Work on the semisubmersible will commence immediately with delivery from Jurong Shipyard in Singapore to Noble Drilling scheduled in the first quarter of 2009. The estimated construction cost of the semisubmersible drilling unit is approximately US $500 million, including shipyard cost, owner-furnished equipment, project management cost and general contingencies.
On completion, the Noble Danny Adkins will operate in water depths up to 12,000 feet and drill to a total depth of 35,000 ft. The dynamically positioned semisubmersible unit will have living accommodation for at least 200 persons. Noble Drilling has previously reported publicly that the Noble Danny Adkins is contracted to Shell upon completion of construction for a four-year term.
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