Investor Meetings 4th Annual Johnson Rice October 2012 Energy Conference
Noble Energy Our future is NOW 2
Five-year Outlook 2011 to 2016 Superior performance from all core areas Projected Annual Growth Production Rates 126% f Transparent Growth Profile 32% f Contributions from All Operating Areas 20% 15% 14% f Key Outcomes by 2016…
Solid Sales Volume Growth Driven largely by crude oil Total Sales Volume Total Liquids Volume 300 140 120 250 100 200 80 150 60 100 40 50 20 0 0 1H 11 2H 11 1H 12 2H 12 Est 1H 11 2H 11 1H 12 2H 12 Est Domestic…
DJ Basin Double-digit production growth over next five years f Premier Liquids-rich Acreage Position with Huge Potential Cheyenne 640,000 net acres in Colorado Net risked resources total 1.4 BBoe N. Colorado f 2Q 12 Production 73…
Horizontal Niobrara Performance Dramatic production increase dominated by liquids f Activities Delivering 40,000 Net HZ Production (Boe/d) Current Level Impactful Growth 30,000 Expect to exit year above 35 MBoe/d net 20,000 Over…
Wattenberg Horizontal Niobrara All areas delivering positive, repeatable results Extension Area Boe/d 2010 2011 2012 Extension Area 500 Boe/d Avg. 30-day IP 800 30-day Avg (Boe/d) 448 447 497 66% Oil, 10% NGLs EUR (MBoe) 216 315…
Wattenberg Horizontal Niobrara Drilling Continuous improvement in drilling and completions Days Spud to Rig Release* Horizontal Completions 24 50 18 40 30 12 20 6 10 0 0 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 2Q10 3Q10…
Wells Ranch Section 25 Pilot Extension Area Excellent results after six months Wells Ranch Section 25 f Testing Areal and Vertical Recoveries 4 Well Pad Niobrara B Niobrara C All 9 wells performing above 310 MBoe type curve…
Wells Ranch Section 24 Pilot Extension Area 15-well pilot testing 40-acre density opportunity North f Testing 3 Development North Pad Codell Concepts/Patterns 5 Wells Niobrara B Niobrara A North Pad 40-ac spacing with Niobrara B…
Success in Northern Colorado Significant study and execution has opened the next development area f Recent 8 Wells Experiencing Wyoming Nebraska Good Results Weld County, Colorado 30-day average IPs 550 Boe/d with 79% oil and 6%…
Marcellus Shale Improving performance driving increased resources f Net Risked Resources up 35% to 10 Tcfe f 50% of 628,000 net acres PA Mcf/d SWPA Dry Type Curve OH 6,000 C PA Dry EUR up from 3.3 7.0 Bcf SW PA Wet to 4.4 Bcfe…
Marcellus Performance Accelerating production growth in dry and wet gas areas MMcfe/d Net Production f High-graded Drilling 160 Current Program in 2012 Level 120 60 dry gas wells focused on high EUR and high NRI (95%) 80 areas…
Wet Gas Activity Initially Focused in Majorsville Area Early results indicate area within super-rich window f 31,000 JV Acres in Majorsville Area Majorsville Majorsville Plant First pad online with 2 more Area scheduled in 3Q…
Marcellus JV Economics Attractive today with potential to improve f Todays Learnings Applied to Future Program Transferring DJ Basin techniques AT ROR Cost 60% Improvement and Longer f Targeting 20% Cost Improvement Laterals…
Deepwater Gulf of Mexico New production and exploration upside NBL Interests Louisiana Swordfish f Significant Production 85% WI Producing Adds in 2012 Discovery South Raton Galapagos 79% WI 29% WI Exploration Galapagos and…
Galapagos Project Start-up Initial oil rate 30% above expectations f First Oil Achieved Less MBoe/d Initial Net Production 20 Than 3 Years from Sanction Expected Rate Actual Rate 16 Production initiated June 2012 12 f All Wells…
Eastern Mediterranean A new global gas basin f Six Consecutive Discoveries Over 35 Tcf gross resources, Tanin 12 Tcf net 47% WI f Advancing Both Domestic and Tamar 36% WI Export Projects Cyprus* 70% WI f Substantial Exploration…
Israel Gas Demand Outlook Robust growth outlook with significant upside potential f Base Demand Growth Driven by Power Generation and Industrials f Potential for Converting Coal-fired Power Generation to Gas MMcf/d Annual Average…
Tamar Development Moving ahead on scheduled timeline f Contracts with 7 Customers Total gross quantity of 4.1 to 4.9 Tcf Gross revenue totaling 28 to 32 billion Regulatory approval received on IEC contract f Work Progressing on…
Leviathan Discovery World class offshore gas discovery f Resource Estimated at 17 Tcf Gross, 6 Tcf Net NBL operated with 40% WI 5 Proposed f High Quality Reservoir 1 Drilled and Flow test confirms well capability Evaluated 3…
West Africa Generating multiple growth opportunities f Strong Liquids Production Alba 34% WI Cameroon Net volumes 35 MBbls/d, 240 MMcf/d Gas sales to LNG and methanol plants Diega Methanol plant Alen 45% WI f Alen Oil Project…
West Africa Aseng Field Delivering breakthrough execution and performance f Sanction to Production in Less Than 3 Years First oil 7 months ahead of schedule Best-in-class safety performance f 2Q12 Sales Volume MBbl/d Gross Oil…
West Africa Alen Development Liquid gas-cycling project f On Schedule and Budget for First Production in 4Q 2013 Subsea wells and facilities complete Rigid pipelines installed Platform equipment delivered to integration site…
Global Exploration Portfolio Substantial worldwide resources exposure N.E. Nevada 330 M Gross Acres 1.2 BBoe Gross Resources NBL Operated 100% WI Sierra Leone 1.4 MM Gross Acres NBL 30% Eastern Med 1.3 MM Net Acres 2 BBoe Net…
Deepwater GOM Big Bend/Troubadour Prospects Potential near-term impact f Combined Gross Mean Louisiana Resources of 90 MMBoe f NBL Operated: Big Bend Troubadour Mississippi Canyon WI 54% 87.5% Pg 55% 54% f Similar to Nearby…
Cameroon Trema Prospect Initiating next phase of exploration f Pre-drill Summary NBL operated with 50% WI Water depth 1,950 feet; Target Depth 10,700 feet AVO supported target Upper Oligocene turbidite channel-fill complex Spud in…
Falkland Islands New frontier basin with extensive running room f Access to 10 Million Acres Margin fan play similar to West Africa Strong seismic amplitude support f Numerous Oil Leads and Scotia 35% WI Prospects Identified…
Noble Energy We can see the future NOW f High-quality and Diversified Portfolio f Sustainable Industry-leading Exploration f Organizational Capability to Execute f Robust Financial Framework f Highly Transparent Path…