THE 1ST ANNUAL DAHLMAN ROSE AND COMPANY ULTIMATE OIL SERVICES AND DRILLING CONFERENCE – Noble Corporation plc

Noble Corporation plc · Nov 29, 2011 · 24 slides

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Noble Corporation David W. Williams Chairman, President & Chief Executive Officer The 1st Annual Dahlman Rose & Co. Ultimate Oil Services & Drilling Conference New York, NY November 29-30, 2011
Todays Agenda Noble Today Fleet Transformation Strategy Value Impact from Strategy Regional Update Safety First 3
Noble Corp Highlights Among the worlds largest offshore drilling contractors Globally diverse operations Significant fleet transformation underway Focus on technologically advanced drilling solutions Large contract backlog…
Nobles Global Footprint 14 Semisubmersibles 14 Drillships 49 Jackups 2 Submersibles 79 Total Rigs + FPSO + Platform Operation Source: Noble 5
Worlds Second Largest MODU Fleet Floating Rig Count 150 141 Jackups Floaters Other 63 100 79 77 60 50 50 49 49 19 13 77 34 32 22 10 16 37 31 28 27 14 19 6 3 8 8 0 (1) Includes four floaters and three jackups…
Industrys Largest Floating Fleets Noble Systematically Growing its DP Units Floating Rig Count 80 77 Moored DP 60 39 40 37 28 27 28 12 8 19 20 38 9 8 8 8 8 16 19 18 6 4 2 3 9 5 7 8 2 5 3 6 6 3 2 0 (1) Includes…
Geographically Diversified Revenue Base As of September 30, 2011 North Sea Middle East / India 20% 19% 22% 20% Brazil Gulf Coast 2% 3% 15% Canada West Africa Mexico Source: Noble 8
Second Largest Industry Backlog As of September 2011 ( Billions) 30 25 23.5 20 15 12.8 12.2 10 9.0 8.1 5 2.4 1.0 0 Transocean Noble Seadrill* Diamond ENSCO Rowan Atwood * Seadrill backlog includes 75% of the…
Total Backlog As of September 30, 2011 ( Millions) 2.6 2.1 2.0 12.8 billion total 1.3 0.9 0.8 0.6 0.6 0.6 0.5 0.5 0.2 0.1 * Remaining three months Source: Noble backlog includes 75% performance bonus…
Recent Fleet Developments Evidence of Improving Market North Sea Noble Ronald Hoope jackup received a one-year commitment through December 2012 Dayrate 113,000 Noble Piet Van Ede jackup received a 10-month commitment through…
Fleet Strategy Add rigs with the latest technology, equipment, and capabilities Maintain core Modify core rigs rigs as long as to their technical competitive Core Fleet limit Continually evaluate potentially non-core,…
Building a Noble Future Deliveries of Noble three Globetrotter II drillships: Two HHI ultra- Noble Bully I deepwater & II, Noble drillships Globetrotter I delivered Two JU3000N jackups delivered 2011 2012 2013 2014 First…
Nobles Floating Fleet Noble Systematically Growing its DP Units Floating Rig Count HHI I HHI II HHI III 30 DP Noble Bully I Noble Globetrotter II HHI IV 28 Moored Noble Bully II 26 Noble Globetrotter I 25 23 23 Frontier…
Unique Equipment Configuration and Drilling Center of Multi-Purpose Tower Noble Bully I Noble Globetrotter I Benefits: Compact design vs. conventional derrick Allows for smaller hull size vs. other drillships of similar capacity…
Constructing Stands of Drill Pipe 16
Deployment of BOP 17
Value Impact of Fleet Transformation Estimated Revenue Distribution by Asset Type 2011 2015 Projection Projection 23% 24% 32% 10% 40% 4% 6% 33% 5% 22% Ultra-deepwater Other Floater Standard Jackup Deepwater High…
Regional Updates Alaska Shell has filed for 2012 drilling permits, progress continues to be made Noble has opened an Anchorage office to support drillship Noble Discoverer and Shell-owned/Noble- operated Kulluk New two-year…
Regional Updates Mexico Pemex continuing to increase rig requirements Multiple tenders expected in near- term Brazil 11 of 12 Noble jackups on contract and working, strong opportunities Better than expected geology for…
Regional Updates Africa North Sea Deepwater rig demand expected to increase Jackup market remains tight, considerably beginning in dayrates increasing the intermediate-term Operators optimistic on long-term Demand driven by…
Regional Updates Asia / Pacific Middle East Expansive area with new offshore acreage awarded in Australia, Indonesia, Philippines and Increasing floating rig needs for Vietnam Eastern Mediterranean Jackups and floater…
Nobles Industry Leading Safety Efforts More than just industry leading safety statistics The only drilling contractor to: Win the ExxonMobil sponsored Robert W. Campbell Award for HSE excellence Win the U.S. Minerals Management…
Near-Term Performance Drivers Three drillship deliveries Progress on potential divestiture of non-core assets Improving dayrates for ultra-deepwater rigs Increasing strength in jackup business Additional long-term contracts…
Noble Corporation Dorfstrasse 19a 6340 Baar Switzerland www.noblecorp.com Investor contact: Jeffrey L. Chastain Vice President Investor Relations 281-276-6383

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