Noble Corporation Dynamically Positioned for Success Lee M. Ahlstrom Vice President Investor Relations & Planning Wells Fargo Securities 9th Annual Pipeline, MLP and E&P, Services & Utility Symposium December 7-8, 2010 New York,…
Who is Noble Aligning Rigs Around Customers and Geology 43 Jackups 14 Semisubmersibles 10 Drillships 2 Submersibles 1 FPSO 69 Total Rigs + FPSO 3
Second Largest Backlog in Industry As of September 30, 2010 Millions Estimated by ODS and includes estimates of backlog by ODS where dayrates have not been made public. Transocean Noble* Seadrill Diamond Pride ENSCO Rowan…
Undercapitalized vs. Backlog Backlog per Share as a Multiple of Share Price Multiples Noble* Pride Transocean Diamond Atwood ENSCO Seadrill Rowan * Noble backlog is actual as of September 30, 2010. See notes on following slide…
Market Outlook to 2020 Oil prices in a 75 - 85 per barrel band, at least near term. Weakened dollar could potentially drive higher Continue to expect rig demand recovery over next several years with progressive growth to the end…
Mexico: Beginning to Sort Itself Out With no action, Pemex jackup rig count could fall to mid-teens at the end of 2010 However, we recently won three short- term, fast-track tenders keep units jackups working through December 31.…
Noble: One of the Best Values in the Space Noble continues to be undervalued Noble has and continues to add new units to the fleet 11 new units delivered 2007-2013 8 BN in backlog Balance sheet remains strong Expected 28% debt…
Noble Corporation Noble Corporation Dorfstrasse 19a 6340 Baar Switzerland www.noblecorp.com Investor contact: Lee M. Ahlstrom Vice President IR & Planning 281-276-6440