Howard Weil 43rd Annual Energy Conference March 23-25, 2015
Presentation Overview Merger Update Nabors Mission and Guiding Principles Current Market Management Managing for the Future 3
Shareholders Approve C&J, NCPS Merger Creates a Leading Diversified Completion & Production Services Provider Key metrics of the deal and the combined company Cash contribution of 688mmm 1 Nabors will own 53% of the equity Well…
Shareholders Approve C&J, NCPS Merger Creates a Leading Diversified Completion & Production Services Provider Key metrics of the deal and the combined company Cash contribution of 688mmm 1 Nabors will own 53% of the equity Well…
Nabors Today To responsibly help our customers meet the worlds demand for Purpose oil & gas We deliver best-in-class drilling performance through Mission exceptional people, execution, teamwork and innovative solutions Vision…
Nabors: The Worlds Largest Land Driller 25,000+ Employees 510 Drilling Rigs 75 Nationalities 25 Countries Lower 48 Fleet Fleet by Location 35% 36% 64% 65% AC SCR US Drilling International Customers: Nabors is the…
World-Class Performance in Safety Consistently Better than the Industry in Every Global Market Nabors achieved a TRIR of 0.93 in 2014, the first time in the companys history that TRIR dipped below 1.00; Nabors YTD 2015 TRIR improving…
Concentrate on Long-Term Sustainable Markets Achieve Critical Mass and Add Distinguishable Value to Clients MENA South America Lower 48 Alaska 9
Pioneering Rig Designs for Every Environment Customers Ask Nabors to Help Solve Their Most Difficult Challenges PACE-X Alaska CDR-2 PNG Rig GOM M-400 Use: US Shale, International Use: Alter directional wells to Use: Papua New…
Nabors Financial Capability & Commitment Liquidity Allows Nabors to Focus on Responsible Growth Increasing financial flexibility has been Nabors priority over several years Significant reinvestment of capital into global expansion and…
Land Rig Count Declining in Every Basin Though All Markets Down, Nabors Global Breadth Mitigating the Impact Rig Loss from US Peak Rig Loss since 9/30/14 5% 5% 0% 0% 11/21/14 12/21/14 1/21/15 2/21/15 -5% -5% -10% -10% -15%…
Downturn Sharp in the Lower 48 Market Signs of Moderation as well as High Grading of the Working Fleet BHI Rig Count down 46% from peak in the Fourth Quarter RigData is down approximately 50% from its peak Nabors Lower 48 rig count…
Current International Market Conditions Downturn Slower and Less Pronounced Internationally Received requests for rate reductions for rigs on contract from several customers Working with them to implement mutually agreeable solutions…
Strategies to Navigate the Downturn We Plan to Emerge from the Current Market in a Stronger Position 1. Planned reduction in capital spending to 900mm, excluding NCPS 2. Initiated discussions with customers to high-grade rigs as…
Deployment of Platform Rig MODS 400 Financially Impactful Project a Reflection of Our Technical Capabilities Quick Facts on the MODS 400: Proprietary Nabors design 4600 HP deepwater platform rig designed to withstand tough GOM…
Rigs: The Critical Platform for Future Services As Technology Improves, Rigs Will be Central to Services Delivery ROCKit Non Stop RigWatch Driller Remote Equipment Operations Condition Center Monitoring Integrated MWD…
Investing in Rig Performance Technology Unique IP Provides Customers Faster, More Accurate Drilling ROCKit & REVitTM Top Drive Drilling Performance Products ROCKit is a patented directional steering control system that oscillates…
Nabors MWDs Enhanced Wellbore Placement New AccuSteer MWD Includes EM, Azimuthal Gamma, Resistivity Continuous Rotary Inclination, Maximized ROP AccuSteer Case History - 183k Saved on One Well Well 1 Well 2 Benefit Standard MWD…
2TD Drilling AS Rotary Steerable System Recently Acquired Norwegian Start Up Expands IP, Facilitates R&D Short, Simple, Cost Effective, Patented Design Capable of Building a 15/30m Dogleg SLB BHI HAL WFT 2TD Archer Curve CoPilot Rev.…
A Focused, Forward-Looking Land Driller Financially Flexible, Performance-Oriented, Technologically Advanced Completion of our transaction with C&J Energy Services will narrow our focus on drilling and substantially enhance our…
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