Cairn India : Production Update for the Second Quarter and Half Year FY 2016-17

For Immediate Release 10th October, 2016

*Includes Internal Gas Consumption

Average gross production across assets was stable at 196,399 barrels of oil equivalent per day (boepd). A strong performance by Mangala EOR aided maintain production from Rajasthan. Continued reservoir management practices and targeting incremental opportunities helped in sustaining production rates at Ravva and Cambay.

Gross production from Rajasthan was marginally higher by 0.5% q-o-q to 167,699 boepd. Encouraging results from Mangala EOR, driven by enhanced well productivity and new wells coming online, increased the EOR contribution to production from ~42 kboepd in Q1 FY17 to ~52 kboepd in Q2 FY17. Production optimization and maximization of liquid handling capacity helped maintain strong performance from Bhagyam and Aishwariya. Gross production from Development Area DA1 and DA2 averaged at 151,880 boepd and 15,820 boepd, respectively.

Gas production from RDG field also increased to 33 mmscfd in Q2 FY16 from 28 mmscfd in Q1 FY17, aided by superior initial well productivity results obtained from the hydro-frac campaign.

Ravva and Cambay have delivered stable performance with combined gross production of 28,700 boepd, lower by 4.1% q-o-q. Ravva witnessed softening of production with volumes averaging at 18,823 boepd. Efforts continued to sustain production rates by targeting incremental opportunities such as optimization of gas lifted wells, addition of new zones, network optimization and water shut- off by zone isolations, which aided in arresting the natural decline rates. Production from Cambay was at 9,877 boepd as effective reservoir management practices and production optimization measures helped in reducing the impact of natural decline.

Average gross production across assets was steady at 196,629 boepd. Production from Rajasthan asset was broadly stable at 167,323 boepd aided by positive results from Mangala EOR after its successful stabilization and in-line performance from Bhagyam and Aishwariya. RDG gas production has increased from an average of 25 mmscfd in H1 FY16 to 30 mmscfd in H1 FY17. Production from both the offshore assets together moderated to 29,305 boepd, primarily due to the natural decline.

Contact

Arun Arora, Chief Communication Officer

+91 124 4593039; +91 8826999270; cilmedia@cairnindia.com; spokesperson@cairnindia.com

Dheeraj Agarwal

+91 124 4593409; +91 9769732150; cilir@cairnindia.com

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.