Noble in Agreement With Exxon Mobil for Guyana-Suriname Basin Services
February 11 2020 - 5:55PM
Dow Jones News
By Josh Beckerman
Drilling contractor Noble Corp. said it has reached a "a unique
commercial enabling agreement" with Exxon Mobil Corp. for services
in the Guyana-Suriname Basin.
The ultra-deepwater drillships Noble Bob Douglas, Noble Tom
Madden and Noble Don Taylor, which are currently providing service
for Exxon offshore Guyana, are included in the framework agreement,
and other rigs may be added.
Exxon has awarded 3.5 years of term to be added at the
conclusion of current contract commitments, Noble said.
Noble said it will benefit from "multi-year contract visibility"
and said an "attractive commercial model secures current market
pricing dynamics on six-month intervals."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
February 11, 2020 17:40 ET (22:40 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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