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Argentina Matthew C Fling Account Manager – IOC’s 7/31/14
Argentina
Matthew C Fling
Account Manager – IOC’s
7/31/14
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Agenda
▌ HSE & Service Quality
▌ Country Overview
Product Lines / External Challenges
▌ Why Argentina?
Unconventionals / Mature Fields
▌ Halliburton Argentina (Investments)
Capital / Personnel / Technology
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HSE &
Service Quality
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This material is subject to the terms of the service agreement between Madalena Energy and Halliburton.
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Halliburton Global Safety Performance
Data as of 10 Feb 2013
0
1
2
3
4
5
6
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Rig
Co
un
t
To
tal R
ec
ord
ab
le In
jury
Rate
Worldwide
Rig Count
Halliburton
Global TRIR
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Country Overview
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Country Overview: Product Lines
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Country Overview: External Challenges
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Unconventional Shale
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17
Unconventional Shale: Flow of Hydrocarbons
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This material is subject to the terms of the service agreement between Madalena Energy and Halliburton.
Unconventional Shale: Well Production – 2007 to 2012
-
2,000
4,000
6,000
8,000
10,000
12,000
2007 2008 2009 2010 2011 2012
Source: Energy Information Association
BC
F
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-10%
-5%
0%
5%
10%
15%
Average NA
Independents
Cost of Capital
North American Independent
Operators
Return on Capital Employed
EOY 2013
Sources: Thomson One, NYC Stern School of Business, Internal Analysis
Unconventional Shale: Well Production – 2007 to 2012
Scale is not enough!
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Unconventional Gas (Tcf)
Conventional Gas (Tcf)
15,500
22,200
Source: U.S. Energy Information Administration (EIA)
Added
170 Years in
Reserves
60%
Unconventionals
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Unconventional Shale: Gas Reserves
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Source: ARI, Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment
of 137 Shale Formations in 41 Countries Outside the United States - June 2013
Technically Recoverable Shale Gas (Trillion Cubic Feet)
Unconventional Shale Basins
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1161 1115
802
707
573 545
437 390
285 245
167 148
U.S.A. China Argentina Algeria Canada Mexico Australia South Africa Russia Brazil Venezuela Poland
Unconventional Shale: Global Potential
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Unconventional Shale: Pace of Shale Development
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Unconventional Shale: # of Shale Articles per Year
0
100
200
300
400
500
600
700
800
900
1,000
1979 1986 1993 2000 2007
50%
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Unconventional Shale: Additional Items
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Mature Fields
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Mature Fields: Facts
Recovery factor increase needed
for additional two-year global
oil and gas supply
Average worldwide
recovery factor
for oil
Amount of worldwide
oil & gas production
from mature fields
1% 35% 70%
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Mature Fields: Untapped Opportunity
Primary Recovery Secondary Recovery Improved Recovery Enhanced Oil Recovery
1950 1960 1970 1980 1990 2000 2010 2020 2030
Thousand B
arr
els
per
Day
10
20
30
40
50
Mature Field
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Immediate Impact
Interventions
Optimized Reservoir
Management
New Pay
Zones
Mature Fields: Halliburton Investment
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Halliburton
Argentina?
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Halliburton Argentina: Investment in Capital
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Competitor 1 Competitor 2 Competitor 3 Competitor 4 Competitor 5 Competitor 6 Halliburton Co.
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2012 2013 2014 2015
Halliburton Argentina: Investment in Personnel
25 % 2010 - 2012
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2009 2010 2011 2012 2013
Innovate at a faster rate
Globalize our technology footprint
Integrate solutions across boundaries
Execute with disciplined and uniform processes
Collaborate in key developments with our customers
Technology
Spending
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Halliburton Argentina: Investment in Technology
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Exploration Well Construction Completions Production Abandonment
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Halliburton Argentina: Capabilities for Customer Challenges
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Exploration Well Construction Completions Production Abandonment
Exploration Decommission Development
SOFTWARE & SERVICES
DRILLING – BITS, DIRECTIONAL, AND PERFORMANCE
FLUIDS
FORMATION EVALUATION
CEMENTING
DECOMMISSIONING & ABANDONMENT
ACIDIZING
WIRELINE LOGGING
CASED-HOLE SERVICES
PERFORATING SERVICES
COMPLETIONS
WELL INTERVENTION
FRACTURING
WATER MANAGEMENT
RESERVOIR & FRACTURE MONITORING
PRODUCTION CHEMICAL SERVICES
SAND CONTROL
RESERVOIR TESTING & SAMPLING
REAL-TIME CENTERS & SERVICES
CONSULTING & PROJECT MANAGEMENT
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Halliburton Argentina: Capabilities for Customer Challenges
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This material is subject to the terms of the service agreement between Madalena Energy and Halliburton.
