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2011 Guidance Update Call – Anadarko Petroleum Corp

Anadarko Petroleum Corp · Feb 24, 2011 · 65 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. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 1
    www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION INVESTOR RELATIONS CONTACTS: John Colglazier Vice President February 24, 2011 832/636-2306 Dean Hennings Manager 832/636-2462
  2. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 2
    www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION John Colglazier VP, Investor Relations and Communications
  3. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 3
    www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION Jim Hackett Chairman and CEO
  4. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 4
    www.anadarko.com NYSE: APC Our Premier Balanced Portfolio is Built to Deliver Our Strategy is Working: Identify and Commercialize Resources Explore in High-Potential, Proven Basins Employ a Global Business Development Approach…
  5. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 5
    www.anadarko.com NYSE: APC Built to Deliver Strong Results Cumulative 2008 - 2010 March 2008 2008 - 2010 3-Year Guidance Results Sales Volumes (MMBOE) 658 - 679 661 Capital (Billions) 15.1 - 16.1 14.6 Reserve Adds* (MMBOE) 825+…
  6. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 6
    www.anadarko.com NYSE: APC Built to Deliver in Any Environment Commodity-Price Allocate Capital to Capture Value Disconnect Enhancement from Liquids Accelerate Portfolio High Grade; Selective Monetizations Value Gulf of…
  7. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 7
    www.anadarko.com NYSE: APC Built to Deliver Growth and Value 7 - 9% Five-Year Production CAGR 3+ BBOE of Proved Reserves by Year-End 2014 150+% Annual Reserve Replacement F&D Less Than 15/BOE Transition Discoveries to…
  8. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 8
    www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION Al Walker President and Chief Operating Officer
  9. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 9
    www.anadarko.com NYSE: APC 2011 Expectations Guidance Sales Volumes (MMBOE) 244 - 248 Capital* (Billions) 5.6 - 6.0 Reserve Replacement 150+% By Area By Type Midstream/ Midstream/ Other Other GOM 10% 10% 10% Exploration…
  10. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 10
    www.anadarko.com NYSE: APC Premier Balanced Portfolio 11+ BBOE Net Risked Captured Resources Line-of-Sight Production Growth Predictable Reserves Generator Differentiating Value from Exploration PRODUCTION EXPLORATION…
  11. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 11
    www.anadarko.com NYSE: APC Built for Sustainable Growth and Value 11+ BBOE 10.5+ BBOE De-Risked Exploration Exploration Mozambique 3.5+ BBOE Accelerate Production 3.5+ BBOE West Africa and Reserves Growth Shales Brazil De…
  12. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 12
    www.anadarko.com NYSE: APC Line-of-Sight Production Growth 7 - 9% Five-Year Production CAGR Moving Toward Equalized Product Mix 1,000 50% Sales Volumes (MBOE/d) C AG R 800 7 - 9% Percent Liquids 45% 600 400…
  13. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 13
    www.anadarko.com NYSE: APC Predictable Reserves Generator Capital-Efficient Base More Than Replaces Production Mega Projects and Shales Accelerate Reserves Growth 3+ BBOE of Proved Reserves by Year-End 2014 4 3+ BBOE 2.4…
  14. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 14
    www.anadarko.com NYSE: APC Focused Exploration in High-Potential Basins Deliver 500+ MMBOE of Net Risked Resources 25 High-Impact Deepwater Exploration / Appraisal Wells Deep, Multi-Year Inventory of Identified Prospects…
  15. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 15
    www.anadarko.com NYSE: APC Five-Year Plan Based on 90/Bbl and 4.50/Mcf 2010A 2011E 2012E 2013E 2014E Sales Volumes (MMBOE) 235 244 - 248 260 - 275 285 - 305 315 - 340 Cash Flow (B) 5.4 6.3 - 6.4 6.5 - 7.0 7.1 - 7.6 7.6 - 8.4…
  16. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 16
    www.anadarko.com NYSE: APC Strength of Balance Sheet Ended 2010 with 3.7 Billion of Cash on Hand Access to 5-Year 5 Billion Undrawn Credit Facility Significantly Extended Debt Maturities 17
  17. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 17
    www.anadarko.com NYSE: APC Positioned for the Future Accelerating Value from Capital-Efficient Base Realizing Tremendous Growth from Shale Plays Developing Sanctioned Mega Projects Advancing Next-Generation Mega Projects…
  18. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 18
    www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION Chuck Meloy SVP, Worldwide Operations
  19. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 19
    www.anadarko.com NYSE: APC Worldwide Operations 2011 Expectations Capital by Region* Volumes by Region Midstream 10% Intl/Frontier GOM 16% 10% Rockies 40% GOM Rockies Intl/Frontier 18% 44% 15% Southern & Southern &…
  20. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 20
    www.anadarko.com NYSE: APC Delivering Record Results Total Company 700 6% CAGR Sales Volumes* (MBOE/d) 6% CAGR Over 4 Years 650 643 Tremendous Growth in Shales 603 600 Low-Cost / High-Growth in Rockies 563 550 541…
  21. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 21
    www.anadarko.com NYSE: APC NAV-Focused Capital Allocation 2013+ 12% 2.1 Billion 2011 Maintenance Capital 2012 15% Program Delivers Near-Term Volumes 2011 and Reserves Growth 73% Continuing Efficiency Gains 2011 Investment to…
  22. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 22
    www.anadarko.com NYSE: APC Driving Down Lease Operating Expense Organizational Initiatives Drive Improvements Leveraging Technology Expanding Automation Sharing Best Practices Reducing Waste Total Company 2011E Cost per BOE…
  23. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 23
    www.anadarko.com NYSE: APC Predictable Reserves Generator 11+ BBOE Clear Path to 3+ BBOE by YE 2014 Transparent Reserves Pipeline Exploration 3.5+ BBOE 150% Reserve Replacement 5.5+ BBOE Lower-Risk Development Opportunities…
  24. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 24
    www.anadarko.com NYSE: APC Gulf of Mexico and International Gulf of Mexico Caesar/Tonga Completions Under Way with First Oil Expected in 2012 Planning Lucius Flow Test in 2011 Actively Engaged with BOEMRE on Permitting Process…
  25. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 25
    www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION Jim Kleckner VP, Rockies Operations
  26. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 26
    www.anadarko.com NYSE: APC Rockies Powerhouse The Growth…
  27. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 27
    www.anadarko.com NYSE: APC Greater Natural Buttes Continues to Deliver UTAH Net Acreage: 189,000 6,000+ Lower-Risk Drill Sites APC ACREAGE Developing Deeper Zones Enhanced Margins 0.80/Mcfe Uplift from Processing 31% LOE/BOE…
  28. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 28
    www.anadarko.com NYSE: APC Greater Natural Buttes: Enhancing Returns Improving Mesaverde Improving Type Curve 2,200 Focus on Higher-EUR Fairway Gas Rate (Mcf/d) 1,800 10-Acre Spacing 2010 Wells 1,400 2009 Wells 2008…
  29. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 29
    www.anadarko.com NYSE: APC Wattenberg Field: Getting Better and Better Net Acreage: 350,000 Extensive High-Quality Inventory COLORADO APC ACERAGE APC LAND GRANT 6,000+ Vertical New Drills 25 25 miles miles 6,000+…
  30. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 30
    www.anadarko.com NYSE: APC Core Position in Emerging Niobrara Opportunity The Value of the Land Grant WYOMING Emerging Oil Play Position Net Acres DJ Basin DJ Basin Mineral & Leasehold 900,000 SILO FIELD PRB Deep Leasehold…
  31. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 31
    www.anadarko.com NYSE: APC Horizontal Niobrara Opportunity Land Grant Advantage Anadarko Economics Enhanced 100% NRI on Mineral Acreage by Land Grant Position EUR vs. BTAX ROR Held in Perpetuity No Lease Bonus 100% shi p…
  32. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 32
    www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION Doug Lawler VP, Southern & Appalachia Operations
  33. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 33
    www.anadarko.com NYSE: APC Tremendous Shales Growth 10% of Total Company Sales Volumes at Year-End 2011 Significant Reserves Growth Engine Robust Economics Shales and Growth Plays 80 Sales Volumes (MBOE/d) A ST 60 EC…
  34. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 34
    www.anadarko.com NYSE: APC Eagleford: Stellar Growth Industry Leading: Gross Acreage: 400,000 Growth Trajectory TX TX Net Acreage: 300,000 Cycle Times Value Creation Concentrated in Average EUR Increased Condensate-Rich…
  35. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 35
    www.anadarko.com NYSE: APC Eagleford: Breaking Out of the Pack Everything in Place to Deliver Dedicated Service Providers Gathering Oil Facilities 20+% NGL Water Management Sales-Volumes Uplift Due to Processing Processing 25…
  36. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 36
    www.anadarko.com NYSE: APC Eagleford: Industry-Leading Performance Most Active Drilling Program with Fastest Cycle Time 100+ Wells Drilled 6 Wells Drilled Under 10 Days 32% Cycle-Time Improvement with 64% Lateral-Length Increase…
  37. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 37
    www.anadarko.com NYSE: APC Eagleford: Significant Value Generator Exceptional Economics Average EUR 450+ MBOE 5 - 5.5 Million Well Cost 100% 100% Cumulative Production 1,000 BOE/d IPs 80% Percent of Initial Production…
  38. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 38
    www.anadarko.com NYSE: APC Eagleford: Accelerating Value Production Deliverability 100% 2011 Planned Activity 94% Percent of Delivery Flowing to Sales Ramp to 10+ Rigs 90% Drill 200+ Wells Perform 3,000+ Frac Stages…
  39. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 39
    www.anadarko.com NYSE: APC Marcellus Shale Growth Engine Marcellus Marcellus Shale Shale Play Play Significant Outperformance 1+ BBOE Net Risked Resources Gross Acreage: 760,000 NEW YORK Increasing Average EURs…
  40. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 40
    www.anadarko.com NYSE: APC Marcellus Shale Growth Engine Exceeding Expectations 8 Average Marcellus Production (80 Wells) 7 6 6 Bcf EUR 5 MMcf/d 4 APC Average 3 Guidan 4 Bcf EUR ce Typ e Curv 2 e 1 0 0 50 100…
  41. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 41
    www.anadarko.com NYSE: APC Marcellus Shale Growth Engine Driving Value Through Efficiencies Marcellus Drilling Cycle Time Avg. Days from Spud to Rig Release 60 4 0% Impr 50 ovem Cycle-Time Improvements ent Days from Spud…
  42. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 42
    www.anadarko.com NYSE: APC Permian Oil: New Plays in Old Basins Gross Acreage: 600,000 Net Acreage: 330,000 Large Prospective Leasehold Multiple Targets / High IPs Avalon 900+ BOE/d Bone Spring 1,500+ BOE/d Wolfcamp 1,500+…
  43. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 43
    www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION Bob Daniels SVP, Worldwide Exploration
  44. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 44
    www.anadarko.com NYSE: APC 2010 Exploration Success Delivered 650+ MMBOE of Net Risked Resources 60% Offshore Exploration Success 100% Offshore Appraisal Success 2 Top-10 Worldwide Discoveries* Windjammer Lagosta Strong Start…
  45. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 45
    www.anadarko.com NYSE: APC Creating Value Through Exploration 2004 - 2010 Net Risked Resources Discovered: 3.5 BBOE Exploration Capital Spent: 6 Billion Exploration Monetization: 6 Billion Transitioned to To Be Appraised…
  46. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 46
    www.anadarko.com NYSE: APC Our Big Boys are BIG 1+ BBOE Net Risked Resources Gross Resource Potential in MMBOE Itaipu Wahoo 200+ 300+ Moz. Gas Vito Dev Cost / BOE 200+ Jubilee Heidelberg 200+ 300+ El Merk 6+ Tcf…
  47. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 47
    www.anadarko.com NYSE: APC Mega Projects Deliver Differentiating Value 400 Estimates Based on 90/Bbl and 4.50/Mcf Sales Volumes (MBOE/d) Significant Oil Volumes and Reserves Robust Economics and Margins World-Class Projects…
  48. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 48
    www.anadarko.com NYSE: APC 2011 Exploration Capital Allocation Accelerating International Programs 77% Directed to Drilling Activities 60% Exploration 40% Appraisal U.S. Onshore Drilling 24% International 77% 59% GOM 17%…
  49. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 49
    www.anadarko.com NYSE: APC Focused Exploration in High-Potential Basins Deliver 500+ MMBOE of Net Risked Resources 25 High-Impact Deepwater Exploration / Appraisal Wells Deep, Multi-Year Inventory of Identified Prospects…
  50. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 50
    www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION Frank Patterson VP, International Exploration
  51. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 51
    www.anadarko.com NYSE: APC West Africa: Multi-Billion Barrel Potential 2011 Planned Activity: Sierra Leone / Liberia Ghana Drill 2 Exploration Wells Drill 4+ Exploration Wells Drill Mercury Appraisal Well Drill 4+ Appraisal Wells…
  52. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 52
    www.anadarko.com NYSE: APC Ghana: Line of Sight to Next Development Jubilee Producing 0.5 MM Gross Acres 4 Additional Major Discoveries TWENEBOA 2 OWO & Successful Mahogany East Successful Appraisal TEAK 2 Drilling Sidetrack…
  53. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 53
    www.anadarko.com NYSE: APC Ghana: Transitioning Tweneboa / Enyenra ENYENRA (OWO) TWENEBOA 4 T 3 & T 3ST A A Top Campanian Proposed TWENEBOA 1 Enyenra 3 Discovery T-1 Top Turonian OWO 1 Discovery Tweneboa Complex…
  54. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 54
    www.anadarko.com NYSE: APC Ghana: Expanding Opportunities Jubilee to Teak Cross Section West Cape Three Points A H 1 M 1 M 2 TEAK 2 TEAK 1 A APC WI 31% PROSPECT Gas Gas Cloud Cloud Top Campanian DISCOVERY SUCCESSFUL WELL…
  55. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 55
    www.anadarko.com NYSE: APC Sierra Leone and Liberia: 1 Year Ago SIERRA LEONE GHANA VENUS B 1 JUBILEE Discovery JUBILEE UNIT UNIT DEEPWATER SL-06 TANO SL-07 LIBERIA LB-17 WEST CAPE THREE POINTS LB-16 (To Scale) LB-15…
  56. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 56
    www.anadarko.com NYSE: APC Sierra Leone and Liberia: Current View SIERRA LEONE GHANA VENUS B 1 JUBILEE Discovery JUBILEE UNIT UNIT MERCURY 1 DEEPWATER SL-07B-10 Discovery TANO LB-17 LIBERIA WEST CAPE THREE POINTS…
  57. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 57
    www.anadarko.com NYSE: APC Sierra Leone and Liberia: A Familiar Look JUPITER IO CALLISTO MERCURY STRONTIUM YEKEPA MONTSERRADO 1 Sierra Leone Liberia Source Rock ENYENRA TO JUBILEE IN SCALE TO SIERRA LEONE/LIBERIA SIERRA 110…
  58. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 58
    www.anadarko.com NYSE: APC Offshore Mozambique Success Story 2.6 MM Gross Acres 4 Major Discoveries Lagosta - 550 Net Feet of Pay WINDJAMMER BARQUENTINE Barquentine - 416 Net Feet of Pay Discovery Discovery Windjammer - 555…
  59. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 59
    www.anadarko.com NYSE: APC Mozambique: Building on Success APC APC Operator Operator OFFSHORE AREA OFFSHORE (APC (APC WI AREA 1 WI 36.5%) 36.5%) 1 Acquire and Evaluate 3D Integrate Well Results Extend Gas Play…
  60. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 60
    www.anadarko.com NYSE: APC Mozambique: The Geology of Size Atum WINDJAMMER WINDJAMMER Vast Areal Extent and Huge Resource Potential Orca High-Quality 0 15 Continuous Sands Miles Very Low Dip Rates 0 15 LAGOSTA LAGOSTA…
  61. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 61
    www.anadarko.com NYSE: APC Mozambique: Advancing Commercial Solution Exploration Drilling Phase I (Initial LNG Train) Appraisal Drilling & Testing 3D Acquisition Reserve Certification FEED Commercial EIA FID…
  62. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 62
    www.anadarko.com NYSE: APC Kenya: An Emerging Opportunity Similar Depositional KENYA Environment to Rovuma Basin in Mozambique 7.6 Million Gross Acres Operator with 70% WI Planned Activity TANZANIA 3D Seismic in 2011…
  63. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 63
    www.anadarko.com NYSE: APC Brazil: Appraising Success Itauna Post-Salt Discovery 1 MM Gross Acreage Miles Tertiary Pay 820 Feet of Show 150+ Net Feet of Pay BM-C-32 33% WI Heavy Oil Discovery COALHO Esprito ITAIPU Albian…
  64. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 64
    www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION Jim Hackett Chairman and CEO
  65. 2011 Guidance Update Call – Anadarko Petroleum Corp – slide 65
    www.anadarko.com NYSE: APC Anadarkos Competitive Edge Low-Cost, Stable Production Base Capital-Efficient, Lower-Risk Development Activities Excellent Economics in Shale Plays Premier Exploration Portfolio Strong Balance Sheet…

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