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Howard Weil Conference – Hess Corp

Hess Corp · Mar 29, 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. Howard Weil Conference – Hess Corp – slide 1
    HOWARD WEIL ENERGY CONFERENCE MARCH 29, 2011
  2. Howard Weil 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. Howard Weil Conference – Hess Corp – slide 3
    E&P Goals and Strategy LONG-TERM GOAL Grow reserves and p production 3% per p year y Maintain R/P ratio of 10 STRATEGY Balanced approach to sustain profitable growth Deliver value from exploration Build global position in…
  4. Howard Weil 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 2010 Production, Mboe/d…
  5. Howard Weil Conference – Hess Corp – slide 5
    Global Reserves Base Proved Reserves (YE 10) Reserves and Reserve Life MMBOE MMBOE 1 800 1,800 1 800 1,800 12 Proved Reserves 1,600 1,600 10.1 9.9 R/P 9.5 9.5 10 9.3 1,400 Asia/Other 1,400 8.8 Gas 1,200 1,200 8 Africa 1,000 1,000…
  6. Howard Weil 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 2010 2005 2006 2007 2008 2009 2010 6
  7. Howard Weil Conference – Hess Corp – slide 7
    North Dakota Bakken Shale Canada Hess 67% H 67% WW.I., I operator t z Nesson Anticline Avalanche Net production 40 MBOED in 2011 Tioga Gas 900,000 net acres Plant 18 rig ig program g planned l d for f 2011 Impact Tioga…
  8. Howard Weil Conference – Hess Corp – slide 8
    Norwegian North Sea Valhall Field Hess 64% W. I. Net p production 30 MBOED in 2011 Hess working with Operator BP to maximize production rates and recovery Plan to drill 30 wells over next 5 years Goal is to reach production…
  9. Howard Weil 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. Howard Weil Conference – Hess Corp – slide 10
    Equatorial Guinea Block G Hess 85% W.I., operator Net production 60 MBOED in 2011 Strong operational and reservoir performance Okume O Oveng TLP E Okume Complex Additional drilling TLP F Sat A opportunities to extend C…
  11. Howard Weil Conference – Hess Corp – slide 11
    Deepwater Gulf of Mexico - Shenzi Field Hess 28% W.I. 20 MBOED net production in 2011 Preparing to resume drilling of suspended production d i wellll CONGER ENCHILADA PENN STATE TUBULAR BELLS NORTHWESTERN PONY…
  12. Howard Weil 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. Howard Weil Conference – Hess Corp – slide 13
    US Gulf Of Mexico Pony Prospect Pony No. 2 Pony No. 2 ST Hess 100% W.I., W I operator 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…
  14. Howard Weil Conference – Hess Corp – slide 14
    Australia Exploration & Appraisal North West Shelf, Australia WA-390-P Hess 100% W.I., operator Wheatstone Completed 16 committed 6 TCF Pluto exploration wells 5 TCF C 13 natural t lg gas Scarborough 10 TCF ( discoveries…
  15. Howard Weil Conference – Hess Corp – slide 15
    Ghana Tano Cape Three Points COTE DIVOIRE GHANA Hess 100% W.I., operator Water depth: 6,200 6 200 ft Well location changed to Paradise from Kola Tweneboa Odum Targeting Upper Cretaceous aged clastic Jubilee Field Kola…
  16. Howard Weil Conference – Hess Corp – slide 16
    Indonesia Deepwater Semai V Block Tangguh LNG LNG Plant Indonesia West Papua Hess 100% W. I., operator Water W depth: d h 6,400 6 400 fft Banda Sea Andalan Gross resource range 5 - 15 TCF Large 4-way structure 60 Km…
  17. Howard Weil Conference – Hess Corp – slide 17
    Brunei Block CA-1 Hess 13.5% W.I. Total (54% W.I.) is operator Block Water W t depth: d th 4,400 4 400 ft CA-1 Targets are Upper Miocene and Lower Pliocene clastic reservoirs i Prospects offset Kikeh and Gumusut Fields Plan…
  18. Howard Weil Conference – Hess Corp – slide 18
    Hess Unconventionals Strategy Build Global Leverage Portfolio Capability Develop Increase growth opportunities Bakken Leverage Bakken Diversify portfolio capability to access Expand and high grade other plays Be recognized as…
  19. Howard Weil 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. Howard Weil Conference – Hess Corp – slide 20
    Marketing and Refining Refinery NY Terminal Marketing MA Strategic Objectives PA MD DE NJ 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. Howard Weil Conference – Hess Corp – slide 21
    Industry Leading Performance Per Site Averages Fuel Volume (Mg/Mo) 250 200 215 204 208 20 207 201 199 150 100 50 0 05 06 07 08 09 10 C-Store Sales (M/Mo) 130 130 125 110 116 118 115 114 90 70 50 05 06…
  22. Howard Weil Conference – Hess Corp – slide 22
    Energy Marketing Strong brand and reputation Selective growth 22,000 22 000 Commercial / Industrial customers Fuel Oil Sales: 110 MB/D Natural Gas Sales: 1.5 BCF/D Electric Sales: 4,500 MW (RTC) Energy Marketing Volumes: 2005 -…
  23. Howard Weil Conference – Hess Corp – slide 23
    Hovensa Refinery 50/50 JV formed in 1998 by Hess and PDVSA Capacity Crude Crude 350 MB/D FCC 150 MB/D Coker C k 58 MB/D 1Q11 Refinery Reconfiguration Higher margin product mix Improved reliabilityy Lower operating costs 23
  24. Howard Weil Conference – Hess Corp – slide 24
    Summary Balanced global portfolio Production growth captured Exciting exploration prospects Building unconventional resources Proven management team 24
  25. Howard Weil Conference – Hess Corp – slide 25

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