2013 ANADARKO INVESTOR CONFERENCE INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Brian Kuck Manager 832/636-1397 Bill Tedesco Manager 832/636-3375 John Colglazier VP, Investor Relations…
Agenda Presenter Predictable Growth and Differentiating Value Al Walker Exercising Financial Discipline Bob Gwin Driving Growth and Value Chuck Meloy Accelerating High-Impact Projects Doug Lawler Creating Unmatched Value and…
2013 ANADARKO INVESTOR CONFERENCE INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Brian Kuck Manager 832/636-1397 Bill Tedesco Manager 832/636-3375 Al Walker President and CEO Feb. 20,…
What Differentiates Anadarko Values-Based Culture with Focus on Safety and Continuous Improvement Predictable, Repeatable U.S. Onshore; Low-Cost Operator High-Margin Oil Mega Projects World-Class Exploration Active Portfolio…
Balance, Scale and Unparalleled Optionality Predictable, Repeatable Advancing Next- World-Class U.S. Onshore Generation Mega Projects Exploration Higher-Margin Liquids High-Margin Oil High-Impact Targets Driving Efficiencies…
Proven Track Record (2007 - 2011) Predictable, Repeatable Growth 144 MBOE/d Sales-Volumes Growth 6% CAGR 1.5 BBOE Reserve Adds for 15/BOE Efficiency Improvements 20+% Reduction in LOE/BOE 50+% Improvement in Shale Drilling Times…
Positioned to Deliver in 2013 Sales Volumes (MMBOE)* 279 - 285 Capital (Billions)** 7.2 - 7.6 Reserve Replacement 150+% F&D 15/BOE Demonstrated Liquids Growth 2013 Capital Allocation by Area 350 60% GULF OF MEXICO 15% 296 - 306…
High-Quality Reserves with Predictable Growth Transparent Reserves Pipeline to 3 BBOE in 2 Years Competitive Replacement Costs at 15/BOE 5-Year Track Record Added 1.7+ BBOE for 15/BOE Line of Sight to 3+ BBOE by YE14 (Before the…
Predictable Growth, Expanding Margins and Value Upside Confident in 5 - 7% Production CAGR through 2020 at Current Prices Achieved through Identified and Producing Assets Increased Growth Potential with 4.50+ Sustained Natural Gas…
Expecting a Break-Out Year in 2013 10+% Oil-Sales-Volumes Growth Expands Margins Investments Delivering 30 - 100+% Returns 25 Deepwater Exploration/Appraisal Wells Opportunistic Divestitures and Carry Agreements Clarity Regarding…
2013 ANADARKO INVESTOR CONFERENCE INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Brian Kuck Manager 832/636-1397 Bill Tedesco Manager 832/636-3375 Bob Gwin SVP, Finance and Chief Financial…
Exercising Financial Discipline 2.5 Billion of Cash on Hand at YE12 2013 Capital Investments within Cash Flow Cash Flow Protected with Tactical Hedges Planned and Opportunistic Monetizations Anticipate Periodic WES and WGP…
Active Portfolio Management 5 Billion Monetized from 2010 2012 2012 Monetizations Value (Millions) Lucius 556 Salt Creek 400 South of Wattenberg 114 S. Texas, Pompano & Other 280 Divestitures Completed YTD 2013 Area Value…
Generating Substantial Cash Flow Invest in High-Return Capital Projects Further Strengthen Balance Sheet Consider Dividend Increase Capital Adjusted Free Cash Investment Flow at Strip 7.2 B 1.5+ B 7.4 B 1.3+ B 7.6 B 1.1+ B…
WES/WGP: 9 Billion Value for Anadarko 2.2 Billion Cash Returned to Anadarko by WES to Date WGP Market Value of 7.5 Billion Anadarkos 91% Ownership Worth 6.8 Billion +/- 1 Per Share Equals 200 Million Value Change to Anadarko…
2013 Key Financial Objectives Exercise Financial Discipline by Investing within Cash Flow Protect Cash Flow with Tactical Hedges Accelerate Value through Opportunistic Monetizations Realize Additional Value through WES and WGP…
2013 ANADARKO INVESTOR CONFERENCE INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Brian Kuck Manager 832/636-1397 Bill Tedesco Manager 832/636-3375 Chuck Meloy SVP, U.S. Onshore Production…
2012 U.S. Onshore: Superior Results Grew Liquids Sales Volumes 25,000 Bbl/d YOY Averaged 80,000 Barrels of Oil per Day 2013 350 MMBOE Reserve Additions EBITDAX/ 2013 BOE* RRE** Realized Enhanced Efficiencies YOY 28% Improvement in…
2013: Big Assets on a Big Growth Curve Midstream 10% Sales-Volumes Growth to 570,000 BOE/d 11% Exploration 7% 35% Increase in Oil Volumes Allocating Capital to Projects Generating 30 - 100+% ROR Development 12/BOE…
Wattenberg HZ: Accelerating 15+ Billion of Value 350,000 Net Acres in Core Wattenberg 1.0 to 1.5 BBOE Net Resources Larimer 4,000 Horizontal Drill Sites 350 MBOE EUR per Well Morgan Optimizing Lateral Lengths, Spacing and…
Wattenberg: Expanding Enabling Infrastructure Year-End 2012 Infrastructure Oil Takeaway Capacity Aligned with Production Growth Gas Gathering Pipelines 3,000 Miles 120 (Illustrated through 1Q14) Oil Gathering Pipelines 32 Miles 100…
Eagleford: Delivering Significant Growth 400,000 Gross Acres 600+ MMBOE Net Resources 200,000 Net Acres 2,500+ Identified Drill Sites 600 MBOE EUR per Well 65% Liquids Composition Large-Scale Infrastructure Additions 200 MMcf/d…
Continuously Improving Cycle Times and Costs Industry Leader in Footage Drilled per Day Faster-Pace, Lower-Cost Completions 30,000+ Predictable, Repeatable Drill Sites 675 Million Savings Realized since YE10 Enhancing Drilling…
Creating Value through Economies of Scale Existing Infrastructure Water Management Contracting for Goods and Services Automation Realizing Significant Savings Lower Cost, Higher Value 6 50 5 NFX HIGHER VALUE APC U.S.…
Midstream Advantage Facilitates Growth Processing Plant Large-Scale Operations CHIPETA TRAIN III NGL Equity Pipeline 15,000+ Miles of Pipeline Capacity 300 MMcf/d New NGL Capacity 5+ Bcf/d of Throughput 2.5 Bcf/d of Processing…
Our Recipe for Success is Driving Growth and Value Economies of Scale Leverage Midstream for Continued Production Growth Best-in-Class Drilling and Completions Focus on Cost Efficiencies Strong Safety Performance and 300…
2013 ANADARKO INVESTOR CONFERENCE INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Brian Kuck Manager 832/636-1397 Bill Tedesco Manager 832/636-3375 Doug Lawler SVP, International and…
Generated Cash and Momentum in 2012 2013 Expectations Delivered Significant Oil Volumes and Cash Capital 1.3 Billion Advanced Gulf of Mexico Oil Projects Sales Volumes 72 MMBOE First Oil Production at Caesar/Tonga Value-Enhancing…
Delivering High-Impact Growth and Cash Flow Advancing Identified Mega Projects Consistent, On-Time, On-Budget Delivery 180 Estimated Sales Volumes (MBOE/d) Standardized Process, Technology and Equipment Mozambique First 2…
Lucius: Enhancing Value of a Premier Project GULF OF MEXICO 300+ MMBOE Resource Facility Capacity Established 2.8 Billion Value KEATHLEY CANYON 80 MBOPD Capital Carried through First Production 450 MMcf/d 100+% Return Post Carry…
Heidelberg and Caesar/Tonga: Enhancing Value GULF OF MEXICO 549 550 Tahiti 593 3+% ORRI Heidelberg: 200 - 400 MMBOE Resource 640 Replicating Lucius Spar Design Caesar/Tonga 679 680 34% WI 683 Ordered Long-Lead Items First Oil…
Ghana: High-Margin Value Creator 0.5 MM Gross Acres Jubilee: Producing 110,000+ BOPD Cte dIvoire Additional Phase 1A Wells Planned Ghana Expansion Projects Under Way TEN: Second Major Oil Development POD Submitted 4Q12 First…
El Merk: Anadarkos 3rd Algerian Mega Project First Oil Expected in March Two 65 MBOPD Capacity Crude Trains Ramp During the Year 600 MMcf/d Capacity Gas Processing 30,000 Bbl/d Net Around YE13 80 MBWPD Capacity Water Handling Drives…
Mozambique: Advancing Toward 50 MMTPA DISCOVERED MASSIVE RESOURCE 35 to 65+ Tcf of Recoverable Natural Gas CONFIRMED RESERVOIR QUALITY AND DELIVERABILITY Wells Capable of Producing 100 - 200 MMcf/d SECURED LAND FOR LNG PARK 17,000+…
Mozambique: Cost-Advantaged LNG Development High-Quality, Extensive Reservoirs Minimizes Development Costs LNG Park Location Land Available for Expansion WELLS AND SUBSEA 25 Miles from Shore INFRASTRUCTURE* MOZAMBIQUE 5 - 6…
Mozambique: Clear Path to 50 MMTPA 2013 - 18 Achieve Reserves Certification Continued Government and Partner Alignment Approve Plan of Development Sign Sales and Purchase Agreements Secure Project Financing Final Investment…
Pipeline of High-Impact Projects and Proven Track Record Advancing Identified Mega Projects High-Margin Oil 180 Estimated Sales Volumes (MBOE/d) Monetizations Accelerate Value Mozambique First 2 Trains TEN Complex…
2013 ANADARKO INVESTOR CONFERENCE INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Brian Kuck Manager 832/636-1397 Bill Tedesco Manager 832/636-3375 Bob Daniels SVP, International and…
Exploration: Delivering Value and Optionality Strategy, Technology, People and Processes are Delivering Industry- Leading Results Value Creation from Exploration* Portfolio Positioned to Deliver Growth, Value and…
2013: Focused on Play-Opening Exploration Leveraging Exploration Success Capital 1 Billion Testing New Plays Expanding the Portfolio Net Discovered 800+ MMBOE Resources Target Focusing on Value Creation and Acceleration Land…
Leveraging Exploration Success People and Concepts Technology and Tools Commercial Focus Gulf of Mexico Deep Portfolio of Opportunities Sub-Salt Expertise Seismic and Imaging Tool Kit Deepwater Drilling and Operations Cretaceous…
Commercializing the Cretaceous Fan Play Significant Oil Opportunities Very Large Stratigraphic Traps Cretaceous Fan Plays 28 MM Gross Acres High Discovery Rate One of the Largest Emerging Oil Plays Competitive Advantages Knowledge…
Building Upon East Africa Success Massive Basin-Floor Fans Potential for Oil East Africa 11 MM Gross Acres First-Mover Advantage Combination Traps Premier Deepwater Acreage Position Extensive Knowledge of Play Operational Expertise…
Play-Opening Drilling Large, Low-Relief Structures Multiple 4-Way Structures Substantial Running Room South China Sea 2 MM Gross Acres New Basin Offset by Discoveries Multiple Play Types and Prospects Exploration Drilling…
Compelling Exploration Delivering Value Unprecedented Activity Level with 5 Wells Under Way Testing 3 Multi-Block, 4-Way Structures Drilling First Norphlet Test Gulf of Mexico 3 MM Gross Acres Competitive Advantages 25+ Years of…
Creating Unmatched Value with Optionality NET DISCOVERED RESOURCES 5+ BBOE 2004 - 2012 CAPITAL INVESTED 8 Billion MONETIZED 8 Billion 200 MBOE/d Net Production VALUE RETAINED 4 BBOE Resources Lucius Heidelberg OPTIMIZE…
2013 ANADARKO INVESTOR CONFERENCE INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Brian Kuck Manager 832/636-1397 Bill Tedesco Manager 832/636-3375 Feb. 20, 2013 www.anadarko.com NYSE: APC…
Providing Transparent Growth with Unmatched Optionality Values-Based Culture of Safety and Continuous Improvement Predictable, Repeatable U.S. Onshore; Low-Cost Operator High-Margin Oil Mega Projects World-Class Exploration Active…