Noble Corp. and Maersk Drilling have completed their business combination and are now operating as a single organization.
Offshore staff
SUGAR LAND, TX—Noble Corp. and Maersk Drilling have completed their business combination and are now operating as a single organization.
Noble President and CEO Robert Eifler said, "The fundamental industrial logic of the combination is clear and has only grown stronger over the past year, driven by steady improvements in the offshore drilling market…”
The new company, named Noble, claims to own one of the industry’s youngest and highest specification drilling fleets.
Its current contract backlog is more than $4 billion.
Noble expects to close its previously announced sale of five jackups (Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert and Noble Lloyd Noble - aka the "Remedy Rigs") to Shelf Drilling this Wednesday for $375 million. The sale was necessary to satisfy conditions requested by the UK’s competition authorities concerning the merger.