Noble Expects Delivery of Noble Lloyd Noble to be Delayed to 3Q16

Noble Corporation revealed that the delivery of jackup Noble Lloyd Noble (492' ILC), currently under construction at Sembcorp Marine Ltd.'s Tanjong Kling Yard in Singapore, will be delayed by 1-2 months to the third quarter of 2016 following damage to a crane sustained in an incident at the yard last month, the firm said in its fleet status report late last week.

"The Company currently expects delivery of the rig from the shipyard to be delayed an estimated 30 to 60 days, to early-to-mid 3Q16. Delivery to our customer is now expected in early-to-mid 4Q16. The revised dates of delivery are subject to change, pending completion of the investigation," Noble said in the report.

The jackup sustained damage following the collapse of a shipyard crane boom on Feb. 28, with initial investigations indicating that the damage is "believed to be confined to a crane onboard the rig and some cabling."

Noble Lloyd Noble is scheduled to mobilize to the North Sea upon delivery to commence a 4 year drilling contract with Norway's Statoil.



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