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UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp

Murphy Oil Corp · May 23, 2012 · 36 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. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 1
    UBS 2012 Global Oil & Gas Conference David Wood President & Chief Executive Officer May 23, 2012 M U R P H Y O I L C O R P O R AT I O N
  2. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 2
    Murphy Global Growth Strategic Repositioning Exit Refining Advantaged US Retail Premium Global E&P Independent Strong Production Growth North American Resource Position Impact Exploration Financial Strength Strong Balance…
  3. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 3
    Financial Strength 2012 Outlook Billion 2012 Outlook 4.0 Liquidity Sources 3.5 3.0 Cash Flow 3.4 Billion 2.5 Revolver 2.0 New 5 year 1.5 Billion Committed 1.5 Facility Maturing June 2016 1.0 0.5 Issued New Long Term Bond 0.0…
  4. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 4
    Resource Base & Reserves YE 2011 Resource Base YE 2011 Proved Reserves 3.4 Billion BOE; 75% Oil 534 Million BOE; 65% Oil 15% Proved 28% 27% 36% Resource Deepwater 14% Plays Contingent Probable Resource 10% Conventional…
  5. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 5
    Production Growth Recalibrate for NA Natural Gas BOEPD Production Mix BOEPD Production by Country 300,000 300,000 250,000 250,000 22% 27% 200,000 28% 200,000 26% 11% 11% 20% 17% 14% 28% 28% 150,000 150,000 12% 15% 69% 34% 16%…
  6. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 6
    New Projects Fuel Growth Production Ramp (mboepd) Key Project Additions 2013 2014 2015 North American Resource Plays: 40 55 65 Eagle Ford Shale, Seal Malaysia SK Oil: 5 30 25 Patricia, Serendah, S. Acis, Permas, Endau…
  7. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 7
    EXPLORATION MURPHY OIL CORPORATION 8
  8. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 8
    2012-13 Exploration Program Iraq 2-4 Wells GOM 2-4 Wells Malaysia 5-7 Wells Cameroon Brunei 1-2 Wells 2-5 Wells Congo 1-3 Wells Indonesia 2 Wells Australia 1-3 Wells Up to 30 Wells Oil / LNG-Scale Gas Focus 5…
  9. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 9
    Exploration Program 2012 2013 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Buluh-1 Block H MALAYSIA Block H/P Block H Bunga Lili-1 Block P BRUNEI CA-1 Julong Jagus East-1 East-1 CA-2 C. Dohuk & Linnava-1 Gali IRAQ Baranan Baranan-1 CAMEROON…
  10. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 10
    Malaysia Block H FLNG 2 Discoveries for 2012 Buluh-1 Bunga Lili-1 Gas Field Block H 4 Discoveries/4 Wells Low Risk Prospects Higher Risk Leads Results Matched BULUH Pre-drill Predictions Hanks ROTAN Multiple Low Risk…
  11. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 11
    Brunei Blocks CA-1 & CA-2 CA-1 Julong East 1 Discovery 2013 Appraisal BLOCK CA-1 (5% W.I.) Jagus East 2012 Exploration Julong East-1 BLOCK K Additional Prospects KIKEH KAKAP - BLOCK CA-2 GUMUSUT (30% W.I.) Saga Jagus…
  12. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 12
    Iraq Kurdistan Region Peshkabir-1 Tawke Ber Bahr Sheik Adi Surrounded by Giant Oil Swara Tika Discoveries in Same Plays Atrush Central Dohuk Shaikan Central Dohuk Block 50% W.I. & Operatorship Linnava-1 Jebel Simrit Oil…
  13. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 13
    Congo MPN & MPS Multiple Play Types Tertiary Clastics Post-Salt Carbonates Yombo Loango Pre-Salt 110 305 Zatchi 226 MPN W. South New 3D Defines Multiple Prospects Prospect Murphy - 85% Yanga 164 100-350 MMBO Each Sendji 263…
  14. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 14
    Cameroon Aseng Complex 143 MMBO Ntem New Country Entry Cameroon 50% W.I. & Operatorship Gas Condensate 3D Seismic Oil Prospects/Leads Multiple 100+ MMBO Prospects First Wells 2012 / 13 Room to Grow in Play Ntem Proven…
  15. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 15
    Gulf of Mexico Back to Work LEGEND Focus on Proven Plays Murphy HBP Miocene Amplitudes Norphlet Murphy Leases Sub-Salt Structures Murphy Facilities Securing Long Term Rig Contract Oil Prospect Multiple Prospects 2 - 4 Wells in…
  16. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 16
    Australia Testing the Largest Undrilled Structures Bonaparte Basin 0 50 km NTP/80 NTP/80 Fulmar Fulmar Prospect Permian Reservoirs Petrel Frigate Anticlinal Trap 1.5 to 4 TCF Bonaparte FLNG 1.5 TCF Drill 2013 Tern…
  17. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 17
    Impactful Global Exploration Global Exploration Footprint Oil Weighted; Testing 5.0 Billion BOE Gross 2012-13 Program: Up to 30 Gross Wells; 8 Countries Kurdistan, Congo, Australia, Brunei Capital Emphasis 2012 380 Million…
  18. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 18
    North American Resource Portfolio MURPHY OIL CORPORATION 19
  19. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 19
    North American Resource Exposure 2012 Outlook Eagle Ford Shale 10 Rigs 164 Wells Drilled Muskwa 133 Wells Completed Montney Seal Montney Southern Alberta 1 Rig 14 Wells Eagle Ford Shale Seal Lake 3 Rigs Post Break-up…
  20. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 20
    Eagle Ford Premier Resource KARNES N TILDEN 97 Wells Drilled 64 Producing Wells 10 Rigs 13 Facilities 2 Dedicated Frac Crews 216,000 Net Acres TILDEN 60 % Oil NUECES CATARINA Murphy Acreage Murphy Gas Well Oil…
  21. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 21
    Eagle Ford Shale Net Production (boepd) Low Cost Entry with Attractive 14,000 Returns 12,000 Improving Operational 10,000 Performance 8,000 EURs Increasing D&C Costs Improving 6,000 4,000 Downspacing Opportunities 2,000 10…
  22. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 22
    Montney Natural Gas Curtailing Production & Spend Low Prices R21 R20 R19 R18 R17 R16 R15 R14 R13 2012 Reduced Capex T79 British Columbia by 154 MM Alberta Cut Production 30 T78 Groundbirch Tupper West MMCFD Rest…
  23. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 23
    Seal Lake 5 Billion BOE In Place Current Net Production 8,000 BOPD 70 HZ Wells in 2012 Successful 16 Well Strat Program EOR Development Successful Polymer Pilot Commercial Polymer 2012 Cyclic Steam Pilot Q4 2012 Vertical…
  24. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 24
    Southern Alberta - New Play 150,000 Acres Low Entry Costs Testing Current Focus Kanai - 3 Forks 350 BOPD IP Cum Prod: 2012 Plan 24,000 BBLs Lower Costs Enhanced Fracs Longer Laterals MURPHY OIL CORPORATION 25
  25. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 25
    Muskwa - New Area Murphy Lands Murphy Well Targeting the Muskwa Competitor Well Shale Equivalent to Duvernay Fm 168,000 Net Acres Low Entry Cost Murphy 4-1-109 Well IP = 150 BOPD Put Well on Pump Evaluation 4 - 1 109…
  26. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 26
    North American Resource Plays Five Play Exposure Four For Oil Predictable Growth Attractive Entry Costs Lease; Drill and Produce all the Time Drives Performance Complements Global Exploration MURPHY OIL CORPORATION 27
  27. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 27
    DOWNSTREAM MURPHY OIL CORPORATION 28
  28. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 28
    Repositioning Completed Sale of US Refineries 2H 2011 UK Downstream Assets Sale Process Ongoing Evaluating US Retail Spin MURPHY OIL CORPORATION 29
  29. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 29
    US Retail 1,138 Stations in 23 States 1,007 Located on Walmart Parking Lots 131 Stand Alone Sites MURPHY OIL CORPORATION 30
  30. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 30
    2011 Gasoline Market Share 0% - 2% US Market Share 3% 3% - 6% (5% Mkt Area) 7% - 14% TN OK Source: EIA, Internal Calculations MURPHY OIL CORPORATION 31
  31. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 31
    Murphy USA Low Price, High Volume Fuel Seller Low Cost Fuel Supplier Low Cost Operator Low Price Niche Merchandising Relationship with 1 Retailer Walmart Attractive Business MURPHY OIL CORPORATION 32
  32. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 32
    Financial Performance High Revenue Business - 2011 US Retail EBITDA Billion Million 18 450 408 15.7 16 400 363 14 13.2 350 11.7 12 10.9 300 255 10 250 8 7.0 200 163 156 164 6 150 130 4 100 2 50 0 0 Barnes &…
  33. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 33
    Ethanol Plants Hankinson, ND Running at 120+ mmgpy Rates Best-in-Class Production Increasing to 135+ mmgpy Co-product Development Advantaged by Corn Supply Hereford, TX Running at 104+ mmgpy Rates 115+ mmgpy Target in 2013…
  34. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 34
    US Retail Strengths Low Cost Model From the Refinery Gate Direct to the Customer Exceptionally Efficient Operation High Volume Business Strong Relationship with Walmart Established Fuel Discount Program Strong Cross-promotional…
  35. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 35
    Murphy Premium Business Global Upstream Footprint Oil Weighted with New Growth Opportunities North American Resource Predictability Global Exploration Program: 12 - 15 Wells per Year US Retail Premium Business Critical Mass…
  36. UBS 2012 GLOBAL OIL AND GAS CONFERENCE – Murphy Oil Corp – slide 36
    UBS 2012 Global Oil & Gas Conference David Wood President & Chief Executive Officer May 23, 2012 M U R P H Y O I L C O R P O R AT I O N

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