Saudi Aramco extended charter contract for two Noble jackup rigs

Noble Roger LewisSaudi Aramco extended charter contract for two jackup rigs of Noble Corporation with another five years. According to the contract, the charter of platform Noble Roger Lewis was extended to March 2022, while the charter of Noble Scott Marks rig was extended to July 2022. The dayrates of extension were lowered from 167,000 USD to 159,000 USD. The contract extension provides financial stability of the Noble Corporation, which currently has nine idle platform rigs, including five warm stacked and four cold stacked., affecting the liquidity of the company and its finance sheet.

Noble Corporation projected anticipate +/-15 days of operational downtime at zero dayrate for regulatory inspection in Q1 2017 for Noble Roger Lewis, as well as +/-20 days of operational downtime at zero dayrate for maintenance/repairs for Noble Scott Marks.

Noble is a leading offshore drilling contractor for the oil and gas industry, which headquarter is based in London, United Kingdom. The Company owns and operates one of the most modern, versatile and technically advanced fleets in the offshore drilling industry. Its fleet consists of 30 drilling rigs, including 16 semisubmersibles and 14 jackups, which are focused largely on ultra-deepwater and high-specification jackup drilling opportunities in both established and emerging regions worldwide.