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 Snapshot

15
focused business
units
200+
acquisitions
40K+
$14.8B employees

annual revenue

$11.2B 66
market capitalization countries

700+
locations
worldwide
*2015 statistics
2
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We are a
global family
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We believe in
purposeful
innovation

©2016 NOV | Proprietary and confidential. NOV Wellbore Technologies | 4

We believe in
service above all

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National Oilwell Varco

Market LEADERSHIP in all we do

DEPENDABLE PARTNER in high-risk high-cost world
SUSTAINABLE competitive advantage
RESILIENT earnings and cash flow
Attractive REINVESTMENT opportunities in business

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NOV Structure

Rig Systems & Wellbore

Aftermarket Technologies

Completion &
Production Solutions

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NOV Revenue Mix by Segment

NOV Completion &

Production Solutions

20%

42% NOV Rig Systems

NOV Wellbore
23%
Technologies

15%

*2015 statistics NOV Rig Aftermarket

8
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 Rig Systems
Offshore Drilling Packages
Land Rigs
Rig Components

©2016 NOV | Proprietary and confidential. NOV Wellbore Technologies | 9

 Rig Aftermarket
Spare Parts
Service and Repair
Training

©2016 NOV | Proprietary and confidential. NOV Wellbore Technologies | 10

 Wellbore Technologies
Fluids, Solids Control, Waste Management

Downhole Tools, Motors, Bits

Drilling Optimization, Automation

High-Speed Telemetry

Premium Tubulars

Tubular Coatings, Inspection Services

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 Completion and
Production Solutions
Frac and Stimulation Equipment
Completion &
FPSO Turret Mooring Systems
Subsea Flexible Pipe
Production
Composite Pipe
Solutions
Process and Flow Technologies

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Operator Focus

Safety Environment Uptime Performance

©2016 NOV | Proprietary and confidential. NOV Wellbore Technologies | 13

 OUR DRILLING PROCESS APPROACH
PRE-DRILLING DRILLING POST DRILLING
SURFACE
INSTRUMENTATION
PRE-WELL PLANNING DRILLSTRING
OPTIMIZATION ANALYSIS
AND AUTOMATION

WASTEWATER
DRILLSTRING FLUIDS, SOLIDS CONTROL TREATMENT
LIFECYCLE MANAGEMENT AND WASTE MANAGEMENT

RIG INSPECTIONS DRILLSTRING POST-WELL

AND RIG SURVEYS DATA ANALYSIS

HIGH-SPEED
TELEMETRY

DOWNHOLE
MEASUREMENTS

BOTTOMHOLE
ASSEMBLIES

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PRE-DRILLING

RIG INSPECTIONS
AND RIG SURVEYS

DRILLSTRING PRE-WELL PLANNING

LIFECYCLE MANAGEMENT

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 PRE-DRILLING
PRE-DRILLING

Pre-well planning
Formation analysis, BHA optimization and drilling fluids

Waste management planning

NOV Wellbore Technologies | 16

©2016 NOV | Proprietary and confidential.
 PRE-DRILLING
PRE-DRILLING

Rig inspections and rig surveys

Dropped objects and fall protection surveys

Load testing and critical path

Lifting gear inspection

Crane inspections

Derrick and mast inspection

Class inspection

NOV Wellbore Technologies | 17

©2016 NOV | Proprietary and confidential.
 PRE-DRILLING

Drillstring lifecycle management

Smart integration of inspection, coating, hardbanding and repair services
Inventory control and history documentation
Master tally setup
Asset usability review
Optimized drill stem design

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DRILLING SURFACE
INSTRUMENTATION

OPTIMIZATION
AND AUTOMATION

FLUIDS, SOLIDS CONTROL

DRILLSTRING AND WASTE MANAGEMENT

HIGH-SPEED DOWNHOLE
TELEMETRY MEASUREMENTS

BOTTOMHOLE
ASSEMBLIES

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 DRILLING

Optimized bottomhole assemblies

Improved ROP

Precise directional control

Friction reduction

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 DRILLING
DRILLING

Downhole measurements
Real-time measurement of wellbore conditions
such as pressure, deviation and inclination

High frequency measurements for optimum

system performance

Mitigate torsional vibration and stick-slip

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 DRILLING
DRILLING

High-speed telemetry
Enables faster well data delivery
Real time transmission of critical downhole data
Enables optimization to gain higher ROP

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 DRILLING
DRILLING

Drillstring
Engineered for ultra-deepwater and demanding drilling conditions

Designed to maximize reliability and performance

Dedicated string for offshore landing operations

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 DRILLING
DRILLING

Fluids, solids control and waste management

Minimize fluid creation

High performance fluid system

Wastewater treatment

Drill cuttings handling and

treatment

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 DRILLING

Optimization and automation

Maximize efficiency and improve wellbore quality

Identify and mitigate safety and drilling risks

Real-time operations support from specialists

Continuous process optimization

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 DRILLING

Surface instrumentation
Better decision making with accurate data

Enhanced visualization and analytics for better recognition of

drilling dysfunctions

Equipment efficiency through direct drillstring measurements

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POST DRILLING

POST-WELL
DATA ANALYSIS

DRILLSTRING
ANALYSIS

WASTEWATER
TREATMENT

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 POSTDRILLING
POST DRILLING

Post-well data analysis

Daily and end-of-well evaluation using performance benchmarks

Optimize drilling approach for future wells

Utilize transferred learning to deliver consistent, repeatable performance

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 POSTDRILLING
POST DRILLING

Drillstring analysis
Customer log-in for full access to inspection reports and statistics

Complete analysis, recommendations and repairs for the life of your string

Only company that can offer whole package with global support

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 POST DRILLING

Wastewater treatment
Water conservation, treatment and reuse

Wastewater transfer services

©2016 NOV | Proprietary and confidential. NOV Wellbore Technologies | 30

 We listen first… then align value
Total cost of ownership

Process optimization Safety & environment

Challenges & Needs

Hard drilling
Remote support
& service

Reliability

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 We deliver success.

©2016 NOV | Proprietary and confidential. NOV Wellbore Technologies | 32