Over the quarter, the company secured new contracts with a total value of about $275 million.
Noble’s overall contract backlog totalled $4.2 billion As of July 31
Leading day rates for tier-1 drillships remain in the high $400,000-$500,000/d range.Where Noble Corp.’s marketed fleet of 16 floating drilling rigs was 78% contracted during the second quarter, the company said in a trading update
13 marketed jackups
Use of Noble’s 13 marketed jackups improved to 77% in the quarter, with rates for harsh environment jackups in the mid $200,000s/d in Norway and $130,000-$150,000/d elsewhere in the North Sea.
At the other hand Noble sees moderately improving demand for jackups in Norway in 2025, but a more cautious near-term outlook in the southern North Sea due to policy/permitting uncertainty in the UK under the new Labour administration as press release reported
New contracts
Over the quarter, the company secured new contracts with a total value of about $275 million for the following:
Murphy Oil extended the tenure of the Noble Stanley Lafosse by exercising five option wells in the Gulf of Mexico, which is an additional scope of $177 million based on a one-year duration to February 2026.
Saipem new offshore contract from TotalEnergies in Suriname
Central European Petroleum
In the UK North Sea, bp took up options to extend Noble Innovator’s contract duration by about eight months at a day rate of $155,000.
Noble Resolve has a 45-day, one-well contract from Central European Petroleum offshore Poland at $140,000/d, plus mobilization and demobilization.
Start in September
The program is due to start in September 2024.
The same rig has a contract from an unnamed operator in Spain for a 13-well P&A scope valued at about $40 million, and it is due to start in second-quarter 2025 (170 days).
Noble Resilient’s new one-well intervention contract from Harbour Energy (30-70 days) began last month.
In Argentina
While in Argentina, TotalEnergies extended the Noble Regina Allen’s contract by taking up options for two wells at $150,000/d (60 days in total).
As of July 31, Noble’s overall contract backlog totalled $4.2 billion ,Since 1921, Noble has been a world-class offshore drilling company with industry-leading safety and operational performance.
