Goldman Sachs Global Energy Conference 2013 Roger Jenkins Executive Vice President & COO January 8, 2013 M U R P H Y O I L C O R P O R AT I O N
Two Distinct Companies Global E&P Company US Retail Network 500+ MMBOE Reserves Leading Fuel Provider Continued Production Niche Merchandising Growth 1,165 Outlets High Impact Exploration Portfolio: 800+ MMBOE Midstream…
Downstream Status Spin of US Downstream Expect to Complete in 2013 Includes US Retail; 7 Product Terminals; 2 Ethanol Plants UK Downstream Assets Remain with Murphy Oil Corp Sale Process Ongoing MURPHY OIL CORPORATION…
Murphy USA US Retail 1,165 Stations in 23 States 1,015 Located on Walmart Parking Lots 150 Stand Alone Sites Retail Model Low Price, High Volume Fuel Seller Low Cost Fuel Supplier Low Cost Operator Low Price Niche…
Returns Driven Growth Business 300 Production, mboepd 250 Industry Leading Production 200 150 Growth 100 50 70+% Oil / Oil-Indexed 0 2007 2008 2009 2010 2011 2012E 2013E 2014E 2015E 600 Reserves, mmboe Continued Reserves…
Our Strategy Develop Differentiated Perspectives In Underexplored Basins and Plays The Key to Our Success Continue to be a Preferred Partner to NOCs and Regional Independents Complement our Offshore Business by Developing…
Murphys Execution Model Find Oil and Gas in Be a Preferred Underexplored Offshore Partner Global Basins Offshore Demonstrate Superior Project Execution and Field Operation Ability North America Onshore Accelerate Path…
Two Distinct Businesses Execute Global Exploration Program Appraise and develop offshore discoveries Provides Exposure quickly and cost effectively To Significant Global Offshore Build and exploit regionally advantaged positions by…
Investing in Oil Weighted Resources YE 2011 Resource Base Investment 2013 Budget 3.5 Billion BOE; 76% Oil & Assoc./Index Gas 3.5 Billion * North Msia America Contingent Gas Dry Gas Resource EFS 3% Other 1% North 14% 10% America…
Global Offshore 180,000 Malaysia - Shallow Water First Oil 160,000 Patricia (85% W.I.) Q4 - 2013 140,000 Serendah (85% W.I.) Q2 - 2013 120,000 Kikeh South Acis (85% W.I.) Q3 - 2013 BOEPD 100,000 Kakap 80,000 Siakap North…
Montney Syncrude North America Onshore Seal S. Alberta Eagle Ford Shale Build on 60+ Year Presence in Canada 120,000 Early Entry in Montney and EFS- 100,000 Higher Returns 1,000,000+ Net Acres N A 80,000 Onshore BOEPD…
Exploration Exploration Focus Regions Geographic Focus Four Regions Play Type Focus Large Structures in New Areas or Plays 1 Oil-Prone Deepwater Stratigraphic Plays 2 3 Multiple Structures - Cluster Development 4 Program…
Exploration Value Creation Proven Track Record Last 3 Years: 9 Discoveries (43% Success) 2012: 6 Discoveries So Far Exploration Efficiency - Value Creation per Dollar Invested 10 2001 - 2010 9 8 7 6 5 4 MURPHY 3 2 1…
Exploration Play Type Focus 51% Congo Large Structures in Australia Browse & New Areas or Plays Bonaparte GoM Norphlet & Sub-Salt East Indonesia Brunei Iraq 37% P50 Net 12% Oil-Prone Deepwater Risked Multiple Structures…
Exploration Prospect Portfolio 900 Gross P50 Resource By Region: 800 Gross P50 Resources (mmboe) 700 Gulf of Mexico Australia 20% 20% 600 500 SE Asia Atlantic 24% Margins 400 36% 300 7,600 MMBOE Total P50 Gross…
Gulf of Mexico Play Types Miocene Subsalt Structures Upper Miocene Amplitude Strat Traps Jurassic Norphlet Structures 1,470 MMBOE Total Dalmatian Gross P50 Resource Thunder Hawk Medusa 180 MMBOE Total Net P50 Risked…
Atlantic Margin Play Types SURINAME CAMEROON CONGO Cretaceous Fans Sendji Carbonate Tertiary Structures and Strat Traps 2,960 MMBOE Total Gross P50 Resource 360 MMBOE Total Net P50 Risked Resource Block 48 15…
Southeast Asia Play Types Stratigraphic Traps Large Structures Cluster Developments CAMBODIA 1,740 MMBOE Total 144 / 145 Gross P50 Resource Blk. H Blk. P PM311 CA-1 CA-2 Blk. K BRUNEI SABAH 200 MMBOE Total Net SK Area…
Australia Play Types Large Gas Structures Stratigraphic Traps Oil &Gas NT/P - 80 Cluster Developments AC/P36 WA-408-P WA-423-P 1,430 MMBOE Total Gross P50 Resource WA-476-P 150 MMBOE Total Net P50 AUSTRALIA Risked Resource…
GLOBAL OFFSHORE MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 22
Malaysia: Two Key Areas 70,000 60,000 Block K 50,000 Consistent Long Term Profile BOEPD 40,000 30,000 Two New Projects in 2014 20,000 10,000 - 2012 2013 2014 2015 Kikeh Kakap Siakap N 60,000 SK Oil & Gas 50,000 Long…
Malaysia: 2 Key Assets 140,000 New Completions 120,000 Oil Gas 100,000 KIKEH Gross BOEPD 80,000 New Completion 60,000 40,000 Designs Working 20,000 High Oil Price - 0 Brent Premium Mar-11 Mar-12 Jan-11…
Gas Field Prospects Block H Future Growth: P Malaysia - Block H 2012 Discovery P BULUH Pandan ROTAN Floating LNG (3rd Party) P Rotan W Tembusu N & S FEED Underway BEMBAN Sanction 2013 Bunga Lili North First Production…
Gulf of Mexico Strong Net Income & Cash Flow Provider Back in Growth Mode 40,000 35,000 Long History of Ability 30,000 25,000 Favorable Terms & BOEPD 20,000 Front Runner Regulator 15,000 Medusa Thunder Hawk 10,000…
NORTH AMERICA ONSHORE MURPHY OIL CORPORATION www.murphyoilcorp.com NYSE: MUR 27
Eagle Ford Shale - Growth Engine 27,000 Net Rate, BOEPD 24,000 21,000 211 Wells Drilling 150 Producing Wells 18,000 16 Facilities Pipeline projects in place 15,000 12,000 9,000 201,800 Net Acres 6,000 70% Oil 10 Rigs 3,000 3…
Eagle Ford Shale Net boepd 60,000 50,000 Steady Production 40,000 30,000 Growth to 50,000+ 20,000 BOEPD 10,000 - 2012 2013 2014 2015 400 Project Free Cash Flow, MM 200 Cash Flow Positive by - 2014-15 (200) Free Cash Flow…
Seal - Long Term Oil Production Cyclic Steam Pilot 1 Well Pilot Govt. Approval Recent Land, Facility, Vertical Steam Commercial Pilot Seal North Polymer Project Phase 1 Production Bolt-On Govt. Approval Harmon 5,850…
Seals Future - EOR 700 Start of Polymer Polymer Project 600 Injection Injection Started Oct 2010 500 Response July 2011 400 300 Phase 1 Kickoff EURs Increased by 100,000 BBLS 200 Start of Area 1 Phase 2: Q4 2012 100 injection 0…
Murphy - A New Future Murphy Oil Corporation Long Term Oil Weighted Production & Reserves Growth Focused High Impact Offshore Exploration Program Deep Inventory Low Risk Complementary North America Onshore Business Pure Play E&P…
Goldman Sachs Global Energy Conference 2013 Roger Jenkins Executive Vice President & COO January 8, 2013 M U R P H Y O I L C O R P O R AT I O N