WAXY CRUDE TRANSPORTATION
-
Upload
rajnish-bajaj -
Category
Documents
-
view
8 -
download
0
description
Transcript of WAXY CRUDE TRANSPORTATION
© 2013 Cairn India Limited
'Waxy Crude Transportation'
April 2013
1
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 management's 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 India's 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 India’s joint venture partner.
3 Corporate Presentation
Overview
• Amongst top 20 global independent E&P company; Market
Cap >US$10bn
• Q3 FY 2012-13 average daily gross operated production of
over 200,000 boepd; Currently operating ~25% of India’s
domestic oil production
• Proven and Probable resource base over 1bn boe
• Part of NIFTY, DJIT30 & MSCI index*; Free float ~31%**
• Interim dividend of INR 5 per share paid for FY 2012-13 in
Nov12
“Fastest growing energy company in the world, 2012” - Platts Top 250
“Runners up award to Raageshwari Oil Mine by National
Safety Awards (Mines) by GoI”
“16 awards in 26th Mines Safety week 2012 under aegis of DGMS, Ajmer”
*DJIT30: Dow Jones India Titans 30 Index , MSCI: Morgan Stanley Composite Index
**Float excludes Cairn Energy PLC holding
Vedanta Group - Twin Star Mauritius Holdings Ltd 38.7%, Sesa Goa Ltd 18.4% , Sesa Resources Ltd 1.7%,
Shareholding as on 06 March, 2013
MF
2.8%
Retail
2.4%
Other
58.8%
Vedanta Group
10.3%
Cairn PLC
14.8% FII
7.9%
FI 3.1%
4 Corporate Presentation
Consistent Value Creation across Upstream E&P Chain
• Strong Balance sheet with net cash of over US$ 2.5 bn
• Increasing production profile; Enhanced focus on exploration
• Strong pipeline of exploration, development and production assets
• Unique manpower skill set across the E&P value chain
Early
Beginnings
Execution
Success
Exploration
Success
Market Cap (US$)
0.5bn* 6.0bn 12bn
*Market Cap of Cairn Energy PLC end 1999
Well poised for
further Growth
Ravva Re-development
Rajasthan & CB/OS-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 ...
• Strong E& P Player
o Proven track record
of exploration and
development success
o Significant production
and cash flow
generation
• Global Talent
o Diverse talent of
>1,400 people
• Low Cost Operator
o Innovative application
of technology
... through a focused strategy ...
• Realize full potential of
world-class Rajasthan
asset through aggressive
exploration & fast track
development
• Build material positions in
2-3 focused core areas
internationally
• Leverage strong presence
in India to build a larger
portfolio of Indian assets
... to achieve our Vision
• Best-in-class E&P
company
• Balanced Portfolio of
assets
• Partner of Choice for
Stakeholders
• Superior business
performance
6 Corporate Presentation
World Class Asset Portfolio
• Q3 FY 2012-13: Average Daily Gross operated production at 205,014 boe; Cairn (WI - Working Interest) production at 128,058 boe
• FY 2011-12 Reserve and Resource Replacement Ratio of 175%
Offshore
KG-DWN-98/2^ WI 10%
PKGM-1 (Ravva)# WI 22.5%
KG-OSN-2009/3* WI 100%
PR-OSN-2004/1* WI 35%
CB/OS-2# WI 40%
MB-DWN-2009/1* WI 100%
International
SL 2007-01-001 WI 100%
South Africa -
Block 1**
WI 60%
# Producing Blocks ; *Under Force Majeure – 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-90/1)# WI 70%
KG-ONN-2003/1 WI 49%
SRI LANKA
PR-OSN-2004/1
KG-DWN-98/2
KG-ONN-2003/1
KG-OSN-2009/3
INDIA
MB-DWN-2009/1
CB/OS-2
RJ-ON-90/1
RAVVA
SL-2007-01-001
SOUTH
AFRICA BLOCK 1
Operating Blocks Non-Operating Blocks
7 Corporate Presentation
JOURNEY OF GROWTH
8 Corporate Presentation
MANGALA DEVELOPMENT
PIPELINE PROJECT
9 Corporate Presentation
PIPE LINE STORY – A FILM
10 Corporate Presentation
10
11 Corporate Presentation
12 Corporate Presentation
12
13 Corporate Presentation
SEHMS = Skin Effect Heat Management
System
Why SEHMS?
Established technology
Electrical heating system based on the
principles of skin and proximity effects.
Ability to maintain the pipe line temperatures
above pour point and WDT.
Ability to restart from complete cool down
conditions.
SEHMS has been operating reliably as
designed since June 10
Flow Assurance in Midstream Facilities: SEHMS
Total Pipe Diameter
790 mm (32”)
Poly Urethane
Foam Insulation
Heat Tube
High Density
Polyethylene Wrap
14 Corporate Presentation
Skin Effect Heat Management System (SEHMS)
Power Source and Temperature Monitoring
• Power requirement – 40 W / m
• Voltage – Approx. 4000 V
• Installation as per Indian Electricity Rules
• No Current Flow on Outside Skin of Tube
• System Earthed & Grounded with Earth fault automatic
trip
• Remote Emergency Shut-down capability
Heat Tube
Termination
RTD’s
• Current Flows Through Center
Conductor
• Current Returns Through Inside Skin of
Outer Tube
IN Crude Oil Pipeline
Gas Pipeline
OUT
IN OUT
SKIN EFFECT HEAT
MANAGEMENT
SYSTEM GAS ENGINE
GENERATOR – 1 MW
15 Corporate Presentation
15