Energizing the World, Bettering Peoples Lives Johnson Rice Energy Conference September 2014
Noble Energy Execution delivering a unique future Production, Reserves and Cash Flow Expected to More than Double by 2018 Proved Reserves and Discovered Unbooked Resources Fueling Growth Diversified Portfolio Provides Exceptional…
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% 525 18% CAGR 19% 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 Deepwater - GOM, Eastern Mediterranean and West Africa Best-in-class Project Execution Visible…
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 Preparing and Investing for Future Growth Accelerating U.S. onshore…
Core US Onshore Horizontal Production Track record of continued growth Horizontal Volume Growth Substantial Increases in Both DJ MBoe/d 125 Basin and Marcellus 40 MBoe/d increase over last year More than 75 MBoe/d increase from 2Q…
DJ Basin 2014 Operations Unlocking significant long-term growth for NBL Producing Over 100 MBoe/d WY NE Operating 10 drilling rigs CO CO N Colorado Five-year production CAGR 23% (2013-2018) Strong Well Performance in All IDPs…
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 Lateral EUR D&C BT ROR BT NPV10 Lateral Type Length…
DJ Basin Downspacing Program Maximizing value through optimal spacing plan WY NE Confirmed Minimum 16 Wells per Section in Oil Window East Pony More than 9,500 well locations Greeley Crescent 30 to 40 Percent of 2014 Program…
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 Initial Plug-n-Perf Wells Outperforming by More Than 50% 45…
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 Only 25% Developed WV Well Performance Driving Increased OH EURs Flatter declines on legacy wells 7,000 foot lateral well projected recovery of…
Marcellus Performance Upside Potential to increase resources and type curves Positive Results from Enhanced WFN6 Pad in Majorsville* Mcf/Lat. Ft. Completion Designs 140 Reduced stage and cluster spacing (RSCS) 120 average initial…
Deepwater Gulf of Mexico Sustained value creation with visibility to significant growth Proven Track Record of Success Production and Cash Flow to NBL Interests Producing Louisiana Swordfish Double in Next Few Years Discovery 85%…
Rio Grande Development High-margin, near-term development Gross Resources of 140 240 NBL Interests Infrastructure Discovery MMBoe Dantzler appraisal success increased Big Bend gross resources for development 54% WI Troubadour…
Deepwater Gulf of Mexico Katmai Discovery Commercial discovery with upside 2014 Exploration Discovery Encountered 154 Feet of Net Oil Pay Middle and Lower Miocene reservoirs Katmai Gross Resources of 40 100 MMBoe Tarantula…
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 Discovered Cyprus Cyprus Outstanding Operational 70% WI 70% WI Performance from Tamar Tamar Averaging 750 MMcf/d since startup 36%…
10 Tcf Tamar Field Supplying growing domestic and regional demand Outstanding Operational Tamar Capacity Expansion MMcf/d Performance 2,000 Current capacity of 1 Bcf/d gross Averaged 750 MMcf/d since startup 1,500 200 MMcf/d AOT…
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 capacity…
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 150 basins 120…
Deepwater Gulf of Mexico Madison Prospect Additional potential in proven Miocene trend Louisiana Mississippi Canyon 479 Swordfish WI 60%, NRI 50% Raton / Well Summary Raton South NBL Interests Water depth: 7,149 ft. Madison…
Noble Energy Unique by Design Delivering a unique future 23 NBL