SUGAR
LAND, Texas, Oct. 5, 2022
/PRNewswire/ -- Noble Corporation plc ("Noble") today announced it
has completed the sale of the Noble Hans Deul, Noble Sam Hartley, Noble
Sam Turner, Noble Houston
Colbert, and Noble Lloyd Noble (the "Remedy
Rigs") to a subsidiary of Shelf Drilling, Ltd. ("Shelf
Drilling") for cash proceeds of $375
million as part of the recently completed business
combination with Maersk Drilling. As previously disclosed in
the June 23, 2022 Remedy Rigs sale
announcement, all onshore and offshore related staff, support and
infrastructure associated with these rigs is hereby transferred to
Shelf Drilling, while Noble will continue to operate the Noble
Lloyd Noble under a bareboat charter with Shelf Drilling
through the conclusion of that rig's current drilling contract with
Equinor which is expected to finish in the second quarter of
2023.
"The closing of the Remedy Rigs sale is an essential element
to the transformative business combination with Maersk Drilling
which we completed earlier this week." said Robert Eifler, President and CEO of Noble.
Mr. Eifler continued, "The cash proceeds from the sale will
augment Noble's already conservative balance sheet and further
enhance our capital flexibility. I would like to extend my sincere
gratitude to the Noble employees who will transfer to Shelf
Drilling and wish them continued success."
About Noble Corporation
Noble is a leading offshore
drilling contractor for the oil and gas industry. Noble owns
and operates one of the most modern, versatile, and technically
advanced fleets in the offshore drilling industry. Noble and
its predecessors have been engaged in the contract drilling of oil
and gas wells since 1921. Noble performs, through its
subsidiaries, contract drilling services with a fleet of offshore
drilling units focused largely on ultra-deepwater and high
specification jackup drilling opportunities in both established and
emerging regions worldwide. For additional information, visit
www.noblecorp.com or email investors@noblecorp.com.
IMPORTANT INFORMATION
This announcement is for
information purposes only and does not constitute or contain any
invitation, solicitation, recommendation, offer or advice to any
person to subscribe for or otherwise acquire or dispose of any
securities of Noble.
Certain statements in this announcement, including any
attachments hereto, may constitute forward-looking statements.
Forward-looking statements are statements (other than statements of
historical fact) relating to future events and Noble and its
subsidiaries (collectively, the "Noble Group") anticipated
or planned financial and operational performance. The words
"targets", "believes", "continues", "expects", "aims", "intends",
"plans", "seeks", "will", "may", "might", "anticipates", "would",
"could", "should", "estimates", "projects", "potentially" or
similar expressions or the negatives thereof, identify certain of
these forward-looking statements. The absence of these words,
however, does not mean that the statements are not forward-looking.
Other forward-looking statements can be identified in the context
in which the statements are made.
Although Noble believes that the expectations reflected in these
forward-looking statements are reasonable as of the date of this
announcement, such forward-looking statements are based on Noble's
current expectations, estimates, forecasts, assumptions and
projections about the Noble Group's business and the industry in
which the Noble Group operates and/or which has been extracted from
publications, reports and other documents prepared by the Noble
Group and are not guarantees of future performance or development
and involve known and unknown risks, uncertainties and other
important factors beyond the Noble Group's control that could cause
the Noble Group's actual results, performance or achievements to
differ materially from any future results, performance or
achievements expressed or implied by such forward-looking
statements.
Any forward-looking statements included in this announcement,
including any attachment hereto, speak only as of today. Noble does
not intend, and does not assume, any obligations to update any
forward-looking statements contained herein, except as may be
required by law or the rules of the New York Stock Exchange or
Nasdaq Copenhagen. All subsequent written and oral forward-looking
statements attributable to Noble or to persons acting on its behalf
are expressly qualified in their entirety by the cautionary
statements referred to above and contained in this announcement,
including any attachment hereto.
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SOURCE Noble Corporation plc