Noble Energy Differential company with differential results 2
2013 Highlights and Messages Strong operational momentum Delivering Robust Production Growth On target for 2013 average of 270 282 MBoe/d Midpoint of 3Q 13 guidance range up 20% from 3Q 12 Expanded Onshore U.S. Resource…
Five-Year Growth Outlook 2012 to 2017 Superior long-term performance Transparent Growth Profile Debt-Adjusted Growth per Share* from Discovered Resources (CAGR) Contributions from All Operating Areas 24% 21% Key Outcomes by…
Onshore Unconventional Developments Expanding core areas Accelerating Horizontal Activity Levels Repeatable, low-risk investments Capturing economies of scale Improving EURs and Recovery Rates Enhancing Performance Through…
Core Onshore Unconventional Production 1H 13 volumes up nearly 30% from 1H 12 MBoe/d Current Production 125 MBoe/d 120 100 80 60 40 20 0 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 DJ…
DJ Basin 2013 Operations Focused on oil window with superior economics Accelerating Development Wyoming Nebraska Target 300 horizontal wells spud Delineating New Areas of Northern 230,000 Net Acres 300 MMBoe NRR Colorado 1,750…
Integrated Development Plans (IDP) Optimizing ultimate resource recovery Economies of Scale Driven by Central Gathering and Processing Facilities Decreasing Capital and Lease Costs Reduced Surface and Environmental Impact and…
Extended-Reach Laterals Wells Ranch Maximizing value per horizontal foot drilled Boe/d 11 Wells Online and Performing Above 1,200 Expected Type Curves EURs Average Above 750 Thousand 1,000 Barrels Equivalent 800 600 400…
Marcellus 2013 Operations Accelerating drilling and completions in liquid-rich areas Wet Gas Increase Wet Gas Rig Count CNX Operated Dry Gas O NBL Activity 452,000 Gross Acres to Five and Target 80 Wells H Developing Majorsville and…
Global Offshore Major Projects Meaningful new production and sanctions targeted Exploration Success has Delivered Significant Cash Flow and Substantial Value Strong Track Record of Major Project Delivery 4 major projects online…
Rio Grande Area Big Bend and Troubadour Progressing development for near-term impact NBL Operated Development Big Bend 54%, Troubadour 60% WI Discovered Resources of Between 50 100 MMBoe Troubadour 75% oil Big Bend Targeting…
Alen Condensate Project Bringing high-value liquids to production NBL Operated with 45% WI Gas-cycling and reinjection project Commenced Production Late 2Q 13 Start-up ahead of schedule Ramping to Full Operations Utilizing…
Eastern Mediterranean Substantial natural gas driving near-term value Seven Discovered Fields Yielding 38 Tcf Gross Tanin Karish 47% WI 47% WI World-Class Tamar Online Tamar 36% WI Leviathan Expected to Supply Cyprus Dalit…
Tamar Project Long-term value for all stakeholders Tamar Online with Peak Deliverability Up to 1 Bcf/d First production 2.5 years from sanction industry leading cycle time 10 Tcf gross (NBL 36% WI) Near 100% Field and Facility…
Global Exploration Portfolio Substantial worldwide resource exposure Inventory of Prospects at Highest Level in Company History Past successes delivering new material production Pursuing additional core area and new venture…
Offshore Nicaragua Significant carbonate and clastic plays 1.8 Million Acres in Two Blocks NBL operated Multiple Oil Prospects and Leads Identified on 3D Seismic 2.7 BBoe gross unrisked resources Paraiso Prospect Currently…
Dantzler Prospect Mississippi Canyon 738/782 High-impact opportunity in 2013 Louisiana Louisiana NBL Operated with 65% WI Drilling Anticipated to Commence Shortly Mississippi Canyon 50 220 MMBoe (P75 P25) gross unrisked…
Elko County, N.E. Nevada Next growth opportunity 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…
Mesozoic Oil Play in Levant Basin A play with step-change potential Gross Unrisked Resource Potential Estimated at 3.7 BBoe Drillship for Deep Oil Prospect Expected to Arrive Early 2014 Potential exists under each of existing…
NBL Unique. By Design. Positioned for a decade of growth Diversified and Focused Asset Portfolio Significant contribution from all core areas Offers stability and superior returns Sustainable Industry-leading Exploration Program…