Skip to main content HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc Investor Presentation | Shale Experts
Loading...
Pm

HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc

Noble Corporation plc · Mar 27, 2011 · 25 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 1
    Noble Corporation David W. Williams Chairman, President & Chief Executive Officer Howard Weil's 39th annual Energy Conference New Orleans, Louisiana March 27-31, 2011
  2. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 2
    Why Own Noble Strong, high value backlog Fleet modernization underway Top tier safety performance Compelling value and growth story 3
  3. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 3
    Nobles Global Footprint 14 Semisubmersibles 13 Drillships 47 Jackups 2 Submersibles 1 Platform 1 FPSO 76 Total Rigs + FPSO + Platform Operation Source: Noble 4
  4. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 4
    Nobles Strategy Vision To be the preferred offshore drilling contractor Goals To operate in a manner that provides the highest focus on safety and the environment To maintain top tier margins and provide shareholders with a…
  5. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 5
    Second Largest Industry Backlog As of February 28, 2011 Millions 30,000 Estimated by ODS and includes estimates of 24,666 backlog by ODS where dayrates have not been 25,000 made public. Jackups 20,000 Floaters Other 15,000…
  6. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 6
    Backlog Extends Into 2020s As of February 28, 2011 Millions 5,000 Estimated by ODS and includes estimates of backlog by ODS where dayrates have not been 4,500 made public. 4,061 4,000 Jackups 3,500 Floaters 3,000 2,500…
  7. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 7
    Using the Backlog and Balance Sheet to Modernize the Fleet Pro Forma ( Millions) Dec. 31, Dec. 31, 2009 2010 ASSETS Cash 735 1,025 PP&E increase during 2010 Other current assets 748 493 reflects Frontier acquisition PP&E, net…
  8. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 8
    Nobles Floating Fleet Growth Focused on Dynamically Positioned Vessels Floating Rig Count HHI I HHI II HHI III 30 Noble Globetrotter II DP Noble Bully I 27 Moored Noble Bully II Noble Globetrotter I 26 25 23 23 Frontier…
  9. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 9
    Nobles Latest Drillships High-Tech Development Tools 3 Newbuild Ultra-Deepwater Drillships 1 option (expires 8/31/11) Yard deliveries 2Q13, 4Q13, 2Q14 605 mm all-in cost on first two, 615 on third Proven design and turn-key…
  10. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 10
    Bully Construction Progress Update Bully I due to leave shipyard late July Overall completion: 97% Commissioning: 74% Bully II due to leave shipyard late September Overall completion: 85% Commissioning: 25% Sponson…
  11. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 11
    Noble Ultra-deepwater Floater Fleet Comparison vs. Competitors Noble Transocean Diamond Pride Seadrill* Ensco Total floaters 27 73 35 19 18 8 Ultra- deepwater 13 27 8 5 16 8 floaters (UDW 7,500) UDW average 2.4 7.3 15.1 0.4…
  12. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 12
    Noble Ultra-deepwater Floater Fleet Comparison vs. Competitors Ensco/ Noble Transocean Diamond Pride Seadrill* Total floaters 27 73 35 27 18 Ultra- deepwater 13 27 8 13 16 floaters (UDW 7,500) UDW average 2.4 7.3 15.1 1.5…
  13. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 13
    Gulf of Mexico Update Noble Clyde Boudreaux has arrived in Brazil Noble Danny Adkins on standbynow expect mid-May return to full rate Noble Jim Thompson on standby Shells exploration plan approved by BOEMRE, permit phase next…
  14. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 14
    Nobles Latest Jackups Ultra-premium Capabilities 4 Newbuild JU3000N HDHE jackups 2 remaining options expire 1/1/12 Yard deliveries 4Q12, 2Q13, 4Q13, 2Q14 Two rigs at 220 mm all-in cost; two at 235 mm all-in Turn-key construction…
  15. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 15
    Examining Divestitures as Part of High- Grading Have undertaken an exercise to identify core vs. non-core jackups and floaters for potential divestiture Force ranking assets in terms of technical capability, age, marketability,…
  16. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 16
    Regional Updates Mexico Recently awarded 6 contracts + 1 extension Noble Bill Jennings and Noble Leonard Jones have both commenced contracts Believe additional tenders forthcoming including fast-tracks for up to two additional…
  17. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 17
    Regional Updates Middle East/ Southeast Asia Saudi Aramco has outstanding tender for 11 jackups; NE bidding against incumbents North Sea/West Africa Noble Homer Ferrington Noble Roger Lewis commenced farm-out March 18 commenced…
  18. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 18
    2011 Guidance Updated Previous Current Capital, including capitalized interest 2.1 billion 2.4 billion Capitalized interest 120 million 140 million Interest Expense, net of capitalized interest 50 - 60 million 30 40…
  19. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 19
    Safety Matters Now More Than Ever Recordable Incident Rates Noble vs. IADC Safety is a 6.0 paradigm of the organization and must not be 5.0 4.0 compromised. 3.0 2.0 1.0 .0 Noble IADC Source: Noble and the…
  20. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 20
    Leading Safety More Than Just the Numbers The only drilling contractor to: Win the ExxonMobil sponsored Robert W. Campbell Award for HSE excellence Win the U.S. Minerals Management Service National SAFE Award for three…
  21. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 21
    Leading Safety to the Next Frontier Additional Focus Area 22
  22. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 22
    Upcoming Potential Catalysts Noble Jim Day contracted Mexico tenders expected to resolved by 4/1/11 Six tenders won so far Noble Homer Ferrington returns to payroll mid-March 2011 Noble Clyde Boudreaux expected to return to…
  23. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 23
    Save the Date What: Shipyard visit to meet with Noble Management and tour Noble Bully I Where: Keppel Shipyard, Singapore When: 17-18 May 2011 Tentative Agenda Dinner with Management Noble Business Update Noble Project Review…
  24. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 24
    Noble: One of the Best Values in the Space Noble has and continues to renew the fleet 18 new units delivered 2007-2014 3 drillships to be delivered in 2011 8.3 BN in backlog for new fleet additions Evaluating existing fleet for…
  25. HOWARD WEIL 39TH ANNUAL ENERGY CONFERENCE – Noble Corporation plc – slide 25
    Noble Corporation Dorfstrasse 19a 6340 Baar Switzerland www.noblecorp.com Investor contact: Lee M. Ahlstrom Vice President IR & Planning 281-276-6440

From the store

Browse maps, data & reports in the Shale Experts store