Noble Lands 6-Rig Contract Offshore Mexico
Noble has been awarded contracts for six of its jackup units with Pemex Exploracion y Produccion ("Pemex") in Mexico. Pending execution of the contracts, the units are expected to commence operations under the following terms:
- Noble Bill Jennings: 286 days beginning mid-March 2011 at a dayrate of $99,000 - $101,000,
- Noble Leonard Jones: 272 days beginning mid-March 2011 at a dayrate of $99,000 - $101,000,
- Noble John Sandifer: 624 days beginning mid-April 2011 at a dayrate of $82,000 - $84,000,
- Noble Lewis Dugger: 588 days beginning late April 2011 at a dayrate of $82,000 - $84,000,
- Noble Gene Rosser: 248 days beginning late April 2011 at a dayrate of $79,000 - $81,000, and
- Noble Earl Frederickson: 139 days beginning late April 2011 at a dayrate of $57,000 - $59,000.
In some cases, the start dates could be accelerated to allow the contract to begin earlier than currently anticipated. In addition and as anticipated, the Company signed a contract extension on the Noble Carl Norberg for 146 days commencing in early March at a dayrate of $57,000 - $59,000.
"These long-awaited contracts are a significant step towards putting our jackup fleet back to work in Mexico," said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation. "By late April, when these units have all commenced their contracts, we expect to have at least eight jackups generating revenue in Mexico and we believe we will have opportunities for up to four additional jackups. We expect Pemex to continue to be a core customer for Noble in the years to come."
Operates 45 Offshore Rigs
- Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
- Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut (Oct 04)
- Mexico's Pemex Sees Salina Cruz Refinery Restart 3rd Week of Oct (Sep 28)
Company: Noble Corporation more info
Manages 28 Offshore Rigs
- Sembcorp Marine Delivers World's Largest Jackup Noble Lloyd Noble (Jul 18)
- Oil Industry Maintains Country Club Culture During Downturn (May 23)
- Freeport to Pay Noble $540 Million to Not Use 2 Oil Rigs (May 10)