Noble Corporation has earned a further contract extension for one of its offshore drilling rigs in the Gulf of Mexico.
The contract with New York-based oil company Hess Corporation is for the semi-submersible Noble Paul Romano and lasts from mid December 2016 to late May 2017 at a day rate of $128,500.
It is the second extension of this contract for the rig which was built in 1991 and modernized in 1998. In September, it received an 80-day extension to its contract but at a much-reduced day rate, coming down from $304,000 to the current $128,500.
London-headquartered offshore drilling contractor Noble has its main US office in Sugar Land, Texas.