampP
company
bull Balanced Portfolio of
assets
bull Partner of Choice for
Stakeholders
bull Superior business
performance
6 Corporate Presentation
World Class Asset Portfolio
bull Q3 FY 2012-13 Average Daily Gross operated production at 205014 boe Cairn (WI - Working Interest) production at 128058 boe
bull FY 2011-12 Reserve and Resource Replacement Ratio of 175
Offshore
KG-DWN-982^ WI 10
PKGM-1 (Ravva) WI 225
KG-OSN-20093 WI 100
PR-OSN-20041 WI 35
CBOS-2 WI 40
MB-DWN-20091 WI 100
International
SL 2007-01-001 WI 100
South Africa -
Block 1
WI 60
Producing Blocks Under Force Majeure ndash GoI granted conditional approval discussions in progress for unrestricted access
Farm in agreement signed on 16 August 2012 Assignment of 60 interest and ownership granted by SA regulatory authorities other approval on schedule
^ Cairn India is in final stages of executing the farm-out to its JV partner ONGC GoI approvals have been obtained
Onshore
RJ-ON-901) WI 70
KG-ONN-20031 WI 49
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
MB-DWN-20091
CBOS-2
RJ-ON-901
RAVVA
SL-2007-01-001
SOUTH
AFRICA BLOCK 1
Operating Blocks Non-Operating Blocks
7 Corporate Presentation
Strong Financial Performance
Significant growth in revenue and
operating cash flow hellip hellip leading to strong balance sheet hellip
hellip providing flexibility to invest in growthhellip hellip and capital distribution
Cash Position in US$ bn as on 31 Dec 2012
Gross Cash 276
Debt (009)
Net Cash 267
Company wide Net Capex (US$ bn)
Till FY 2011-12 ~43
FY 2012-13 amp FY 2013-14 (E) ~20
bull Dividend payout policy of around 20 of
annual consolidated net profits
bull Paid Interim Cash Dividend of INR 5 per
equity share in Nov 2012 for FY 2012-13
Cash Flow from Operations (CFFO) refers to PAT (excluding other income and exceptional item) prior to non-cash expenses and
exploration costs
Capex Estimate Breakdown Rajasthan - 60 (Development 30 Exploration 30) Other Assets and New Ventures ndash 40
+39
CFFO
1745 1154
Revenue
+32
1529
2417
9m FY 2012-13
9m FY 2011-12
US
$ m
8 Corporate Presentation
218
101
64
590
Rajasthan Operational Highlights
bull RJ Exploration approval obtained target to drill first EampA well by
end FY 2012-13
bull Production from Rajasthan block at ~175000 bopd
bull Mangala field sustained production at peak rates over last
two years currently producing ~150000 bopd post GoI
approval measures underway for plateau sustenance
bull Bhagyam field currently producing between 20-25000
bopd focus on drilling of additional wells
bull Aishwariya field development on track expect commencement
of production by end FY 2012-13
bull Production ramp up to 200-215000 bopd by end FY 2013-14
bull Mangala EOR polymer pilot successful full field implementation
will result in plateau sustenance EOR ASP pilot expected to
begin by Q1 FY 2013-14
bull Pipeline debottlenecking trials via DRA application completed
JV alignment obtained Note In line with standard industry practice we expect routine downtime of 3-5 for the MPT facilities
Subject to GoI approval Drag Reducing Agent
9 Corporate Presentation
218
101
64
590
Rajasthan Crude Offtake
bull Sold more than 130 mm bbls of crude to Indian refiners
generated gross revenues in excess of US$ 12 bn to date
bull Current sales arrangements in excess of 175000 bopd with PSU
amp Private refineries negotiations ongoing for FY 13-14 renewal
bull Crude Pricing
o Benchmarked to comparable low sulphur crude - Bonny
Light
o Discount guidance at an average of 10-15 to Brent
bull The MPT to Salaya section of the pipeline is currently operating
at ~175000 bopd continues to safely deliver crude oil
o Recorded more than 6 million LTI-free man hours to date
o Provides access to over 16 mm bd refining capacity
o Debottlenecking trials completed JV alignment obtained
bull Work initiated on ~80 km Salaya to Bhogat section expected to
be mechanically completed in H1 CY 2013
10 Corporate Presentation
Future Development amp Prospective
Resource
Rajasthan Resource and Value Potential
Gross
In Place
Gross EUR
Resource
Potential
(mm boe)
Expected Gross
Production
(kbopd)
1044 (~48)
Under Development
165 530 (~8) (~17)
MBARS BH + 19 Disc EXPLORATION 7278
Total
1739
3100 2168 2010 11
24
inc from
previous
Block Map with 25 discoveries to date
Note- Gross EUR Includes EOR potential of 238 mmbbls balance 70mmbbls booked as reserves MBARS ndash Mangala Bhagyam Aishwariya Raageshwari Saraswati
Company upgraded the numbers as on 31 March 2012 By end FY 2013-14 Subject to approvals
~175
300
200 - 215
Apr-12 FY 2013-14
11 Corporate Presentation
Securing Long-Term Growth through Exploration
Focused on growing our portfolio Rajasthan ndash Realize full basin potential
Growth in India hellip hellip and focused international areas
bull Sri Lanka Opened up Mannar basin
through gas discoveries Drilling of
phase 2 exploration well advanced by
quarter to Q4FY 2012-13
bull South Africa 60 interest amp
operatorship granted by SA regulatory
authorities Tendering for acquisition of
3D seismic data complete
bull Exploration potential estimated at 530
mmboe gross recoverable risked
prospective resource
bull EampA drilling expected by end FY 2012-13
bull KG-ONN-20031 appraisal of largest
onshore discovery in KG basin
bull Ravva ldquoHigh Value High Riskrdquo deeper
prospect identified amp MC approval
received drilling planned in FY 2013-14
bull CBOS-2 Infill drilling campaign in
progress first well completed successfully
2100
1400
350
2007 2009 2011
Ne
t U
nri
ske
d P
rosp
ective
Re
so
urc
e (
mm
bo
e) Portfolio Growth
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
2 Corporate Presentation
Disclaimer
This material contains forward-looking statements regarding Cairn India and its affiliates our corporate plans future financial condition future results of operations future business plans and strategies All such forward- looking statements are based on our managements assumptions and beliefs in the light of information available to them at this time These forward-looking statements are by their nature subject to significant risks and uncertainties and actual results performance and achievements may be materially different from those expressed in such statements Factors that may cause actual results performance or achievements to differ from expectations include but are not limited to regulatory changes future levels of industry product supply demand and pricing weather and weather related impacts wars and acts of terrorism development and use of technology acts of competitors and other changes to business conditions Cairn India undertakes no obligation to revise any such forward-looking statements to reflect any changes in Cairn Indias expectations with regard thereto or any change in circumstances or events after the date hereof Unless otherwise stated the reserves and resource numbers within this document represent the views of Cairn India and do not represent the views of any other party including the Government of India the Directorate General of Hydrocarbons or any of Cairn Indiarsquos joint venture partner
3 Corporate Presentation
Overview
bull Amongst top 20 global independent EampP company Market
Cap gtUS$12bn
bull Q3 FY 2012-13 average daily gross operated production of
over 200000 boepd Currently operating ~25 of Indiarsquos
domestic oil production
bull Proven and Probable resource base over 1bn boe
bull Part of NIFTY DJIT30 amp MSCI index Free float ~31
bull Interim dividend of INR 5 per share paid for FY 2012-13 in
Nov12
ldquoFastest growing energy company in the world 2012rdquo - Platts Top 250
ldquoRunners up award to Raageshwari Oil Mine by National
Safety Awards (Mines) by GoIrdquo
ldquo16 awards in 26th Mines Safety week 2012 under aegis of DGMS Ajmerrdquo
DJIT30 Dow Jones India Titans 30 Index MSCI Morgan Stanley Composite Index
Float excludes Cairn Energy PLC holding
Vedanta Group - Twin Star Mauritius Holdings Ltd 387 Sesa Goa Ltd 184 Sesa Resources Ltd 17
Shareholding as on 23 January 2013
MF
26
Retail
25
Other
588
Vedanta Group
103
Cairn PLC
155 FII
71
FI 32
4 Corporate Presentation
Consistent Value Creation across Upstream EampP Chain
bull Strong Balance sheet with net cash of over US$ 25 bn
bull Increasing production profile Enhanced focus on exploration
bull Strong pipeline of exploration development and production assets
bull Unique manpower skill set across the EampP value chain
Early
Beginnings
Execution
Success
Exploration
Success
Market Cap (US$)
05bn 60bn 12bn
Market Cap of Cairn Energy PLC end 1999
Well poised for
further Growth
Ravva Re-development
Rajasthan amp CBOS-2 discoveries
World class Rajasthan
development
International
Foray
Sri Lanka deepwater discoveries
S Africa entry
1999 2007 2012
Cairn India
IPO (2007) Vedanta
Acquisition
5 Corporate Presentation
Vision and Strategy
Leverage our Strengths
bull Strong Eamp P Player
o Proven track record
of exploration and
development success
o Significant production
and cash flow
generation
bull Global Talent
o Diverse talent of
gt1400 people
bull Low Cost Operator
o Innovative application
of technology
through a focused strategy
bull Realize full potential of
world-class Rajasthan
asset through aggressive
exploration amp fast track
development
bull Build material positions in
2-3 focused core areas
internationally
bull Leverage strong presence
in India to build a larger
portfolio of Indian assets
to achieve our Vision
bull Best-in-class EampP
company
bull Balanced Portfolio of
assets
bull Partner of Choice for
Stakeholders
bull Superior business
performance
6 Corporate Presentation
World Class Asset Portfolio
bull Q3 FY 2012-13 Average Daily Gross operated production at 205014 boe Cairn (WI - Working Interest) production at 128058 boe
bull FY 2011-12 Reserve and Resource Replacement Ratio of 175
Offshore
KG-DWN-982^ WI 10
PKGM-1 (Ravva) WI 225
KG-OSN-20093 WI 100
PR-OSN-20041 WI 35
CBOS-2 WI 40
MB-DWN-20091 WI 100
International
SL 2007-01-001 WI 100
South Africa -
Block 1
WI 60
Producing Blocks Under Force Majeure ndash GoI granted conditional approval discussions in progress for unrestricted access
Farm in agreement signed on 16 August 2012 Assignment of 60 interest and ownership granted by SA regulatory authorities other approval on schedule
^ Cairn India is in final stages of executing the farm-out to its JV partner ONGC GoI approvals have been obtained
Onshore
RJ-ON-901) WI 70
KG-ONN-20031 WI 49
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
MB-DWN-20091
CBOS-2
RJ-ON-901
RAVVA
SL-2007-01-001
SOUTH
AFRICA BLOCK 1
Operating Blocks Non-Operating Blocks
7 Corporate Presentation
Strong Financial Performance
Significant growth in revenue and
operating cash flow hellip hellip leading to strong balance sheet hellip
hellip providing flexibility to invest in growthhellip hellip and capital distribution
Cash Position in US$ bn as on 31 Dec 2012
Gross Cash 276
Debt (009)
Net Cash 267
Company wide Net Capex (US$ bn)
Till FY 2011-12 ~43
FY 2012-13 amp FY 2013-14 (E) ~20
bull Dividend payout policy of around 20 of
annual consolidated net profits
bull Paid Interim Cash Dividend of INR 5 per
equity share in Nov 2012 for FY 2012-13
Cash Flow from Operations (CFFO) refers to PAT (excluding other income and exceptional item) prior to non-cash expenses and
exploration costs
Capex Estimate Breakdown Rajasthan - 60 (Development 30 Exploration 30) Other Assets and New Ventures ndash 40
+39
CFFO
1745 1154
Revenue
+32
1529
2417
9m FY 2012-13
9m FY 2011-12
US
$ m
8 Corporate Presentation
218
101
64
590
Rajasthan Operational Highlights
bull RJ Exploration approval obtained target to drill first EampA well by
end FY 2012-13
bull Production from Rajasthan block at ~175000 bopd
bull Mangala field sustained production at peak rates over last
two years currently producing ~150000 bopd post GoI
approval measures underway for plateau sustenance
bull Bhagyam field currently producing between 20-25000
bopd focus on drilling of additional wells
bull Aishwariya field development on track expect commencement
of production by end FY 2012-13
bull Production ramp up to 200-215000 bopd by end FY 2013-14
bull Mangala EOR polymer pilot successful full field implementation
will result in plateau sustenance EOR ASP pilot expected to
begin by Q1 FY 2013-14
bull Pipeline debottlenecking trials via DRA application completed
JV alignment obtained Note In line with standard industry practice we expect routine downtime of 3-5 for the MPT facilities
Subject to GoI approval Drag Reducing Agent
9 Corporate Presentation
218
101
64
590
Rajasthan Crude Offtake
bull Sold more than 130 mm bbls of crude to Indian refiners
generated gross revenues in excess of US$ 12 bn to date
bull Current sales arrangements in excess of 175000 bopd with PSU
amp Private refineries negotiations ongoing for FY 13-14 renewal
bull Crude Pricing
o Benchmarked to comparable low sulphur crude - Bonny
Light
o Discount guidance at an average of 10-15 to Brent
bull The MPT to Salaya section of the pipeline is currently operating
at ~175000 bopd continues to safely deliver crude oil
o Recorded more than 6 million LTI-free man hours to date
o Provides access to over 16 mm bd refining capacity
o Debottlenecking trials completed JV alignment obtained
bull Work initiated on ~80 km Salaya to Bhogat section expected to
be mechanically completed in H1 CY 2013
10 Corporate Presentation
Future Development amp Prospective
Resource
Rajasthan Resource and Value Potential
Gross
In Place
Gross EUR
Resource
Potential
(mm boe)
Expected Gross
Production
(kbopd)
1044 (~48)
Under Development
165 530 (~8) (~17)
MBARS BH + 19 Disc EXPLORATION 7278
Total
1739
3100 2168 2010 11
24
inc from
previous
Block Map with 25 discoveries to date
Note- Gross EUR Includes EOR potential of 238 mmbbls balance 70mmbbls booked as reserves MBARS ndash Mangala Bhagyam Aishwariya Raageshwari Saraswati
Company upgraded the numbers as on 31 March 2012 By end FY 2013-14 Subject to approvals
~175
300
200 - 215
Apr-12 FY 2013-14
11 Corporate Presentation
Securing Long-Term Growth through Exploration
Focused on growing our portfolio Rajasthan ndash Realize full basin potential
Growth in India hellip hellip and focused international areas
bull Sri Lanka Opened up Mannar basin
through gas discoveries Drilling of
phase 2 exploration well advanced by
quarter to Q4FY 2012-13
bull South Africa 60 interest amp
operatorship granted by SA regulatory
authorities Tendering for acquisition of
3D seismic data complete
bull Exploration potential estimated at 530
mmboe gross recoverable risked
prospective resource
bull EampA drilling expected by end FY 2012-13
bull KG-ONN-20031 appraisal of largest
onshore discovery in KG basin
bull Ravva ldquoHigh Value High Riskrdquo deeper
prospect identified amp MC approval
received drilling planned in FY 2013-14
bull CBOS-2 Infill drilling campaign in
progress first well completed successfully
2100
1400
350
2007 2009 2011
Ne
t U
nri
ske
d P
rosp
ective
Re
so
urc
e (
mm
bo
e) Portfolio Growth
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
3 Corporate Presentation
Overview
bull Amongst top 20 global independent EampP company Market
Cap gtUS$12bn
bull Q3 FY 2012-13 average daily gross operated production of
over 200000 boepd Currently operating ~25 of Indiarsquos
domestic oil production
bull Proven and Probable resource base over 1bn boe
bull Part of NIFTY DJIT30 amp MSCI index Free float ~31
bull Interim dividend of INR 5 per share paid for FY 2012-13 in
Nov12
ldquoFastest growing energy company in the world 2012rdquo - Platts Top 250
ldquoRunners up award to Raageshwari Oil Mine by National
Safety Awards (Mines) by GoIrdquo
ldquo16 awards in 26th Mines Safety week 2012 under aegis of DGMS Ajmerrdquo
DJIT30 Dow Jones India Titans 30 Index MSCI Morgan Stanley Composite Index
Float excludes Cairn Energy PLC holding
Vedanta Group - Twin Star Mauritius Holdings Ltd 387 Sesa Goa Ltd 184 Sesa Resources Ltd 17
Shareholding as on 23 January 2013
MF
26
Retail
25
Other
588
Vedanta Group
103
Cairn PLC
155 FII
71
FI 32
4 Corporate Presentation
Consistent Value Creation across Upstream EampP Chain
bull Strong Balance sheet with net cash of over US$ 25 bn
bull Increasing production profile Enhanced focus on exploration
bull Strong pipeline of exploration development and production assets
bull Unique manpower skill set across the EampP value chain
Early
Beginnings
Execution
Success
Exploration
Success
Market Cap (US$)
05bn 60bn 12bn
Market Cap of Cairn Energy PLC end 1999
Well poised for
further Growth
Ravva Re-development
Rajasthan amp CBOS-2 discoveries
World class Rajasthan
development
International
Foray
Sri Lanka deepwater discoveries
S Africa entry
1999 2007 2012
Cairn India
IPO (2007) Vedanta
Acquisition
5 Corporate Presentation
Vision and Strategy
Leverage our Strengths
bull Strong Eamp P Player
o Proven track record
of exploration and
development success
o Significant production
and cash flow
generation
bull Global Talent
o Diverse talent of
gt1400 people
bull Low Cost Operator
o Innovative application
of technology
through a focused strategy
bull Realize full potential of
world-class Rajasthan
asset through aggressive
exploration amp fast track
development
bull Build material positions in
2-3 focused core areas
internationally
bull Leverage strong presence
in India to build a larger
portfolio of Indian assets
to achieve our Vision
bull Best-in-class EampP
company
bull Balanced Portfolio of
assets
bull Partner of Choice for
Stakeholders
bull Superior business
performance
6 Corporate Presentation
World Class Asset Portfolio
bull Q3 FY 2012-13 Average Daily Gross operated production at 205014 boe Cairn (WI - Working Interest) production at 128058 boe
bull FY 2011-12 Reserve and Resource Replacement Ratio of 175
Offshore
KG-DWN-982^ WI 10
PKGM-1 (Ravva) WI 225
KG-OSN-20093 WI 100
PR-OSN-20041 WI 35
CBOS-2 WI 40
MB-DWN-20091 WI 100
International
SL 2007-01-001 WI 100
South Africa -
Block 1
WI 60
Producing Blocks Under Force Majeure ndash GoI granted conditional approval discussions in progress for unrestricted access
Farm in agreement signed on 16 August 2012 Assignment of 60 interest and ownership granted by SA regulatory authorities other approval on schedule
^ Cairn India is in final stages of executing the farm-out to its JV partner ONGC GoI approvals have been obtained
Onshore
RJ-ON-901) WI 70
KG-ONN-20031 WI 49
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
MB-DWN-20091
CBOS-2
RJ-ON-901
RAVVA
SL-2007-01-001
SOUTH
AFRICA BLOCK 1
Operating Blocks Non-Operating Blocks
7 Corporate Presentation
Strong Financial Performance
Significant growth in revenue and
operating cash flow hellip hellip leading to strong balance sheet hellip
hellip providing flexibility to invest in growthhellip hellip and capital distribution
Cash Position in US$ bn as on 31 Dec 2012
Gross Cash 276
Debt (009)
Net Cash 267
Company wide Net Capex (US$ bn)
Till FY 2011-12 ~43
FY 2012-13 amp FY 2013-14 (E) ~20
bull Dividend payout policy of around 20 of
annual consolidated net profits
bull Paid Interim Cash Dividend of INR 5 per
equity share in Nov 2012 for FY 2012-13
Cash Flow from Operations (CFFO) refers to PAT (excluding other income and exceptional item) prior to non-cash expenses and
exploration costs
Capex Estimate Breakdown Rajasthan - 60 (Development 30 Exploration 30) Other Assets and New Ventures ndash 40
+39
CFFO
1745 1154
Revenue
+32
1529
2417
9m FY 2012-13
9m FY 2011-12
US
$ m
8 Corporate Presentation
218
101
64
590
Rajasthan Operational Highlights
bull RJ Exploration approval obtained target to drill first EampA well by
end FY 2012-13
bull Production from Rajasthan block at ~175000 bopd
bull Mangala field sustained production at peak rates over last
two years currently producing ~150000 bopd post GoI
approval measures underway for plateau sustenance
bull Bhagyam field currently producing between 20-25000
bopd focus on drilling of additional wells
bull Aishwariya field development on track expect commencement
of production by end FY 2012-13
bull Production ramp up to 200-215000 bopd by end FY 2013-14
bull Mangala EOR polymer pilot successful full field implementation
will result in plateau sustenance EOR ASP pilot expected to
begin by Q1 FY 2013-14
bull Pipeline debottlenecking trials via DRA application completed
JV alignment obtained Note In line with standard industry practice we expect routine downtime of 3-5 for the MPT facilities
Subject to GoI approval Drag Reducing Agent
9 Corporate Presentation
218
101
64
590
Rajasthan Crude Offtake
bull Sold more than 130 mm bbls of crude to Indian refiners
generated gross revenues in excess of US$ 12 bn to date
bull Current sales arrangements in excess of 175000 bopd with PSU
amp Private refineries negotiations ongoing for FY 13-14 renewal
bull Crude Pricing
o Benchmarked to comparable low sulphur crude - Bonny
Light
o Discount guidance at an average of 10-15 to Brent
bull The MPT to Salaya section of the pipeline is currently operating
at ~175000 bopd continues to safely deliver crude oil
o Recorded more than 6 million LTI-free man hours to date
o Provides access to over 16 mm bd refining capacity
o Debottlenecking trials completed JV alignment obtained
bull Work initiated on ~80 km Salaya to Bhogat section expected to
be mechanically completed in H1 CY 2013
10 Corporate Presentation
Future Development amp Prospective
Resource
Rajasthan Resource and Value Potential
Gross
In Place
Gross EUR
Resource
Potential
(mm boe)
Expected Gross
Production
(kbopd)
1044 (~48)
Under Development
165 530 (~8) (~17)
MBARS BH + 19 Disc EXPLORATION 7278
Total
1739
3100 2168 2010 11
24
inc from
previous
Block Map with 25 discoveries to date
Note- Gross EUR Includes EOR potential of 238 mmbbls balance 70mmbbls booked as reserves MBARS ndash Mangala Bhagyam Aishwariya Raageshwari Saraswati
Company upgraded the numbers as on 31 March 2012 By end FY 2013-14 Subject to approvals
~175
300
200 - 215
Apr-12 FY 2013-14
11 Corporate Presentation
Securing Long-Term Growth through Exploration
Focused on growing our portfolio Rajasthan ndash Realize full basin potential
Growth in India hellip hellip and focused international areas
bull Sri Lanka Opened up Mannar basin
through gas discoveries Drilling of
phase 2 exploration well advanced by
quarter to Q4FY 2012-13
bull South Africa 60 interest amp
operatorship granted by SA regulatory
authorities Tendering for acquisition of
3D seismic data complete
bull Exploration potential estimated at 530
mmboe gross recoverable risked
prospective resource
bull EampA drilling expected by end FY 2012-13
bull KG-ONN-20031 appraisal of largest
onshore discovery in KG basin
bull Ravva ldquoHigh Value High Riskrdquo deeper
prospect identified amp MC approval
received drilling planned in FY 2013-14
bull CBOS-2 Infill drilling campaign in
progress first well completed successfully
2100
1400
350
2007 2009 2011
Ne
t U
nri
ske
d P
rosp
ective
Re
so
urc
e (
mm
bo
e) Portfolio Growth
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
4 Corporate Presentation
Consistent Value Creation across Upstream EampP Chain
bull Strong Balance sheet with net cash of over US$ 25 bn
bull Increasing production profile Enhanced focus on exploration
bull Strong pipeline of exploration development and production assets
bull Unique manpower skill set across the EampP value chain
Early
Beginnings
Execution
Success
Exploration
Success
Market Cap (US$)
05bn 60bn 12bn
Market Cap of Cairn Energy PLC end 1999
Well poised for
further Growth
Ravva Re-development
Rajasthan amp CBOS-2 discoveries
World class Rajasthan
development
International
Foray
Sri Lanka deepwater discoveries
S Africa entry
1999 2007 2012
Cairn India
IPO (2007) Vedanta
Acquisition
5 Corporate Presentation
Vision and Strategy
Leverage our Strengths
bull Strong Eamp P Player
o Proven track record
of exploration and
development success
o Significant production
and cash flow
generation
bull Global Talent
o Diverse talent of
gt1400 people
bull Low Cost Operator
o Innovative application
of technology
through a focused strategy
bull Realize full potential of
world-class Rajasthan
asset through aggressive
exploration amp fast track
development
bull Build material positions in
2-3 focused core areas
internationally
bull Leverage strong presence
in India to build a larger
portfolio of Indian assets
to achieve our Vision
bull Best-in-class EampP
company
bull Balanced Portfolio of
assets
bull Partner of Choice for
Stakeholders
bull Superior business
performance
6 Corporate Presentation
World Class Asset Portfolio
bull Q3 FY 2012-13 Average Daily Gross operated production at 205014 boe Cairn (WI - Working Interest) production at 128058 boe
bull FY 2011-12 Reserve and Resource Replacement Ratio of 175
Offshore
KG-DWN-982^ WI 10
PKGM-1 (Ravva) WI 225
KG-OSN-20093 WI 100
PR-OSN-20041 WI 35
CBOS-2 WI 40
MB-DWN-20091 WI 100
International
SL 2007-01-001 WI 100
South Africa -
Block 1
WI 60
Producing Blocks Under Force Majeure ndash GoI granted conditional approval discussions in progress for unrestricted access
Farm in agreement signed on 16 August 2012 Assignment of 60 interest and ownership granted by SA regulatory authorities other approval on schedule
^ Cairn India is in final stages of executing the farm-out to its JV partner ONGC GoI approvals have been obtained
Onshore
RJ-ON-901) WI 70
KG-ONN-20031 WI 49
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
MB-DWN-20091
CBOS-2
RJ-ON-901
RAVVA
SL-2007-01-001
SOUTH
AFRICA BLOCK 1
Operating Blocks Non-Operating Blocks
7 Corporate Presentation
Strong Financial Performance
Significant growth in revenue and
operating cash flow hellip hellip leading to strong balance sheet hellip
hellip providing flexibility to invest in growthhellip hellip and capital distribution
Cash Position in US$ bn as on 31 Dec 2012
Gross Cash 276
Debt (009)
Net Cash 267
Company wide Net Capex (US$ bn)
Till FY 2011-12 ~43
FY 2012-13 amp FY 2013-14 (E) ~20
bull Dividend payout policy of around 20 of
annual consolidated net profits
bull Paid Interim Cash Dividend of INR 5 per
equity share in Nov 2012 for FY 2012-13
Cash Flow from Operations (CFFO) refers to PAT (excluding other income and exceptional item) prior to non-cash expenses and
exploration costs
Capex Estimate Breakdown Rajasthan - 60 (Development 30 Exploration 30) Other Assets and New Ventures ndash 40
+39
CFFO
1745 1154
Revenue
+32
1529
2417
9m FY 2012-13
9m FY 2011-12
US
$ m
8 Corporate Presentation
218
101
64
590
Rajasthan Operational Highlights
bull RJ Exploration approval obtained target to drill first EampA well by
end FY 2012-13
bull Production from Rajasthan block at ~175000 bopd
bull Mangala field sustained production at peak rates over last
two years currently producing ~150000 bopd post GoI
approval measures underway for plateau sustenance
bull Bhagyam field currently producing between 20-25000
bopd focus on drilling of additional wells
bull Aishwariya field development on track expect commencement
of production by end FY 2012-13
bull Production ramp up to 200-215000 bopd by end FY 2013-14
bull Mangala EOR polymer pilot successful full field implementation
will result in plateau sustenance EOR ASP pilot expected to
begin by Q1 FY 2013-14
bull Pipeline debottlenecking trials via DRA application completed
JV alignment obtained Note In line with standard industry practice we expect routine downtime of 3-5 for the MPT facilities
Subject to GoI approval Drag Reducing Agent
9 Corporate Presentation
218
101
64
590
Rajasthan Crude Offtake
bull Sold more than 130 mm bbls of crude to Indian refiners
generated gross revenues in excess of US$ 12 bn to date
bull Current sales arrangements in excess of 175000 bopd with PSU
amp Private refineries negotiations ongoing for FY 13-14 renewal
bull Crude Pricing
o Benchmarked to comparable low sulphur crude - Bonny
Light
o Discount guidance at an average of 10-15 to Brent
bull The MPT to Salaya section of the pipeline is currently operating
at ~175000 bopd continues to safely deliver crude oil
o Recorded more than 6 million LTI-free man hours to date
o Provides access to over 16 mm bd refining capacity
o Debottlenecking trials completed JV alignment obtained
bull Work initiated on ~80 km Salaya to Bhogat section expected to
be mechanically completed in H1 CY 2013
10 Corporate Presentation
Future Development amp Prospective
Resource
Rajasthan Resource and Value Potential
Gross
In Place
Gross EUR
Resource
Potential
(mm boe)
Expected Gross
Production
(kbopd)
1044 (~48)
Under Development
165 530 (~8) (~17)
MBARS BH + 19 Disc EXPLORATION 7278
Total
1739
3100 2168 2010 11
24
inc from
previous
Block Map with 25 discoveries to date
Note- Gross EUR Includes EOR potential of 238 mmbbls balance 70mmbbls booked as reserves MBARS ndash Mangala Bhagyam Aishwariya Raageshwari Saraswati
Company upgraded the numbers as on 31 March 2012 By end FY 2013-14 Subject to approvals
~175
300
200 - 215
Apr-12 FY 2013-14
11 Corporate Presentation
Securing Long-Term Growth through Exploration
Focused on growing our portfolio Rajasthan ndash Realize full basin potential
Growth in India hellip hellip and focused international areas
bull Sri Lanka Opened up Mannar basin
through gas discoveries Drilling of
phase 2 exploration well advanced by
quarter to Q4FY 2012-13
bull South Africa 60 interest amp
operatorship granted by SA regulatory
authorities Tendering for acquisition of
3D seismic data complete
bull Exploration potential estimated at 530
mmboe gross recoverable risked
prospective resource
bull EampA drilling expected by end FY 2012-13
bull KG-ONN-20031 appraisal of largest
onshore discovery in KG basin
bull Ravva ldquoHigh Value High Riskrdquo deeper
prospect identified amp MC approval
received drilling planned in FY 2013-14
bull CBOS-2 Infill drilling campaign in
progress first well completed successfully
2100
1400
350
2007 2009 2011
Ne
t U
nri
ske
d P
rosp
ective
Re
so
urc
e (
mm
bo
e) Portfolio Growth
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
5 Corporate Presentation
Vision and Strategy
Leverage our Strengths
bull Strong Eamp P Player
o Proven track record
of exploration and
development success
o Significant production
and cash flow
generation
bull Global Talent
o Diverse talent of
gt1400 people
bull Low Cost Operator
o Innovative application
of technology
through a focused strategy
bull Realize full potential of
world-class Rajasthan
asset through aggressive
exploration amp fast track
development
bull Build material positions in
2-3 focused core areas
internationally
bull Leverage strong presence
in India to build a larger
portfolio of Indian assets
to achieve our Vision
bull Best-in-class EampP
company
bull Balanced Portfolio of
assets
bull Partner of Choice for
Stakeholders
bull Superior business
performance
6 Corporate Presentation
World Class Asset Portfolio
bull Q3 FY 2012-13 Average Daily Gross operated production at 205014 boe Cairn (WI - Working Interest) production at 128058 boe
bull FY 2011-12 Reserve and Resource Replacement Ratio of 175
Offshore
KG-DWN-982^ WI 10
PKGM-1 (Ravva) WI 225
KG-OSN-20093 WI 100
PR-OSN-20041 WI 35
CBOS-2 WI 40
MB-DWN-20091 WI 100
International
SL 2007-01-001 WI 100
South Africa -
Block 1
WI 60
Producing Blocks Under Force Majeure ndash GoI granted conditional approval discussions in progress for unrestricted access
Farm in agreement signed on 16 August 2012 Assignment of 60 interest and ownership granted by SA regulatory authorities other approval on schedule
^ Cairn India is in final stages of executing the farm-out to its JV partner ONGC GoI approvals have been obtained
Onshore
RJ-ON-901) WI 70
KG-ONN-20031 WI 49
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
MB-DWN-20091
CBOS-2
RJ-ON-901
RAVVA
SL-2007-01-001
SOUTH
AFRICA BLOCK 1
Operating Blocks Non-Operating Blocks
7 Corporate Presentation
Strong Financial Performance
Significant growth in revenue and
operating cash flow hellip hellip leading to strong balance sheet hellip
hellip providing flexibility to invest in growthhellip hellip and capital distribution
Cash Position in US$ bn as on 31 Dec 2012
Gross Cash 276
Debt (009)
Net Cash 267
Company wide Net Capex (US$ bn)
Till FY 2011-12 ~43
FY 2012-13 amp FY 2013-14 (E) ~20
bull Dividend payout policy of around 20 of
annual consolidated net profits
bull Paid Interim Cash Dividend of INR 5 per
equity share in Nov 2012 for FY 2012-13
Cash Flow from Operations (CFFO) refers to PAT (excluding other income and exceptional item) prior to non-cash expenses and
exploration costs
Capex Estimate Breakdown Rajasthan - 60 (Development 30 Exploration 30) Other Assets and New Ventures ndash 40
+39
CFFO
1745 1154
Revenue
+32
1529
2417
9m FY 2012-13
9m FY 2011-12
US
$ m
8 Corporate Presentation
218
101
64
590
Rajasthan Operational Highlights
bull RJ Exploration approval obtained target to drill first EampA well by
end FY 2012-13
bull Production from Rajasthan block at ~175000 bopd
bull Mangala field sustained production at peak rates over last
two years currently producing ~150000 bopd post GoI
approval measures underway for plateau sustenance
bull Bhagyam field currently producing between 20-25000
bopd focus on drilling of additional wells
bull Aishwariya field development on track expect commencement
of production by end FY 2012-13
bull Production ramp up to 200-215000 bopd by end FY 2013-14
bull Mangala EOR polymer pilot successful full field implementation
will result in plateau sustenance EOR ASP pilot expected to
begin by Q1 FY 2013-14
bull Pipeline debottlenecking trials via DRA application completed
JV alignment obtained Note In line with standard industry practice we expect routine downtime of 3-5 for the MPT facilities
Subject to GoI approval Drag Reducing Agent
9 Corporate Presentation
218
101
64
590
Rajasthan Crude Offtake
bull Sold more than 130 mm bbls of crude to Indian refiners
generated gross revenues in excess of US$ 12 bn to date
bull Current sales arrangements in excess of 175000 bopd with PSU
amp Private refineries negotiations ongoing for FY 13-14 renewal
bull Crude Pricing
o Benchmarked to comparable low sulphur crude - Bonny
Light
o Discount guidance at an average of 10-15 to Brent
bull The MPT to Salaya section of the pipeline is currently operating
at ~175000 bopd continues to safely deliver crude oil
o Recorded more than 6 million LTI-free man hours to date
o Provides access to over 16 mm bd refining capacity
o Debottlenecking trials completed JV alignment obtained
bull Work initiated on ~80 km Salaya to Bhogat section expected to
be mechanically completed in H1 CY 2013
10 Corporate Presentation
Future Development amp Prospective
Resource
Rajasthan Resource and Value Potential
Gross
In Place
Gross EUR
Resource
Potential
(mm boe)
Expected Gross
Production
(kbopd)
1044 (~48)
Under Development
165 530 (~8) (~17)
MBARS BH + 19 Disc EXPLORATION 7278
Total
1739
3100 2168 2010 11
24
inc from
previous
Block Map with 25 discoveries to date
Note- Gross EUR Includes EOR potential of 238 mmbbls balance 70mmbbls booked as reserves MBARS ndash Mangala Bhagyam Aishwariya Raageshwari Saraswati
Company upgraded the numbers as on 31 March 2012 By end FY 2013-14 Subject to approvals
~175
300
200 - 215
Apr-12 FY 2013-14
11 Corporate Presentation
Securing Long-Term Growth through Exploration
Focused on growing our portfolio Rajasthan ndash Realize full basin potential
Growth in India hellip hellip and focused international areas
bull Sri Lanka Opened up Mannar basin
through gas discoveries Drilling of
phase 2 exploration well advanced by
quarter to Q4FY 2012-13
bull South Africa 60 interest amp
operatorship granted by SA regulatory
authorities Tendering for acquisition of
3D seismic data complete
bull Exploration potential estimated at 530
mmboe gross recoverable risked
prospective resource
bull EampA drilling expected by end FY 2012-13
bull KG-ONN-20031 appraisal of largest
onshore discovery in KG basin
bull Ravva ldquoHigh Value High Riskrdquo deeper
prospect identified amp MC approval
received drilling planned in FY 2013-14
bull CBOS-2 Infill drilling campaign in
progress first well completed successfully
2100
1400
350
2007 2009 2011
Ne
t U
nri
ske
d P
rosp
ective
Re
so
urc
e (
mm
bo
e) Portfolio Growth
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
6 Corporate Presentation
World Class Asset Portfolio
bull Q3 FY 2012-13 Average Daily Gross operated production at 205014 boe Cairn (WI - Working Interest) production at 128058 boe
bull FY 2011-12 Reserve and Resource Replacement Ratio of 175
Offshore
KG-DWN-982^ WI 10
PKGM-1 (Ravva) WI 225
KG-OSN-20093 WI 100
PR-OSN-20041 WI 35
CBOS-2 WI 40
MB-DWN-20091 WI 100
International
SL 2007-01-001 WI 100
South Africa -
Block 1
WI 60
Producing Blocks Under Force Majeure ndash GoI granted conditional approval discussions in progress for unrestricted access
Farm in agreement signed on 16 August 2012 Assignment of 60 interest and ownership granted by SA regulatory authorities other approval on schedule
^ Cairn India is in final stages of executing the farm-out to its JV partner ONGC GoI approvals have been obtained
Onshore
RJ-ON-901) WI 70
KG-ONN-20031 WI 49
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
MB-DWN-20091
CBOS-2
RJ-ON-901
RAVVA
SL-2007-01-001
SOUTH
AFRICA BLOCK 1
Operating Blocks Non-Operating Blocks
7 Corporate Presentation
Strong Financial Performance
Significant growth in revenue and
operating cash flow hellip hellip leading to strong balance sheet hellip
hellip providing flexibility to invest in growthhellip hellip and capital distribution
Cash Position in US$ bn as on 31 Dec 2012
Gross Cash 276
Debt (009)
Net Cash 267
Company wide Net Capex (US$ bn)
Till FY 2011-12 ~43
FY 2012-13 amp FY 2013-14 (E) ~20
bull Dividend payout policy of around 20 of
annual consolidated net profits
bull Paid Interim Cash Dividend of INR 5 per
equity share in Nov 2012 for FY 2012-13
Cash Flow from Operations (CFFO) refers to PAT (excluding other income and exceptional item) prior to non-cash expenses and
exploration costs
Capex Estimate Breakdown Rajasthan - 60 (Development 30 Exploration 30) Other Assets and New Ventures ndash 40
+39
CFFO
1745 1154
Revenue
+32
1529
2417
9m FY 2012-13
9m FY 2011-12
US
$ m
8 Corporate Presentation
218
101
64
590
Rajasthan Operational Highlights
bull RJ Exploration approval obtained target to drill first EampA well by
end FY 2012-13
bull Production from Rajasthan block at ~175000 bopd
bull Mangala field sustained production at peak rates over last
two years currently producing ~150000 bopd post GoI
approval measures underway for plateau sustenance
bull Bhagyam field currently producing between 20-25000
bopd focus on drilling of additional wells
bull Aishwariya field development on track expect commencement
of production by end FY 2012-13
bull Production ramp up to 200-215000 bopd by end FY 2013-14
bull Mangala EOR polymer pilot successful full field implementation
will result in plateau sustenance EOR ASP pilot expected to
begin by Q1 FY 2013-14
bull Pipeline debottlenecking trials via DRA application completed
JV alignment obtained Note In line with standard industry practice we expect routine downtime of 3-5 for the MPT facilities
Subject to GoI approval Drag Reducing Agent
9 Corporate Presentation
218
101
64
590
Rajasthan Crude Offtake
bull Sold more than 130 mm bbls of crude to Indian refiners
generated gross revenues in excess of US$ 12 bn to date
bull Current sales arrangements in excess of 175000 bopd with PSU
amp Private refineries negotiations ongoing for FY 13-14 renewal
bull Crude Pricing
o Benchmarked to comparable low sulphur crude - Bonny
Light
o Discount guidance at an average of 10-15 to Brent
bull The MPT to Salaya section of the pipeline is currently operating
at ~175000 bopd continues to safely deliver crude oil
o Recorded more than 6 million LTI-free man hours to date
o Provides access to over 16 mm bd refining capacity
o Debottlenecking trials completed JV alignment obtained
bull Work initiated on ~80 km Salaya to Bhogat section expected to
be mechanically completed in H1 CY 2013
10 Corporate Presentation
Future Development amp Prospective
Resource
Rajasthan Resource and Value Potential
Gross
In Place
Gross EUR
Resource
Potential
(mm boe)
Expected Gross
Production
(kbopd)
1044 (~48)
Under Development
165 530 (~8) (~17)
MBARS BH + 19 Disc EXPLORATION 7278
Total
1739
3100 2168 2010 11
24
inc from
previous
Block Map with 25 discoveries to date
Note- Gross EUR Includes EOR potential of 238 mmbbls balance 70mmbbls booked as reserves MBARS ndash Mangala Bhagyam Aishwariya Raageshwari Saraswati
Company upgraded the numbers as on 31 March 2012 By end FY 2013-14 Subject to approvals
~175
300
200 - 215
Apr-12 FY 2013-14
11 Corporate Presentation
Securing Long-Term Growth through Exploration
Focused on growing our portfolio Rajasthan ndash Realize full basin potential
Growth in India hellip hellip and focused international areas
bull Sri Lanka Opened up Mannar basin
through gas discoveries Drilling of
phase 2 exploration well advanced by
quarter to Q4FY 2012-13
bull South Africa 60 interest amp
operatorship granted by SA regulatory
authorities Tendering for acquisition of
3D seismic data complete
bull Exploration potential estimated at 530
mmboe gross recoverable risked
prospective resource
bull EampA drilling expected by end FY 2012-13
bull KG-ONN-20031 appraisal of largest
onshore discovery in KG basin
bull Ravva ldquoHigh Value High Riskrdquo deeper
prospect identified amp MC approval
received drilling planned in FY 2013-14
bull CBOS-2 Infill drilling campaign in
progress first well completed successfully
2100
1400
350
2007 2009 2011
Ne
t U
nri
ske
d P
rosp
ective
Re
so
urc
e (
mm
bo
e) Portfolio Growth
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
7 Corporate Presentation
Strong Financial Performance
Significant growth in revenue and
operating cash flow hellip hellip leading to strong balance sheet hellip
hellip providing flexibility to invest in growthhellip hellip and capital distribution
Cash Position in US$ bn as on 31 Dec 2012
Gross Cash 276
Debt (009)
Net Cash 267
Company wide Net Capex (US$ bn)
Till FY 2011-12 ~43
FY 2012-13 amp FY 2013-14 (E) ~20
bull Dividend payout policy of around 20 of
annual consolidated net profits
bull Paid Interim Cash Dividend of INR 5 per
equity share in Nov 2012 for FY 2012-13
Cash Flow from Operations (CFFO) refers to PAT (excluding other income and exceptional item) prior to non-cash expenses and
exploration costs
Capex Estimate Breakdown Rajasthan - 60 (Development 30 Exploration 30) Other Assets and New Ventures ndash 40
+39
CFFO
1745 1154
Revenue
+32
1529
2417
9m FY 2012-13
9m FY 2011-12
US
$ m
8 Corporate Presentation
218
101
64
590
Rajasthan Operational Highlights
bull RJ Exploration approval obtained target to drill first EampA well by
end FY 2012-13
bull Production from Rajasthan block at ~175000 bopd
bull Mangala field sustained production at peak rates over last
two years currently producing ~150000 bopd post GoI
approval measures underway for plateau sustenance
bull Bhagyam field currently producing between 20-25000
bopd focus on drilling of additional wells
bull Aishwariya field development on track expect commencement
of production by end FY 2012-13
bull Production ramp up to 200-215000 bopd by end FY 2013-14
bull Mangala EOR polymer pilot successful full field implementation
will result in plateau sustenance EOR ASP pilot expected to
begin by Q1 FY 2013-14
bull Pipeline debottlenecking trials via DRA application completed
JV alignment obtained Note In line with standard industry practice we expect routine downtime of 3-5 for the MPT facilities
Subject to GoI approval Drag Reducing Agent
9 Corporate Presentation
218
101
64
590
Rajasthan Crude Offtake
bull Sold more than 130 mm bbls of crude to Indian refiners
generated gross revenues in excess of US$ 12 bn to date
bull Current sales arrangements in excess of 175000 bopd with PSU
amp Private refineries negotiations ongoing for FY 13-14 renewal
bull Crude Pricing
o Benchmarked to comparable low sulphur crude - Bonny
Light
o Discount guidance at an average of 10-15 to Brent
bull The MPT to Salaya section of the pipeline is currently operating
at ~175000 bopd continues to safely deliver crude oil
o Recorded more than 6 million LTI-free man hours to date
o Provides access to over 16 mm bd refining capacity
o Debottlenecking trials completed JV alignment obtained
bull Work initiated on ~80 km Salaya to Bhogat section expected to
be mechanically completed in H1 CY 2013
10 Corporate Presentation
Future Development amp Prospective
Resource
Rajasthan Resource and Value Potential
Gross
In Place
Gross EUR
Resource
Potential
(mm boe)
Expected Gross
Production
(kbopd)
1044 (~48)
Under Development
165 530 (~8) (~17)
MBARS BH + 19 Disc EXPLORATION 7278
Total
1739
3100 2168 2010 11
24
inc from
previous
Block Map with 25 discoveries to date
Note- Gross EUR Includes EOR potential of 238 mmbbls balance 70mmbbls booked as reserves MBARS ndash Mangala Bhagyam Aishwariya Raageshwari Saraswati
Company upgraded the numbers as on 31 March 2012 By end FY 2013-14 Subject to approvals
~175
300
200 - 215
Apr-12 FY 2013-14
11 Corporate Presentation
Securing Long-Term Growth through Exploration
Focused on growing our portfolio Rajasthan ndash Realize full basin potential
Growth in India hellip hellip and focused international areas
bull Sri Lanka Opened up Mannar basin
through gas discoveries Drilling of
phase 2 exploration well advanced by
quarter to Q4FY 2012-13
bull South Africa 60 interest amp
operatorship granted by SA regulatory
authorities Tendering for acquisition of
3D seismic data complete
bull Exploration potential estimated at 530
mmboe gross recoverable risked
prospective resource
bull EampA drilling expected by end FY 2012-13
bull KG-ONN-20031 appraisal of largest
onshore discovery in KG basin
bull Ravva ldquoHigh Value High Riskrdquo deeper
prospect identified amp MC approval
received drilling planned in FY 2013-14
bull CBOS-2 Infill drilling campaign in
progress first well completed successfully
2100
1400
350
2007 2009 2011
Ne
t U
nri
ske
d P
rosp
ective
Re
so
urc
e (
mm
bo
e) Portfolio Growth
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
8 Corporate Presentation
218
101
64
590
Rajasthan Operational Highlights
bull RJ Exploration approval obtained target to drill first EampA well by
end FY 2012-13
bull Production from Rajasthan block at ~175000 bopd
bull Mangala field sustained production at peak rates over last
two years currently producing ~150000 bopd post GoI
approval measures underway for plateau sustenance
bull Bhagyam field currently producing between 20-25000
bopd focus on drilling of additional wells
bull Aishwariya field development on track expect commencement
of production by end FY 2012-13
bull Production ramp up to 200-215000 bopd by end FY 2013-14
bull Mangala EOR polymer pilot successful full field implementation
will result in plateau sustenance EOR ASP pilot expected to
begin by Q1 FY 2013-14
bull Pipeline debottlenecking trials via DRA application completed
JV alignment obtained Note In line with standard industry practice we expect routine downtime of 3-5 for the MPT facilities
Subject to GoI approval Drag Reducing Agent
9 Corporate Presentation
218
101
64
590
Rajasthan Crude Offtake
bull Sold more than 130 mm bbls of crude to Indian refiners
generated gross revenues in excess of US$ 12 bn to date
bull Current sales arrangements in excess of 175000 bopd with PSU
amp Private refineries negotiations ongoing for FY 13-14 renewal
bull Crude Pricing
o Benchmarked to comparable low sulphur crude - Bonny
Light
o Discount guidance at an average of 10-15 to Brent
bull The MPT to Salaya section of the pipeline is currently operating
at ~175000 bopd continues to safely deliver crude oil
o Recorded more than 6 million LTI-free man hours to date
o Provides access to over 16 mm bd refining capacity
o Debottlenecking trials completed JV alignment obtained
bull Work initiated on ~80 km Salaya to Bhogat section expected to
be mechanically completed in H1 CY 2013
10 Corporate Presentation
Future Development amp Prospective
Resource
Rajasthan Resource and Value Potential
Gross
In Place
Gross EUR
Resource
Potential
(mm boe)
Expected Gross
Production
(kbopd)
1044 (~48)
Under Development
165 530 (~8) (~17)
MBARS BH + 19 Disc EXPLORATION 7278
Total
1739
3100 2168 2010 11
24
inc from
previous
Block Map with 25 discoveries to date
Note- Gross EUR Includes EOR potential of 238 mmbbls balance 70mmbbls booked as reserves MBARS ndash Mangala Bhagyam Aishwariya Raageshwari Saraswati
Company upgraded the numbers as on 31 March 2012 By end FY 2013-14 Subject to approvals
~175
300
200 - 215
Apr-12 FY 2013-14
11 Corporate Presentation
Securing Long-Term Growth through Exploration
Focused on growing our portfolio Rajasthan ndash Realize full basin potential
Growth in India hellip hellip and focused international areas
bull Sri Lanka Opened up Mannar basin
through gas discoveries Drilling of
phase 2 exploration well advanced by
quarter to Q4FY 2012-13
bull South Africa 60 interest amp
operatorship granted by SA regulatory
authorities Tendering for acquisition of
3D seismic data complete
bull Exploration potential estimated at 530
mmboe gross recoverable risked
prospective resource
bull EampA drilling expected by end FY 2012-13
bull KG-ONN-20031 appraisal of largest
onshore discovery in KG basin
bull Ravva ldquoHigh Value High Riskrdquo deeper
prospect identified amp MC approval
received drilling planned in FY 2013-14
bull CBOS-2 Infill drilling campaign in
progress first well completed successfully
2100
1400
350
2007 2009 2011
Ne
t U
nri
ske
d P
rosp
ective
Re
so
urc
e (
mm
bo
e) Portfolio Growth
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
9 Corporate Presentation
218
101
64
590
Rajasthan Crude Offtake
bull Sold more than 130 mm bbls of crude to Indian refiners
generated gross revenues in excess of US$ 12 bn to date
bull Current sales arrangements in excess of 175000 bopd with PSU
amp Private refineries negotiations ongoing for FY 13-14 renewal
bull Crude Pricing
o Benchmarked to comparable low sulphur crude - Bonny
Light
o Discount guidance at an average of 10-15 to Brent
bull The MPT to Salaya section of the pipeline is currently operating
at ~175000 bopd continues to safely deliver crude oil
o Recorded more than 6 million LTI-free man hours to date
o Provides access to over 16 mm bd refining capacity
o Debottlenecking trials completed JV alignment obtained
bull Work initiated on ~80 km Salaya to Bhogat section expected to
be mechanically completed in H1 CY 2013
10 Corporate Presentation
Future Development amp Prospective
Resource
Rajasthan Resource and Value Potential
Gross
In Place
Gross EUR
Resource
Potential
(mm boe)
Expected Gross
Production
(kbopd)
1044 (~48)
Under Development
165 530 (~8) (~17)
MBARS BH + 19 Disc EXPLORATION 7278
Total
1739
3100 2168 2010 11
24
inc from
previous
Block Map with 25 discoveries to date
Note- Gross EUR Includes EOR potential of 238 mmbbls balance 70mmbbls booked as reserves MBARS ndash Mangala Bhagyam Aishwariya Raageshwari Saraswati
Company upgraded the numbers as on 31 March 2012 By end FY 2013-14 Subject to approvals
~175
300
200 - 215
Apr-12 FY 2013-14
11 Corporate Presentation
Securing Long-Term Growth through Exploration
Focused on growing our portfolio Rajasthan ndash Realize full basin potential
Growth in India hellip hellip and focused international areas
bull Sri Lanka Opened up Mannar basin
through gas discoveries Drilling of
phase 2 exploration well advanced by
quarter to Q4FY 2012-13
bull South Africa 60 interest amp
operatorship granted by SA regulatory
authorities Tendering for acquisition of
3D seismic data complete
bull Exploration potential estimated at 530
mmboe gross recoverable risked
prospective resource
bull EampA drilling expected by end FY 2012-13
bull KG-ONN-20031 appraisal of largest
onshore discovery in KG basin
bull Ravva ldquoHigh Value High Riskrdquo deeper
prospect identified amp MC approval
received drilling planned in FY 2013-14
bull CBOS-2 Infill drilling campaign in
progress first well completed successfully
2100
1400
350
2007 2009 2011
Ne
t U
nri
ske
d P
rosp
ective
Re
so
urc
e (
mm
bo
e) Portfolio Growth
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
10 Corporate Presentation
Future Development amp Prospective
Resource
Rajasthan Resource and Value Potential
Gross
In Place
Gross EUR
Resource
Potential
(mm boe)
Expected Gross
Production
(kbopd)
1044 (~48)
Under Development
165 530 (~8) (~17)
MBARS BH + 19 Disc EXPLORATION 7278
Total
1739
3100 2168 2010 11
24
inc from
previous
Block Map with 25 discoveries to date
Note- Gross EUR Includes EOR potential of 238 mmbbls balance 70mmbbls booked as reserves MBARS ndash Mangala Bhagyam Aishwariya Raageshwari Saraswati
Company upgraded the numbers as on 31 March 2012 By end FY 2013-14 Subject to approvals
~175
300
200 - 215
Apr-12 FY 2013-14
11 Corporate Presentation
Securing Long-Term Growth through Exploration
Focused on growing our portfolio Rajasthan ndash Realize full basin potential
Growth in India hellip hellip and focused international areas
bull Sri Lanka Opened up Mannar basin
through gas discoveries Drilling of
phase 2 exploration well advanced by
quarter to Q4FY 2012-13
bull South Africa 60 interest amp
operatorship granted by SA regulatory
authorities Tendering for acquisition of
3D seismic data complete
bull Exploration potential estimated at 530
mmboe gross recoverable risked
prospective resource
bull EampA drilling expected by end FY 2012-13
bull KG-ONN-20031 appraisal of largest
onshore discovery in KG basin
bull Ravva ldquoHigh Value High Riskrdquo deeper
prospect identified amp MC approval
received drilling planned in FY 2013-14
bull CBOS-2 Infill drilling campaign in
progress first well completed successfully
2100
1400
350
2007 2009 2011
Ne
t U
nri
ske
d P
rosp
ective
Re
so
urc
e (
mm
bo
e) Portfolio Growth
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
11 Corporate Presentation
Securing Long-Term Growth through Exploration
Focused on growing our portfolio Rajasthan ndash Realize full basin potential
Growth in India hellip hellip and focused international areas
bull Sri Lanka Opened up Mannar basin
through gas discoveries Drilling of
phase 2 exploration well advanced by
quarter to Q4FY 2012-13
bull South Africa 60 interest amp
operatorship granted by SA regulatory
authorities Tendering for acquisition of
3D seismic data complete
bull Exploration potential estimated at 530
mmboe gross recoverable risked
prospective resource
bull EampA drilling expected by end FY 2012-13
bull KG-ONN-20031 appraisal of largest
onshore discovery in KG basin
bull Ravva ldquoHigh Value High Riskrdquo deeper
prospect identified amp MC approval
received drilling planned in FY 2013-14
bull CBOS-2 Infill drilling campaign in
progress first well completed successfully
2100
1400
350
2007 2009 2011
Ne
t U
nri
ske
d P
rosp
ective
Re
so
urc
e (
mm
bo
e) Portfolio Growth
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
12 Corporate Presentation
Portfolio Exploration Work Program
Block Exploration Work Program
RJ-ON-901 EampA well drilling by end FY 2012-
13
Ravva Exploration well drilling in FY
2013-14
CBOS-2 Infill drilling on going
KG-ONN-20031
Appraisal well drilling planned in
Q1 FY 2013-14 to evaluate size
amp commerciality of 2nd discovery-
Nagayalanka-SE-1
KG-DWN-982 Under divestment (GoI approvals
obtained)
KG-OSN-20093 GoI granted conditional access
discussions ongoing for
unrestricted access
PR-OSN-20041
MB-DWN-20091
SL-2007-01-001 Phase 2 Exploration drilling in
Feb 2013
Block 1 (South Africa) Tendering for acquisition of 3D
seismic data completed Successful exploration with gt10 years success ratio of ~50
Play based approach to build portfolio
Non Operated Block ndash Under divestment
SRI LANKA
PR-OSN-20041
KG-DWN-982
KG-ONN-20031
KG-OSN-20093
INDIA
SOUTH AFRICA
MB-DWN-20091
CBOS-2
RJ-ON-901
BLOCK 1
RAVVA
SL-2007-01-001
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
13 Corporate Presentation
High Value Exploration in Rajasthan
Received GoI approval on further exploration in the
block
Aggressive exploration program slated -
Identified ~100 prospects in the block targeting 530
mmboe gross recoverable risked prospective
resource
Plan to drill ~30 EampA wells in a year (~100 wells in 3
years)
Plan to initially drill out high potential prospects and
number of play types
Additional 3D seismic data acquisition and processing
over 3 years covering gt50 of block area
Target to drill first EampA well by end FY 2012-13
Appraisal wells
Exploration Wells
FY 2013-14
Proposed EampA Wells
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
14 Corporate Presentation
NAGAYALANKA-1Z
A Arsquo
NAGAYALANKA-SE-1
Early Syn-Rift
Basement
Raghavapuram Shale
Late Syn-Rift
GolapalliSand
((
lN
0 5 km
Oil Discovery
Discovery WellRiver
KG-ONN-2003-1 Block
India
LEGEND
Nagayalanka-1z
Nagayalanka-SE-1
Nagayalanka
Arsquo
A
High Impact Exploration in KG Onshore - East Coast of
India
Established New play
bull Nagayalanka-SE discovery- largest
oil discovery in KG onshore to date
two successive oil discoveries in the
block
bull Deeper Cretaceous play established
in less explored region
bull Appraisal activity is being planned to
evaluate size and commerciality
bull Two successful wells proved Gross
oil column of 300 meters
bull Cumulative In-place volumes at
~550 mm boe
bull DoC for the first discovery filed
bull Tendering for rig amp services ongoing for appraisal drilling in Q1 FY 2013-14
to evaluate size and commerciality of Nagayalanka-SE-1
bull A total of 6 wells drilled in the block during Phase 1 amp 2
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
15 Corporate Presentation
Frontier Deep Water Exploration ndash Sri Lanka
A
Arsquo
BARRACUDA DORADO
Basement
Cretaceous
Eocene
A Arsquo
Successful Frontier Deepwater Exploration
bull Dorado-91H1z First well in SL after three
decades first deep water well in SL
bull First ever discovery of hydrocarbons in SL
bull Barrcuda-1G1 2nd successive Gas
discovery
bull Establishment of a working hydrocarbon
system in the Mannar Basin
bull Potential commercial interest notification
submitted for the two discoveries
Forward programme (Phase 2)
bull Additional 600 km2 high quality 3D seismic completed
bull Exploration well drilling under Phase 2 advanced by a quarter Rig
secured amp spud planned in February 2013
A
Arsquo
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
16 Corporate Presentation
Diverse and Experienced Talent Pool
Global Expertise
bull Leadership from 9 nationalities across 4
continents
bull Prior experience across more than 50 countries
Experience amp Depth
bull Strong base in India with over 1400 people
bull Young and dynamic workforce with average age
of ~37 years
bull Senior leadership experience with an average of
over 24 years
bull Geo ndash technical experience with an average of
over 11 years
bull Project amp Operations experience with an average
of over 14 years
bull Support experience with an average of over 13
years
~2000
Dec-12
1449
276
1173
Dec-06
562
96
466
IPO Current Budgeted
Support
Technical
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
17 Corporate Presentation
Partnership with the Community
bull Local content development
o Through Enterprise Center
o Create pool of skilled manpower
bull Proactive engagement with stakeholders
bull Demonstrate leadership in corporate citizenship
bull Partnering with communities through our principles of
respect relationship and responsibility
Health
Education
Economic
Development
Infrastructure
Development
Areas of Focus
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
18 Corporate Presentation
Summary
bull Amongst top 20 Global independent EampP players with world-class assets
bull Proven track record of Exploration and Development success
bull Strong Balance Sheet providing flexibility to invest in growth and support dividend policy
bull Focused strategy to deliver stated Vision
o Rajasthan - Realize full potential of world-class asset through aggressive exploration and fast-
track development
o International ndash Build material position in 2-3 core areas
o India ndash Build larger portfolio of assets
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom
19 Corporate Presentation
218
101
64
590
Contact Details
SRI LANKA
Investor Relations
Anurag Pattnaik DGM - Geology amp Investor Relations
Email cilircairnindiacom
M +91 ndash 99104 87716
Media
Dr Sunil Bharati Head - Corporate Affairs amp Communications
Email cilmediainfocairnindiacom
M +91 - 99104 86055
Address
Cairn India Ltd
4th Floor Vipul Plaza
Sun City Sector-54
Gurgaon 122 002 India
wwwcairnindiacom