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A Balanced Portfolio of Assets

M A L A Y S I A. NORTH SEA. 2001. U. K. 1997-03. 2000-02. C H I N A. 2002-04. T. ISLE. A Balanced Portfolio of Assets. …Didn’t Happen Overnight!. 2004. U T A H. O K L A H O M A. N E W M E X I C O. T E X A S. L O U I S I A N A. 1989-98. 2004 Pro forma Inland.

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A Balanced Portfolio of Assets

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  1. M A L A Y S I A NORTH SEA 2001 U. K. 1997-03 2000-02 C H I N A 2002-04 T. ISLE A Balanced Portfolio of Assets …Didn’t Happen Overnight! 2004 U T A H O K L A H O M A N E W M E X I C O T E X A S L O U I S I A N A 1989-98

  2. 2004 Pro forma Inland RESERVES ~ 1.7 TCFE Onshore Gulf Coast Malaysia 4% 27% Mid-Cont. 21% 19% Rockies 33% PRODUCTION (MMcfe/d) Malaysia Onshore Gulf Coast 4% 32% Mid-Cont. 17% 7% Rockies 40% Gulf of Mexico Newfield – A Diversified Company 1999 RESERVES Onshore Gulf Coast 3% 97% Gulf of Mexico PRODUCTION Gulf of Mexico Onshore Gulf Coast 4% 96% Gulf of Mexico RLI increases to 7 years 5 year RLI

  3. The Growth of NFX Net Production (BCFE) International Mid-Continent Onshore GC Gulf of Mexico

  4. Newfield and EPA Gas STAR • Recently join Gas STAR in June of this year. • Prior, NFX didn’t feel they had the internal resources to focus and drive the program. • Now, we’re actively looking for ways to increase profitability through methane emission reductions.

  5. Pro – OpProcess Related Opportunity - Optimization • PRO-OP – a systematic approach to increase production efficiencies and profitability through evaluating process components whereby methane emissions are reduced on a cost effective basis. • New Designs (platform, facility, production trains) • Modifications / Repairs • Ongoing Facility Evaluation Attention to Details...Increases Profitability

  6. Increase Profitability…..Emission Management • Strategy: • Cost effectively eliminate emission source • Cost effectively capture for sales • Flare (destruction) Attention to Details...Increases Profitability

  7. CONTACTOR LP FLASH HP TEST 100 units OIL SURGE/STORAGE TANK Oil Treating Water Handling Sales Point ENGINE COMP Pro – Op 100 units

  8. To Comp High Bleed vs. Low Bleed HP LP OIL OIL HT FLARE ENGINE ENGINE VRU COMP Pro - Op Process -> Onshore Vent Flash Emissions To Sales PSV Integrity Separator Temperature? Separator Pressure? Non-Condensables Circulation Rates Fuel Efficiencies Seals Flash Separator Attention to Details...Increases Profitability

  9. Attention to Details….Increases Profitability MODIFICATIONS / REPAIRS ONGOING FACILITY EVALUATIONS Develop Template • Onshore Facilities • Offshore Facilities NEW FACILITIES Evaluate • Each Device • Alternatives • Cost Efficiencies Opportunities • Flash • Glycol Circulation Rates • Separator Optimization • Other Efficiencies

  10. Other Participation • Supplying data and reviewing proposed Lessons Learn on separator optimization and floatation cells • Participating in STAR sponsored Pro –OP for several NFX offshore facilities

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