UBS Global Oil and Gas Conference May 22, 2012 Presenter: Denny Smith Director, Corporate Development
Macro Outlook Rapidly declining gas directed rig count impacting horizontal activity 1,400 1,300 Oil 1,200 Horiz 1,100 1,000 900 800 700 600 Gas 1/7/2011 7/7/2011 1/7/2012 Oil Gas Horizontal Source: Baker Hughes…
Horizontal Oil vs. Horizontal Gas Rig Count Source: Smith Bits STATS 4
Nabors Global Infrastructure Largest portfolio of premium assets 743 LAND WORKOVER RIGS 501 LAND DRILLING RIGS 12 JACKUPS 6 Drilling 6 Workover 807k PRESSURE 4 BARGE RIGS 40 PLATFORM RIGS PUMPING HHP 25…
Drilling & Rig Services LAND RIGS OFFSHORE RIGS SPECIALIZED RIGS - Global leadership position - Unique niche - Unique niche - Premium fleet - High market share - Proprietary technology - US Lower 48, International, - Highly innovative…
Drilling & Rig Services Quarterly Adjusted Income (Loss) Derived from Operating Activities (000s) 1Q12 4Q11 1Q11 Drilling and Rig Services: US Lower 48 131,581 130,114 80,095 US Offshore 7,732 3,422 (3,977) Alaska 27,420 5,343…
Drilling & Rig Services Global Rig Fleet AC SCR Mech Total Land US Lower 48 152 115 40 307 International 34 63 34 131 Canada 26 21 33 80 Alaska 4 12 3 19 Offshore US GOM 4 26 2 32 International 2 25 0 27 Total 222 275 116 613…
Drilling & Rig Services US Lower 48 Land Drilling - Premium Fleet Makeup Lower 48 Rig Fleet of Rigs AC Rigs 152 SCR Upgraded 65 SCR 44 Mechanical 41 Total 302 Expected % AC and AC Equivalent 72% * Includes assets…
Drilling & Rig Services Nabors USA Quick Facts At EOY 2012, will have built 152 new AC rigs since 2005 67 AC rigs and 13 SCR rigs will have walking systems by EOY 2012 Since 2006, 28 major upgrades have taken place, mostly…
Drilling & Rig Services US Lower 48 Basin Summary Working Working Shale Plays & Basin Drilling Rigs Drilling Rigs Marcellus Gas 13 Haynesville Gas 30 Bakken/Rockies Oil/Gas 86 Eagle Ford Oil 46 Permian Oil 30 Barnett Gas…
Drilling & Rig Services International Land Unmatched Fleet Make-up Country AC SCR Mech Total Latin America 9 17 4 30 Mid East / North 16 46 1 63 Africa Asia / Far East 2 1 - 3 Europe / FSU 3 4 - 7 Houston 2 2 - 4 Total 32 70…
Drilling & Rig Services International Quick Facts 107 premium rigs throughout all major oil & gas operating regions 96% of drilling rigs have top drives (79 AC & 51 DC) 41 newbuilds in last 5 years 62 refurbs/upgrades in last 5…
Drilling & Rig Services Canada - Premium Fleet Makeup Canada Rig Fleet of Rigs AC Rigs 24 SCR 21 Mechanical 33 Total 78 * Includes assets scheduled to deploy in 2012 14
Drilling & Rig Services Canada Quick Facts Since 2007: 11 AC new build deployed 13 AC top drives installed 29 automated catwalks installed 8 moving systems installed 35 pump upgrades 15
Drilling & Rig Services Canada Summary by Basin Basin Oil/Gas Working Rigs Horn River Gas 7 Montney Oil/Gas 8 Duvernay Oil 11 Oil Sands Oil 8 Cardium Oil 14 Saskatchewan Oil 2 Total 50 Note: Working rigs during 1Q12…
Canrig: A Technology Success Story Innovation 200th ROCKITTM system installed in 2011 REVITTM Stick-Slip system commercialized in 2011 over 45 installations to date Over 35% of services and rentals revenue in 2011 came from new…
Drilling & Rig Services Rig Services - Canrig Installed Base Continues to Grow Canrig Total Installations 600 500 400 300 200 100 0 Top Drives Catwalks Wrenches Rockit Revit 3rd Party Intercompany 18
Completion & Production Services PRESSURE PUMPING COILED TUBING RIGS WORKOVER/ - 5th largest fleet in US - Synergies with pressure pumping WELL-SERVICING RIGS - Global growth with NBR footprint - Synergies with workover /…
Completion & Production Services Quarterly Adjusted Income Derived from Operating Activities (000s) 1Q12 4Q11 1Q11 Completion and Production Services: Well Servicing 21,888 24,237 11,123 Pressure Pumping 64,860 76,470 43,715…
Completion & Production Services International Workover - Premium Fleet Makeup Country of Rigs Latin America 22 Mid East / North Africa 7 Asia / Far East - Europe / FSU 2 Other 4 Total 35 22
Completion & Production Services Focus on Unconventional Development Assets Total Workover / Well-Servicing Rigs 575 Coil Tubing Rigs 12 Frac 857,500 HHP Cementing & Other 100,000 HHP Tanker Trucks 996 Frac Tanks 3,929…
Completion & Production Services US Pressure Pumping Competitive Position EOY 2011 EOY 2012 HHP of Crews HHP of Crews Halliburton 2,480,000 65 2,980,000 78 Schlumberger 1,740,000 46 2,172,000 58 Baker Hughes 1,440,000 38 1,702,500…
Our Priorities: Enhance Balance Sheet Flexibility Targeted Net Debt Reduction 42% 25% by 2013 Actual Targeted (MMs) 1Q12 EOY 2012 EOY 2013 Total Debt 4,773 4,900 3,500 Cash and Investments 500 900 1,100 Net Debt 4,273 4,000 2,400…
Nabors Global Infrastructure 1Q Annualized Run Rate Exceeds Prior High Operating Cash Flow (MMs) FY 2008 FY 2011 1Q12 Annualized(3) Drilling and Rig Services: Total 1,818 1,461 1,678 US Lower 48 839 703 821 US Offshore 102 38 73…
Asset Disposition Other Non-Core Asset Sales: Status Timing of Rigs US: Peak USA Completed 14 MM Canada: Blue Sky/Airborne In process 2012 Hybrid Coiled Tubing Drilling Rigs In process 2012 12 Workover & Well Services In process 2012…
Asset Disposition & Oil and Gas Operations Recent Sales: Action Date Proceeds California Sale 4Q11 72 MM Austin Chalk Sale 1Q12 4 MM Colombia Sale 2Q12 73 MM Total 149 MM Remaining Properties: Oil & Gas Assets Status Details…
NFR Energy Reserves & Production Map of Operations Overview Focused on the prolific Haynesville Shale and Cotton Valley Sand fairway in East Texas Total Company Low risk, predictable production profile Proved Reserves(1) 1.4 Tcfe /…
Drilling & Rig Services US Lower 48 Term Contracts in Force at March 31, 2012 Quarter end number of rigs subject to term contracts(1) 1Q12 2Q12 3Q12 4Q12 1Q13 4Q 2011 158 131 101 75 61 1Q 2012 185 149 111 85 71 Contract…
Nabors Global Infrastructure Margins and Activities 1Q12 4Q11 1Q11 Drilling Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs US Lower 48 10,942 219.0 10,922 216.7 9,394 187.9 US Offshore 19,630 11.9 17,250 10.0 9,945 8.0…
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