Energizing the World, Bettering Peoples Lives Barclays CEO Conference September 2014
Noble Energy Execution delivering a unique future Outstanding Growth Agenda Production, reserves and cash flow expected to more than double by 2018 Proved Reserves and Discovered Unbooked Resources Fueling Growth Diversified…
Superior Long-Term Production Outlook Delivering growth by executing the plan 2013 Net Risked Resources* MBoe/d Avg. Annual Net Volumes 10.6 BBoe 700 629 MBoe/d 4% 18% CAGR 19% 525 Proved 350 60% Discovered Unbooked Core…
Global Operations Diversified portfolio of premier operating assets Focused on Five Core Areas Onshore U.S. - DJ Basin and Marcellus Shale Deepwater - GOM, Eastern Mediterranean and West Africa Best-in-class Project Execution…
A Closer Look at 2014 Substantial growth in core areas Production Estimate 294 303 MBoe/d 16% Year Over Year Increase, Adjusting for Sales and Exchange Led by DJ Basin, Marcellus Shale and Israel Preparing and Investing for Future…
Core US Onshore Horizontal Production Track record of continued growth Horizontal Volume Growth 40 MBoe/d Increase Over Last Year MBoe/d 125 DJ Basin up 33% Marcellus increase of more than 120% More Than 75 MBoe/d Increase from…
DJ Basin 2014 Operations Unlocking significant long-term growth for NBL NE Currently Producing Over 100 MBoe/d WY Operating 10 drilling rigs CO CO Five-year production CAGR 23% (2013-2018) N Colorado Strong Well Performance in…
DJ Basin Extended Reach Lateral Program Now represents more than 30% of 2014 wells planned ERL Compared to Normal (Wells Ranch) Length Economics ERLs Significantly Enhance Per Well Lateral EUR D&C BT ROR BT NPV10 Returns and NPV…
DJ Basin Downspacing Program Maximizing value through optimal spacing plan WY NE Confirmed Minimum 16 Wells per CO Section in Oil Window East Pony Various well patterns across Niobrara and Codell West Pony More than 9,500 well…
New DJ Basin Completion Techniques Initial plug-n-perf wells are outperforming Increasing Near Wellbore Stimulated Cum MBoe Core IDP - Peppler/Peaks Pad Rock Volume 60 Completion modifications contributing to optimal well…
Marcellus 2014 Activity Delivering value with upside opportunities JV Currently Producing More Than 700 MMcf/d Gross OH PA 100 operated wet gas and 70 dry gas wells in 2014 Five-year production CAGR 46% (2013-2018) Further…
Marcellus Majorsville IDP PA OH Core area in liquids-rich region First Operated Area with More Than 70 WV Horizontal Wells Online Acreage only 25% developed OH PA Well Performance Driving Increased EURs Flatter declines on…
Marcellus Performance Upside Potential to materially increase resources and type curves Positive Results from Enhanced WFN6 Completions in Majorsville* Completion Designs Mcf/Lat. Ft. 140 Reduced stage and cluster spacing (RSCS)…
Deepwater Gulf of Mexico Sustained value creation with visibility to significant growth Proven Track Record of Exploration Success NBL Interests Louisiana Leading-edge technology with disciplined Producing Swordfish processes…
Rio Grande Development High-margin, near-term development Total Gross Resources of 140 240 NBL Interests Infrastructure Discovery MMBoe NBL operated Big Bend Mississippi Canyon 697, 699, 782 54% WI Troubadour 60% WI Recent…
Deepwater Gulf of Mexico Katmai Discovery Commercial discovery with upside 2014 Exploration Discovery Green Canyon 40 NBL operated with 50% WI Encountered 154 Feet of Net Oil Pay Middle and Lower Miocene reservoirs Katmai Total…
West Africa Leveraging expertise and experience in Africa Unique Approach to Creating Value Liquids and gas monetization with LPG, LNG and Methanol Two Major Operated Projects Online Leveraging Infrastructure for Future…
Eastern Mediterranean World-class discoveries with world-class opportunities Over 40 Tcf Gross Resources Discovered Outstanding Operational Performance Cyprus from Tamar Averaging 750 MMcf/d since startup Growing Domestic and…
10 Tcf Tamar Field Supplying growing domestic and regional demand Outstanding Operational Performance Tamar Capacity Expansion Near 100% facility uptime MMcf/d 2,000 Current deliverability capacity of 1 Bcf/d gross Averaged 750…
22 Tcf Leviathan Development Continued momentum for monetization of gas Largest Natural Gas Discovery in the World in 2010 NBL operated, 40% WI Phase 1 Development With First Gas Late 2017 / Early 2018 1.6 Bcf/d FPSO Executing…
Exploration Track Record of Success Material driver to resource and production growth Discovered Over 3 BBoe Net MBoe/d Production From Discoveries Resources Since 2005 180 Created core areas in Douala and Levant basins 150…
2014 - 2015 Exploration Drilling Calendar Testing material opportunities in core and frontier areas Estimated Start Time 2014 2015 Area Prospect Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Deepwater GOM Katmai Discovery Additional GOM Prospects West…
Noble Energy Unique by Design Delivering a unique future 23 NBL
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