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2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp

Anadarko Petroleum Corp · May 15, 2013 · 46 slides

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Slides

  1. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 1
    A N A D A R K O P E T R O L E U M C O R P O R AT I O N INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Brian Kuck Manager 832/636-1397 Bill Tedesco Manager 832/636-3375 Ernie Leyendecker…
  2. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 2
    Anadarkos Competitive Advantage 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…
  3. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 3
    A Portfolio with 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…
  4. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 4
    Anadarko Delivered Outstanding Results in 2012 Predictable, Repeatable Growth 268 MMBOE Sales Volumes: 8% YOY Growth 434 MMBOE Reserve Adds for 14.65/BOE* Efficiency Improvements 28% YOY U.S. Onshore Drilling-Efficiency Improvement…
  5. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 5
    Anadarko is Positioned to Deliver in 2013 Sales Volumes (MMBOE)* 279 - 287 Capital (Billions)** 7.2 - 7.6 Reserve Replacement 150+% F&D 15/BOE Demonstrated Liquids Growth 2013 Capital Allocation by Area 10% Liquids CAGR 350 60%…
  6. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 6
    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 Sustained 4.50+ Natural Gas…
  7. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 7
    U.S. Onshore: Accelerating Value and Enhancing Margins 10% Sales-Volume Growth to 12/BOE Reserve-Replacement Cost 570,000 BOE/d 35% Growth in Oil Volumes Wedge Volumes Added at 35,000 per Flowing BOE/d Allocating Capital to…
  8. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 8
    Wattenberg: 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 Completions…
  9. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 9
    Wattenberg: Expanding Infrastructure Advantage 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…
  10. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 10
    Eagleford: Delivering Significant Growth 400,000 Gross Acres 600,000 BOE EUR per Well 200,000 Net Acres 2,500+ Identified Drill Sites 65% Liquids Composition Large-Scale Infrastructure Additions 200 MMcf/d Brasada Plant Expected…
  11. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 11
    Mega Projects: 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…
  12. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 12
    Gulf of Mexico: Enhancing High-Margin Oil Projects Caesar/Tonga Heidelberg 200 - 400 MMBOE Resource 200 - 400 MMBOE Resource Shenandoah Basin Emerging Development Area 1 Billion Capital Avoided by Expected Capital Carried through…
  13. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 13
    Ghana and Algeria: High-Margin Oil Producers Ghana Algeria Jubilee: Producing 110,000 BOPD 1.7 Billion Barrels of Gross Oil Produced TEN: Second Major Oil Development to Date Enhanced Value from TPE Resolution El Merk Achieved First…
  14. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 14
    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 SIGNED HOA WITH AREA-4 OPERATOR…
  15. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 15
    Exploration: Focusing on Play-Opening Opportunities Leveraging Exploration Success 2013 Net Discovered Resources Target: 800+ MMBOE Testing New Plays Expanding the Portfolio 25 Deepwater Exploration/Appraisal Wells North Africa…
  16. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 16
    Mozambique: Focusing on Upside Potential 6 MM Gross Acres Exploring Full Stratigraphic Column Low-Dip Stratigraphic and Moreia Structural Traps Linguado A 2013 Planned Activity Espadarte 4 - 5 Exploration Wells MOZAMBIQUE 2 - 3…
  17. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 17
    Kenya: Testing a New Deepwater Basin 6 MM Gross Acres KENYA Potential for Oil Very Large Traps Significant Follow-On Prospects L-11A Farm-Out Recovered Historical Costs Partial Drilling Carry Kiboko A KIBOKO-1 A A A Upper…
  18. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 18
    Gulf of Mexico: Expanding Success GULF OF MEXICO Outstanding Success in Shenandoah Basin Phobos Discovery 3MM Gross Acres Drilling First Norphlet Test at Raptor Raptor 50% WI Haleakala Norphlet 67% WI Miocene Stromboli…
  19. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 19
    Exploration: Creating Unmatched Value and 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…
  20. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 20
    Exercising Financial Discipline 3.7 Billion of Cash on Hand as of 1Q13 2013 Capital Investments within Cash Flow Cash Flow Protected with Tactical Hedges Planned and Opportunistic Monetizations 1.2+ Billion of Monetizations in…
  21. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 21
    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…
  22. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 22
    www.anadarko.com NYSE: APC www.anadarko.com NYSE: APC ANADARKO 23
  23. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 23
    WES/WGP: 9+ Billion Value for Anadarko 2.5 Billion Cash Returned to Anadarko by WES to Date WGP Market Value of 7.7 Billion (04/30/13) Anadarkos 91% Ownership Worth 7.1 Billion +/- 1 Per Share Equals 200 Million Value Change to…
  24. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 24
    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…
  25. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 25
    Industry-Leading Project Management Cost-Schedule Trade-off: APC is Faster and Lower Cost Consistent, On-Time, On-Budget Delivery Fast/High-cost Fast/Low-cost Schedule Performance 2008 2007 2009 Leverage Key Contractors…
  26. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 26
    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…
  27. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 27
    Shenandoah Basin: Potential Trifecta in Progress Shenandoah Excellent Reservoir Quality WESTERN GOM DEEP Shenandoah Potential Giant Field Permeability Log Depth(ft) 28100 Shenandoah-1 Anadarko 608124003402 Encountered…
  28. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 28
    Phobos Discovery Future Export 250 Net Feet of Oil Pay Lines Future Facility 793 794 Carried on Exploration Well 874 875 876 877 Lucius Unit Plan to Leverage Infrastructure 28% WI 920 918 919 Marcus 50% WI Hadrian…
  29. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 29
    Raptor: Our First Norphlet Test MISSISSIPPI CANYON DE SOTO CANYON Shiloh Large, 4-Way Structure Industry Norphlet Antietam Discoveries Jurassic Aeolian Norphlet Sand A On Trend with Industry Discoveries Vicksburg Appomattox…
  30. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 30
    Deep Nansen: Underlying an Existing Oil Field PROPOSED WELL LOCATION A A Large, 4-Way Structure Prolific, Oil-Prone Area Leverage Existing Infrastructure Significant Running Room Nansen Boomvang Area, Wilcox Play A Nansen…
  31. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 31
    West Africa: Commercializing the Cretaceous Trend 2013 Planned Activity 5 MM Gross Acres SIERRA Ghana LEONE Complete Exploration and Appraisal Program in 2013 LIBERIA CTE DIVOIRE GHANA Cte dIvoire Ghana Discoveries Appraise Paon…
  32. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 32
    China: Looking Forward to Well Results 2 MM Gross Acres CHINA Liwan 21-1 64,000-Acre, 4-Way Structure Multi-Level Amplitude and AVO Supported Drill Exploration Well in 2013 Significant Follow-On Prospects Liuhua 29-1…
  33. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 33
    New Zealand: Frontier Deepwater Exploration 10 MM Gross Acres Rig Secured to Drill Prospects in 2013/2014 Canterbury Basin Taranaki Basin 50% Operated WI in 4 MM Acres Romney NEW ZEALAND 50% WI Taranaki Basin 50% Operated WI in 4…
  34. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 34
    Colombia and Guyana: Exciting New Opportunity Set Anadarko WI Block 8 MM Gross Acres Prospect Colombia Proposed 3D Large, Untested Basin with Known Oil- PSDM Reprocessing Prone Source Rock Basin-Floor Fans Similar to Mozambique…
  35. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 35
    South Africa: Extending the Cretaceous Fan Play 23 MM Gross Acres Multiple Play Types Identified Indication of Active Petroleum System SOUTH AFRICA 2D Seismic Program Completed 6,000 Kilometers SOUTHERN AFRICA 0 100 OA-1…
  36. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 36
    East Texas: Higher EURs and Lower Costs Drive Returns 165,000 Net Acres Revitalizing an Established Field 450 MMBOE Net Resource APC Acreage Increased EURs to 1,200 MBOE per Well 450+ Drill Sites Harrison High-Quality Reservoirs…
  37. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 37
    Permian: Higher-Margin Liquids Optionality APC Acreage Farm-In Acreage 200 - 500+ MMBOE Net Resources 400+ MBOE EUR per Well Avalon Core Area 1,000+ Avalon Drill Sites New Mexico 180,000 Gross Acres 200 Bone Spring Drill Sites…
  38. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 38
    Marcellus: High Grading to Maximize Returns 760,000 Gross Acres Dry Gas Asset Delivering 30+% ROR at 260,000 Net Acres Current Prices New York 8+ Bcf EUR per Well Pennsylvania 1,100+ High-Graded Operated Drill Sites Non-Operated…
  39. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 39
    Greater Natural Buttes: High-Graded Drilling Program 189,000 Net Acres 8,000+ Identified Drill Sites High Grading Drilling Activity Uintah County Improving Well Recoveries Vernal Enhanced with Deeper Black Hawk Low Well Costs…
  40. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 40
    Rockies: Option Value on 15,000+ Additional Drill Sites POWDER RIVER CBM ENHANCED OIL RECOVERY 1Q13 Sales Volumes 4.0 MMBOE 1Q13 Sales Volumes 0.9 MMBO Drill Sites 3,000 Liquids Composition 100% POWDER RIVER OIL EXPLORATION…
  41. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 41
    Wattenberg HZ: Line of Sight to 15+ Billion of Value Wattenberg HZ Type Curve Wattenberg HZ Type Well (96% WI, 88% NRI) 800 350 MBOE EUR 50% Oil, 20% NGLs, 30% Gas 600 4.3 Million Well Cost BOE/d Net: 6.7 Million BTAX NPV…
  42. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 42
    Eagleford: Line of Sight to 5+ Billion of Value Eagleford Type Well Eagleford Type Curve (47% WI, 35% NRI) 700 600 MBOE EUR 600 40% Oil, 25% NGLs, 35% Gas 500 5.8 Million Well Cost Gross (BOE/d) 400 Net: 2.7 Million BTAX…
  43. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 43
    East Texas: Line of Sight to 1.5 Billion of Value East Texas Type Well 1,600 East Texas Type Curve (83% WI, 71% NRI) 1,400 1,200 MBOE EUR 1,200 5% Oil, 25% NGLs, 70% Gas Gross (BOE/d) 1,000 7.4 Million Well Cost Net: 4.5…
  44. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 44
    Permian: Line of Sight to 1+ Billion of Value Avalon Type Well 2013 Planned Activity (50% WI, 38% NRI) Drill 70+ Wells 1,200 430 MBOE EUR Avalon Type Curve 1,000 20% Oil, 40% NGLs, 40% Gas Gross (BOE/d) 800 4.5 Million Well…
  45. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 45
    Greater Natural Buttes: High-Graded Drilling Program GNB Type Well Greater Natural Buttes Type Curve 500 (99.6% WI, 81.5% NRI) 340 MBOE Gross EUR 400 25% Liquids, 75% Gas 1.3 Million Well Cost 300 Gross (BOE/d) Net: 0.8…
  46. 2013 Citigroup Global Energy & Utilities Conference – Anadarko Petroleum Corp – slide 46
    Marcellus: High Grading to Maximize Returns Marcellus Operated Type Well 7,000 Marcellus Operated Type Curve (34% WI, 29% NRI) 6,000 8 Bcf EUR 100% Gas 5,000 5.9 Million Well Cost Gross (Mcf/d) 4,000 Net: 1.0 Million BTAX…

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