How the private sector has played an active role in the growth story of India.

1. 15th Energy Summit, Indian Oil & Gas Sector – To meet future energy needs
Houston, 07 May, 2013
Dr. Sunil Bharati
Head, Corporate Affairs & Communications
The role of Private sector in India’s success story

2. 2
Disclaimer
These materials contain forward-looking statements regarding Cairn India, our corporate plans, future financial
c o n d i t i o n , f u t u r e r e s u l t s o f o p e r a t i o n s , f u t u r e b u s i n e s s p l a n s a n d s t r a t e g i e s . A l l s u c h f o r w a r d - l o o k i n g
st ateme nts ar e b as e d o n our m a nag em ent' s as sum ptio n s a n d be lie fs in th e lig ht of inform at ion a va ila b le t o
t h e m a t t h i s t i m e . T h e s e f o r w a r d - l o o k i n g s t a t e m e n t s a r e , b y t h e i r n a t u r e , s u b j e c t t o s i g n i f i c a n t r i s k s a n d
u n c e r t a i n t i e s a n d a c t u a l r e s u l t s , p e r f o r m a n c e a n d a c h i e v e m e n t s m a y b e m a t e r i a l l y d i f f e r e n t f r o m t h o s e
expressed in suc h 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
o f t e c h n o l o g y , a c t s o f c o m p e t i t o r s a n d o t h e r c h a n g e s t o b u s i n e s s c o n d i t i o n s . C a i r n I n d i a u n d e r t a k e s n o
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.

3. 3
Why Invest in India?
o India will continue to be one of the drivers of world growth - 6.1
- 6.7% growth between 2013 and 2014
o Share of the working age population will continue to rise
o More opened economy - the sum of Indian goods and services
traded in 2011-12 is more than 55 % of GDP
o A stable and democratic political structure and a transparent
and independent legal system
Source: The Rise of the East, Implications for the Global Economy, by P. Chidambaram, Minister of Finance, Government of India,
at the South Asian Institute and Mahindra Humanities Center at Harvard University

4. 4
India – Growing Demand Center
With High Import Dependence
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
2006 2007 2008 2009 2015 2020 2025 2030 2035
Liquids Production
Liquids Consumption
Millionbarrelsper
Import Bill to
reach US$ 400
billion
Source: International Energy Outlook 2011
Import Bill for
2011 at
US$120 billion

5. 5
1886 - 1946 1947 - 1990 1990 - 1996 1997 – till date Future
Pre-
independence era
Nomination era
Pre NELP era
28 blocks, 29
Fields
NELP era
254 blocks
OALP
PSC Regime
How has regulatory regime evolved

6. 6
NELP has enabled FDI
113
14
89
1427
412
266
556
2030
0
500
1000
1500
2000
2500
2004-05 2006-07 2008-09 2010-11
FDI Inflow in P&NG sector (US$ million)
o India offers
significant
opportunities
o The FDI figures
could be much
higher
o Global spend is
significantly higher
Source: Indian Petroleum & Natural Gas Statistics, 2011-12

7. 7
Role of private sector has increased
o Investments in the Indian oil
& gas exploration and
development sector has
increased significantly
o Investment made by Indian
and foreign companies was
of the order of US $20 bn:
US $12 bn on exploration &
US $8 bn on development of
discoveries
Source: Economic Survey 2012-13, Infraline Graph. Figures in US$ million
0
1000
2000
3000
4000
5000
6000
7000
8000
NELP I NELP II NELP
III
NELP
IV
NELP
V
NELP
VI
NELP
VII
NELP
VIII
Exploration Development
NA

8. 8
Private sector Impact - Discoveries
48
27
5
2
22
5
1
0
10
20
30
40
50
60
Reliance ONGC Cairn NIKO GSPC Jubilant Naftogaz
NELP
1 1
22
3
5
2
1
2
1 1
0
5
10
15
20
25
Reliance ONGC Cairn GSPC Essar Oil Focus Hardy HOEC BG Interlink
Pre-NELP
Note: Indicative list of discoveries under NELP / Pre-NELP as on 31 March
2012. Red Highlighted are Public Sector companies.
Source: Hydrocarbon Exploration & Production Activities, 2011-12, DGH, p 119

9. 9
Private sector Impact - Production
56.8
52.48 53.51
0.98
11.9
32.05
0
10
20
30
40
50
60
70
80
90
1995-96 2005-06 2011-12
Public Sector Private Sector
Hydrocarbon Production O+OEG (MMT)
Source: Hydrocarbon Exploration & Production Activities Reports, DGH & Indian Petroleum & Natural Gas Statistics
o Incremental
production is largely
due to the private
sector success …
o … even as public
sector manages to
sustain its production

10. 10
Private successes
One of the largest private independent E&P companies in India. More than 40
discoveries – 26 in Rajasthan alone. Significant Resource Base
One of the largest integrated Oil & Gas companies in India. Successful
exploration programs in the D6 Block led to gas discoveries in the KG Basin
Significant presence across the gas chain in India
Partnered with Reliance Industries for the KG Basin and has an asset in
Hazira field

11. 11
Cairn – Creating Value Consistently
• Amongst top 20 global independent E&P company
• Currently operates ~25% of India’s domestic oil production
• Proven and Probable resource base over 1bn boe
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

12. 12
o Largest - exploration acreage holder in the private sector and gas
discovery in India
o ~4 tcf of resources; potential investments of over US$ 5 billion
over the next three to five years
o BP took a 30% stake in multiple oil and gas blocks in India
o By the end of 2012, the KG D6 block produced 2 tcf of gas and 22
mm bbls of oil; saved more than US$ 35 bn in imports
RIL – Success

13. 13
o Significant presence across the gas chain in India
o BG Group has held interest in gas fields and the
Panna / Mukta oil and gas fields since 2002
o In June 2012, the PMT JV crossed a major landmark - 500
mmboe of oil and gas production from the PMT fields
o Expanding in Asia-Pacific region - completed a long-term sales
agreement for up to 2.5 mtpa of LNG to India
BG – Success

14. 14
Cairn India – Success factors
o Pioneer in innovative application of technologies
• World’s longest, continuously heated and insulated crude oil pipeline
• Enhanced oil recovery in early stage of field life
o Low cost operator
• Capabilities to operate assets on a very cost-effective basis
• One of the lowest field direct operating cost
o Project Execution
• In less than 3 years, production from Rajasthan crossed 100 million barrels
• In the Cambay Basin, commenced natural gas production in 28 months
• Rajasthan discovery to production in five years; a significant achievement
given the characteristic of crude oil

15. 15th Energy Summit, Indian Oil & Gas Sector – To meet future energy needs
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