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BAML Global Energy Conference – Hess Corp

Hess Corp · Nov 11, 2011 · 25 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. BAML Global Energy Conference – Hess Corp – slide 1
    BANK OF AMERICA MERRILL LYNCH GLOBAL ENERGY CONFERENCE NOVEMBER 11, 2010
  2. BAML Global Energy Conference – Hess Corp – slide 2
    Strategy CORPORATE Grow the company long term through Exploration and Production Operate Marketing and Refining for near term returns and cash flow EXPLORATION AND PRODUCTION Leverage global scale to access new opportunities Deliver…
  3. BAML Global Energy Conference – Hess Corp – slide 3
    E&P Goals and Strategy LONG-TERM GOAL z Grow reserves and p production 3% per p year y z Maintain R/P ratio of 10 STRATEGY z Balanced approach to sustain profitable growth z Deliver value from exploration z Build global position…
  4. BAML Global Energy Conference – Hess Corp – slide 4
    Global Production Portfolio B l Beryl Schiehallion Valhall Samara-Nafta South Bakken Arne ACG Seminole Shenzi GEA Sinphuhorm Waha Llano Conger Pailin Okume / Ceiba JDA Natuna A Pangkah YTD Sep. 2010 Production,…
  5. BAML Global Energy Conference – Hess Corp – slide 5
    Global Reserves Base Proved Reserves (YE 09) Reserves and Reserve Life MMBOE MMBOE 1 600 1,600 1 600 1,600 12 Proved Reserves 1,400 1,400 10.1 R/P 9.5 9.5 10 9.3 A O 8.8 1,200 , G 1,200 , 8 1,000 1,000 A 800 800 6 600 600 O…
  6. BAML Global Energy Conference – Hess Corp – slide 6
    Strong Track Record of Growth Production Proved Reserves MBOED MMBOE 450 1600 400 1400 +5% CAGR +7% CAGR 350 1200 300 1000 250 800 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 6
  7. BAML Global Energy Conference – Hess Corp – slide 7
    North Dakota Bakken Shale Hess 80% W.I., operator 500,000 net acres Canada Nesson Anticline Avalanche Newburg (east of map) q Acquisition of American Oil & Gas will add 85,000 net acres 3Q10 net production 16 MBOED Tioga Gas…
  8. BAML Global Energy Conference – Hess Corp – slide 8
    Norwegian North Sea Valhall Field z Hess 64% W. I. (post transactions) z Net production 19 MBOED in 2010, increasing to 30 MBOED in 2011 z Hess will work with Operator BP to maximize production rates and recoveryy z Plan to…
  9. BAML Global Energy Conference – Hess Corp – slide 9
    Malaysia-Thailand JDA Hess 50% W.I. Net production 250 MMSCFD Bangkok Low Lo cost, cost long lived li ed natural gas asset Cambodia Vietnam PSC through 2029 Erawan PM301 pprovides growth g Gulf of Thailand…
  10. BAML Global Energy Conference – Hess Corp – slide 10
    Equatorial Guinea Block G z Hess 85% W.I., operator z Net production averaging 65 MBOED z Strong operational and reservoir performance Okume O Oveng TLP E Okume Complex z Additional drilling TLP F Sat A opportunities to…
  11. BAML Global Energy Conference – Hess Corp – slide 11
    Deepwater Gulf of Mexico - Shenzi Field z Hess 28% W.I. z 30 MBOED net production z Pursuing water injection and additional drilling opportunities ii CONGER ENCHILADA PENN STATE TUBULAR BELLS NORTHWESTERN PONY…
  12. BAML Global Energy Conference – Hess Corp – slide 12
    Hess Global Exploration Strategy Deliver value and secure long term growth from global portfolio Tactics Focus on the best basins Pursue high impact exploration prospects Build global portfolio of unconventional resources BASIN…
  13. BAML Global Energy Conference – Hess Corp – slide 13
    US Gulf Of Mexico Pony Prospect Pony No. 2 Pony No. 2 ST Hess 100% W.I. WI Salt Water Depth: 3,500 ft Pony No. 1 ST 200 200 MMBOE nett resource Pony No. 3 (GC 469) Applied for permits to Pony No. 1 resume drilling Pony…
  14. BAML Global Energy Conference – Hess Corp – slide 14
    Australia Exploration & Appraisal North West Shelf, Australia WA-390-P Wheatstone 6 TCF Hess 100% W W.I. I operator Pluto 5 TCF Completed 16 committed exploration wells ( 13 natural gas Greater Gorgon Area ( ( ( ( (…
  15. BAML Global Energy Conference – Hess Corp – slide 15
    Brazil Santos Basin Exploration Program BRAZIL BM-S-22 Hess 40% WI RIO DE JANEIRO Water depth: 7,300 ft. Sub-salt; cretaceous carbonate Notice of Discovery P Paraty t Iara ssubmitted bmitted for A Azulo; lo not Carioca…
  16. BAML Global Energy Conference – Hess Corp – slide 16
    Ghana Tano Cape Three Points COTE DIVOIRE GHANA Hess 100% W.I. Water depth: 6,400 ft Significant frontier Odum acreage position Tweneboa Jubilee Field Stacked cretaceous submarine channel complexes Kola 50 Km Plan to drill…
  17. BAML Global Energy Conference – Hess Corp – slide 17
    Indonesia Deepwater Semai V Block Tangguh LNG LNG Plant Indonesia West Papua Hess 100% W. I. Water W t d depth: th 66,000 000 ft Banda Sea Andalan Gross resource range 5 - 15 TCF Large 4-way structure 60 Km Semai V…
  18. BAML Global Energy Conference – Hess Corp – slide 18
    Hess Unconventionals Strategy Build Global Leverage Portfolio Capability Develop z Increase growth opportunities Bakken z Leverage Bakken z Diversify portfolio capability to access z Expand and high grade other plays z Be…
  19. BAML Global Energy Conference – Hess Corp – slide 19
    France - Paris Basin Hess has option to earn 50% W.I. and operate Bakken shale analogue with 1 million gross acres Early capture of potentially Paris Basin material unconventional shale oil opportunity Paris Exploration phase…
  20. BAML Global Energy Conference – Hess Corp – slide 20
    Marketing and Refining Refinery NY Terminal Marketing MA Strategic Objectives PA NJ MD DE Port Reading Strengthen Hess brand VA VA on East Coast NC NC SC SC Maximize free cash flow GA from refining assets FL 1,475 Miles…
  21. BAML Global Energy Conference – Hess Corp – slide 21
    Industry Leading Performance Per Site Averages 250 Fuel Volume (Mg/Mo) 200 208 215 204 207 191 201 150 100 50 0 04 05 06 07 08 09 125 C-Store Sales (M/Mo) 125 116 118 113 114 115 100 75 50 04 05 06 07…
  22. BAML Global Energy Conference – Hess Corp – slide 22
    Energy Marketing Strong brand and reputation Selective growth More M than th 22 22,000 000 customers t Fuel Oil Sales: 110 MB/D Natural Gas Sales: 1.5 BCF/D Electric Sales: 4,500 MW (RTC) Energy Marketing Volumes: 2005 - 2009…
  23. BAML Global Energy Conference – Hess Corp – slide 23
    Hovensa Refinery 50/50 JV formed in 1998 by Hess and PDVSA Capacity Crude 500 MB/D / FCC 150 MB/D Coker 58 MB/D World Class Merchant Refinery Competitive geographic position Economies of scale Long term PDVSA crude supply 23
  24. BAML Global Energy Conference – Hess Corp – slide 24
    Summary Balanced global portfolio Production growth captured Exciting exploration prospects Building unconventional resources Proven management team 24
  25. BAML Global Energy Conference – Hess Corp – slide 25

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