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DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc.

Noble Energy, Inc. · May 28, 2008 · 27 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. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 1
    Deutsche Bank Energy and Utilities Conference May 28-29, 2008
  2. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 2
    Noble Energy Supporting strategy to deliver superior returns f Continue to Expand a Superior Asset Portfolio f Manage a Best in Class Exploration Process Focused on Meaningful Opportunities f Commit to Disciplined Investment While…
  3. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 3
    Asset Portfolio Well-positioned for current and future environments f Diversified Conventional and unconventional United States and international All commodities Near, medium and long-term opportunities f Quality Assets…
  4. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 4
    Managing Costs Leads to Better Margins Competitive advantage generated over time Cash Costs* DD&A 14 13.90 14 12.68 12 12 10.03 10 9.56 10 8.32 / Boe / Boe 8 8 7.13 6.74 6 5.84 6 4 4 2 2 0 0 2003 2007 2003…
  5. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 5
    Continue to Increase Opportunity Set Adding large resource potential Net Unrisked Resources f Extended Acreage in U.S. 6 5.3 Resource Plays f Improved Deepwater 4 GOM Position with OCS 3.1 Lease Sale BBoe 2.1 2 f…
  6. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 6
    Total Net Unrisked Resources Diverse opportunity set across the risk spectrum 5.3 BBoe (31.8 Tcfe) Emerging U.S. Resource Plays 6 0.9 BBoe East Rockies Texas Shales Other Tri-State Wattenberg 4 Exploration Piceance BBoe…
  7. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 7
    Exploration Positioning Noble Energy for the next decade f Executing a Best in Class Exploration Resources Exploration Process Predicted Vs. Found 160 Technology and people Portfolio and risk management 120 f Focusing on Large…
  8. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 8
    2008 Capital Program Core area growth with high impact exploration 1.9 Billion Wattenberg 23% West Africa f 67% Development Activities Other 8% Rockies 18% North Sea, Israel f 20% Exploration 12% f 13% Acquisition and…
  9. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 9
    Onshore United States A stable foundation with multi-year growth f Multi-year Inventory of Exploitation and Development Projects New Albany Wattenberg - DJ Basin 19 Well 605 Wells, 645 Other Projects Program f Position in…
  10. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 10
    Wattenberg Field A true Resource Play f NBLs Largest Onshore U.S. Field Continues to Grow Producing 275 MMcfe/d, net 5% annual growth over the next 5 years f Net Unrisked Resources of 4.4 Tcfe Proved and discovered 3.3 Tcfe,…
  11. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 11
    Wattenberg Drilling & Completion Efficiencies Continual improvement with latest technology f NBL Pacesetter for f Over 30% Decrease in Drill Completion Practices Times Since 2005 f NBL Engineers On-site to f 6 of Top 10 Footage…
  12. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 12
    Piceance Basin Core area for Noble Energy f Significant Volume Growth f Net Unrisked Resources Producing 37 MMcfe/d, net of 2.4 Tcfe Year-end exit rate 60 MMcfe/d, net 1,600 10-acre infill locations 150% increase over next 4 years…
  13. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 13
    Tri-State Area A low-cost resource play f Substantial Development with Expanded Acreage Position 582,000 Net Acres Nebraska f Double Activity to 365 Wells in 2008 Colorado Producing 27 MMcfe/d, net 2008 exit rate 38 MMcfe/d,…
  14. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 14
    East Texas & North Louisiana Developing an emerging area East Texas / North Louisiana f Recent Acquisitions Increase Leasehold to 19,000 Net Acres f Potentially 1 Tcfe Net Unrisked Resources Up to 600 Wells Caspiana f…
  15. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 15
    Deepwater Gulf Of Mexico Significant exploration upside with ongoing development f 265,000 Net Acres f Exploration Potential Additional 16 pending blocks 3 to 5 wells in 2008 Significant inventory of prospects f Average 26 MBoe/d in…
  16. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 16
    Galapagos Project Leveraging the Isabela discovery Santiago and Santa f Operate 5 of 6 Blocks with Average Na Kika Production Cruz Prospects WI of 30% Facility f Phase I Development Concept 3 - 4 wells Subsea tieback, dual…
  17. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 17
    Gunflint Prospect Mississippi Canyon 948 A large exploration test f Well-imaged Miocene Tubular Subsalt 4-way Closure Bells with Multiple Objectives Kodiak Devils Tower f On Trend with Recent Industry Discovery f Well to Spud…
  18. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 18
    International Legacy assets and long-term growth potential f Portfolio Generating Free Cash Flow for Reinvestment Low cost, long-lived properties that require little maintenance capital Development and planning underway on…
  19. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 19
    North Sea UK Additional development opportunities f Successful Start-up in 2007 of Dumbarton Using GPIII FPSO Payback reached in 14 months f Production Growth of 33% through 2010 Dumbarton phase 2 and Lochranza MacCulloch…
  20. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 20
    Israel Mediterranean Sea Long-term sales volume growth expectations f Sales Growth Every Year, Up 19% in 2007 f Mari-B Deliverability 600 MMcf/d from 6 Wells f Infrastructure and Markets Continue to Expand Natural Gas Demand…
  21. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 21
    Israel - Mediterranean New exploration with follow-up potential f Tamar Prospect to Spud 4Q 2008 Tamar WI 33%; Operator 33% WI Water depth 5,400 feet Net mean resources 0.9 Tcfe Geologic chance of success 35% f Follow-up…
  22. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 22
    Suriname South America A new exploration province Block 30 45% WI West Tapir Tambaredjo EUR 227 MMBbl OOIP 900 MMBbl Guyana French SURINAME Guiana f 1.5 MM Net Acres f Under-explored Basin with Multiple Prospect Types…
  23. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 23
    West Africa Adding long-term value West Africa f Alba Operations Net volumes 220 MMcf/d, 23 MBbls/d Sales to LNG facility Strong methanol and LPG markets f Appraisal and Development Planning Underway Multiple discoveries and…
  24. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 24
    West Africa Development Significant impact from 2007 discoveries f Engineering Studies Underway Net Capital 1.6 - 2.2 B Scenarios better defined Net Resources 270 MMBoe Phased in approach (Mean) AT ROR 20% - 40% f Accelerating…
  25. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 25
    Equatorial Guinea Drilling Activity 2008 Previous success reduces risk of follow-up opportunities f Benita Down Dip Oil Appraisal 42 feet net oil pay Moved LKO down 28 feet Preparing to flow test f Felicita Exploitation…
  26. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 26
    Important Messages about NBL Unrecognized potential and value f U.S. Onshore Continues to Out-perform f Exploration Portfolio Growing Rapidly in Value f Diversity and Depth of Visible Growth Projects f Resource Base has…
  27. DEUTSCHE BANK ENERGY AND UTILITIES CONFERENCE – Noble Energy, Inc. – slide 27
    Noble Energy, Inc. Deutsche Bank Energy and Utilities Conference May 28-29, 2008

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