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BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp

Murphy Oil Corp · May 23, 2011 · 39 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. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 1
    Barclays Capital Americas Select Conference Kevin Fitzgerald Senior Vice President & CFO May 23, 2011 M U R P H Y O I L C O R P O R AT I O N
  2. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 2
    Murphy Global Growth Strong Production Growth Impactful Exploration Program Premium N. Am Resource Position Advantaged US Retail Financial Strength MURPHY OIL CORPORATION 3
  3. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 3
    Production Growth Annual Production, BOEPD 300,000 BOEPD by 2015 250,000 No Exploration Component 200,000 Existing Base: 120,000+ 150,000 N. A. Resource: 115,000 Eagle Ford 60,000 100,000 Montney 50,000 Seal 5,000 50,000…
  4. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 4
    Total Hydrocarbon Base Forecast 2009 2010 2011 2,814 MMBOE 3,291 MMBOE 3,400 MMBOE 439 MMBOE 455 MMBOE 500 MMBOE 18% 16% 14% 15% 36% 36% 14% 15% 14% 37% 15% 10% 10% 25% 25% Proved Probable Possible Contingent…
  5. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 5
    Reserves & Production Replacement Proved Reserves (MMBOE) Production Replacement 600 200% Developed Undeveloped 175% 500 150% 400 125% 300 100% 75% 200 50% 100 25% 0 0% 2007 2008 2009 2010 2007 2008 2009 2010 Growing…
  6. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 6
    EXPLORATION MURPHY OIL CORPORATION 7
  7. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 7
    2011 - 12 Exploration Program Kurdistan GOM 2 Wells 5 Wells Malaysia 3 Wells Brunei 10 Wells Congo Indonesia 4 Wells 4 Wells Australia Oil Focus on Oil 2 Wells Gas 30 Wells (gross) 2011-12 Oil & Gas Testing 4 Billion…
  8. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 8
    2011 - 2012 Exploration Program Q3 - 11 Q4 - 11 Q1 - 12 Q2 - 12 Q3 - 12 Q4 - 12 INDONESIA Semai ll South Barito CONGO MPN MPS BRUNEI CA-1 CA-2 KURDISTAN Central Dohuk + AUSTRALIA WA-423-P NTP-80 MALAYSIA Block H & P GOM…
  9. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 9
    Tangguh LNG Indonesia Semai II Wanapiri Semai IV JSA JSA Wokam II Semai II 100 Km Murphy W.I. 28.33% Primary Play: Jurassic Multiple Prospects Water Depth: 1095m TD: 6500m Resource Range: 330-660 MMBOE Lengkuas Wokam II…
  10. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 10
    Congo Significant Potential Remains New 3D in MPN Multiple Play Types; Large Prospect Inventory Titane Post-Salt Carbonates Pre-Salt TRQM & Titane Tie Backs Being Worked MURPHY OIL CORPORATION 11
  11. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 11
    Brunei SABAH BRUNEI CA-1 & CA-2 SARAWAK Multiple BLOCK CA-1 BLOCK K Mega Structures (5% W.I.) Kikeh Kakap- BLOCK CA-2 Gumusut Drilling Schedule (30% W.I.) B(H1) 3 4 Wells in 2011 6 8 Wells in 2012 H10…
  12. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 12
    TURKEY Kurdistan SYRIA IRAN IRAQ MURPHY Central Dohuk Central Dohuk 50% W.I. Operator Erbil Office Procuring Seismic Erbil New Block Signing Imminent Kirkuk 20% W.I. Oil Gas Condensate Billion Barrel Green Line…
  13. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 13
    Global Exploration 2011 Program 11 Wells; 6 Countries 2012 Program 19 Wells; 6 Countries Growing Exploration Acreage Positions Globally Oil Weighted Portfolio Includes Impact Targets (Gross wells) MURPHY OIL…
  14. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 14
    North American Resource Portfolio MURPHY OIL CORPORATION 15
  15. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 15
    N. American Resource Exposure 2011 Program (gross wells) Eagle Ford Shale Montney Seal 4-8 Rigs; 45 Wells 20 Expl. / 25 Dev. Exshaw/Bakken Montney 5 Rigs; 60 Wells Eagle Ford Shale Seal Lake 2 Rigs; 60 Wells Exshaw/Bakken…
  16. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 16
    Eagle Ford Shale Activity KARNES TEXAS TILDEN CATARINA 25 Horizontal Wells Drilled - 15 Producers - 10 Waiting on Completion Status Phase I - Acquired Murphy Acreage NUECES Phase II - Acquired 220,000 Acres Eagle…
  17. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 17
    Eagle Ford Shale TEXAS Well Activity To Date: Drilled 25 Producing 15; Awaiting Frac 10 Producing 4,000 BOPD & 5 MMCFPD (gross) 4 Rigs Working; 8 Rigs by Year-end 2 - Karnes 1 - Tilden 1 - Catarina Dedicated Frac Crew…
  18. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 18
    BRITISH Montney COLUMBIA ALBERTA Entered Play in 2007 Groundbirch British Columbia Alberta Current Production: TCPL 200+ MMCFPD Tupper West Dawson Creek Drilling & Completion Improvements Continue Brassey Sundown…
  19. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 19
    BRITISH Tupper COLUMBIA ALBERTA Tupper Main Production: 100+ MMCFPD Costs Below 3.75/MCF 305 BCF; 3.5 BCF/Well (gross) Tupper West Phase I (Feb 2011) Production 100+ MMCFD Plant Capacity 180 MMCFD Capex C2.0 Billion…
  20. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 20
    BRITISH COLUMBIA Seal ALBERTA Murphy 100% Lands Murphy Acreage Murphy 50% W.I. Lands 182,000 Acres Large Resource 5+ Billion Bbls Oil in Place Current Net Production 7,500 BOPD New Development Plan EOR Pilots - Began Sept.…
  21. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 21
    Southern Alberta ALBERTA 150,000 Net Acres Three Objectives SWS Rierdon Exshaw Evaluation Phase Spud First Well: Feb 2011 6 Wells in 2011 MURPHY OIL CORPORATION 22
  22. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 22
    N. A. Resource Plays Four Play Exposure Three For Oil Lease; Drill and Produce all the Time Drives Performance Attractive Entry Costs Predictable Growth Looking to Add a Fifth Play Complements Global Exploration MURPHY OIL…
  23. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 23
    FIELD DEVELOPMENT MURPHY OIL CORPORATION 24
  24. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 24
    Malaysia - Kikeh SABAH SARAWAK Field Development On-Going Production Oil = 55,000 BOPD Gas = 75 MMCFPD Workover Program On-Going MURPHY OIL CORPORATION 25
  25. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 25
    Malaysia - Sarawak Gas LEGEND SABAH Oil / Gas Field Oil / Gas Discoveries Prospect Gas Holding Ring Fence Oil / Gas Pipeline SARAWAK 0 25 KILOMETERS SAPIH TIRAM Production (gross) Gas = 250 MMCFPD SERAMPANG…
  26. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 26
    Malaysia Fields to Sanction - 2011 Field Block 1st Production * Patricia SK 309 2012 * Serendah SK 309 2013 South Acis SK 311 2013 Permas & Endau SK 311 2013 Siakap North K 2013 Rotan H 2014 (* Sanctioned) MURPHY OIL…
  27. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 27
    US Gulf of Mexico Activity Slowly Returning to GOM Frontrunner Received Permit for A8 Re-entry Application submitted for A7 ThunderHawk Application for TH 4 Medusa New Zone Completion Production Impacts 3,500 BOEPD in 2010…
  28. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 28
    Congo - Azurite Production (gross) 13,000 BOPD One Additional Well to be Drilled Evaluating Satellite Discovery Tie-ins MURPHY OIL CORPORATION 29
  29. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 29
    DOWNSTREAM MURPHY OIL CORPORATION 30
  30. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 30
    Refining Divestiture Lack Competitive Scale; Requires Significant CAPEX Upstream & Retail Drive Value Creation Working Capital Reduction: 600 - 900 MM (pretax) 2nd Half 2011 Close Redeploy Proceeds Realign Murphy as…
  31. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 31
    US Retail 1115 Stations in 23 States Small Kiosk Format (1,001) Located in Wal-Mart Parking Lots MURPHY OIL CORPORATION 32
  32. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 32
    Murphy USA 2010 Market Share 1% - 2% US Market Share 3% 3% - 6% 5% Market Share in our 7% - 14% Footprint TN OK As of 8/2010 MURPHY OIL CORPORATION 33
  33. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 33
    Murphy USA Low Price, High Volume Fuel Seller Low Cost Fuel Supplier Low Cost Operator Low Price Niche Merchandising Partnered with 1 US Retailer Wal-Mart MURPHY OIL CORPORATION 34
  34. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 34
    High Revenue Business Billion 14 12.10 12 10.60 10.70 10 9.70 8 5.80 6 4 2 0 Barnes & Nordstrom Murphy USA Starbucks Southwest Noble 2010 Source: Company Reports MURPHY OIL CORPORATION 35
  35. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 35
    Financial Performance 2010 Returns: EBITDA / Invested Assets 25 20 15 10 5 0 Pantry Susser Casey's Couche Tard Murphy MURPHY OIL CORPORATION 36
  36. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 36
    Biofuels - Ethanol Hankinson Renewable Energy 120 MMGY 2010 Net Income 18 Million 2010 Cash Flow 26 Million Hereford Renewable Energy Start up & Commissioned March 2011 Nameplate Capacity 105 MMGY WDGS Sold to Nearby…
  37. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 37
    US Retail Strengths Providing Quality Low Cost Fuel where the Customers want it Wal-Mart High Operating Cost Efficiencies High Fuel Volume per Site Tailor Future Sites to Market High Traffic Count MURPHY OIL CORPORATION…
  38. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 38
    Murphy Premium Business Global Footprint Upstream Production Growth Exploration Key Contribution; Oil Focus North American Resources Complement US Retail Top Quartile Business Low Cost When Price Matters; Room for Growth…
  39. BARCLAYS CAPITAL AMERICAS SELECT CONFERENCE – Murphy Oil Corp – slide 39
    Barclays Capital Americas Select Conference Kevin Fitzgerald Senior Vice President & CFO May 23, 2011 M U R P H Y O I L C O R P O R AT I O N

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