Energizing the World, Bettering Peoples Lives UBS Global Oil and Gas Conference May 2015
Global Portfolio Diversified portfolio of premier assets Focused on Material Core Areas With Running Room Onshore U.S. - DJ Basin and Marcellus Shale Deepwater - GOM, Eastern Mediterranean and West Africa Best-in-class Project…
Financial Position Focused on maintaining strength through the cycle Proactive Financial Management Favorable Leverage 5.7 B in total liquidity* at end of 1Q 15 37% 34% 33% 35% 29% Current Net Debt-to-Capital: 28% 28% No near-term…
Strong Performance Metrics Demonstrated track record of success Proved Reserves (MMBoe) Production (MBoe/d) 1,600 350 1,400 300 1,200 250 1,000 200 800 150 600 400 100 200 50 0 0 Funds From Operations (MM) Market Cap…
ROSE Acquisition Compelling entry into two premier U.S. Onshore plays Enhances NBLs Leading Onshore Unconventional Business Impactful positions in Eagle Ford Shale and Permian 1,800 gross horizontal locations providing 1 BBoe net…
New Positions in U.S. Unconventional Plays Adds diversity and optionality to onshore portfolio Permian 46,000 net acres Delaware Basin Extensive Technical Review 10,000 net acres Midland Basin and Knowledge of Basins Average WI…
Value Enhancing Opportunities Leverage learnings from the DJ Basin and Marcellus Improve Operational and Capital Efficiencies Focus on core acreage position Extend lateral lengths Optimize well spacing Refine completion designs and…
Material Volume Growth to NBL Accelerating production to 100 MBoe/d by 2018 Substantial Long-Term Growth Eagle Ford & Permian MBoe/d Production Outlook Over 15% production CAGR through 2018 100 Near-term growth driven by Eagle…
DJ Basin 2015 Operations Focus on enhancing core positions 1.1B Capital Program Delivers Over 5% Volume Growth WY NE 1Q15 total production of 116 MBoe/d CO CO Current horizontal volume up 250% versus 2012 avg. N Colorado…
Continued Drilling Efficiencies DJ Basin Delivering lower well costs and more completions Drilling 70% of 2014 Total Footage* Accelerated Drilling Performance With 40% of Rigs Footage Retained most efficient rigs of Days 1,750 1Q15…
Marcellus 2015 Operations JV focused on optimal capital allocation 700MM Capital Program Delivers Over 40% Volume Growth OH PA 1Q15 total production of 393 MMcfe/d Current horizontal volume up 330% versus 2012 avg. Operated…
Gulf of Mexico Sustained value creation with visibility for significant growth Proven Track Record of Success Leading-edge technology with disciplined processes Louisiana NBL Interests Swordfish Exploration Successes Drive…
Substantial GOM Growth Delivering strong oil production exiting 2015 2016 Average Production Estimated to MBoe/d GOM Production Double 2015 Volume 30 Three Major Projects Online By Mid-2016 Big Bend commence production in 4Q15,…
West Africa Substantial cash-flow with material upside Innovative Approach to Value Creation Liquids and gas monetization with LPG, LNG and Methanol Maximizing and Sustaining Current Production Alba Field 34% WI Relatively…
Cameroon Cheetah Prospect NBL Interests Producing Discovery First Cretaceous oil prospect in Douala Basin Alba Exploration Equatorial Alen Guinea Cheetah Gross Mean Unrisked Resources in Aseng Prospect Excess of 100 MMBoe WI…
Eastern Mediterranean World-class discoveries with world-class opportunities Over 40 Tcf Gross Resources Discovered Cyprus Cyprus 70% WI 70% WI Outstanding Operational Performance from Tamar Tamar 36% WI Averaging 750 MMcf/d…
10 Tcf Tamar Field Supplying growing domestic and regional demand Outstanding Operational Performance Near 100% facility uptime Current deliverability capacity of over 1.1 Bcf/d Averaged 750 MMcf/d since startup Onshore AOT…
Falkland Islands New frontier with significant prospectivity Over 10 MM Gross Acres North Basin - operated with 75% WI South Basin - operated with 35% WI Sea Lion Discovery Multi-billion barrel gross unrisked Rhea resource…
Noble Energy Designed to succeed in any environment Well-Balanced, Diversified Portfolio Provides Exceptional Optionality Substantial proved reserves and unbooked resources Crude oil and natural gas exposure U.S. unconventional,…