Oil Production Spare Capacity OPEC spare capacity has not increased meaningfully over the last 20 years in spite of increased spending 50 45 40 Millions of barrels per day 35 30 25 20 15 1970 1972…
Weatherford 2011 Weatherford. All rights reserved.
Vital Statistics ( in millions) Financial Revenue 12,374 EBITDA 2,427 Operating Income 1,297 Income from Continuing Operations 534 Capital Expenditures 1,500 Operational Product Offering Comprehensive Number of…
Growth Company: Over a Decade of Continued Growth 2011E 12.8B* Artificial Lift & Production Optimization Well Construction Drilling Tools 2005 Completion Re-Entry & Fishing 4.3B Stimulation & Chemicals Pipeline & Specialty…
Product and Service Portfolio: Breadth & Depth 2011 Weatherford. All rights reserved. 7
Infrastructure: Reach International North America 500 Service Locations Service Locations 410 49 Manufacturing Facilities Manufacturing Facilities 49 Employees 29% Latin America Service Locations 111 ABERDEEN MOSCOW CALGARY…
International Infrastructure: A Typical Base 2011 Weatherford. All rights reserved. 9
Where Do We Belong Exploration & Production Upstream Offshore and Four Multinational Rigs and Rig OCTG Subsea Integrated NAM OEM Support Companies Reservoirs 2011 Weatherford. All rights reserved. 10
What Moves Us Specifically Geographic Saturation Focus on Production Unconventionals 2011 Weatherford. All rights reserved.
Geographic Saturation Natural level = 5% - 7% North America 5.8B* International 3.6% E&P 6.6B* Expenditure** 1.7% E&P Expenditure** *Revenue Nine months ended September 30, 2011 annualized **Barclays Capital, Global E&P…
The Core of Our Production Business 2011 Weatherford. All rights reserved. 13
Our Worldwide Production Platform ExxonMobil Chesapeake Anadarko 350,000 Wells on BP Weatherford system Devon EnCana Leading ConocoPhillips Chevron NOCs Shell Williams EOG Southwestern Occidental Top 75% US Liquid El…
Growth Focus Secular Aging of exploited reservoirs (deeper/hotter/less productive, heavier, greater maintenance, technology and service demands) Shale Heavy Oil Product Line and Infrastructure Industry leading provider of lift…
Unconventional Resources Vary Significantly in Character Heavy Oil: Reservoirs with < 22 API, 100 centipoise oil Tight Gas Reservoirs: Low porosity and low permeability Composed of Heavy, Extra Heavy and Bitumen classifications…
The Increasing Role of Unconventional Oil & Gas World estimated World estimated recoverable oil reserves recoverable gas reserves Shale Tight Gas 24% Extra Heavy 10% Oil Shale Gas 26% Conventional 25% Conventional 50% 31%…
Application to Unconventionals HEL Rotary Steerable System Spectral Azimuthal GR LWD Surface Gas Chromatography Core Analysis at Well Site Memory Cross Dipole Sonic & Micro-imaging Open Hole Zonal isolation Smart…
Future Value Creation Long Technology & Product and Service Line Portfolio Discipline Core Value Next three years Top line growth Maximize margins Utilization of capital 2011 Weatherford. All rights reserved. 19
Multi-Year Financial Objectives Growth Targets 20% per annum similar to past five years Recent Peak: NAM = 29.8% Margin Expansion International = 25.2% (EBIT) Recent Trough: NAM = negative International = 5% Working…
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning, among other things, Weatherfords prospects for its operations which are subject to certain risks,…
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