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DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp

Murphy Oil Corp · Nov 21, 2011 · 40 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. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 1
    Deutsche Bank 2011 Energy Conference Kevin Fitzgerald Sr. Vice President & Chief Financial Officer September 21, 2011 M U R P H Y O I L C O R P O R AT I O N
  2. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 2
    Murphy Global Growth Strong Production Growth Premium N. Am Resource Position Impactful Exploration Program Advantaged US Retail Strategic Repositioning Exit Refining Financial Strength MURPHY OIL CORPORATION 3
  3. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 3
    Production Growth 300 MBOEPD in 2015 350,000 Barrels Oil Equivalent per Day 300,000 Eagle Ford Shale Oil & Gas 250,000 115,000 Canada - Seal Oil & Montney Gas Malaysia SK; Siakap N. Oil & Rotan FLNG 200,000 Eagle Ford Shale Karnes ;…
  4. DEUTSCHE BANK 2011 ENERGY 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. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 5
    Reserves & Production Replacement Proved Reserves (MMBOE) 600 Developed Undeveloped Reserve Replacement 500 131% Annual Avg. Last 4 Years 400 124% in 2010 Estimate 150% in 2011 300 200 Growing Production Profile 100 0…
  6. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 6
    EXPLORATION MURPHY OIL CORPORATION 7
  7. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 7
    2011 - 12 Exploration Program Kurdistan GOM 2 Wells 3-4 Wells Malaysia 5-8 Wells Brunei 5-12 Wells Congo Indonesia 2-3 Wells 1-2 Wells Australia Oil 1-2 Wells Focus on Oil Gas 19-33 Wells (gross) 2011-12 Oil & Gas…
  8. DEUTSCHE BANK 2011 ENERGY 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 BRUNEI CA-1 CA-2 GOM Multiple MALAYSIA Block H KURDISTAN Baranan Central Dohuk CONGO MPN/MPS AUSTRALIA…
  9. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 9
    US Gulf of Mexico Deep Blue GC 723 Murphy W.I. = 9.375% Main Hole Encountered 32 Oil Pay Updip Side Track Permit Approved Drilling Underway 723 ST1 Resource Potential 115 200 MMBOE MURPHY OIL CORPORATION 10
  10. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 10
    Brunei SABAH BRUNEI CA-1 & CA-2 SARAWAK Multiple Mega- BLOCK CA-1 BLOCK K Structures (5% W.I.) Kikeh Kakap- 2011 Gumusut BLOCK CA-2 4 Firm Wells (30% W.I.) Julong 2 Rigs Center September Spuds 2012 Tualang At Least…
  11. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 11
    Congo Significant Potential W Multiple Play Types; Large U V Prospect Inventory Post-Salt Carbonates Pre-Salt Titane New 3D in MPN Confirms Pre-Salt Structures TRQM & Titane Tie Backs Being Worked AB-2 2-3 Wells in…
  12. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 12
    Iraq TURKEY Kurdistan Region SYRIA IRAN IRAQ CENTRAL DOHUK Triassic Oil Discovery Central Dohuk 50% W.I. Operator Jurassic Oil Discovery Seismic Ongoing Spud Mid-2012 Baranan Block BARANAN 20% W.I. Drilling Spud…
  13. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 13
    Iraq - Central Dohuk 2 Giant Structures Billion Barrel Potential Simplified Legend Pliocene Miocene Oligocene Mid-2012 First Well U Eocene M, L Eocene Paleocene U Cretaceous L Cretaceous 10 km Potential in SW NE…
  14. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 14
    Malaysia - Block H SABAH SARAWAK Rotan Floating LNG Phase I Gas Sales 600 BCF 180 MMCFPD for 7 - 9 Years ROTAN Production Targeted 2015 DOLFIN Large Prospect Inventory MURPHY OIL CORPORATION 15
  15. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 15
    Impactful Global Exploration 2011 - 12 Program Global Exploration Reach 19-33 Gross Wells; 7 Countries Capital Emphasis 2011 440 Million Global Exploration Spend 1.45 Billion North American Resource Spend Multiple Prospects…
  16. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 16
    North American Resource Portfolio MURPHY OIL CORPORATION 17
  17. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 17
    N. American Resource Exposure 2011 Program Eagle Ford Shale Montney Seal 5-7 Rigs; 46 Wells 20 Expl. / 26 Dev. Exshaw/Bakken Montney 4-6 Rigs; 55 Wells Eagle Ford Shale Seal Lake 2 Rigs; 60 Wells Exshaw/Bakken 1 Rig; 6-9…
  18. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 18
    Eagle Ford Shale Activity KARNES TEXAS TILDEN CATARINA 39 Horizontal Wells Drilled - 28 Producers - 11 Waiting on Completion Murphy Acreage NUECES 220,000 Net Acres Murphy Gas Well 0 10 mi Murphy Oil Well…
  19. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 19
    Eagle Ford Shale TEXAS Well Activity To Date: Drilled 39 Producers 28; Awaiting Completion 11 Producing 7,000 BOPD & 4 MMCFPD (gross) 5 Rigs Working; 7 Rigs by Year-end 2 Karnes; 2 Tilden; 1 Nueces Dedicated Frac Crew…
  20. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 20
    Karnes Field Exceeding Expectations 1000 Daily Oil Production (BPD) 100 10 0 50 100 150 200 250 300 350 400 450 500 Days Karnes Sanction Type Curve Daily Average MURPHY OIL CORPORATION 21
  21. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 21
    BRITISH Montney COLUMBIA ALBERTA Tupper Main 100+ MMCFPD All-in Costs Below 3.75/MCF Groundbirch 81 Wells on Production British Columbia Alberta Sanction Recovery Tupper West 305 BCF; 3.5 BCF/Well (gross) Dawson Creek…
  22. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 22
    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 7,000 BOPD New Development Plan EOR Pilots Polymer Flood…
  23. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 23
    Southern Alberta ALBERTA Primary Objective Exshaw/Bakken Evaluation Phase 5 Wells Drilled to Date Drilling 6th Well 3 Producers; 1 Evaluating; 1 Awaiting Completion 6-9 Wells in 2011 MURPHY OIL CORPORATION 24
  24. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 24
    N. A. Resource Plays Four Play Exposure Three For Oil Predictable Growth Attractive Entry Costs Lease; Drill and Produce all the Time Drives Performance Entry in a Fifth Play Ongoing Complements Global Exploration MURPHY…
  25. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 25
    FIELD DEVELOPMENT MURPHY OIL CORPORATION 26
  26. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 26
    Malaysia - Kikeh SABAH SARAWAK Field Development Ongoing Production Oil = 60,000 BOPD Gas = 80 MMCFPD Workover Program Ongoing First Gravel Pack Successful Spar Rig On Location Sub-Sea Well Workover Nearing…
  27. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 27
    Malaysia - Sarawak Gas LEGEND SABAH Oil / Gas Field Oil / Gas Discoveries Prospect Gas Holding Ring Fence Oil / Gas Pipeline SARAWAK 0 25 KILOMETERS SAPIH ENDAU TIRAM Production (gross) Gas = 260 MMCFPD SERAMPANG…
  28. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 28
    Malaysia - Fields to Sanction 2011 Field Block 1st Production * Patricia SK 309 2012 * Serendah SK 309 2013 South Acis, Permas, SK 311 2013 Endau Siakap North K 2013 Rotan H 2015 (* Sanctioned) MURPHY OIL CORPORATION 29
  29. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 29
    US Gulf of Mexico Front Runner A-8ST on Production Preparing to drill A-7ST Thunder Hawk Awaiting Permit for TH4ST MURPHY OIL CORPORATION 30
  30. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 30
    Congo - Azurite Production (gross) 13,000 BOPD FDP Completed Reviewing Performance Issues Evaluating Satellite Discovery Tie-ins MURPHY OIL CORPORATION 31
  31. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 31
    DOWNSTREAM MURPHY OIL CORPORATION 32
  32. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 32
    Refining Divestiture Announced Sale of US Refineries Superior, WI - 214 Million plus Inventory Expected to Close Late 3Q or early 4Q Meraux, LA - 325 Million plus Inventory Expected to Close 4Q UK Assets to be Split; Process…
  33. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 33
    US Retail 1,120 Stations in 23 States Small Kiosk Format (1,003) Located in Wal-Mart Parking Lots MURPHY OIL CORPORATION 34
  34. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 34
    Murphy USA 2010 Market Share 1% - 2% US Market Share 3% 3% - 6% 5% Market Share in our 7% - 14% Footprint TN OK MURPHY OIL CORPORATION 35
  35. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 35
    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 36
  36. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 36
    Financial Performance High Revenue Business - 2010 US Retail EBITDA Billion Million 14 450 408.0 12.1 400 12 10.6 10.7 350 10 9.7 300 255.0 8 250 5.8 200 6 164.0 163.0 156.0 150 130.0 4 100 2 50 0 0 Barnes & Nordstrom…
  37. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 37
    Biofuels - Ethanol Hankinson Renewable Energy 120 MMGY 2010 Net Income 18 Million 2010 Cash Flow 26 Million Hereford Renewable Energy Performance Tested to Nameplate Capacity 105 MMGY WDGS Sold to Nearby Feed Lots High…
  38. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 38
    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…
  39. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 39
    Murphy Premium Business Global Footprint Oil Weighted Upstream Production Growth North American Resource Predictability US Retail Top Quartile Business Low Cost When Price Matters; Room for Growth Financial Strength Strong…
  40. DEUTSCHE BANK 2011 ENERGY CONFERENCE – Murphy Oil Corp – slide 40
    Deutsche Bank 2011 Energy Conference Kevin Fitzgerald Sr. Vice President & Chief Financial Officer September 21, 2011 M U R P H Y O I L C O R P O R AT I O N

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