Offshore staff
SUGAR LAND, Texas – Noble Corp. has issued an update on its offshore drilling rig fleet.
During the combined 1Q, the jackup Noble Sam Turner began a two-year contract with Total in Denmark. The jackup Noble Lloyd Noble mobilized to the shipyard and began preparation work prior to its contract with Equinor in Norway, which is scheduled to start in 3Q 2021.
After an approximately four-week standby period, the jackup Noble Roger Lewis returned to day rate with Saudi Aramco in mid-March, and the Noble Scott Marks is preparing to return to work in 2Q 2021 after its one-year suspension. In early April, the jackup Noble Hans Deul began its approximately 13-month contract with Independent Oil and Gas in the UK North Sea.
ExxonMobil has transferred contracted term among the drillships working under the commercial enabling agreement offshore Guyana. It transferred term from the Noble Tom Madden, which now has contract coverage into early 2027, to the Noble Sam Croft, which now has contract coverage through the end of 2022.
Last month, the company acquired Pacific Drilling, which included existing contracts in Mauritania, Mexico, and the US Gulf of Mexico.
The Pacific Santa Ana is currently under contract with Petronas in Mauritania into 3Q 2021. In April, the Pacific Sharav began its contract with Murphy in the US Gulf of Mexico, with firm term through 2Q 2022. The Pacific Khamsin is currently preparing for its contract with Petronas in Mexico, scheduled to start in 2021.
In addition, the drillships Pacific Meltem and Pacific Scirocco are cold stacked in Las Palmas.
At March 31, 2021, the company’s estimated revenue backlog totaled approximately $1.5 billion, consisting of about $1.1 billion associated with the floating rig fleet and $400 million with the jackup fleet. An estimated $568 million of the revenue backlog was attributable to the remainder of the year 2021.
As for the state of the offshore drilling industry, President and CEO Robert W. Eifler, said: “We are optimistic about the market outlook and see a pipeline of interesting tender opportunities developing along with improving day rates, especially in the floater market.”
05/05/2021
