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JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc

Noble Corporation plc · Oct 5, 2011 · 23 slides

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Slides

  1. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 1
    Noble Corporation Jeffrey L. Chastain Vice President Investor Relations Johnson Rice Energy Conference New Orleans, Louisiana October 5, 2011
  2. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 2
    Todays Agenda Noble Today Fleet Transformation Strategy Value Impact from Strategy Regional Update Safety First 3
  3. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 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…
  4. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 4
    Nobles Global Footprint 14 Semisubmersibles 14 Drillships 49 Jackups 2 Submersibles 79 Total Rigs + FPSO + Platform Operation Source: Noble 5
  5. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 5
    Worlds Second Largest MODU Fleet Floating Rig Count 150 142 Jackups Floaters Other 64 100 79 77 60 49 50 50 49 19 13 77 33 32 22 10 37 31 15 28 27 14 19 6 2 8 8 0 an i ll d d an le k o…
  6. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 6
    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 2 9 6 8 5 7 6 6 0 2 2 l fic co an…
  7. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 7
    Geographically Diversified Revenue Base As of June 30, 2011 North Sea Middle East 20% 20% 24% 17% Brazil 2% Gulf Coast 3% 14% Canada West Africa Mexico Source: Noble 8
  8. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 8
    Second Largest Industry Backlog As of June 2011 ( Billions) 30 25 23.6 Jackups 20 Floaters Other 15 12.9 12.2 9.4 10 8.6 5 2.6 1.0 0 Transocean Noble Seadrill* Diamond ENSCO Rowan Atwood * Seadrill backlog…
  9. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 9
    Total Backlog As of June 30, 2011 ( Millions) Total Backlog by Year 2,500 2.3 2.0 1.9 2,000 12.9 billion total 1.4 1,500 1.3 0.9 1,000 0.6 0.6 0.6 0.5 0.5 500 0.2 0.1 0 2011 * 2012 2013 2014…
  10. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 10
    Net Cash from Backlog vs. Debt ( millions) 15,000 Net cash from 12,947 6,215 backlog = 1.9x 12,000 Debt balance 9,000 6,732 6,000 3,522 3,000 0 Backlog* Costs (Assuming Est. Net Cash from Debt* 52% Cash Flow Backlog…
  11. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 11
    Recent Fleet Developments Evidence of Improving Market U.S. Gulf of Mexico semisubmersibles at full operating rates Noble Jim Thompson March 30 Noble Danny Adkins May 6 Noble Jim Day July 11 Noble Driller August 1 Semisubmersible…
  12. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 12
    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,…
  13. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 13
    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…
  14. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 14
    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…
  15. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 15
    Globetrotter I with Tower Installed 16
  16. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 16
    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…
  17. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 17
    Regional Updates Alaska Shell has filed for 2012 drilling permits Noble has opened an Anchorage office to support Noble Discoverer and Shell- owned/Noble-operated Kulluk US Gulf of Mexico Heavy client pent-up demand…
  18. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 18
    Regional Updates Mexico Pemex continuing to increase rig requirements Multiple tenders and pre-tenders outstanding covering 12 rigs 10 of 12 Noble jackups on contract Brazil Floating rig needs continue to develop Better than…
  19. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 19
    Regional Updates Africa North Sea Deepwater rig demand expected to increase Jackup market remains tight, considerably beginning in dayrates increasing the intermediate-term Operators focusing on 2012 needs Demand driven by…
  20. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 20
    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…
  21. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 21
    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…
  22. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 22
    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…
  23. JOHNSON RICE ENERGY CONFERENCE – Noble Corporation plc – slide 23
    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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