8 November 2023






2 mins

New York and Copenhagen-listed offshore rig owner Noble Corporation has secured more work for its drillships and jackups units.

The 2011 built  188metres drillship NOBLE GLOBETROTTER I and the 2013 built NOBLE GLOBETROTTER II have both received additional contracts from Shell for work in the US Gulf of Mexico.

The NOBLE GLOBETROTTER I  has been fixed until late February 2024 at $390,000 per day. The deal is an extension of the rig’s initial fixture which starts in November until February next year at $375,000 per day. The rig previously worked for Petronas offshore Mexico earning a dayrate of $325,000.

NGT 1 off Grand Harbour, Malta back to May 2019.

Meanwhile, the NOBLE GLOBETROTTER II  which has worked for Shell since 2019, has been secured until early March 2024 at a dayrate of $398,500.

Both deals have added about $56m to Noble’s backlog, which at the end of October stood at $4.7bn

In addition to drillship contracts, the 2009 built jackup oil rig NOBLE REACHER was extended by 15 months with TotalEnergies in the North Sea via previously priced options, extending the rig’s firm contracted period to mid-2025 with one year of priced option remaining and the 2008 built NOBLE RESILIENT has also been awarded a 120-day contract with Petrogas in the North Sea at a dayrate 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. The company lifted its guidance for total revenue to a range of $2.5bn to $2.6bn and adjusted EBITDA to a range of $775m to $825m.

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