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October 2011 Johnson Rice Energy Conference – Noble Energy, Inc.

Noble Energy, Inc. · Oct 4, 2011 · 29 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. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 1
    David Stover President and COO October 2011 Johnson Rice Energy Conference
  2. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 2
    Noble Energy Creating long-term value f Diversified but Focused Asset Portfolio Allows optimal capital allocation for superior returns f Exploration-led Growth Proven track record, game-changing opportunities f Broad Lineup of…
  3. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 3
    Balanced and Diversified Portfolio Provides stability and strength Reserves YE 2010 f Leverage to U.S. and International 1.1 BBoe Markets United States f Exposure to Crude Oil and Natural Gas International f Quality Asset…
  4. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 4
    Exploration Track Record The right people, strategy, technology, and processes f Discovered nearly 2 BBoe in Last 5 Years Net Resources Discovered MMBoe Very low finding costs 1,000 Replaced about 25 times annual production…
  5. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 5
    Total Net Risked Resources Over four times proved reserves 8,400 Risked Resources (MMBoe) Deepwater GOM U.S. Eastern Onshore Med 4,600 West Africa Other 1,092 Proved Reserves Risked Resources Unrisked Resources 2010…
  6. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 6
    Major Development Project Line-up Inventory of growth drivers Liquids Onshore Gas U.S. Horizontal Niobrara Deepwater Galapagos GOM Gunflint Eastern Tamar Med Leviathan Aseng West Africa Alen…
  7. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 7
    Conservative Financial Position Supporting long-term growth plans f Over 1.5 Billion of Cash 2011 Volumes f 2.1 Billion Available Under Credit Facility Liquids Unhedged U.S. Gas f Debt to Book Cap Ratio, Net of Hedged Cash, of…
  8. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 8
    Marcellus Joint Venture Great strategic fit for NBL f Adds New U.S. Onshore Area with a Substantial Growth Profile Marcellus is one of the most economically attractive developments in North America Returns competitive with current…
  9. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 9
    Marcellus Joint Venture Significant scale and impact f Large Acreage Position within Marcellus Fairway 50% of 663,350 net acres Located in both wet and dry gas windows 87% HBP, high WI (100%) and NRI (88%) f Risked Resources…
  10. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 10
    Marcellus Joint Venture Unique Structure Provides for superior value creation f Investments Spread Over Long Time Horizon Competitive access cost at 7,100 per acre NPV10 Integrates well with NBLs long range plan f Built-in Circuit…
  11. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 11
    WY Denver Julesburg Basin Delivering U.S. onshore growth NE Cheyenne CO f Built Premier Liquids-rich Acreage Denver Position Over 840,000 net acres Operated rig count 8 vertical, 5 horizontal 485 vertical, 85 horizontal…
  12. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 12
    Wattenberg Field Horizontal development underway f Approximately 400,000 Net Acres NBL operated with 90% WI f Horizontal Drilling Improves Recoveries and Returns All wells 30-day IP average 530 Boe/d Estimated EURs 310 MBoe…
  13. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 13
    Central DJ Basin Niobrara Significant acreage position outside Wattenberg f Approximately 440,000 Net Acres Low entry cost, < 500 per acre Largely operated by NBL f Continue to Appraise N. Colorado and S. Wyoming Plan to drill 10…
  14. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 14
    Deepwater Gulf of Mexico Ongoing developments with significant upside NBL Interests f Near-term Production Adds NBL Interests Louisiana Louisiana Redrock Swordfish Producing 67% WI Redrock 85% WI Swordfish South Raton late…
  15. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 15
    Galapagos Project Near-term impact for NBL Louisiana f 130 MMBoe Gross Resources 75% oil NBL 29% average WI Mississippi Canyon Upside recoveries add 65 MMBoe f Project Development Plan NaKika 3 wells completed Santiago…
  16. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 16
    Deep Blue Prospect Resource potential remains f Operated by NBL Louisiana f Subsalt Miocene Prospect f Original Well Encountered Hydrocarbons Green Canyon Multiple high-quality reservoirs 32 feet of net pay Tahiti f…
  17. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 17
    Gunflint Mississippi Canyon 948 Noble Energys largest GOM discovery to-date Louisiana f NBL Operated Development Unitization agreement signed Included southern blocks to project area f Complex Subsalt Miocene Structure…
  18. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 18
    Deepwater GOM Exploration Portfolio Substantial resource opportunity f Majority Captured within Last Few Years Through Leasing Program Internally generated prospects Prospect Gross Size (MMBoe) Largely operated with high WI…
  19. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 19
    West Africa Generating multiple growth opportunities West Africa f Strong Production at Alba Field Net volumes 240 MMcf/d, 20 MBbls/d Gas sales to LNG and methanol plants f Exceptional Operated Exploration Track Record 3 oil and…
  20. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 20
    West Africa Aseng Development High performance oil project f 40 MMBbl Net Oil Resources f Start-up Targeted for Year End 2011 All wells drilled and completed FPSO sailed in September 2011 17,000 Bbl/d net (includes cost recovery)…
  21. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 21
    West Africa Alen Development Liquid focused gas-cycling project f 32 MMBbl Net Oil, Condensate Resources 313 Bcf net gas resources f Gas-cycling Increases Liquids Recoveries f High-quality Reservoir Avg. porosity 24%,…
  22. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 22
    West Africa Exploration Meaningful potential with multiple play types f 1.5 MM Gross Acres in Douala Basin Cameroon f Continuing to Mature Deeper Oil Opportunities Block O 45% WI Cameroon 3D seismic acquisition YoYo completed…
  23. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 23
    Eastern Mediterranean Existing asset position f Mari-B Continues to Deliver Reliable Supplies Nearly 100% operational reliability Compression project finalized Eastern Mediterranean 2Q demand up 40% from 2010 f Noa Development…
  24. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 24
    Israel Tamar World-class discovery and development f Resource Estimated at 8.4 Tcf, Gross NBL operated with 36% WI f Initial Development Phase 5 subsea completions at 200-250 MMcf/d per well Process capacity expanded to 1…
  25. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 25
    Israel Leviathan Largest discovery in NBL history f Resource Estimated at 16 Tcf, Gross NBL operated with 39.66% WI Several high-quality Miocene reservoirs 125 square mile aerial extent 1 f Appraisal Plan to Further Define 3…
  26. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 26
    Eastern Mediterranean Exploration Leading acreage position in a emerging basin f NBL Operates 3 MM Gross Acres f Four Consecutive Successes Based on geologic model and 3D Eastern Mediterranean interpretation f Multiple Prospects…
  27. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 27
    New Venture Opportunities Worldwide resource exposure Offshore France 2.3 MM Gross Acres NBL Operated with 72.5% WI Offshore Nicaragua 2 MM Gross Acres NBL Operated with 100% WI Offshore Senegal / Guinea Bissau 2.4 MM…
  28. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 28
    Important Messages About Noble Energy Unrecognized potential and value f Discovered Resources Deliver Significant Growth in Reserves, Production and Margins f Focused Exploration Portfolio with Substantial Running Room f…
  29. October 2011 Johnson Rice Energy Conference – Noble Energy, Inc. – slide 29

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