Noble Wins Contracts for Six Offshore Drilling Rigs

New York and Copenhagen-listed Offshore drilling contractor Noble Corp. released a fleet status report, according to which the company has secured contracts for six offshore drilling rigs since its previous fleet report issued on August 2, 2023.

The Company has been awarded contracts for three drillships (Noble Valiant, Globetrotter I and Globetrotter II) and three jack-up rigs (Noble Reacher, Noble Regina Allen and Noble Resilient) with a total contract value of approximately $240 million.

Noble Valiant with a six-month contract with LLOG in the US Gulf of Mexico, set to start in January 2024 in direct continuation of the rig’s current contract. The day rate is $470,000, excluding additional fees for use of managed pressure drilling.

Noble Regina Allen with a three-well (estimated 220 days) contract with TotalEnergies offshore Argentina, expected to begin in mid-2024, at $150,000/d, excluding mob/demobilization fees.

Noble Globetrotter I and Noble Globetrotter II with additional contract terms from existing clients keeping both rigs occupied into mid-first-quarter 2024.

Noble Reacher with a contract with TotalEnergies in the North Sea extended by 15 months, with the rig now contracted to mid-2025 with one year of priced option remaining.

Noble Resilient with a 120-day contract for Petrogas in the North Sea starting next summer at a day rate of $133,000. The contract should start in the third quarter of 2024.

Noble posted a third-quarter net profit of $158m and will be increasing its quarterly dividend to $0.40 per share in the fourth quarter.

Yangzijiang Shipbuilding

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