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Noble Awarded New Contracts in Egypt

Source: www.gulfoilandgas.com 8/8/2011, Location: Africa

Noble Corporation announced that it has been awarded a contract for the semi submersible rig Noble Paul Romano and received a contract extension on the semi submersible rig Noble Max Smith, two rigs located in the Gulf of Mexico. In addition, the Company has been awarded a contract for the jack up rig Noble George Sauvageau operating in the Southern sector of the North Sea.

The Noble Paul Romano has been awarded a six well, approximately 180-day contract by Gujarat State Petroleum Corporation Ltd. (GSPC) for operations offshore Egypt at a day rate of $325,000, excluding mobilization revenues. The rig, which has been idle in the U.S. Gulf of Mexico since June 2010, is expected to commence the new contract in October 2011, following mobilization to an initial drilling location in the Eastern Mediterranean Sea. The contract could be extended for up to four optional wells. The Noble Paul Romano is a Noble EVA 4000, conventionally moored deepwater semi submersible rated to operate in water depths of up to 6,000 feet.

Also, the Noble Max Smith, operating offshore Mexico for Pemex Exploration and Production (PEMEX), has received a five-month extension of its current contract. The extension commenced in August 2011 at a day rate of $380,000. The Noble Max Smith is a Noble EVA 4000, conventionally moored deepwater semi submersible capable of operating in water depths of up to 7,000 feet. The rig has operated offshore Mexico since August 2008.

In addition, the Company reported that the semi submersible rig Noble Driller commenced its full operating day rate of $383,000 on August 1, 2011 and has mobilized to an operating location in the U.S. Gulf of Mexico. The rig is under contract through June 2013.

Finally, the Noble George Sauvageau has been awarded a one-year contract by Wintershall for operations in the Southern sector of the North Sea at a dayrate of $115,000. The rig is now firmly committed through 2012.

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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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