Noble Corporation Jeffrey L. Chastain Vice President Investor Relations RBC Capital Markets Global Energy and Power Conference New York City June 5, 2012
Todays Agenda Company Overview Strategic Discussion Transforming the Fleet Sector Updates 3
Company Highlights 14 Semisubmersibles 14 Drillships 49 Jackups 2 Submersibles 79 Total Rigs(1) + FPSO + Platform Operation Among the worlds largest offshore Focus on technologically advanced drilling contractors drilling…
Total Backlog As of March 31, 2012 ( Billions) Estimated Annual Contribution Noble Substantial Contract Backlog 20 As of March 31, 2012 4 14.5 15 13.7 3.1 3 2.8 10 2.6 5 2 1.7 0 3/31/2012 12/31/2011 1.0 1 0.7 0.7…
Fleet Strategy ADD: Technologically 8 Newbuilds Advanced Units 6 Newbuilds 2 Acquired 3 In Service Since 2007 CORE FLEET Premium, MAINTAIN Modern & ENHANCE Versatile Rigs (Floaters & Jackups) SUBTRACT: Non-core assets…
Newbuild Timeline 7
Hyundai Drillships Advantages over competing models: Retractable thrusters Derrick setback 3500 kips (versus 2400 kips) Better station keeping ability More usable open deck space 70,000 mt VDL (versus 102,000 mt or 96,000…
F&G JU3000N Jackup Friede & Goldman JU3000N: 2.5MM lb. SHL derrick 7,500 bbl. mud system 150 man quarters 6 identical Noble units with deliveries beginning in Q1 2013 Only 5 others being built with same specs 9
Deepwater Sector Highlights Customer demand building across most regions US GOM, Brazil, Africa, Far East Capacity largely committed in 2012 Leading to improving opportunities for moored deepwater units Drilling success remains…
Announced Deepwater Discoveries 2009-2011, Water Depth 4,500 Ft. and Greater Countries with Discoveries 12 5 77% 54% Golden Golden Triangle Triangle 2008 2011 2 1 1 3 20 1 2 4 1 3 1 2 4 1 7 5 1 9 27…
Geologic Potential Remains Strong Is There Another Pre-Salt Hydrocarbon Structure Petrobras Ultra-Deepwater Map of Africa Rig Commitments Highlighting the for Deployment in Pre-Salt Brazil Pre-Salt Countries 100 80 75 Number of…
Leading Indicators Offshore Licensing 2012 Planned, Open and Recently Closed Activity Iceland 43,000 sq. km. Newfoundland UK 27th Norway 22nd Round, Greenland Round Arctic Region 20,000 sq. km. Nova Scotia China 20,000…
Leading Indicators Offshore Seismic Demand Norway Black Sea Arctic Arctic E. Med US GOM Asia Pac W. Africa East & South S. America Africa Source: PFC Energy India 14
Leading Indicators Deepwater Open Demand Open Demand by Client Type of Well 100% Majors 89% 19% 75% 50% 54% Independents 27% 25% NOCs 11% 0% Exploration Development 1 3 4 3 4 2 7 1 1 1 5 1 2 3 1 1 1 2 33 1 1 1…
Value Impact of Fleet Transformation Estimated Revenue Distribution 2011 Actuals 2015 Projection 23% 24% 33% 11% 40% 4% 31% 6% 6% 22% Ultradeepwater Other Floater Standard Jackup Deepwater High Spec Jackup Source:…
Attractive Leverage to Rising Dayrates ( Millions) Annual Estimated Revenue Contribution From 2,000 Uncontracted New Deepwater and Jackup Capacity 1,894 Contracted Drillships and Jackup 1,756 3 HHI Drillships 1,669 5 JU3000N…
Jackup Sector Highlights Improving utilization as demand builds in numerous regions Surplus jackups in decline Dayrates for standard jackups continue to experience improvement North Sea contract commitments are addressing 2013…
Western Hemisphere Review U.S. Gulf of Mexico World-class hydrocarbon play Alaska / Arctic Expected to surpass pre-Macondo rig count levels in near term Will execute a 2-rig campaign in 2012 Customer focus on high grading fleet…
Eastern Hemisphere Review North Sea Noble very well positioned Largest jackup player and price leader in standard segment Norway market (and even UK) buoyant JU3000N well placed against very high specification opportunities…
Transforming Noble Noble Is Differentiating Itself In This Robust Business Environment: Premium Assets Unique Technology Geographic Expansion Improved Operations, Processes, And Systems Contract Details And Execution Industry…
Value Impact of Fleet Transformation Total Revenues ( Billions) 10 8 7.4 6 4 3.6 2 0 2009 Actual Peak Dayrate Case Cycle Peak Projection Source: Noble Internal Estimates 23
Noble Corporation Dorfstrasse 19a 6340 Baar Switzerland www.noblecorp.com Investor contact: Jeffrey L. Chastain Vice President Investor Relations 281-276-6383 Enterprise Value (as of 5/30/2012) 13.2 billion Primary Exchange NYSE: NE…
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