Cairn India Corporate Brochure 2013

forExploringTomorrow

ContentVision and Core Values 3This is Cairn 4Asset Portfolio 5Producing Assets 8Creating Value 9World-class Resource Base 12Growth Journey 13Rajasthan assets: FY2014 - 2016 15Application of Technology: Many Firsts 17Competitive Advantage 20 Inclusive Growth Initiatives 22 HSE 24Our Talent 25

Cairn India is amongst the world’s fastest-growing independent oil and natural gas exploration and production companies, with 1.3 billion boe of gross proved and probable reserves and resources as of 31 March 2013 and 205,323 boepd of average operated production in FY2013. We combine a world-class asset portfolio with proven expertise across exploration, development and production. We deliver best-in-class production growth with one of the lowest operating costs to create significant value for all stakeholders.

212,442*

US$ 3.2 billion

US$ 2 billion

>40

US$ 3 billion

Re-commenced exploration in the Rajasthan block

Average gross operated production (boepd)

Record revenues in FY2013

Discoveries to date

Cash flow generated in FY2013

Net Capex through FY2016

*Q1 FY2014 results

Cairn india Limited3

• Become a global, world class E&P company

• Establishadiversifiedandsustainableportfolio

• Deliver long term value to stakeholders

• Pioneering energy and enriching lives

• Pioneering spirit, teamwork, respect and ownership

• Innovative thinking and a "Can Do" attitude

• Commitment towards the communities

• Safeguard the environment

Vision and Core Values

CaIrn IndIa LIMIted3

Cairn india Limited 4

• Amongst top 20 global independent E&P companies

• Market capitalisation > US$ 10 billion

• Production from operated assets constitute ~27 per cent of India’s crude oil production

• Opened 3 new frontier basins with over 40 discoveries

• 1.3 billion boe of gross proved and probable reserves and resources

• Built world’s longest (~600 kms) continuously heated and insulated pipeline

• In2004discoveredtheMangalafieldinRajasthan;largest onshore oil discovery in India in more than two decades

• Portfolio of 9 blocks - one block in Rajasthan, two on the west coast and four on the east coast of India and one each in Sri Lanka and South Africa

• Three producing assets: Rajasthan and Cambay in the west and Ravva in the east of India

This is Cairn

• Cairn Energy acquired Command Petroleum Ltd in 1996 • BecameoneofthefirstUKcompaniestoinvestintheIndianoilandgassector• CairnEnergysuccessfullyconcludedtheflotationofitsIndianbusinessinJanuary2007;heldthe

majority shareholding in Cairn India Limited• August 2010 saw the announcement of a shareholder level transaction between Cairn Energy

and Vedanta Resources plc• The Vedanta Group became the promoter of Cairn India in December 2011

History

Block 1 Completed 3d seismic survey in May 2013; 1 additional block under a technical Cooperation Permit (tCP) – 1 year study period ending February 2014

SOUTH AFRICA

Asset Portfolio


KG-OSN-2009/3 In exploration period

PR-OSN-2004/1 In exploration period

MB-DWN-2009/1 In exploration period

CB/OS-2 2 new wells and 1 work-over well put into production, which led to almost doubling of the oil volumes

KG-ONN-2003/1 appraisal drilling commenced in June 2013 to evaluate size and commerciality of the second discovery - nagayalanka-Se-1

Ravva - PKGM-1 drill deeper prospect in H2 FY2014

Sri Lanka exploring options to monetize existing 2 gas discoveries; evaluating appraisal scenarios

RJ-ON-90/1 aggressive exploration programme – 3 exploration wells drilled

InDIA

note: Updated till Q1 FY2014

CaIrn IndIa LIMIted 6

Cairn india Limited7 CaIrn IndIa LIMIted7


rajasthan (rJ-On-90/1)

• Fiveproducingfields-Mangala,Saraswati,Bhagyam, Raageshwari, Aishwariya

• Block current production: ~180,000 bopd*

• 3.1 billion boe prospective resource

• Gross recoverable risked prospective resources of 530 mmboe

• Restarted exploration after a four year hiatus

• Aggressive exploration programme initiated

• 26 discoveries to date

• Working towards monetising numerous other discoveries

• Gross cumulative capital expenditure: US$ 4.5 billion

ravva (PKGM-1), andhra Pradesh

• Block current production: 28,253 boepd*

• To date production more than double its initial estimates

• Example of how technology can play a central role in accessing new reserves

• Field direct operating cost one of the lowest amongst Cairn India peers

Cambay (CB/OS-2), Gujarat

• Block current production: 10,672 boepd*

• Transformed the block from a predominantly gas fieldtoanoilfield

• Technology driven approach has led to almost doubling of production

Producing Assets

*Q1 FY2014 results

63,34479,378

120,564

Pat

33.36

41.71

63.20

Inr

earn

ings

per

Sha

reIn

com

e fr

om O

pera

tions

2010-11

2010-11 2010-11

2010-11 2011-12

2011-12 2011-12

2011-12 2012-13

2012-13 2012-13

2012-13

102,779118,607

175,241

Inr Million

Inr Million

149,103172,887

boepd

Gro

ss P

rodu

ctio

n

205,323

Creating ValueUS$ 2.2 billion

US$ 3.1 billion

INR 63.20

Profit after tax in FY2013

Net Cash as on 31 March, 2013

Earnings per share


Contribution to the Government

Reducing dependence on oil imports

• INR 20,000 crore contributed to the Government in FY2013

• 800% net increase in the contribution over the last 4 years

• 70% of the Government’s Profit Petroleum revenue comes from our operated assets

FY2010 FY2011 FY2012

5,500

10,000

15,000

20,000

FY2013

Gross Contribution in InR Crore

• Operating 27% of India’s Crude oil production

• 4 Oil fields brought into production in the last 2 years

• 300% increase in Crude oil production in the last 4 years

• Reduced India’s Crude oil imports by INR 38,500 crore during FY2013

FY2010 FY2011 FY2012 FY2013

10

20

3027%

23%

20%

10%

% Contribution to crude oil production




World-classResource Base

4,197

890

555

1,085*

70130

rajasthan Block Mature assets

Ravva + Cambay KGOnshore+SriLanka

*Includes Rajasthan MBA EOR potential as of 31 March, 2013

HIIP: Hydrocarbons initially in place

MBA:Mangala,Bhagyam,Aishwariyafields

Other assets

Gross 2P HIIP Gross 2P Reserves & Resources

Cairn India Group reserves and resources (mmboe)

• Majordiscoveries-MBAfieldshavegrossultimateoilrecoveryofover1billionbarrelsfromprimary,secondaryand enhanced oil recovery (EOR) methods

• Gross estimated ultimate recovery (EUR) of CB/OS-2 block increased by ~10 mmboe

• Gross2CresourcesinKG-ONN-2003/1blocksawasignificantincreaseduetothemostrecentdiscoveryinthenagayalanka SE-1 well

Growth Journey

1998-2012

• Year 1998 ravva satellite gas discoveries

• Year 2000 Cambay discoveries - Lakshmi, Gauri, ambe

• January 2004 Mangala (rajasthan, India) discovery, considered to be the largest onshore oil discovery in India in more than two decades

• January 2007 Cairn India Limited listed on the Bombay Stock exchange and the national Stock exchange of India

• June 2008 Cairn awarded an exploration licence from the Sri Lanka government

• August 2009 Commenced production from the Mangala field in Rajasthan, India

• June 2010 World’s longest (~600 km) continuously heated and insulated pipeline operational

• October 2011 Discovery in Sri Lanka; first in 30 years. Established a working petroleum system in frontier Mannar Basin

• April 2012 Made one of the largest onshore oil discovery in the KG Basin

• June 2012 Ravva field produced more than 249 mm bbls of crude and sold 309 bcf of gas; more than double the initial estimates

• June 2012 In less than 3 years, 100 million barrels cumulative production from rajasthan - reduced oil imports by ~US$ 9 billion and contributed ~US$ 3 billion to the exchequer

• August 2012 Signed a farm-in agreement with PetroSa to explore in the Orange Basin, west coast of South africa


2013

• February restarted exploration in rajasthan

• March Started production from aishwariya – the third largest discovery in the rajasthan block

• March Commenced commercial gas sales from rajasthan

• FY2013 Made first post-listing dividend payout

• April renewed exploration in rajasthan block led to another oil discovery — Cairn India’s 26th discovery on the block

• April - June recorded highest production with average gross operated production of ~212,442 barrels of oil equivalent per day

• April - June CB/OS-2 saw almost doubling of oil production as compared to Q4 FY2013



Rajasthan Assets: FY2014 - 2016

>350 development wells

530 mmboetarget for renewed exploration

~100 exploration &appraisal wells

US$ 2.4 bn capital expenditure

10

9

8

7

6

5

4

3

2

1

0

2002

-03

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11

2011

-12

2012

-13

2013

-16

NUMBER OF RIGS

2002

-03

500

450

400

350

300

250

200

150

100

50

0

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11

2011

-12

2012

-13

2013

-16

NUMBER OF WELLS


Over 3,000 km2²

~2,100 Gulf of Mexico OCS Blocks

US$ 2.4 per bbldirectfieldoperatingcost

32% year-on-year production increase

97.7% uptime – top decile amongst global peers

Rajasthan Block Facts

Gross Proved & Probable Reserves & Resources

Gross Proved & Probable Hydrocarbons Initially In Place

4.2 bn boe

1.1 bn boe


Application of Technology:Many Firstsdrilling Services

DrillingwithcasingtechnologyinOffshore;alsosettheworld record for deepest 20” casing drilling

Deployment of Rotary steerable assemblies for ERD wellsintheIndianoffshore;drilledfirstERDwellinshallow non consolidated formations

Implemented Synthetic Based Mud in land projects in India

Executed Rotary steerable assemblies onshore in India

Introduced light weight cement slurries, jetting of the surface conductors in deep water

Well Services

CoiledtubingcatenaryforthefirsttimeanywhereinSouth East Asia as well as the Middle East

E-line based tractor operations to provide conveyance in high angle extended reach offshore wells

RetrofitsandscreensthroughtubingonInflatableplugswithout utilising rig in offshore

Straddle stimulation technology through a tele-coil for production and injection wells

Straddle packer technology to stimulate a 2800 m horizontal well in a single intervention

Mechanical Straddle packers to achieve conformance in EOR wells and initiated polymer injection

Coiled tubing operation from offshore platform without utilising a dedicated vessel


Well completion

Under-balance perforation using TCP guns

InstallationoftheExpandableSandScreen(ESS);firstin the world

new Wellhead design for hot water circulation and ArtificialLift

InflowControlDevices(ICDs)deploymentinDeviatedand Extended Reach wells

Sand control screen with integral SSD design

State of the art high rate Progressive Cavity Pumps (PCPs) of capacity upto 4,000 bopd

State of the art high rate Electric Submersible Pumps (ESPs) on large scale in India

High rate Jet Pumps installed in circulation

SSDsasartificialliftmethod

enhanced Oil recovery

Oil

rate

(bop

d)

Time

Start of Polymer Injection

Water cut

Wat

er c

ut (%

)

Oil rate

Schematicillustratingsuccessofpolymerpilot;appreciable decline in the water-cut following polymer injection with a simultaneous increase in the oil rate.

• Executedasuccessfulpolymerfloodpilotin Mangala

• Workingtowardsfullfieldimplementationin FY2015 - will be one of the largest polymerfloodprojectsintheworld

• Alkaline Surfactant Polymer (ASP) phase of the Mangala EOR pilot is expected to commence in Q2 FY2014

• PlanstoapplychemicalfloodinginBhagyam and Aishwariya

Innovative pipeline design and operation – use of SEHMS to heat the pipelineforflowassuranceofcrude

Skin effect Heat Management System (SeHMS)



CompetitiveAdvantagePioneer in technology application

• Successanoutcomeofinnovativeapplicationoftechnology

• World’slongest,continuouslyheatedandinsulatedpipeline

• Enhancedoilrecoveryinearlystageoffieldlife

resource Base and Management

• Continualincreaseinresourcebase• CB/OS-2:Doublingofoilproduction• Prudentresourcemanagementstrategy;Ravvafield

increased crude oil production from an initial 3,700 bopd to 35,000 bopd in 26 months

• TodateproductionfromRavvaassetdoubletheinitial estimates

Low cost operator

• Capabilitiestooperateassetsonaverycost-effective basis

• FielddirectoperatingcostfortheRavvablockoneof the lowest amongst Cairn India peers

Project execution

• DevelopmentofRajasthanupstreamfacilities• Inlessthanthreeyears,productionfromthe

Rajasthan block crossed 100 million barrels• IntheCambayBasin,commencednaturalgas

production in 28 months following discovery• Rajasthandiscoverytoproductioninfiveyears;a

significantachievementgiventhecharacteristicofcrude oil

Human Capital

• Successstoryaresultofexceptionaltalentand“Can Do” spirit

• Over1500“CanDoers”–diverseinternationalworkforce

• Unrelentingcommitment



• Vocational Skill training for employment • Support Enterprise Development

Cairn enterprise Centre

• CairnIndiaiscommittedtothehigheststandardsofCorporateSocialResponsibility(CSR)

• Through its 3Rs ideology of ‘Respect, Relationships and Responsibility’ Cairn India makes a difference in its operational areas

• Cairn’sCSRpolicyisinlinewiththeGoI’svisionoffosteringinclusivegrowth

Health - Mobile Health Vans

education - Integrated programme to support government schools

economic development - Dairy Development I Agri-advisory Services

Infrastructure development - SolarElectrificationforruralvillages

Inclusive Growth Initiatives

• State-of-the-art‘notforprofit’initiative for Skill Development

• Strong linkage to employment

Cairn Centre of excellence

Focus areas



•Environment Management System (EMS) as per the ISO-14001:2004 standard

•Conservation of Energy•Carbon Management

Strategies•Biodiversity•Global Reporting

Initiative

environment

• Health, Safety and Environment (HSE) vision is to be a “safe operator leading the industry in safety standards and demonstrate top quartile HSE performance among peers”

• Continues to demonstrate top quartile HSE performance amongst peers, with industry leading safety standards

• Safety and operational integrity a strong focus area for the Company

• Committed to maintain highest HSE standards

• Corporate Responsibility Management System (CRMS) to support the delivery of commitments

• Rajasthan,CB/OS-2andRavvaoperationscertifiedas per ISO 14001: 2004 standards

• CB/OS-2andRavvaalsocertifiedasperOHSAS18001: 2007

• Adopted several international standards, processes and procedures as part of its HSE management system

HSE

•HSE Management of the Contractors

•Occupational Health•Cairn Observation

Programme•Cairn Incident

Management System•Robust Emergency

Management System

•Cairn installations in Barmer, Jalore and Radhanpur have been declared as ‘Prohibited Area’.

•Thar Falcons: Border Home Guards for Rajasthan Assets

• Amongst the global top 10 Exploration & Production companies in HSE performance• The Rajasthan Operation and Projects including pipeline had 28.2 million LTI free hours in FY2013• Rajasthanfacilitiesandwelluptimestoodat97.7%duringFY2013andfiguredinthetopdecileamongstglobalpeers

Key highlights

Health and Safety Security

•HSEA Audits•Asset Integrity

Assurance Surveys•Project HSEQ Reviews•Completion

Assurance Process

Quality and assurance


• Success story a result of exceptional talent, their contributions and the “Can-Do” spirit

• Diverse and inclusive culture

• Fosters a culture of entrepreneurship and meritocracy coupled with accountability and care

• Talent from more than 10 nationalities

• Developing Capabilities through focused programme – MPower and Great Manager Programme

• Leadership Development through Power Hour coaching

Functional/Technical Training

HSE

Behavioural Training

Increasing talent base in the Companydata as of FY ending March

Man-days spent in trainings

2011 2012 2013

1,142

947

1,501

4,765

1,690

1,269

Our Talent


Cairn India Limited3rd & 4th Floors, Vipul Plaza, Sun City

Sector 54, Gurgaon 122 002, India+91 124 459 3000

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Cairn India Corporate Brochure 2013