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Barclays CEO Energy Power Conference – Cobalt International Energy, Inc.

Cobalt International Energy, Inc. · Sep 7, 2016 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Barclays CEO Energy Power Conference – Cobalt International Energy, Inc. – slide 1
    NYSE: CIE www.cobaltintl.com Investor Presentation September 2016 NYSE: CIE SEPTEMBER 2016 INVESTOR PRESENTATION 1
  2. Barclays CEO Energy Power Conference – Cobalt International Energy, Inc. – slide 2
    Overview By 2025, more than 20 MMBOD of new oil sources will need to be developed to offset decline and keep up with growing demand Deepwater oil is a critical component of the supply picture and will continue to grow in importance as US…
  3. Barclays CEO Energy Power Conference – Cobalt International Energy, Inc. – slide 3
    Pre-Sanction Projects are Crucial to Fill 2025 Supply Gap Split of Pre-Sanction Growing Supply Gap to 2025 Projects and New Drilling Required 22.1 94.1 6.8 Over 20 MMBOD needs to be Non-OPEC 22.1 6.5 Reserves developed by 2025…
  4. Barclays CEO Energy Power Conference – Cobalt International Energy, Inc. – slide 4
    Industry Leading Exploration Success Provides Foundation For Development Exploration Spend per BOE (1) (2) /BOE 14.5 Cobalt has delivered industry leading exploration 9.2 cost/bbl 4.5 5.0 2.4 3.3 3.5 The exploration team has…
  5. Barclays CEO Energy Power Conference – Cobalt International Energy, Inc. – slide 5
    Cobalt Discovered Substantial Resource in Angola Operated Acreage Wells Gross Discovered Mean 000s Km2 Drilled Resources MMBO Cobalt 8.8 Cobalt 15 Cobalt 1,300 Others 62.9 Others 13 Others 450 OPERATOR Cobalt: 7 discoveries…
  6. Barclays CEO Energy Power Conference – Cobalt International Energy, Inc. – slide 6
    Angola Asset Monetization Process Underway Cobalt is currently marketing its Angolan assets Lontra-1 Renewed third party interest in these high Orca-1 quality assets Zalophus-1 Since mid 2015, significant resource has been added…
  7. Barclays CEO Energy Power Conference – Cobalt International Energy, Inc. – slide 7
    Cobalt Gulf of Mexico Net Discovered Resource of 500-650 MMBOE North Platte Anchor Shenandoah Heidelberg Garden Banks Area Green Canyon Area Walker Ridge Area Green Canyon Area North Platte Discovery Shenandoah 1 Anchor Discovery…
  8. Barclays CEO Energy Power Conference – Cobalt International Energy, Inc. – slide 8
    Cobalt Operated North Platte is an Attractive Deepwater Asset North Platte Manhattan, New York Type Log 2 miles Indicative North Platte North Platte Permeability Other Wilcox Reservoir Interval Lower Tertiary…
  9. Barclays CEO Energy Power Conference – Cobalt International Energy, Inc. – slide 9
    Competitive Returns Can be Generated in Todays Price Environment Cost Reductions vs. 2014 Brent Tangibles /bbl Cobalt Realized Market Implied Logistics 160 Service Contracts Rigs 140 -60% -40% -20% 0% Project Sanction Rig…
  10. Barclays CEO Energy Power Conference – Cobalt International Energy, Inc. – slide 10
    Path to Value Creation Monetize Angolan assets Expect renewed interest in these assets, with lower drilling/development costs and additional discovered resources Liquidity position Continue cost-cutting efforts for long term rig and…

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