Rig: Noble Jim Day

Name Noble Jim Day
Owner Noble Drilling
Manager Noble Drilling
Rig Type Semisub
Sub Type Ultradeep Water
Jackup Type --
Max Water Depth (ft) 12000
Max Drill Depth (ft) 37000
Dimensions (ft) 409 x 278 x 126
Leg Length (ft) --
Competitive Yes

Current Location

Country USA
Region North America

Drilling Equipment

Drawworks Type National Oilwell Varco SSGD-1250
Drawworks HP 6900
Mud Pumps Type National Oilwell Varco Hex 240
Top Drive National Oilwell Varco TDX-1250
Hookload Capacity (lbs) 2500000

Rig Construction Details

Rig Design Trosvik
Rig Model Bingo 9000 (Modified)
Year Built 1999
Country of Build China (PRC)
Yard Name Dalian No 1 Production Yard (DSIC)
Group Yard Name China Shipbuilding Industry Company Limited (CSIC)

Rig Contract Details

Operating Status Cold Stacked
Operator --

News

23 Feb 2011

Noble Corporation Announces Letter of Intent on Noble Jim Day

Noble Corporation (NYSE: NE) today announced that the Company has secured a Letter of Intent ("LOI") with a subsidiary of Royal Dutch Shell plc for the 12,000 foot ultra-deepwater semisubmersible Noble Jim Day to operate in the U.S. Gulf of Mexico. Under the terms contemplated by the LOI, the effective date of the commitment would be February 15, 2011 and the contract would extend through January 31, 2012. The LOI contemplates that Noble would receive a standby rate if Shell is unable to secure drilling permits. Beginning the sooner of August 1, 2011 or Shell securing a drilling permit for use of the unit, the operating dayrate would be $485,000 per day. During the operating period, the unit would be eligible for a performance bonus of up to 15 percent of the dayrate. The LOI is subject to execution of the drilling contract, although the parties have agreed to a base form of contract and certain of the particular modifications for this work. "We are extremely pleased to see the Noble Jim Day be awarded this LOI so that it can go on the payroll and earn a dayrate effective from mid-February," said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation. "This is an extremely high quality rig and there was significant customer interest, however, other opportunities that would have required a mobilization out of the U.S. Gulf would have precluded us from being able to begin recognizing revenue until much later in the year. Furthermore, the terms of the LOI ensure that under the contract we would earn a full operating dayrate beginning no later than August 1st with potential upside if Shell is able to secure a drilling permit sooner. And the short-term nature of the commitment positions us well if dayrates increase as expected in the latter half of the year."

3 Jan 2011

Noble Corporation Updates Noble Jim Day Contract Status

Noble Corporation (NYSE: NE) today reported that Marathon Oil Company ("Marathon") has provided notice that it is terminating the drilling contract for the ultradeepwater semisubmersible drilling rig Noble Jim Day. Marathon's stated reason for the termination was that the rig had not been accepted by Marathon by December 31, 2010. Noble believes the rig is ready to commence operations and should have been accepted by Marathon. The contract was for four years and represented approximately $752 million in contract backlog to Noble. "We are disappointed by Marathon's actions," said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation. "Fortunately, the Noble Jim Day is one of the most capable rigs in existence and there are already a number of potential customers interested in a unit of this caliber." Noble also reported that an independent third-party has affirmed the rig's readiness. The Company also confirmed that the unit's subsea system, including the BOP, has received its certificate of compliance.

About The Rigs Website

What you are seeing is a selection of sample rig information from the Infield Rigs database. If you would like to see more detailed information regarding the unit, please click here to contact a member of the Infield Rigs Team or call us on +44 207 423 5000

Feedback