Managing with Confidence Bernie G. Wolford Senior Vice President Operations Citi Global Energy and Utilities Conference May 10, 2016
What Contributes to Superior Positioning in Our Business Premium Fleet Robust Liquidity Good Contract Coverage Solid Balance Sheet/Manageable Consistent Operational Maturities Execution 3
Modern and Versatile Premium Fleet 8 Drillships 8 Semisubmersibles 14 Jackups 8 UDW, DP 3 UDW, DP 6 added since 2012 8 added to fleet since 2011 5 conv. moored, UDW, DW 3 added since 2007 8 contracted 1 contracted 1 under…
Good Contract Coverage Percentage of Available Operating Days Floating Rigs 2016 54% Committed 36% 2017 Committed 25% 2018 Committed Jackup Rigs 2016 87% Committed 2017 66% Committed 36% 2018 Committed Source:…
Consistent Operational Execution Percent of Total Downtime per Quarter 9.0% Guidance of 5% downtime 8.4% reflects premium fleet mix, expect to do better 7.0% 2015 average downtime of approximately 5% Unfavorable result in 4Q15…
Robust Liquidity Liquidity Improvement Supported by Strong Operations Execution ( Billions) Liquidity Components ( Million): 3.5 Cash ( 3/31/16) 246 5-year RCF 2,445(1) Decline in Liquidity 3.2 January 2016 maturity of 225…