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 ION 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 Build…
2016 Expectations TOTAL SALES VOLUMES (MMBOE) March 1, 20161 282 - 286 Divestiture-Adjusted2 275 - 279 2 MMBOE Updated Guidance2 277 - 281 2015 (Divestiture-Adjusted)3 284 1 Excludes East Chalk 2 Excludes East Chalk and…
Financial Discipline: Investing Within Cash Inflows Increasing Flexibility 50% YOY Capital Reduction 80% Dividend Reduction Improving Cost Structure Ongoing Monetizations Differentiating Capital Allocation & Portfolio Management…
U.S. Onshore: Enhancing & Preserving Value 70% Capital Reduction YOY Focus on Base Production 2015 CAPITAL PROGRAM 3.6 BILLION Reduce Costs and Improve Efficiencies Midstream DJ Basin 400 MM 1,300 MM U.S. ONSHORE NET 2015 2016E…
CONSOLIDATED CORE ACREAGE DJ Basin: World-Class Asset WITH MINERALS-INTEREST UPLIFT DJ BASIN Net Acres: 350,000 1.5+ BBOE Net Resources 4,000 Identified Drilling Locations LIGHT OIL OIL COLORADO Leveraging Competitive Advantages…
Delaware: Doubled Net Resources & Lowering Costs DELAWARE BASIN Gross Acres: 580,000 Net Acres: 235,000 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: Higher-Margin Oil GHANA & ALGERIA ALGERIA AFRICA GHANA HBNS CPF WAWA BLOCK 404A PK0 Planned FPSO Location APC WI Block TEN Complex Jubilee Unit Oil Field 17% WI TWENEBOA 24% WI Gas Condensate TEAK…
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 Gulf of Mexico LAND POSITION 1.6 MM Gross Acres 2016 ACTIVITY SHENANDOAH Appraisal Wells WARRIOR Exploration Well PHOBOS Appraisal Well COLOMBIA CTE DIVOIRE 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 Capitalize on Portfolio Diversification and Flexibility Continue…