LONDON, Oct. 8, 2020 /PRNewswire/ -- Noble Corporation
plc (OTC-PINK: NEBLQ, the Company) today announced that the
ultra-deepwater drillship Noble Tom Madden has been awarded
approximately 6.5 years of additional contract term under the
Commercial Enabling Agreement ("CEA") with ExxonMobil for work
offshore Guyana. The Noble Tom Madden was previously
contracted until Mid-February 2024
and the additional term will extend the rig contract to Mid-August
2030. The rig day rate will be updated at least twice per
year subject to a scale-based discount and performance bonus under
the CEA which also provides ExxonMobil the flexibility to transfer
awarded term between the Noble Don Taylor, Noble Bob Douglas, Noble Tom Madden, and
Noble Sam Croft.
Robert W. Eifler, President and
Chief Executive Officer of Noble Corporation plc, stated, "We are
extremely pleased to further our relationship with ExxonMobil and
their partners offshore Guyana. This award demonstrates the
capability of the Commercial Enabling Agreement to align the
interests of Noble and ExxonMobil while continuing our
participation in one of the world's premier offshore exploration
and development opportunities and supports additional investment by
Noble in local content."
About Noble Corporation plc
Noble is a leading offshore drilling contractor for the oil and
gas industry. The Company owns and operates one of the most modern,
versatile and technically advanced fleets in the offshore drilling
industry. Noble performs, through its subsidiaries, contract
drilling services with a fleet of 24 offshore drilling units,
consisting of 12 drillships and semisubmersibles and 12 jackups,
focused largely on ultra-deepwater and high-specification jackup
drilling opportunities in both established and emerging regions
worldwide. Noble is a public limited company registered in
England and Wales with company number 08354954 and
registered office at 10 Brook Street, London, W1S 1BG England. Additional information on Noble is
available at www.noblecorp.com.
View original
content:http://www.prnewswire.com/news-releases/noble-corporation-plc-announces-contract-extension-in-guyana-301148655.html
SOURCE Noble Corporation