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Weatherford International Inc
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2012 RBC Global Energy & Power Conferenced
| Andrew P. Becnel | Page 4 of 11 |
November 21, 2024
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"2012 RBC Global Energy & Power Conferenced"
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3 251 2012 Weatherford. All rights reserved. 15 20 25 30 35 40 45 501970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012E 2014E Millions of barrels per day Iraq OPEC NGLs OPEC Crude Oil ex Iraq Call on OPEC liquids OPEC Capacity Crude + NGLs Oil Production Spare Capacity Source: Deutsche Bank OPEC spare capacity has not increased meaningfully over the last 20 years in spite of increased spending