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FADI MICHEL “MIKE” MATTAPresident, NOV Wellbore Technologies
Fadi “Mike” Matta joined NOV in 1991 as a design engineer. Mike relocated to Dubai in 1997 and established National Oilwell’s operations in the Middle East and North Africa, where he built a multifunctional, multinational team that drove exponential growth for NOV Rig Solutions. Upon returning to the U.S., Mike became President of Downhole and consolidated a product line structure within the organization that set them on a growth path.
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.
NOV Wellbore TechnologiesNOV Analyst Day
Fadi Michel “Mike” MattaPresident, NOV Wellbore Technologies
NOVEMBER 19, 2014
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Who We Are
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Operator-Focused Business Model
Performance Safety Uptime EnvironmentalImpact
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NOV Wellbore Technologies
+500LOCATIONS 69
COUNTRIES
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Our people drive the technologies that drive new levels of efficiency and productivity.
24,000EMPLOYEES
2,000DESIGN ENGINEERS
4,200FIELD SERVICE TECHNICIANS
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Wellbore Construction
Bottomhole Assembly
Fluids, Solids Control and Waste Management
Premium Tubulars
Instrumentation and Optimization
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PREMIUMTUBULARS AND SERVICES
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DOWNHOLE TECHNOLOGIES
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FLUIDS, SOLIDS CONTROL, AND WASTE MANAGEMENT
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OPTIMIZATION AND AUTOMATION
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NOV Wellbore Technologies
$5.11BFY13 REVENUE
PREMIUM TUBULARS AND SERVICES
DOWNHOLE TECHNOLOGIES
FLUIDS, SOLIDS CONTROL, AND WASTE MANAGEMENT
OPTIMIZATION AND AUTOMATION
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Building Leadership the NOV Way
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KEY PRODUCTS AND SERVICES
INTEGRATED PACKAGES
PRODUCTIVE SYSTEMS
TRANSFORMATIVE SOLUTIONS
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REVENUE GROWTH OP GROWTH MARGIN IMPROVEMENT
75% 100% 300bps
KEY ASSUMPTIONS
10-15% GROWTH IN RIG COUNT
CONTINUED GROWTH IN HORIZONTAL WELLS AND FOOTAGE DRILLED
SUCCESS IN KEY TECHNOLOGIES
Expectations from 12/31/2013 through 2019NOV Wellbore Technologies
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Traditional Drilling Techniques
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THE DRILLING REVOLUTION(2005 – TODAY)
MORE 71%US RIGS DRILLING
HORIZONTAL WELLS
LONGER
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THE DRILLING REVOLUTION(2005 – TODAY)
RIGS LATERALS
Source: BHI Rig CountUS horizontal rig count up from 13% of active rigs in 2005
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BRANDSSTRONGTECHNOLOGIESNEW
130M
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Grant Prideco
DRILLPIPE DELIVERED (FEET)
EVERY 8 MINUTES
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Tuboscope
TRUCKLOAD OF DRILLPIPE
IN ONE OF OUR HOUSTON FACILITIES
10M
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Downhole
MOTOR HOURS
8M
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Brandt
TONS OF WASTE PROCESSED
984
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MD Totco
RIGS ONLINE
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We Made It Possible
GRANT PRIDECO TUBOSCOPE DOWNHOLE BRANDT MD TOTCO
130MDRILLPIPE
DELIVERED (FT)
10MMOTOR HOURS
8MTONS OF WASTE
PROCESSED
984RIGS ONLINE
TRUCKLOAD OF DRILLPIPE
EVERY 8 MINUTES
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Grant Prideco
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Premium Connections
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52
Grant Prideco
COUNTRIES
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200+
Tuboscope
LOCATIONS
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Meeting Today’s Challenges
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Wellbore Confidence
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Downhole Technologies
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Premium Technologies
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Backbone of the Bottomhole Assembly
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WE ARE ACCESSIBLE
160FACILITIES
50COUNTRIES
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Single Solutions. Huge Value. Faster Drilling.
50%TIME REDUCTION
150%INCREASED ROP
$280KCOST SAVINGS
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2,800+
Brandt
RIGS
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Leading Solids Control Technology
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Improved Efficiency, Faster Drilling
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MD Totco
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MD Totco
THE REVOLUTION CONTINUES…(ACTIVITY IN 2040)
6,690RIG COUNT
121,203WELL COUNT
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Global Unconventional Oil & Gas Fields
Shales Tight SandsCoalbed Methane
6,690RIG COUNT WELL COUNT
121,203 1.2BFOOTAGE DRILLED
(ACTIVITY IN 2040)THE REVOLUTION CONTINUES…
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SMART INTEGRATION
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MANAGING PIPE AND ITS LIFE CYCLE
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TUBOSCOPETUBOSCOPE
GRANT PRIDECO
Managing Pipe and its Life Cycle
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MINIMIZING WASTE AT THE WELL SITE
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INCREASINGDRILLING PERFORMANCE
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BHA Optimization
18TRIPS SAVED
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50%
Real-Time Monitoring
FASTER
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$2MSAVED
Wired Pipe
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Drilling Automation
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Automation Real-Time Intelligence, Faster Drilling
Mitigate risks
Optimize the drilling process
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The Future of Drilling
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REVENUE GROWTH OP GROWTH MARGIN IMPROVEMENT
75% 100% 300bps
KEY ASSUMPTIONS
10-15% GROWTH IN RIG COUNT
CONTINUED GROWTH IN HORIZONTAL WELLS AND FOOTAGE DRILLED
SUCCESS IN KEY TECHNOLOGIES
Expectations from 12/31/2013 through 2019NOV Wellbore Technologies
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Faster, Safer, Better Drilling
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Enable FASTER drilling
Largest INDEPENDENT supplier
Design, manufacture AND service
ONLY OEM provider of full drilling automation
Technology in EVERY wellbore
NOV Wellbore Technologies
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