www.anadarko.com NYSE: APC A N A D A R K O P E T R O L E U M C O R P O R AT I O N INVESTOR RELATIONS 2012 Howard Weil 40th CONTACTS: John Colglazier Vice President 832/636-2306 Clay Gaspar Manager 832/636-2541 Annual…
www.anadarko.com NYSE: APC Our Proven Strategy and Deep Portfolio Identify and Commercialize Resources Explore in High-Potential, Proven Basins Employ a Global Business Development Approach Ensure Financial Discipline and…
www.anadarko.com NYSE: APC 5 Years of Differentiating Results Predictable, Repeatable Growth 144 MBOE/d Sales Volume Growth 6% CAGR 1.5 BBOE Reserve Adds for 15/BOE Efficiency Improvements 20+% Reduction in LOE/BOE 50+%…
www.anadarko.com NYSE: APC Focused on Sustainable Growth and Value Volumes Growth with Focus on Returns Net Risked Resources Reserves Growth at Competitive…
www.anadarko.com NYSE: APC Predictable Reserves Generator 6.5+ BBOE Lower-Risk Development Opportunities Relative Resource Estimates Clear Path to 3+ BBOE by YE 2014 Transparent Reserves Pipeline Accelerating Reserve…
www.anadarko.com NYSE: APC Consistent Conversion of Discoveries to Cash 4+ BBOE High-Margin Net Resources Oil/Liquids Higher Natural Gas BRAZIL (POTENTIAL LNG MONETIZATION) SHENANDOAH HEIDELBERG VITO EAGLEFORD (PRODUCING)…
www.anadarko.com NYSE: APC Delivering Growth and Value Today and into the Next Decade Capital Allocated for Value, Not Solely Growth Oil/Liquids Line-of-Sight Liquids Growth and Reserve Additions Gas Gas at 4.50/Mcf Option Value…
www.anadarko.com NYSE: APC Strong Liquids Growth While Reducing Dry Gas Activities Rapidly Advancing Toward an Equalized Product Mix Reducing Dry Gas Activity in Current Price Environment Focus on High Margins and Cash…
www.anadarko.com NYSE: APC Exercising Financial Discipline 2.7 Billion Cash at YE 2011 2012 Capital Expenditures in Line with Cash Flow Cash Flow Protected with Tactical Hedges Net Debt/Capital Ratio Target of 25 - 35%…
www.anadarko.com NYSE: APC 2012 U.S. Onshore Liquids-Rich Investment Opportunities 2012 Planned Activity and Estimated Results GNB WATTENBERG HZ 2012 Wells Planned 400 2012 Wells Planned 170 Development Costs 5/BOE Development…
www.anadarko.com NYSE: APC Wattenberg HZ: A Superior Growth Opportunity 500 MM to 1.5 BBOE Net Resources 350,000 Net Acres in Core Wattenberg 1,200 - 2,700 Horizontal Drill Sites 300 - 600 MBOE EUR per Well Enhanced Returns…
www.anadarko.com NYSE: APC Wattenberg HZ: Premier Land Position and Mineral Ownership 350,000 Net Acres in Core Wattenberg Mineral Ownership Supercharges Economics Weld Larimer Anadarko Owns Minerals on Two-Thirds of Acreage…
www.anadarko.com NYSE: APC Eagleford: Premier Liquids-Rich Growth Engine Increased Net Resources to 600+ MMBOE 400,000 Gross Acres 200,000 Net Acres 65% Liquids Composition Doubled Identified Drill Sites to 4,000+ Zavala Frio…
www.anadarko.com NYSE: APC East Texas HZ: Growing Liquids 300+ MMBOE Net Resources 450 Identified Drill Sites 116,000 Net Acres 1 MMBOE EUR per Well Outstanding Economics 35+% Liquids Panola 50 - 90+% ROR HBP Liquids-Rich…
www.anadarko.com NYSE: APC Building Upon Exploration Momentum in 2012 Deliver 800+ MMBOE of Net Risked Resources 25 High-Impact Deepwater Exploration/Appraisal Wells Active Onshore U.S. Exploration Program Deep, Multi-Year…
www.anadarko.com NYSE: APC Creating Value Through Exploration 4+ BBOE Net Discovered Resources 2004 - 2011 7.5 Billion Exploration Capital 8 Billion Exploration Monetizations 2018 2017 Mozambique Shenandoah 2016 Heidelberg…
www.anadarko.com NYSE: APC Mozambique: Giant Discovery and Growing 6 MM Gross Acres 17 - 30+ Tcf Gross Recoverable TANZANIA Resources in Discovery Area Successful Barquentine-2 Flow Test 90 - 100 MMcf/d Facility Constrained 100…
www.anadarko.com NYSE: APC Mozambique: New Plays, New Opportunities TANZANIA Significant Additional Resource Potential MOZAMBIQUE 20+ Exploration Prospects and Leads Golfinho Planned 2012 Northern Atum Exploration Activity…
www.anadarko.com NYSE: APC Ghana: Significant Cash Flow and More to Come 0.6 MM Gross Acres Jubilee: Delivering Significant Cash Gulf of Guinea 100+ EBITDAX/Bbl Planned FPSO Jubilee Phase 1: Expect Payout YE 2012 Advancing…
www.anadarko.com NYSE: APC West Africa: Capitalizing on the Cretaceous Trend 7.5 MM Gross Acres SIERRA Venus LEONE (WI 55%) Mercury-2 Drilling Jupiter GHANA (WI 55%) CTE DIVOIRE Ghana Mercury LIBERIA Kosrou Discoveries (WI…
www.anadarko.com NYSE: APC Gulf of Mexico: Resuming Activity in 2012 3 MM Gross Acres 6 - 8 Exploration/Appraisal Wells Planned Pre-Moratorium Activity Level Heidelberg Success: Progressing Toward Sanction Infrastructure…
www.anadarko.com NYSE: APC Advancing GOM Mega-Projects Caesar/Tonga: Producing 45 MBOE/d Lucius: Sanctioned 200 - 400 MMBOE Resource 300+ MMBOE Resource Plan to Drill 4th Well in 2012 Capital-Efficient Project First Production…
www.anadarko.com NYSE: APC Value-Focused Growth Deliver Predictable, Repeatable, Value-Focused Growth Leverage Midstream as a Competitive Advantage Convert Discoveries to Cash and Advance the Next Generation of Mega Projects…