Agenda 1. Archer, the well company 2. Market spotlight, US land 3. Recent acquisitions, Great White Energy 4. Financial performance 5. Growth strategy Archer - Pareto conference Sep 2011 3
Archer The well company Archer - Pareto conference Sep 2011 4
The well company Delivering better wells to help our customers produce more oil and gas. Craftsmanship Specialization Innovation People Services Technology Archer - Pareto conference Sep 2011 5
A complete service offering focused on the well Drilling services Well services Well delivery Well performance Engineering Platform drilling; Land drilling Well intervention Modular rigs; Catwalk systems Electric line; Slick line;…
Expanding global footprint Bergen Aberdeen Stavanger Michigan Pennsylvania Newcastle Esbjerg North Dakota West Virginia London Wyoming Arkansas Colorado Mississippi Beijing Oklahoma Louisiana New Mexico Texas Al Khobar Abu…
Management experience, breadth and depth Over 1,000* years industry experience, 37 oil service cos, 22 sectors *CEO, CEO-1, CEO-2 and CEO-3 Archer - Pareto conference Sep 2011 8
Our scale and reach 90 global locations 134 Wireline trucks 33 Offshore WL units 24 Coiled tubing units 23 Snubbing units 77 land rigs 8,400 employees 20 Nitrogen units 100,000 HHP capacity 35 platforms Archer - Pareto…
Fast integration of acquired companies QHSE Customer System Focus Synergies Organisation Finance Archer - Pareto conference Sep 2011 10
Integrating and creating the Archer culture Safety first Customer focus Contribution of employees Operational excellence Teamwork Innovation Deliver what we promise Archer - Pareto conference Sep 2011 11
Market spotlight US land The oil industry has been reinvented in the US land market with oil shale horizontal wells creating a new boom in oilfield services Archer - Pareto conference Sep 2011 12
Shift from gas to oil 2009 to 2011 218% increase in oil drilling Source Smith, Rig Data, Archer. 2012 and 2013 forecast is P50 case. Archer - Pareto conference Sep 2011 13
Shift to horizontal drilling 2009 to 2011 117% increase in horizontal drilling Source Smith, Rig Data, Archer. 2012 and 2013 forecast is P50 case. Archer - Pareto conference Sep 2011 14
Significant increase in horizontal fracturing stages 2008 to 2011 32x increase in horizontal oil fracturing stages Source Smith, Rig Data, Archer. 2012 and 2013 forecast is P50 case. Archer - Pareto conference Sep 2011…
US land pointers Industry response to oil vs. gas price differentials has been to leverage well completion techniques developed for horizontal gas wells to liquids-rich and oil plays leading to a significant increase in well service…
Recent acquisitions Great White Energy Archers entry in to fracturing services Archer - Pareto conference Sep 2011 17
Great White Energy The deal The reasoning Purchased from Wexford Capital Complementary to existing LP, closed 24th August 2011 portfolio, strengthening our ability to deliver coiled tubing and directional drilling services 630…
Main service lines and equipment of Great White Coiled tubing Nitrogen services Snubbing Units 12 Units 16 Units 24 Age eqt. < 3 years Age eqt. < 4 years Age eqt < 4 years Pressure pumping Directional drilling Horsepower 108,000…
Growth strategy Organic growth Acquisitive growth Realizing synergies Geographical Fit-for-purpose Expansion through and offering more expansion of technology local, or services at existing existing technology acquisitions regional…
Room for growth Archer operating divisions (oil service sectors) and countries of operation Archer - Pareto conference Sep 2011 26
Tangible integration pull-through Pull-through Well intervention Pull-through Integrity diagnostics Directional drilling Pull-through Land drilling Gray Wireline Integrity diagnostics Contract 4 million Rig Inspection…
Technology available through global footprint EmeraldTM MODU TriTrakTM motors SPACETM VMBTM plug CflexTM TorqueMasterTM TASKTM Point Well delivery Well performance Archer - Pareto conference Sep 2011 28
Enablers for growth Specialisation in wells Market focus Craftsmanship & Service portfolio Experience 5 billion Technology Global footprint by 2015 Size Financial strength Industry challenges Proven track record Archer -…
Concluding remarks Demand for Archers services continues to grow as the number of wells needed to maintain the worlds demand for hydrocarbons increases rapidly and oil fields get older USA is a new key market for oilfield…
Delivering better wells to help our customers produce more oil and gas. Thank you archerwell.com Archer - Pareto conference Sep 2011 31
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