Several new drilling contracts for Noble Corporation

Offshore drilling contractor Noble Corporation has won several new contracts for its fleet of drilling rigs, which will see three of its units come back from the warm-stack mode.

The jack-up rig Noble Sam Turner has won a two-year contract award with Total in Denmark from early March 2021 to early March 2023.

The rig was warm-stacked in the UK from September 2020 until early March 2021.

In Guyana, the contract term has been shifted between rigs under the Commercial Enabling Agreement with ExxonMobil.

Under the agreement with ExxonMobil, the drillship Noble Tom Madden will now work off Guyana until mid-December 2027.

Previously, the drillship had been awarded a contract with ExxonMobil, which would have seen it operate for Exxon from mid-February 2024 until mid-August 2030.

The Noble Sam Croft has now been scheduled to operate for ExxonMobil in Guyana from mid-April 2021 until early January 2022.

The previous agreement would have seen the rig operate for ExxonMobil from early February 2021 until early August 2021.

The rig has recently worked for Total and Apache offshore Suriname and it is scheduled to be released.

Furthermore, the Noble Don Taylor and Noble Bob Douglas drillships will both be working for ExxonMobil until late December 2022.

In Indonesia, the semi-submersible rig Noble Clyde Boudreaux has been awarded a contract with Premier Oil from early July 2021 to early November 2021.

In Saudi Arabia, the rig owner has agreed on a day rate adjustment with Saudi Aramco for the Noble Scott Marks jack-up rig.

In addition, the previously issued 12-month suspension notice for the Noble Roger Lewis jack-up has been rescinded by Saudi Aramco and replaced by an approximately six-week standby period for well planning and rig maintenance.

The rig worked until mid-February 2021 when the standby period began.

For the period from 1 January 2021 through 31 December 2021, the day rate has been adjusted to $139,000 while drilling for gas and $90,000 while drilling for oil, after which time the day rate is scheduled to return to $159,000. The contract is now scheduled to end in early March 2022.

Finally, the Noble Tom Prosser jack-up rig has been awarded a contract for an estimated 270 days with Santos in Timor-Leste / Australia. The contract will start in early May 2021 and last until late January 2022.

The jack-up previously operated for ExxonMobil in Australia from January 2020 until November 2020 when it was warm-stacked.

Original Source: https://ocean-energyresources.com/2021/03/14/several-new-drilling-contracts-for-noble-corporation/