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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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