Jefferies 2011 Global Energy Conference November 30, 2011 Tim Probert President Strategy & Corporate Development
Supply/Demand Outlook Encouraging for Energy Service Increasing demand for liquids reducing the industrys spare capacity World Oil Demand (MMb/d) OPEC Effective Spare Capacity (MMb/d) 94 7 Forecast Forecast 92 6 5 90 4 88…
Continued Shift to Gas Gas demand expected to grow 3X rate of liquids 1990-2010 (Growth) 2010-2030 (Growth) 60% 52% 24% 14% Oil Gas Oil Gas To meet growth in gas demand, production must increase by 1.5-1.8 tcm (2X…
Market Drivers in the Upcoming Cycle Unconventionals Deepwater Mature Fields 5
Unconventional Service Intensity US Well footage increasing and our North America revenue per rig doubled 8,000 2.5 N. America rev. per rig (quarterly, M) EIA footage/well count (12 mo. ave.) 7,000 2.0 6,000 5,000 1.5…
Subsurface Technology to Drive Service Intensity Microseismic Technology improves fracture placement New Complex Fracture Model maps fracture planes into microseismic data Statistically equivalent fracture systems can be…
Exporting Expertise Global Consulting Engagements 150 basins screened Analogs Developed Frac of the Future Reduced footprint Reduced capital requirements Environmental Performance CleanSuiteTM Water re-use Global Reach -…
International Shale Operations Commencing 60 detailed assessments performed Work underway in Latin America, Middle East and Asia Exploration and appraisal initial focus Poland an early mover 187 tcf Technically…
Deepwater an Engine of International Growth Deepwater Rig Count Service Intensity Multiples 350 New DW Deliveries 300 Currently Operating DW Land 1x Units 250 200 Shallow Water 5x 150 Deep Water 11x 100 50 Hostile 13x Deep…
Deepwater Technology Advancing Acknowledged expertise in drilling, completion technology Strengthened reservoir evaluation capabilities Example: Seismic tie based on proprietary LWD technology Strengthened deepwater…
Expanding Beyond the Golden Triangle Norway Azerbaijan Israel Gulf of Vietnam Mexico Malaysia / Tanzania Brunei Selected Recent DW Wins Nigeria Papua New Indonesia Guinea Halliburton DW Operations Angola Mozambique…
Accelerating Mature Asset Strategy Boots & Coots Foundation Multi-Chem Acquisition No. 4 provider of production chemicals in North America Substantial international growth opportunity Strong synergies Large consulting led…
Financial Objectives Superior growth Superior margins Superior returns 14
Outperforming the Competition Total Revenue (Indexed) Total Operating Income** (Indexed) Q108 to Q311 Q108 to Q311 HAL SLB* BHI* HAL SLB* BHI* 180 180 162 163 160 160 140 140 120 112 132 100 120 96 80 117 100 60 40 80…
Not Just in North America Latin America Revenue Eastern Hemisphere Revenue Q108 to Q311 Q108 to Q311 HAL SLB* BHI* HAL SLB* BHI* 140 200 180 120 160 159 113 158 140 110 100 138 120 97 100 80 80 60 60 3Q 3Q 3Q 3Q 3Q 3Q…
Superior Margins and Returns Operating Income %* Return on Average Capital Employed** 2008 to YTD 2011 2008 to 2011 Annualized HAL SLB BHI HAL SLB BHI 23% 28% 22% 19% 19% 23% 18% 17% 21% 16% 16% 15% 18% 14% 15% 15%15% 13%…
Summary Energy demand remains robust despite uncertainty in the global economy Fastest growing contributors: Development of unconventionals in North America and evolving International markets Deepwater growth in traditional and…
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