Deutsche Bank's valuation of Cairn's assets

Vol 6, PW 6 (22 May 02) People & Policy
     

Below are extracts from an asset valuation report on Cairn Energy's India and Bangladesh upstream hydrocarbon assets prepared by investment banker Deutsche Bank.

Block/Asset Location Cairn stake Status Reserves (mboe) Value ($m) Sell Co Value ($m) Sangu Bangladesh 37.5 % Producing 91 211 100% 211 Semutang Bangladesh 65% Potential development 4 2 100% 2 Blocks 15 &16 Bangladesh 50% Exploration 5 45 100% 45 Blocks 5, 7, 10 Bangladesh 22.5% to 45% Exploration 0 0 100% 0 Shell carry Bangladesh Financial agreement 28 100% 28 Total Bangladesh 100 287 287 Ravva Eastern India 22.5% Producing 69 134 100% 134 Lakshmi, Gauri, Ambe (CB-OS/2) Western India 50% Development 31 155 100% 155 RJ-ON-90/1 Western India 35% Potential development 5 8 50% 4 KG-DWN-98/2 Eastern India 100% Appraisal exploration 67 135 50% 68 KG-OS-6 Eastern India 50% Exploration 0 109 50% 54 Total India 172 541 415 Total Bangladesh and India assets 285 904 702