Barclays Capital CEO EnergyPower Conference David W. Williams Chairman, President and Chief Executive Officer September 6, 2012
Todays Agenda Company Overview Deepwater Fundamentals Growing Visibility Positioning for the LongTerm Fleet Transformation and Value Creation 3
Company Overview Global Presence 14 Semisubmersibles 14 Drillships 49 Jackups 2 Submersibles 79 Total Rigs(1) + FPSO + Platform Operation Among the worlds largest offshore drilling contractors Globally diverse operations,…
Company Overview Geographically Diversified Revenues and Strong Customer Base Total Revenues Top Five Customers 1.Shell 1.7 Billion 2.Petrobras North Sea 3.Pemex Middle East 4.Saudi Aramco / India 5.Exxon 22% 14% 44% 42%…
Company Overview Total Backlog as of July 31, 2012 ( Billions) Estimated Annual Contribution Noble Substantial Contract Backlog 20 As of July 31, 2012 4 3.5 14.9 15 13.7 3.1 3 10 5 1.9 2 1.6 0 1.3 7/31/2012 12/31/2011…
Third Quarter 2012 Operations Update Revenues to be negatively affected by operational matters and rig startup delays 50 million estimated impact Resulting from: Noble Globetrotter I Noble Max Smith Noble Dave Beard Noble…
Deepwater Fundamentals Solid Support in Place Stable range of crude price Brent Avg. 110 in 2012 Drilling success remains high Geographic expansion continues into frontier locations Building backlog of field development…
Deepwater Fundamentals Exploration Success Remains Strong 2008 Mid2012, Water Depth 4,000 Ft. and Greater Announced Discoveries by Year Countries with Announced Discoveries 37 37 On pace to 32 set record 28 10 22 5 1 2008…
Deepwater Fundamentals PreSalt Hydrocarbon Potential Petrobras UltraDeepwater Africa PreSalt Region Rig Commitments Growing Expectations for Deployment in PreSalt Brazil 100 80 75 Number of Rigs 60 40 40 35 20 17 7…
Deepwater Fundamentals Supportive Leading Indicators, Offshore Licensing Rounds 2012 Planned, Open and Recently Closed Activity Iceland Newfoundland UK 27th Round Greenland Norway 22nd Round, Arctic Region Nova Scotia…
Deepwater Fundamentals Supportive Leading Indicators, Deepwater Open Demand Open Demand by Client Type of Well 100% Majors 28% 92% 75% 50% Independents 26% 46% 25% NOCs 0% 8% Exploration Development 2 2 5 8 1 6 2 2…
Deepwater Fundamentals Regional Rig Supply Growing, 2012 vs. 2007 2012 2007 40 28 4 2 3 60 GOM Ghana 6 2 Mexico 15 9 21 3 Malaysia 2 0 Angola Mozambique Indonesia Brazil Source: ODS Rig Supply August 15, 2007 vs.…
Jackup Sector Highlights Improving utilization expected as demand builds in numerous regions Surplus jackups in decline Dayrates for highspec jackups experiencing higher rates and longer contract durations Dayrates for standard…
Positioning for the LongTerm Fleet Transformation Committed or spent estimated 10 billion since 2007 Addition of four ultradeepwater semisubmersibles Three ultradeepwater drillships Noble Jim Day Three highspecification…
Positioning for the LongTerm Market Development Premium Assets Floating rigs and jackups Low average fleet age Leadingedge technology Addressing more demanding well requirements Large contract backlog Excellent visibility…
Positioning for the LongTerm Remaining Newbuild Shipyard Deliveries Under contract 2013 2014 Globetrotter II Noble Noble Noble HHI Don Taylor Bob Douglas Sam Croft Drillship 4 Noble Noble Noble Noble Noble F&G JU3000N…
Positioning for the LongTerm 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…
Positioning for the LongTerm Attractive Leverage to Rising Dayrates ( Millions) Annual Estimated Revenue Contribution From 2,500 Uncontracted New Deepwater and Jackup Capacity Contracted Drillships and Jackup 2 HHI Drillships…
Positioning for the LongTerm Value Impact of Fleet Transformation Total Revenues ( Billions) 10 Improving Fleet Mix of Premium Assets 8 7.4 6 4 3.6 2 0 2009 Cycle Peak Peak Dayrate Case (Actual) Projection…
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…
Dorfstrasse 19a 6340 Baar Switzerland www.noblecorp.com Investor contact: Jeffrey L. Chastain Vice President Investor Relations 2812766383 Enterprise Value (as of 8/31/2012) 14.5 billion Exchange Listing NYSE: NE Shares Outstanding (ex.…
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