Barclays Capital 2012 CEO Energy-Power Conference Steve Coss President & Chief Executive Officer September 5, 2012 M U R P H Y O I L C O R P O R AT I O N
Murphy Overview Exploration & Production Oil Weighted, Diverse Resource Base Strong Production Growth Global Offshore Projects North America Onshore Global Exploration Consistent Program Downstream Refining Sale Process -…
Resource Base & Reserves YE 2011 Resource Base YE 2011 Proved Reserves 3.5 Billion BOE; 75% Oil & Oil Indexed Gas 534 Million BOE; 65% Oil EFS Oil & Assoc Gas Seal 13% 9% 28% 27% Proved 15% Msia Oil Resource Deepwater…
Production Growth BOEPD Production Mix 300,000 Clear Path to 250,000 Production Growth 200,000 Oil Weighted 150,000 Exploration Success - 100,000 Not Included 50,000 Maintain Flexibility on North America Dry 0 Gas 2007…
Current Development Projects Provide Growth Sanctioned, Government Approved & In Development Malaysia - Shallow Water First Oil Patricia (85% W.I.) Q2 - 2013 Serendah (85% W.I.) Q2 - 2013 South Acis (85% W.I.) Q3 - 2013 Permas…
North America Onshore MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 7
North America Onshore 2012 Plan Eagle Ford Shale 10 Rigs & 2 Frac Crews 150 Wells Drill Muskwa 123 Wells Complete Montney Seal Seal Lake - Heavy Oil Southern Alberta 3 Rigs Post Break-up 71 HZ Wells 2012 Eagle Ford Shale…
Eagle Ford Premier Resource KARNES N TILDEN PEARSALL FOCUS AREA 86 Producing Wells 13 Facilities Pipeline Projects in Place 201,800 Net Acres TILDEN 70% Oil NUECES CATARINA Murphy Acreage Murphy Gas Well Oil…
Eagle Ford Shale 17,000 16,000 15,000 Low Cost Early Entry with 14,000 Attractive Returns 13,000 12,000 Net Rate, BOEPD 11,000 10,000 Improving Operational 9,000 Performance 8,000 7,000 EURs Increasing 6,000 D&C Costs…
Seal Lake Large Resource Cyclic Steam Pilot Project Current Net Production 1Well Pilot Govt. Approved 6,700 BOPD Vertical 71 HZ Wells Planned in 2012 Steam Pilot Commercial Polymer Project Phase 1 EOR Development Govt.…
Montney Natural Gas R16 R14 Quality Resource R21 R20 R19 R18 R17 R15 R13 3.0 TCF British Columbia Alberta T79 EUR: 4.0 BCF/Well 1st Quartile Well Costs T78 Groundbirch Tupper West Low Prices T77 Reduced…
Southern Alberta 150,000 Acres Low Entry Costs Current Focus: Kainai - 3 Forks 100+ BOPD IP 350 BOPD IP 2012 Plan Enhanced Fracs Longer Laterals Spud Q4 MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 13
North America Onshore Five Play - Oil Focused Predictable Growth - Consistent Production - More Wells Attractive Entry Costs Visible Learning Curves MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 14
Exploration Program Q1 Q2 Q3 Q4 Block H Buluh-1 MALAYSIA Block H/P Bunga Lili-1 Block P Julong Jagus Gerronggong - 3 BRUNEI CA-1 East-1 East-1 CA-2 Kelidang NE-1 IRAQ C. Dohuk Linnava-1 (Testing) CONGO MPN Opale Marine…
Iraq Kurdistan Region Peshkabir-1 Tawke Ber Bahr Sheik Adi Linnava - 1 Well Swara Tika Drilled to TD 3,450m Testing Program Ongoing Atrush Central Shaikan Dohuk 50% W.I. Linnava-1 Jebel Simrit Oil Discovery 0…
Congo Multiple Play Types Yombo Loango 110 305 Zatchi 226 Current Focus: MPN Murphy - 85% Prospect U Carbonates (Sendji) Yanga 164 100-350 MMBO / Prospects Sendji 263 Kitina 91 Tchendo 62 Moho Prospect U - Opale Marine…
LEGEND Murphy HBP Gulf of Mexico Murphy Leases High Bid Blocks June 2012 Lease Sale Focus on Proven Plays Dalmatian Medusa Long Term Rig Contract 14 Blocks in June 2012 Thunder Hawk Front Runner Lease Sale Dalmatian…
Australia Gas Prospective Browse Basin Bonaparte Basin WA-423-P ACP/36 Browse Basin Bonaparte Basin NT/P80 Carnarvon Basin Oil Prospective (New Entry) Carnarvon Basin Perth Basin WA-476-P Perth Basin WA-481-P MURPHY OIL…
Malaysia - Block H Floating LNG (3rd Party) FEED Underway Sanction 2013 First Production 2016-17 Gas Field Block H Prospects 4 Discoveries/4 Wells P 2012 Discovery Results Matched Pre-Drill Expectations P BULUH Pandan…
Focused Global Exploration Global Oil Weighted, Exploration Program 10 - 12 Countries Goal: Net Risked Resources 2X Proved Volumes 10 Wells per Year Growing Exploration Acreage Positions Globally Vietnam Equatorial Guinea…
Downstream Status Completed Sale of US Refineries 2H 2011 UK Downstream Assets Sale Process Ongoing US Retail Reviewing Performance Evaluating Direction MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 24
US Retail 1,145 Stations in 23 States 1,009 Located on Walmart Parking Lots 136 Stand Alone Sites MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 25
Murphy USA Model Low Price, High Volume Fuel Seller Low Cost Fuel Supplier Low Cost Operator Low Price Niche Merchandising Relationship with 1 Retailer Walmart MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 26
Financial Strength 2012 Outlook Billion 2012 Outlook 4.5 Cash Flow 3.3 Billion 4.0 Capex 4.1 Billion 3.5 3.0 2.5 Liquidity Sources 2.0 Cash Flow 1.5 Revolver 1.0 0.5 New 5 year 1.5 Billion Committed 0.0 Facility Maturing…
Summary Global Upstream Footprint Oil Weighted Growth North America Onshore Predictability Consistent Exploration Program Downstream Business US Retail Strength Refining & UK Downstream Sales Progressing Financial…
Barclays Capital 2012 CEO Energy-Power Conference Steve Coss President & Chief Executive Officer September 5, 2012 M U R P H Y O I L C O R P O R AT I O N
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