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June 2018 Wells Fargo West Coast Energy Conference – Wells Fargo Energy Capital

Wells Fargo Energy Capital · Jun 12, 2018 · 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. June 2018 Wells Fargo West Coast Energy Conference – Wells Fargo Energy Capital – slide 1
    Patrick Schorn Executive Vice President, Wells 2018 Wells Fargo West Coast Energy Conference San Francisco, June 12, 2018
  2. June 2018 Wells Fargo West Coast Energy Conference – Wells Fargo Energy Capital – slide 2
    Oil Market Fundamentals Drive Prices Higher Upstream Capex Oil Production World Liquids Demand Brent Forward Curve (B) (MMbpd) (MMbpd) () -40% 2.1% 1.5% 700.0 98.0 100.2 101.7 80 92.5 98.1 US LTO +51% US Other +12% 75 Russia…
  3. June 2018 Wells Fargo West Coast Energy Conference – Wells Fargo Energy Capital – slide 3
    E&P Investment Levels Remain Below Medium-Term Needs kbbl/d 2.5 Algeria 2.0 Angola 1.2 Azerbaijan 3.0 Brazil 5.0 China 2.0 1.0 2.5 4.0 1.5 0.8 2.0 1.5 3.0 1.0 0.6 1.5 1.0 2.0 0.4 1.0 0.5 0.5 0.2 0.5 1.0 0.0 0.0 0.0 0.0…
  4. June 2018 Wells Fargo West Coast Energy Conference – Wells Fargo Energy Capital – slide 4
    Project Sanctions Trend To Reduced Size and Lower Risk Sanctioned Reserves by Project Type Average Project* Size by Sanction Year (Bnboe) (MMboe) 537 2015 2016 2017 481 376 4.8 Bnboe 13.0 Bnboe 12.1 Bnboe Greenfield…
  5. June 2018 Wells Fargo West Coast Energy Conference – Wells Fargo Energy Capital – slide 5
    Revenue and Customer Mix Evolution Revenue by Customer Revenue by Geography % 2011 2017 100 North America IOC IOC NOC NOC International Independent Independent 0 2011 2012 2013 2014 2015 2016 2017 North America Revenue…
  6. June 2018 Wells Fargo West Coast Energy Conference – Wells Fargo Energy Capital – slide 6
    Expanding Integrated Services 2014 2017 % 100 SPM Performance-based 20% 24% IDS / IPS Multiple services ISM + Multiple services 0 2014 2015 2016 2017 Integrated services contribution growing Performance-based…
  7. June 2018 Wells Fargo West Coast Energy Conference – Wells Fargo Energy Capital – slide 7
    Integrated Drilling Track Record First IPM* project in Latin America 20 years ago 12,700 wells 25 NOC, 6 IOC, and Independents 80% land, 20% offshore 8 * Integrated Project Management
  8. June 2018 Wells Fargo West Coast Energy Conference – Wells Fargo Energy Capital – slide 8
    Saudi Aramco LSTK Project Update Oil (128 wells) Oil (70 wells) Gas (146 wells) 344* wells over 3 years, plus extensions +8 additional rigs mobilized in Q2, +6 in Q3, +1 in Q4 2018 Ramp-up 7 wells drilled YTD 2018 70% of…
  9. June 2018 Wells Fargo West Coast Energy Conference – Wells Fargo Energy Capital – slide 9
    Integrated Drilling Project Mobilizations Through 2018 Operated 59 international rigs in Q1-18 Mobilizing 30 rigs in Q2-18 Mobilizing additional 25 rigs in Q3-18 10
  10. June 2018 Wells Fargo West Coast Energy Conference – Wells Fargo Energy Capital – slide 10
    Summary Oil market balanced by demand growth, supply-side production cuts, and weakness of mature production base. Global supply response increasingly needed. Positive sentiments reflected in 2018 E&P spending forecasts of 15-20%…

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