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WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc

Noble Corporation plc · Dec 7, 2011 · 22 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. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 1
    Noble Corporation Corporate Update December 2011
  2. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 2
    Todays Agenda Noble Today Fleet Transformation Strategy Value Impact from Strategy Regional Update Safety First 3
  3. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – 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. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – 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. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 5
    Worlds Second Largest MODU Fleet Floating Rig Count 150 141 Jackups Floaters Other 63 100 79 77 60 50 50 49 49 19 13 77 34 32 22 10 16 37 31 28 27 14 19 6 3 8 8 0 (1) Includes four floaters and three jackups…
  6. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – 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 3 9 5 7 8 2 5 3 6 6 3 2 0 (1) Includes…
  7. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 7
    Geographically Diversified Revenue Base As of September 30, 2011 North Sea Middle East / India 20% 19% 22% 20% Brazil Gulf Coast 2% 3% 15% Canada West Africa Mexico Source: Noble 8
  8. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 8
    Second Largest Industry Backlog As of September 2011 ( Billions) 30 25 23.5 20 15 13.5 12.8 10 9.0 8.1 5 2.4 1.5 0 Transocean Seadrill Noble Ensco Diamond Rowan Atwood * Seadrill backlog includes 75% of the…
  9. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 9
    Total Backlog As of September 30, 2011 ( Millions) 2.6 2.1 2.0 12.8 billion total 1.3 0.9 0.8 0.6 0.6 0.6 0.5 0.5 0.2 0.1 * Remaining three months Source: Noble backlog includes 75% performance bonus…
  10. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 10
    Recent Fleet Developments Evidence of Improving Market North Sea Noble Ronald Hoope jackup received a one-year commitment through December 2012 Dayrate 113,000 Noble Piet Van Ede jackup received a 10-month commitment through…
  11. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 11
    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,…
  12. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 12
    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…
  13. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 13
    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…
  14. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 14
    Unique Equipment Configuration and Drilling Center of Multi-Purpose Tower Noble Bully I Noble Globetrotter I Benefits: Compact design vs. conventional derrick Allows for smaller hull size vs. other drillships of similar capacity…
  15. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 15
    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…
  16. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 16
    Regional Updates Alaska Shell has filed for 2012 drilling permits, progress continues to be made Noble has opened an Anchorage office to support drillship Noble Discoverer and Shell-owned/Noble- operated Kulluk New two-year…
  17. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 17
    Regional Updates Mexico Pemex continuing to increase rig requirements Multiple tenders expected in near- term Brazil 10 of 12 Noble jackups on contract and working, strong opportunities Better than expected geology for…
  18. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 18
    Regional Updates Africa North Sea Deepwater rig demand expected to increase Jackup market remains tight, considerably beginning in dayrates increasing the intermediate-term Operators optimistic on long-term Demand driven by…
  19. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 19
    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…
  20. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 20
    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…
  21. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 21
    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…
  22. WELLS FARGO SECURITIES 10TH ANNUAL PIPELINE MLP AND ENERGY SYMPOSIUM – Noble Corporation plc – slide 22
    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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