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:

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."

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