A N A D A R K O P E T R O L E U M C O R P O R A T I O N INVESTOR R E L AT I O N S JOHN COLGLAZIER Senior Vice President 832 636 2306 BRIAN KUCK Director 832 636 7135 SHANDELL SZABO Director 832 636 3977 PETE ZAGRZECKI…
Successfully Navigating a Volatile Environment Focus on Enhancing and Preserving Value Reduce Capital Program 50% YOY Reduce Dividends Achieve Additional Cost Savings and Efficiency Gains Continue Active Monetization Program Reduce…
Benefits of a Balanced Portfolio 18% Base Decline Leveraging IDUC Inventory Mega Project Contribution Full-Year Lucius Contribution Heidelberg First Oil 1Q16 TEN First Oil Expected 3Q16 Advantaged Maintenance Capital Provides…
Financial Discipline: Investing Within Cash Inflows Increasing Flexibility 50% YOY Capital Reduction 80% Dividend Reduction Improving Cost Structure Targeting up to 3.5 Billion Monetizations, Including Recent 475+ WGP Secondary…
U.S. Onshore: Enhancing & Preserving Value 70% Capital Reduction YOY 2015 CAPITAL PROGRAM Focus on Base Production 3.6 BILLION Midstream DJ Basin Reduce Costs and Improve Efficiencies 1,300 MM 400 MM Leverage 230 IDUCs When…
DJ Basin: World-Class Asset CONSOLIDATED CORE ACREAGE DJ BASIN WITH MINERALS-INTEREST UPLIFT Net Acres: 350,000 1.5+ BBOE Net Resources 4,000 Identified Drilling Locations COLORADO LIGHT OIL OIL Leveraging Competitive Advantages…
Delaware: Doubling Net Resources & Lowering Costs DELAWARE BASIN Gross Acres: 610,000 Net Acres: 255,000 OIL-RICH PLAY WITH 2+ BBOE Net Resources YEARS OF DEVELOPMENT POTENTIAL Maintaining Top-Tier Acreage NEW MEXICO TEXAS TEXAS…
Gulf of Mexico: Enhancing Value Through Tiebacks TIE-BACK ECONOMICS CAESAR/TONGA LUCIUS HEIDELBERG 2 0 1 6 P L A N N E D A C T I V I T Y 2 0 1 6 P L A N N E D A C T I V I T Y 2 0 1 6 P L A N N E D A C T I V I T Y 2 Tiebacks Achieved…
Ghana & Algeria: Growing Higher-Margin Oil GHANA & ALGERIA GHANA ALGERIA AFRICA WAWA HBNS CPF Planned FPSO Location TEN Complex Jubilee Unit APC WI Block BLOCK 19% WI TWENEBOA 24% WI TEAK Oil Field 404A PK0 Gas Condensate…
Mozambique LNG: Working Parallel Processes Legal & Contractual APPROVE PLAN OF DEVELOPMENT Framework FID WHEN Offtake SECURE 8+ MMTPA SPAs UNCERTAINTY Agreements REMOVED Project ADVANCE TOWARD 2/3 LEVERAGE Financing…
2016 International & Deepwater Exploration Activity GOM LAND POSITION 1.6 MM Gross Acres 2016 ACTIVITY PHOBOS Appraisal Well SHENANDOAH Appraisal Well WARRIOR Exploration Well COLOMBIA CTE DIVOIRE LAND POSITION LAND…
Exploration: Creating Unmatched Value with Optionality Net Discovered 6.5 Resources BBOE 10 Billion Monetized 14 Capital Invested Billion Resources Retained 5 BBOE Net Production 250 MBOE/d DRIVING VALUE EXPLORING APPRAISING…
Successfully Navigating a Volatile Environment Maintain Financial Discipline and Invest Within Cash Inflows Focus on Value Reduce Capital Spending and Cost Structure Position U.S. Onshore for the Future Capitalize on Portfolio…