Noble Corporation finds work for stacked jackup, extends with Hess at huge discount

Noble Corporation finds work for stacked jackup, extends with Hess at huge discount

UK headquartered offshore driller Noble Corporation has announced a new contract for one of its jackup rigs as well as an extension for a semi-submersible in its latest felt status report.

2013-built jackup rig Noble Regina Allen has found work in UK waters with an undisclosed client providing accomodation services. Noble said the rig, which is currently warm stacked in Danish waters, will commence work mid-October through to mid-April 201 with three further 30-day options available to the charterer. The contract value was not disclosed.

Additionally the report revealed that Hess has extended its contract for 1989-built semi-submersible Noble Paul Romano from mid-September at a dayrate of $128,500. The one well extension for the rig, operating in the Gulf of Mexico, is estimated to be around 80 days. The rig was previous contracted at $304,000 per day, reflecting the poor state of the market.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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