4Q15 Earnings Presentation February 17, 2016 Presenters: Anthony G. Petrello Chairman, President & Chief Executive Officer William J. Restrepo Chief Financial Officer
Current Debt and Liquidity High 3Q15 4Q15 Change Change (MM's) 3/31/2012 9/30/2015 12/31/2015 3Q15 to 4Q15 4Q15 from High Total Debt 4,750 3,729 3,662 (67) (1,088) Cash and ST Investments 494 277 275 -2 -219 Net Debt 4,256 3,452 3,387…
4Q15 Rig Utilization & Availability 4Q15 Rig Average Rig Fleet(1) Years Utilization U.S. Lower 48 AC 172 71 41% Legacy 47 7 15% U.S. Lower 48 Total 219 78 36% U.S. Offshore 17 7 41% Alaska 16 7 44% Canada 58 14 24%…
12/31/15 U.S. Rig Utilization Power Type and Pad Capability Pad Not Pad Total Total Walking Skidding Capable Capable Rigs % Working Total Util. Working Total Util. Total Working Total Util. Util. AC 53 122 43% 5 18 28% 41% 4…
12/31/15 International Working Rigs Algeria 10 Ecuador 0 Kurdistan 1 PNG 1 Angola 0 India 2 Kuwait 2 Russia 5 Argentina 20 Iraq 1 Malaysia 1 Saudi 44 Colombia 8 Italy 1 Mexico 3 Venezuela 5 Congo 1 Kazakhstan 2 Oman 5 Total 112…
Strategic Focus Capitalize on the existing asset base Differentiate the rig and service offerings Enhance operational excellence Improve financial flexibility 11
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