Noble Corporation revealed in its full year results that it has retired drillship Noble Discoverer and jack-up Noble Charles Copeland, while it will also warm stack semi-submersibles Noble Jim Day and Noble Danny Adkins.
The retirement of the 1966-built Noble Discoverer comes after the infamous drillship was given an early termination by Shell after a failed Arctic drilling campaign. The vessel was on a three-year deal signed in late February 2014 at $368,000 per day.
Noble is also retiring 1979-built jack-up Noble Charles Copeland, reducing its jackup fleet to 14 including one under construction.
The company is also reducing its fleet of semi-submersibles, at least temporarily, by commencing plans to warm stack the Noble Jim Day which concluded a contract late-January and Noble Danny Adkins which concludes its current assignment late-February.
Further fleet reductions or stacking look to be coming through the year. David Williams, chairman, president and CEO of Noble Corporation, commented: “Ongoing cost control measures are likely to result in further reductions in 2016.”
The company reported a fourth quarter 2015 net loss a of $152m on revenues of $858 million.
