Noble Scott Marks (Advanced Energy Systems (ADES)) (Jackup)

New Contract Award

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27 June 2006

Noble Corporation (NYSE: NE) announced the receipt of a letter of award from Venture Production plc (“Venture Production”) to enter into a contract with the Company for a new F&G JU-2000E enhanced premium jackup drilling rig to be constructed by China Shipbuilding & Offshore International Co., Ltd./Dalian Shipbuilding Industry Co., Ltd (“DSIC”) in Dalian, China. The Venture Production commitment, which has been approved by both companies’ Board of Directors, will have a contract term of two years at a dayrate of $210,000 per day. There are no extensions or options beyond the contract term. The Company estimates the cost of the rig will be approximately $190 million. Venture Production has informed the Company that it anticipates employing the rig in the North Sea. Mark Jackson, President and Chief Operating Officer of Noble Corporation, said, “We are pleased to continue to build on our long-term relationship with Venture Production with this contract.” This rig is the third heavy duty, harsh environment (HDHE) F&G JU-2000E, a high specification Friede & Goldman designed jackup, that the Company has scheduled to deliver to customers over the next three years. The Company has previously reported contracts with Shell E and P Offshore Services B.V. for the first two such newbuild jackups, to be named the Noble Roger Lewis and Noble Hans Deul. Each of these harsh environment jackups has a 75 foot cantilever reach, rated water depth of 400 feet, and rated drilling depth of 30,000 feet.

Source: Noble SEC Filing


More News for Operator: Advanced Energy Systems (ADES)

16 Oct 2014

OSM launches newbuild jackup in Indonesia

OSM New Build Management (OSM) is pleased to announce that earlier this month OSM officially launched their first Jack Up Project (Hull no. L209) in the PaxOcean Graha Shipyard. Owned by Beijing Petrolor Oilfield Services Co.ltd, the Jack Up rig is based on a Gusto MSC CJ46 design and was built in the PaxOcean Graha shipyard. The vessel is classified under ABS and can operate up to a water depth of 375 feet. The expected delivery of this vessel is April 2015. OSM’s Douglas Dalli, Head of New Building Management, said: “We are delighted to be announcing this project launch with Beijing Petroler Oilfield Services. The launch of this Jack Up rig is a strong representation of OSM’s ability to execute in its core markets and will hopefully result in more like projects.”

15 May 2015

Noble agrees to jackup rate reduction with Saudi Aramco

Noble Corporation (“Noble”) today released its updated fleet status and announced that the company reached an agreement with Saudi Aramco to reduce the operating dayrates for five jackup rigs. The dayrate reductions are effective from 1st January 2015 and run through the entirety of 2015 and will be applied over the remaining life of the existing contracts. The rigs in question are the Noble Scott Marks, Noble Roger Lewis, Noble Gene House, Noble Joe Beall and Noble Charles Copeland. The dayrates for the Noble Scott Marks and Noble Roger Lewis were reduced to USD169.5k whilst the remaining three jackup rates were reduced to USD65k. This announcement follows earlier agreements that Saudi Aramco negotiated with Rowan and Ensco for rate reductions in 2015.

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