NOV Completion & KIRK SHELTON Production · PDF fileBurlington well CT and Agitator delivers fracking tools at 14,500 ... NOV Completion & Production Solutions | ©2014 NOV 22 Offshore

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©2014 NOV NOV Completion & Production Solutions | 1

KIRK SHELTONPresident, Completion & Production Solutions

Kirk joined NOV in 1989 as part of the first acquisition undertaken by the recentlymerged National Oilwell.

NOV Completion & Production SolutionsNOV Analyst Day

Kirk SheltonPresident, Completion & Production Solutions

NOVEMBER 19, 2014

Statements made in the course of this presentation that state the Company’s or management’s intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company’s actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements, including risk factors, is contained from time-to-time in the Company’s filings with the U.S. Securities and Exchange Commission. Any decision regarding the Company or its securities should be made upon careful consideration of not only the information here presented, but also other available information, including the information filed by the Company with the SEC. Copies of these filings may be obtained by contacting the Company or the SEC or through the Company’s website.

©2014 NOV 3

Who We Are

NOV Completion & Production Solutions |

NOV Completion & Production Solutions

$4.31B ONSHORE PRODUCTION

FY13 REVENUE

OFFSHORE PRODUCTIONINTERVENTION AND STIMULATION EQUIPMENT

©2014 NOV 4NOV Completion & Production Solutions |

©2014 NOV 5

Building Leadership the NOV Way


KEY PRODUCTS AND SERVICES

INTEGRATED PACKAGES

PRODUCTIVE SYSTEMS

TRANSFORMATIVE SOLUTIONS


REVENUE GROWTH OP GROWTH MARGIN IMPROVEMENT

120% 150% 250bps

KEY ASSUMPTIONS

EXPANSION OF NUMBER OF WELLS

HYDRAULICALLY FRACTURED

MODEST GLOBAL SHALE DEVELOPMENT

ORDERS FOR FPS IN ‘16

Expectations from 12/31/2013 through 2019NOV Completion & Production Solutions

©2014 NOV 7

Our People Make the Difference

NOV Completion & Production Solutions | ©2014 NOV 8

Offshore Production

FPSO FIXED PLATFORM

SPAR MOPU


Image courtesy of Williams

Global Unconventional Oil & Gas Fields

9NOV Completion & Production Solutions |©2014 NOV

Shales Tight SandsCoalbed Methane Source: PacWest Consulting Partners


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We extend longerBurlington well CT and Agitator delivers fracking tools at 14,500’

©2014 NOV 13

85%LOGGING

1000+PAST 5 YEARS

15KEACH UNIT

WIRELINE MARKET SEGMENT

NOV UNITS IN SERVICE PRESSURE CONTROL EQUIPMENT

NOV Completion & Production Solutions | 14

Well Test Site©2014 NOV NOV Completion & Production Solutions |

©2014 NOV

Supporting Unconventional EquipmentRepair, Refurbish, Recertification

NOV Completion & Production Solutions | 15

FRAC TREECOILEDTUBING

FLOWLINEPRESSURE CONTROL

5 YEARINTERVALS

6-12MINTERVALS

60-90DAYS

EVERYJOB

©2014 NOV 16

Global Manufacturing and Support


Well SiteWell Site


Production Well Site

©2014 NOV 17NOV Completion & Production Solutions | ©2014 NOV 18

Artificial Lift



Global OEM Aftermarket


©2014 NOV 21

171SALES OFFICES

89SERVICE

LOCATIONS

69STOCKING

POINTS

68MANUFACTURING

PLANTS

Global Infrastructure


Offshore Production

FPSO FIXED PLATFORM

SPAR MOPU





©2014 NOV 24©2014 2014 4 NOVOVOVVNOVNOVNOVNOVOVVV 2242422424424222244©2014 NOV 24NOV Completion & Production Solutions |


APL Turret


Deepest FPSO Mooring project in the world.8200ft

Cascade Field, GOM, USA


29 UnitsHarsh Environment 16 UnitsSE Asia 14 UnitsWest Africa 11 Units


FPSO MARKET EXPECTATIONS

45 37 70DELIVERED 2010 - 2014

CURRENTLY UNDER CONSTRUCTION

NEW POTENTIAL PROJECTS2015 - 2019


1Source: EY 2014, ‘Spotlight On Oil and Gas Mega Projects’; Projects over $1 billion2 Source: Douglas Westwood

GLOBAL UPSTREAM PROJECTS

64% 73% 30OVER BUDGET DELAYED LATE FPSOs

OUT OF 45

FPSO Supply Chain


©2014 NOV 31

Building Leadership the NOV Way

Key products and services

Integrated packages

Productive systems

Transformative solutions


Increase Scope

Increase Relevance

Build

Pull

©2014 NOV 33

Possibility to Transform

Drillship FPSO

Oil Co.

NOV

OwnerOperator/ Shipyards



REVENUE GROWTH OP GROWTH MARGIN IMPROVEMENT

120% 150% 250bps

KEY ASSUMPTIONS

EXPANSION OF NUMBER OF WELLS

HYDRAULICALLY FRACTURED

MODEST GLOBAL SHALE DEVELOPMENT

ORDERS FOR FPS IN ‘16

Expectations from 12/31/2013 through 2019NOV Completion & Production Solutions

©2014 NOV 36

NOV Completion & Production Solutions

We are the most diverse GLOBAL manufacturer of intervention and stimulation equipment and we leverage this position every day.

The NOV WAY provides significant growth opportunities for our onshore production equipment.

SUCCESS in the offshore production space is about so much more than FPSOs.



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NOV Completion & KIRK SHELTON Production · PDF fileBurlington well CT and Agitator delivers fracking tools at 14,500 ... NOV Completion & Production Solutions | ©2014 NOV 22 Offshore