David L. Stover Citi Global Energy and Utilities Conference President & COO May 2013
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…
Major Deepwater Project Line-up 5 new sanctions in 2013 Deepwater *Gunflint tieback standalone GOM *Big Bend Tamar First Production April 2013 Mediterranean Eastern *Tamar Phase 2 *Leviathan Phase 1 Leviathan export…
DJ Basin 2013 Operations Focused on oil window with superior economics Accelerating Development Wyoming Nebraska 300 actual wells or 350 standardized on 4,500 ft. laterals 230,000 Net Acres Northern 300 MMBoe NRR Added ninth rig…
Marcellus 2013 Operations Focusing near term in wet gas areas Rapid Growth Underway 126 wells in 2013; 42% more than in 2012 PA OH Increase Wet Gas Rig Count NBL Operated 176,000 Gross Acres C PA Dry from Three to Six and EUR…
Deepwater Gulf of Mexico Commercial projects at Gunflint and Big Bend Gunflint South Appraisal Well Tubular Bells Kodiak Drilling Devils Tower Estimated Gross Resource Existing Facilities Range 90 325 MMBoe Gunflint 31% WI…
Eastern Mediterranean 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…
West Africa Bringing liquids to production Alen Remains on Budget and Ahead of Schedule First Production Accelerated to 3Q13 Initial rate 37 MBbl/d gross, 18 MBbl/d net Evaluating Development Options for Carla and Diega…
Global New Ventures Substantial worldwide resources exposure N.E. Nevada 350 M Gross Acres 1.3 BBoe Gross Resources NBL Operated 100% WI Sierra Leone 1.4 MM Gross Acres Eastern Med 1.3 MM Net Acres Deep Oil Potential NBL…
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…
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Defined Terms and Price Assumptions Term Definition Debt Adjusted per Share Normalizes growth funded through debt by converting the change in debt into an equivalent Calculations amount of equity shares using an average stock price.…