2012: Refocusing our Business Back to the Basics Streamlining the business Strengthening balance sheet and financial flexibility Drilling Ahead Instituting new strategic direction Enhancing operational excellence Driving…
Back to the Basics Streamlining the Business Restoring financial flexibility Non-core asset sales E&P assets GOM barge rigs Peak Oilfield Services Debt buyback Refinanced high-cost debt Stock buyback of 250mm Dividend instituted…
Back to the Basics Streamlining the Business Benefits from NCPS and C&J Energy Merger Retain 53% equity interest in combined entity Create critical mass with capable management Capitalize on technology and increased scale Facilitate…
Drilling Ahead 7
Drilling Ahead Largest and Most Advanced Land Driller Total Marketable Drilling Fleet of 545 Rigs 501 Land Drilling Rigs Largest International Land Driller (135 total rigs) Largest North American Land Driller (366 total rigs) 44…
Drilling Ahead Unmatched Global Position & Opportunity Set Global footprint with leading position in attractive markets with high-margins Equivalent L48 3Q14 Rig Years Rig Count* US Lower 48 202.4 202.4 International 130.1 197.1…
Drilling Ahead Unmatched Global Position & Opportunity Set Established infrastructure in 20+ countries Contractor of choice for the most challenging drilling projects Saudi deep gas PNG Exxon project Deepwater platforms Alaska…
Drilling Ahead Project Xcellence ROCE and Performance Improvement Opportunities Near-term 7-Point Improvement in PACE-X ROCE Growing the Numerator Value Pricing and Pricing Discipline Operating Expenses Improving the Denominator…
Drilling Ahead: 2014 vs 2008 Multiple High Impact Deployments in Near-Term Date Country/Type Awards Deployed 2012 U.S. PACE-X 17 17 1Q13 U.S. PACE-X 2 2 U.S. PACE-X 2 2 Argentina 6 6 2Q13 Kurdistan 2 2 Kazakhstan 1 1 U.S. PACE-X…
Drilling Ahead Leverage from New Rigs Growing Accretion through Mix Shift to High-spec Rigs Average Daily Rig Margin by Rig Type 3.5x 3.0x 2.5x 2.0x 1.5x 1.0x 0.5x 0.0x Legacy Other AC International PACE-X + B Alaska +…
Drilling Ahead: 2014 vs 2008 Better Positioned for Market Cycles US Drilling Largest walking rig fleet best positioned for pad drilling 2008: 25% of working fleet AC rigs; 2014: 75% AC rigs Higher activity and margins in Alaska…
Drilling Ahead Next 5 Years Proprietary Market Survey Conducted by 3rd Party Firm Interviews with 60 Oil & Gas Operators 40 North America based majors to mid-cap E&Ps 20 International NOCs and IOCs International 1 in drilling…
Drilling Ahead Next 5 Years Nabors Global Market Study International Summary Nabors holds prime slot in two markets with the highest expected five-year growth Nabors is a leader in the high value/high growth Saudi Arabia and Latin…
Drilling Ahead Next 5 Years Nabors Global Market Study North America Summary 2-4% - projected NAM total rig demand CAGR 5-7% - projected High Spec rig demand CAGR 10-12% - projected Ultra High Spec rig demand CAGR Accelerating…
Drilling Ahead The PACE-X Difference Outperforming Competitors Offerings Haynesville 3 PACE-X rigs have reduced drilling times by 25% and customer well costs by 20% Bakken PACE-X rigs are averaging shorter cycle times and more feet…
Summary Why Nabors Largest pure-play global driller Largest exposure to the most resilient markets Asset base best positioned for growth in both international and domestic markets Impactful near-term deployments buffer potential…
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