2Q15 Earnings Presentation August 5, 2015 Presenters: Anthony G. Petrello Chairman, President & Chief Executive Officer William J. Restrepo Chief Financial Officer
Current Debt and Liquidity High 1Q15 2Q15 Change Change (MM's) 3/31/12 3/31/15 6/30/15 1Q15 to 2Q15 2Q15 from High Total Debt 4,773 3,825 3,758 (67) (1,015) Cash and ST Investments 494 621 470 151 (24) Net Debt 4,279 3,204 3,288 84…
Drilling & Rig Services 6
2Q15 Rig Utilization & Availability 2Q15 Rig Average Rig Fleet(1) Years Utilization U.S. Lower 48 AC 172 92 53% Legacy 85 12 14% U.S. Lower 48 Total 257 104 40% U.S. Offshore 17 8 47% Alaska 19 8 42% Canada 57 10 17%…
2Q15 U.S. Rig Utilization Power Type and Pad Capability Total Total Walking Skidding Pad Capable Not Pad Capable Rigs % Working Total Util. Working Total Util. Total Working Total Util. Util. AC 69 120 58% 10 18 56% 57% 8 34…
PACE-X Rig Deployments & Rig Years 45 40 35 30 25 20 15 10 5 0 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 Deployments Cumulative Deployments Cumulative Rig Years 37 PACE-X Rig Years through 2Q15 As of…
2Q15 International Working Rigs Algeria 10 Ecuador 5 Kuwait 2 Russia 4 Angola 1 India 4 Malaysia 1 Saudi 41 Australia 1 Iraq 1 Mexico 7 Venezuela 5 Argentina 23 Italy 1 Oman 4 Colombia 7 Kazakhstan 2 PNG 1 Congo 1 Kurdistan 2…
Outlook and Summary 11
Strategic Focus Capitalize on the existing asset base Differentiate the rig and service offerings Improve financial flexibility Enhance operational excellence 12
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