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February 2013 Credit Suisse Energy Summit – Noble Energy, Inc.

Noble Energy, Inc. · Feb 4, 2013 · 30 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 1
    Charles Davidson Credit Suisse Energy Summit Chairman and CEO February 4-8, 2013
  2. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 2
    Noble Energy NOW Positioned for a decade of growth Five Core Areas Delivering Outstanding Results Production expected to more than double by 2017 Proven reserves projected to increase 114% over 5 years Major Projects Generating…
  3. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 3
    2012 Accomplishments NOW an even brighter outlook for the future Substantially Expanded Discovered Resource Base in DJ Basin and Marcellus Shale Higher EURs and recoveries Accelerated Horizontal Niobrara Activity Levels Tamar on…
  4. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 4
    Five-Year Growth Outlook 2012 to 2017 A superior long-term performance Transparent Growth Profile Debt-Adjusted Growth per Share* (CAGR) Contributions from All Operating Areas 24% Key Outcomes by 2017 21% 18% Production 540…
  5. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 5
    Net Risked Resources Strong foundation for current and future growth Exploration 3.7 BBoe Total Resources (BBoe) Eastern 18.8 DW Med. West GOM Africa U.S. Onshore New Ventures 9.9 Discovered Unbooked 5.1 BBoe DJ Basin…
  6. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 6
    Global Deepwater Project Execution Consistent delivery of large-scale projects Global Offshore Projects Portfolio of World-Class Cycle-Time Comparisons Resources Utilizing Proven Project 3,000 NBL Projects Management Practices…
  7. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 7
    2013 Volumes and Capital Outlook Substantial growth in core areas Capital Allocation By Area Production Outlook 270 282 MBoe/d New Other Ventures Expect to exit 2013 around Eastern 300 MBoe/d Med 20% Year Over Year Increase,…
  8. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 8
    NBL Leading the Way Wattenberg and Northern Colorado Premier Oil Play that Compares Favorably to Other Plays Oil in place now estimated at 74 MMBoe per section Net Resources Dramatically Increased to 2.1 BBoe 9,500 horizontal…
  9. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 9
    Accelerating DJ Basin Development Program Double activity in two years Horizontal Wells Wells Cum Dramatic Improvements in Wells Economic Value Over 2011 Plan 600 3,000 Production up 35% 450 2,000 Free cash flow up 900 MM 300…
  10. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 10
    DJ Basin 2013 Operations Focused on oil window with superior economics Accelerating Development Wyoming Nebraska 50% More Wells in 2013 than 2012 230,000 Net Acres Northern 300 MMBoe NRR 300 actual wells or 350 Colorado 1,750…
  11. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 11
    DJ Basin Well Economics Strong returns over a broad price range GWA Gas GWA Oil BT Economics* Window Window East Pony EUR (MBoe) 435 335 345 Liquids (%) 45% 65% 85% Well Cost (MM) 4.5 4.5 4.9 NPV10 (MM) 3.6 3.9 6.0 ROR (%) 65%…
  12. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 12
    Northern Colorado Niobrara Leveraged expertise to unlock new opportunity Approximately 80-Well Wyoming Nebraska Program in 2013 East Pony Superior Economics in East Pony Producing 80% oil Lilli Plant Avg. 24-hour rate 780…
  13. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 13
    Marcellus Shale Significant scale and growth Large Acreage Position within Marcellus Fairway 50% of 628,000 gross JV acres 87% HBP allowing for development flexibility Average NRI of 88% Net Risked Resources Increased 41% to 10…
  14. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 14
    Marcellus Shale Economics Attractive today with potential to improve Single Well Economics Todays Learnings Applied (5,000 Foot Lateral) to Future Program BT ROR Transferring DJ Basin techniques 80% Targeted 20% Current Reduction in…
  15. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 15
    Marcellus 2013 Operations Focusing near-term in wet gas areas Increase Wet Gas Rig Count from Three to Six and PA Target 90 Wells OH 3 rigs developing Majorsville NBL Operated 3 rigs delineating new 176,000 Gross Acres areas in…
  16. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 16
    Deepwater Gulf of Mexico Proven performance and impactful exploration portfolio Strategic Approach has Delivered Strong Cash Flow and Substantial Value Galapagos Project Continues to Perform Above Expectations 14.5 MBoe/d net…
  17. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 17
    Gunflint Appraisal and Development Commercial project established with first appraisal Estimated Gross Resource Tubular Bells Kodiak Range 90 325 MMBoe Devils Tower Includes significant untested Existing Facilities Lower…
  18. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 18
    Rio Grande Area Big Bend and Troubadour Significant oil potential and near-term impact Rio Grande Area Gross Resources NBL Operated P75 P25 (MMBoe) Big Bend (WI 54%) 30 65 Troubador (WI 87.5%) 20 60 Total (WI 70%) 46 112…
  19. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 19
    Eastern Mediterranean Growing domestic demand driving near-term value Tamar to have Significant Impact for All Stakeholders On schedule for April 2013 start-up Natural Gas the Fuel of Choice for Israel Total demand grows at 15%…
  20. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 20
    Tamar Project Long-term value for all stakeholders Tamar Online in April 2013 with Capacity of 1 Bcf/d Gas sales to average 700 MMcf/d after start-up Industry leading cycle time - 2.5 years from sanction Expansion to 1.5 Bcf/d…
  21. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 21
    Leviathan Development Field scale involves multiple development phases Resource Estimated at 17 Tcf Gross, 6 Tcf Net Flow back test confirms high quality reservoir 5 Planning Appraisal well 4 drilling 1 Drilled + 2 Plugged…
  22. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 22
    Leviathan Sell Down Proposal Bringing in a strategic partner with LNG expertise NBL Selling 9.66% Interest Continue as upstream operator with 30% working interest Cash Payments Totaling 464 Million, Revenue Sharing Up to 322…
  23. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 23
    West Africa High-impact core area Leading Operator in the Doula Basin Liquid Projects Producing 45 MBbl/d and Generating 1.2 Billion BT Annual Cash Flow* by 2014 Aseng and Alen Fields Provide Regional Infrastructure for Future…
  24. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 24
    Alen Project Liquid gas-cycling project Remains on Budget and Ahead of Schedule Drilling and completions complete Subsea commissioning underway Platform near complete with installation in 2Q 2013 First Production Accelerated…
  25. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 25
    West Africa Next Developments Leveraging existing infrastructure Carla Discovery below Alen field Currently drilling appraisal program Equatorial Guinea Gross resource range 36 136 MMBoe (P75 P25), 80% liquids Alen Facilities…
  26. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 26
    Industry-Leading Exploration Program Yielded significant discovered resources Thoughtful and Disciplined Approach Incorporating technology and process in all aspects Full integration of data, technologies and interpretation A…
  27. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 27
    Elko County, N.E. Nevada Next growth possibility in U.S. Tight Oil Play with Core Area Scale Wilson Project 350,000 net acres 190 1,400 MMBoe (P75 P25) Great Basin gross unrisked resources 55% geologic chance of success Two 3D…
  28. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 28
    Nicaragua Carbonate and clastic plays 1.8 Million Acres in Two Lease Blocks NBL operates with 100% working interest Seeking partners Multiple Oil Prospects and Leads Identified on 3D Seismic Isabel 3,050 square miles 100% WI…
  29. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 29
    Noble Energy Positioned for a decade of growth Diversified and Focused Asset Portfolio Offers stability and superior returns Sustainable Industry-leading Exploration Program Yields significant discovered resources Competitive…
  30. February 2013 Credit Suisse Energy Summit – Noble Energy, Inc. – slide 30
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