Noble Corporation Wins 2005 NOIA Safety in Seas Award

Noble Corporation was awarded the 2005 National Ocean Industries Association (NOIA) Safety in Seas Award, recognizing their outstanding contribution to the improvement of safe operating procedures in the ocean industries. Noble Corporation was selected in recognition of its comprehensive system for linking Health, Safety and Environment (HSE) practices with overall business performance. This "Noble Way Management System" ensures that HSE principles are incorporated into day- to-day practices for everyone at the company.

The successful implementation of the "Noble Way" has reduced lost-time incidents and recordable incidents for the past 11 consecutive years. In 2004, 93% of the Noble fleet operated without any lost-time incidents at all.

Noble's award-winning nomination was selected by a blue-ribbon panel of judges from the U.S. Coast Guard, the Minerals Management Service and the National Academy of Sciences' Marine Board. The judges awarded Noble the prestigious honor in recognition of the company's dramatic overall improvement of the corporate safety culture and uniform implementation of stringent safety standards in its operations throughout the world.

NOIA President Tom Fry said, "The offshore industry serves a vital role in meeting the nation's energy needs, and continues to do so while delivering an unparalleled record of safe and environmentally sensitive operations. We applaud the fact that the Coast Guard, the MMS and the National Academy of Sciences continue to recognize our industry's achievement and we congratulate Noble for their valuable contribution to the enhancement of offshore life."

About Noble Corporation:

Noble Corporation is a leading provider of diversified services for the oil and gas industry, performing contract drilling services with a fleet of 60 mobile offshore drilling units worldwide, as well as, engineering, wellsite and project management services. Founded in 1921, the company employs 5,291 individuals, is headquartered in Sugar Land, Texas and deploys nearly 70 percent of its fleet in international markets.

About the Safety in Seas Award:

Acknowledging the significant contributions made by modern-day pioneers in their pursuit of the ocean frontier, Compass Publications, Inc., publishers of Sea Technology magazine, established the NOIA Safety in Seas Award in 1978. The award recognizes excellence among those who, by their actions, design or influence, have contributed to improving the safety of life offshore. The award, now in its 27th year, continues to serve as a testimony to the high standards associated with the rapid growth of the ocean industries.

About the National Ocean Industries Association:

NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of hydrocarbon resources on the nation's outer continental shelf. The NOIA membership comprises more than 300 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance.