Cairn India was accorded the 'Superbrand' status on 27 July, 2011. The award was presented by Planning Commission Deputy Chairman Montek Singh Ahluwalia. The membership of this exclusive association/club of brands is by invitation only and comprises global giants from across categories like consumer, business and luxury. This accreditation puts Cairn India in the elite club of other oil and gas peers like Reliance, ONGC and technical company like L&T. The rigorous selection process is a three tier evaluation. Superbrands are always selected, never applied for.
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Cairn India awarded 'Superbrand' status
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2. Panoramic view of the Mangala processing facility at Barmer, Rajasthan
Market Achievements awarded a AAA rating by the Credit Analysis
More than foresight, more than endeavour, Cairn India has had a distinguished fifteen years and Research Limited (CARE) in March 2010
more than entrepreneurial skills, India will need in India. During this period, it has played an for its domestic borrowing of Rs. 4000 crore
oil if it has to meet its targeted annual active role in developing oil and gas resources (US$ 888.90 million) which is helping finance
economic growth of 9%. The arithmetic is across the country. Ravva, in Eastern India, the development of world-class oil fields in
simple. Currently, India’s per capita energy was the first offshore oil and gas field to be Rajasthan.
utilisation is a low 141 kilograms of oil developed by Cairn. This was followed by the Cairn India’s contribution to the country’s
equivalent (KOE) versus a global average of 972 Lakshmi gas field in the Cambay Basin off the energy security has been no less newsworthy.
KOE and the US average of 5065 KOE (Source: Gujarat coast in May 2000, Gauri in 2001
International Energy Outlook – IEO). Given its and, its most notable find, Mangala in
current base India's energy needs will have to Rajasthan in 2004 – the largest onshore
take several quantum leaps for tomorrow’s discovery in India in more than twenty years.
infrastructure to be energised and will need to This field was dedicated to the nation
invest about US$ 150 billion (Rs. 675,000 crore) by the Hon'ble Prime Minister of India,
in exploration and production in the course Dr. Manmohan Singh, on 29th August 2009.
of the next five years (Source: Ministry of With the intent to develop the Rajasthan
Petroleum & Natural Gas). fields quickly, Cairn India, within two months,
As of January 2010 India had approximately completed financing arrangements for
5.60 billion barrels of proven oil reserves – after US$ 1.60 billion (approximately Rs. 7200
China the second largest in the Asia-Pacific crore). The financing was arranged through a
region (Source: Oil and Gas Journal). By combination of US dollar and Indian rupee
factoring in her 5 million-barrels-per-day borrowing by accessing both domestic and
requirement in twenty years from now, India’s international markets. For the
reserves are woefully inadequate. In fact, it is alacrity it showed in sewing It has
estimated that by 2031 the country will be up the financing arrangement, produced more
importing almost 93% of its oil and 11% of its the company received the Oil than 225 million
gas requirements (Source: industry estimates). & Gas Deal of the Year – barrels from
2009 award for the Asia- Ravva alone and
Pacific region by Project contributed
Finance International, a more than
division of the Thomson US$ 4 billion
Reuters Group. (Rs. 18,000
Concurrent to these efforts crore) in profit
has been Cairn’s evacuation petroleum to
of the Mangala crude from the Government
Rajasthan. From its source in Barmer, the oil is of India. It’s hardly surprising then that the
pumped through a ~590-kilometre long pipeline company’s managing director and chief
that stretches across the sand dunes to Salaya executive officer, Rahul Dhir, received the
unloading its contents to private refiners in prestigious Young Entrepreneur Award in the
Gujarat and the Indian Oil Corporation. OCEANTEX World Expo 2010.
This has the distinction of being the world’s The strong foundations developed by Cairn
longest continuously heated and insulated and the goodwill it has earned has also won the
pipeline. company public support. The company’s initial
Always conscious of the needs of the public offering (IPO) in 2007 was the largest
community, Cairn India developed a micro IPO in the Indian primary equity market at that
vendor programme. This initiative equips small point in time. The company’s stock is listed on
businesses to manufacture and supply select the National and Bombay Stock Exchanges. Its
components to Cairn facilities at Ravva and market capitalisation now stands at more than
other corporate houses. This effort was Rs. 63,000 crore (US$ 14 billion).
recognised when it received the TERI Corporate
Award for Social Responsibility in 2008. History
On the business front, too, Cairn India has Cairn entered India on the back of a
been a powerful influence. The company was widespread belief that greater effort needed to
28 BUSINESS SUPERBRANDS
3. be expended in the exploration and production This plant, 40% owned by Cairn India, is
(E&P) of oil. Today, Cairn is one of the largest ISO 14001 certified and has also been
independent oil and gas E&P companies in India. granted OSHAS 18001 certification.
It is headquartered in Gurgaon near Delhi and The Mangala processing terminal is Cairn
commands material E&P interests in ten blocks India’s largest processing facility. It is spread
in India and one in Sri Lanka. over 1.60 square kilometres and processes
Today, Cairn produces oil and gas from three crude from the Mangala, Bhagyam and
operating assets – the Ravva field in Andhra Aishwariya fields. It is designed to process
Pradesh, CB/OS-2 block in the Cambay Basin in 205,000 BOPD of crude and is expected to
Gujarat and RJ-ON-90/1 block in Barmer, attain this capacity in 2011. The infrastructure
Rajasthan. that supports this facility includes 500
The significance of these discoveries, kilometres of pipelines and 80 kilometres
particularly after the failure of several other of inter-field roads. Natural gas from the
companies, can best be realised by measuring Rajasthan fields is being used for generating
the contribution they make to India’s quest steam which in turn will power its processing
for economic liberation. The recoverable oil requirements and heat the crude export
reserves, for instance, in Mangala, Bhagyam and pipeline.
Aishwariya are estimated at about one billion top quartile performance ranking in lost time
barrels. This includes proven plus probable (2P) Recent Developments injury frequency rate (LTIFR) and total
gross reserves and resources of 694 million With continuous capacity expansion, Cairn recordable incident frequency rate (TRIFR).
barrels of oil equivalents (MMBOE) with a now produces about a fifth of the country’s Cairn also launched the Cairn Incident
further 300 MMBOE or more of enhanced domestic crude oil. To transport this crude oil, it Management System in 2009 for better
oil recovery (EOR) potential. commissioned the world's longest continuously reporting and investigation of incidents and
Cairn has so far made 25 discoveries in the heated and insulated pipeline in June 2010. This near-misses. It tracks preventative actions and
Rajasthan block. When the company here national asset represents one of the first steps submits all incidents, accidents and near-misses
reaches the current approved plateau in creating a world-class energy infrastructure for detailed analysis.
production rate of 175,000 barrels of oil for India. In collaboration with the Government of
per day (BOPD) in 2011 it will account for 2010 has been a busy year for Cairn. The Rajasthan, the company manages the Enterprise
more than 20% of India's domestic crude oil company celebrated one year – and the Centre, which imparts vocational training in
production. production of 16 million barrels of oil – from various fields to the local youth of Barmer.
the Mangala field in August 2010. Cairn’s community engagement initiatives are
In another exciting new development, Cairn designed to enrich the lives of the people in all
received petroleum exploration licences for two the regions in which it operates.
blocks, KG-OSN-2009/3 and MB-DWN-2009/1,
awarded under the eighth bidding round of the Brand Values
New Exploration Licensing Policy (NELP). The brand stands for innovative thinking and a
The company has now embarked on a new ‘can-do’ attitude.
and aggressive policy to expand its activities The four key values that drive the company
encompass a pioneering spirit that experiments
without fear of failure and provides leadership
that is committed to meeting challenges;
teamwork that places collective goals ahead of
individual interests and accepts other’s view
points and perspectives; respect for people and
Product the environment so that cultural differences
The company produces crude oil and natural have no place and the things that bind people
gas – from it Ravva, Cambay and Rajasthan together are health, safety and security; and
operations. During the 2010 calendar year, it ownership that impels people to become
cumulatively produced 41.21 MMBOE of crude accountable and take responsibility for delivery
oil – including condensate – and 4.91 MMBOE on commitments.
of gas.
In the Ravva field, Cairn has a 22.50% www.cairnindia.com
Use of innovative methods to impart education
participating interest. This project is in
partnership with ONGC, Videocon and Ravva beyond Indian shores. It is currently evaluating
Oil. The assets comprise a 225-acre onshore global opportunities for the acquisition of Things you didn’t know about
processing facility at Surasaniyanam, eight foreign assets that would enhance its business Cairn
offshore unmanned platforms, 170 kilometres of plans and vision.
sub-sea pipelines and a single point mooring. Cairn pioneered deepwater exploration in India
The processing capacity of this ISO 14001 Promotion
certified plant is 70,000 BOPD and 95 million To ensure that Cairn India is ready to face Four of the eight significant oil and gas
standard cubic feet per day (MMSCFD) of future challenges it has evolved a curriculum to discoveries in India since 2000 have been made
natural gas. enhance the skill sets of its team even as it has by Cairn
The Suvali terminal, operated in partnership an ongoing programme to upgrade installations. Mangala in Rajasthan is the largest onshore
with ONGC and Tata Petrodyne, is an 82-acre The success achieved by the company in hydrocarbon find in India in the last twenty
onshore processing facility with a capacity of accelerating the production from the Mangala years
10,000 BOPD of crude oil and 150 MMSCFD of field to 125,000 BOPD within a short span of
natural gas. The Suvali terminal processes the oil one year is one of the finest self-evident The Ravva field was developed from 3700
and gas produced from the CB/OS-2 block. promotional testaments that a company can BOPD to 35,000 BOPD in a record 26 months
hope for. During business The Lakshmi gas field went from discovery to
operations, Cairn’s workers and production in 28 months
managers constantly spread the
message that the company is Horizontal wells in the Mangala field in
committed to providing a safe Rajasthan tested at a rate of more than 11,500
working environment to its BOPD – the highest-ever production rate for a
employees, a business-friendly single onshore well in India
atmosphere for its customers
The Mangala development pipeline has entered
and is a concerned and devoted
the Limca Book of Records as the world’s
partner to the community.
longest continuously heated and insulated
A comprehensive safety,
pipeline
health and environment
management system is in place Cairn India secured US$ 1.60 billion
in all its operating units and (approximately Rs. 7200 crore) of funding
installations. The company has through the reserves based lending model
Welding activity on the Mangala Development Pipeline achieved global industry-wide
BUSINESS SUPERBRANDS 29