Noble Corporation Fleet Status Report (04/28/2025 00: 00

Published: 2025-04-28 16:36:26 ET NE

Fleet Status Report

April 28, 2025

Recent Commercial Activity since February 17, 2025 report

Jackups

Noble Regina Allen

Noble Intrepid

One-well contract in Suriname expected to commence in October 2025 with estimated duration of 65 days and total contract value of $17.7 million including mobilization and demobilization fees.

One-well contract with DNO Norge in Norway expected to commence in August 2025 with estimated duration of 50-90 days.

Floaters

Noble Voyager +

V-Class Drillship TBN

Noble Developer +

V-Class Drillship TBN

Noble Discoverer

Noble Viking

Four-year contracts each with Shell in the US Gulf scheduled to commence in mid-2026 and Q4 2027, each include a base dayrate value of $606 million (inclusive of upgrades and services but excluding additional fees for mobilization and demobilization). Furthermore, there is the potential to earn performance incentive compensation of up to a maximum of 20% of the base value. The performance incentive is not guaranteed and is contingent upon achieving specific performance targets. Plus four one-year extension options per rig at mutually agreed rates.

16-well (estimated 1,060 days) contracts each with TotalEnergies in Suriname scheduled to commence between Q4 2026 and Q1 2027. Together, the firm revenue of the two contracts is $753 million. These contracts allow for an additional $297 million in revenue tied to collective operational performance program with TotalEnergies. Plus four one-well extension options per rig.

390-day option exercised by Petrobras in Colombia, extending the rig from July 2025 to August 2026 at its existing dayrate.

Commercial activity listed reflects all publicly announced contracts and option exercises since prior Fleet Status Report dated February 17, 2025.

The information contained in this fleet status report is as of the date of the report only and is subject to change without notice to the recipient, and we assume no duty to update any portion of the information contained herein. This fleet status report contains statements that are not historical facts, which are "forward-looking statements" within the meaning of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements about the estimated duration of client contracts, contract dayrate amounts, future contract commencement dates, shipyard projects, our business, financial performance, and prospects. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Various factors could cause actual results to differ materially.

The following information should be read in conjunction with Noble Corporation plc's ("Noble") filings with the Securities & Exchange Commission (the "SEC"), including its annual report on Form 10-K and its subsequent quarterly reports on Form 10-Q, and in particular the description of, and assumptions with respect to, Noble's backlog and the associated risks as well as the other risk factors contained therein. Such filings are available on Noble's website at https://www.noblecorp.com and on the SEC's website at https://www.sec.gov.

Contract Backlog

The duration and timing (including both starting and ending dates) of the customer contracts are estimates only, and customer contracts are subject to cancellation, suspension, delays for a variety of reasons, and for certain customers, reallocation of term among contracted rigs, including some beyond Noble's control. The contract backlog represents the maximum contract drilling revenues that can be earned considering the contractual operating dayrate in effect during the firm contract period. The actual average dayrate will depend upon a number of factors (rig downtime, suspension of operations, etc.) including some beyond Noble's control. The dayrates do not include revenue for mobilizations, demobilizations, performance incentives, upgrades, contract preparation, shipyards or recharges, unless specifically otherwise stated.

One well plus one priced option well with Shell Brunei Petroleum ("Shell"), scheduled to commence in Q4 2025, valued at $14 million over estimated firm 30 days.

Floater Fleet Contract Status

Drillships (7G)

Rig Name

Design

Built

Rated Depth

Water (ft.)

Location

Operator

Start Date

End Date

Dayrate

Comments

Noble Faye Kozack

Samsung 96K

2013

12,000

Brazil

Petrobras

Jul-24

Jan-27

Undisclosed

Includes MPD services.

Noble Stanley Lafosse

Samsung 96K

2014

12,000

US Gulf

Murphy

Feb-25

Feb-26

Undisclosed

Five one-well options remaining at mutually agreed dayrates.

Noble Valiant

Samsung 96K

2014

12,000

US Gulf

TBD

Available.

Next either to Shell in US Gulf or TotalEnergies in Suriname- see comments on Noble Voyager / Noble Developer for details.

Noble Venturer

Samsung 96K

2014

12,000

Namibia Ghana Ghana TBD

Rhino Resources Tullow

Tullow

TBD

Dec-24 May-25 Nov-25 TBD

May-25 Jul-25 Aug-26 TBD

$410,000

Undisclosed Undisclosed TBD

Total contract value of $171 million for estimated 360 days across two phases. Plus 3 x two-well priced options.

Next either to Shell in US Gulf or TotalEnergies in Suriname- see comments on Noble Voyager / Noble Developer for details.

Noble Viking

Samsung 96K

2014

12,000

Malaysia Philippines Brunei

Shell Prime Shell

Feb-25 Jun-25 Nov-25

Jun-25 Nov-25 Dec-25

$442,000

$499,000

$470,000

Dayrate includes MPD but excludes integrated services and mobilization fee.

Dayrate excludes additional fees for MPD and mobilization.

One well (est 30 days) valued at $14 million. Plus priced option for one additional P&A well.

Noble Voyager

Samsung 96K

2015

12,000

Curacao

US Gulf

Shell

Mid-26

Q2-30

Undisclosed

Available

Four-year contract, base dayrate value of $606 million (incl. upgrades and services but excl. additional fees for mob/demob), plus potential performance incentive compensation up to max of 20% of base value, subject to achieving specific performance targets. Plus four 1-year options at mutually agreed rates.

Pacific Meltem

Samsung 96K

2014

12,000

Las Palmas

Sale in progress

Noble Tom Madden

Gusto P10000

2014

12,000

Guyana

ExxonMobil

Dec-19

Aug-28

Market based

Contract award under CEA - See Note #1

Noble Sam Croft

Gusto P10000

2014

12,000

Guyana

ExxonMobil

Apr-19

Aug-28

Market based

Contract award under CEA - See Note #1

Noble Don Taylor

Gusto P10000

2013

12,000

Guyana

ExxonMobil

Nov-19

Aug-28

Market based

Contract award under CEA - See Note #1

Noble Bob Douglas

Gusto P10000

2013

12,000

Guyana

ExxonMobil

Apr-18

Aug-28

Market based

Contract award under CEA - See Note #1

Dayrates under the CEA framework are repriced on March 1 and September 1 each year.

Floater Fleet Contract Status

Drillships (7G, cont)

Rig Name

Design

Built

Rated Depth

Water (ft.)

Location

Operator

Start Date

End Date

Dayrate

Comments

Noble BlackHawk

Gusto P10000

2014

12,000

US Gulf

Occidental

Nov-24

Nov-26

Undisclosed

2-year contract valued at $350 million, excluding potential additional fees for MPD services. Plus three 1-year unpriced options.

Ocean BlackHornet

Gusto P10000

2014

12,000

US Gulf

Feb-25

Feb-27

Undisclosed

Two-year contract valued at $350 million. Plus a 1-year unpriced option.

Ocean BlackLion

Gusto P10000

2015

12,000

US Gulf

Sep-24

Sep-26

Undisclosed

2-year contract valued at $350 million. Plus a 1-year unpriced option.

Noble

BlackRhino

Gusto P10000

2014

12,000

US Gulf

Beacon Offshore

Jan-25

Jul-25

Undisclosed

Contract valued at $89 million for 180 days, excluding mobilization

and any additional services.

Drillships (6G)

Rig Name

Design

Built

Rated Depth

Water (ft.)

Location

Operator

Start Date

End Date

Dayrate

Comments

Noble Globetrotter I

Globetrotter Class

2011

10,000

US Gulf

Undisclosed

Jan-25

May-25

Undisclosed

Plus five priced options.

Noble Globetrotter II

Globetrotter Class

2013

10,000

US Gulf

Available

Noble Gerry de Souza

Samsung 12,000

2011

12,000

Nigeria

TotalEnergies

Jan-25

Jun-25

Undisclosed

Plus priced options comprising slightly greater than one year.

Pacific Scirocco

Samsung 12,000

2011

12,000

Las Palmas

Sale in progress

Floater Fleet Contract Status

Semisubmersibles (6G)

Rig Name

Design

Built

Rated Depth

Water (ft.)

Location

Operator

Start Date

End Date

Dayrate

Comments

Noble Deliverer

DSS21-DPS2

2010

10,000

Malaysia

Available

Noble Developer

DSS21-DPS2

2009

10,000

Suriname Americas Suriname

Petronas Shell

TotalEnergies

Jun-25

May-26 Q4-26

Dec-25

Nov-26 Q3-29

Undisclosed Undisclosed Undisclosed

Three wells (est 200 days) valued at $84 million including mobilization, demobilization and additional services. Plus a one-well option.

180-day contract valued at $70 million, including mobilization and

demobilization.

16-well contract (estimated 1,060 days). Plus four one-well options.

Noble Discoverer

DSS21-DPS2

2009

10,000

Colombia

Petrobras

Jun-24

Aug-26

Undisclosed

Plus unpriced option of up to 400 days.

Ocean GreatWhite

Moss CS-60E

2016

10,000

Mar-23

May-25

Undisclosed

5-well contract valued at $80 million.

Ocean Courage

F&G ExD Millennium

2009

10,000

Brazil

Petrobras

Dec-23

Dec-27

Undisclosed

4-year contract valued at $429 million, including mobilization and additional services. Plus unpriced option for up to 4 years.

Semisubmersibles (other)

Rig Name

Design

Built

Rated Depth

Water (ft.)

Location

Operator

Start Date

End Date

Dayrate

Comments

Ocean Apex

Enhanced Victory

1976 /

2014

6,000

Australia Australia

Santos Chevron

Jun-24 May-25

May-25 Aug-25

Undisclosed Undisclosed

Noble Endeavor

Enhanced Victory

1975 /

2006

10,000

Shell

May-19

Sep-25

Undisclosed

Noble Patriot

Bingo 3000

1983

1,500

TAQA

Jan-25

Jan-29

Undisclosed

Contract comprises 51 well P&A scope with estimated 4-year duration. Plus priced option for one additional P&A well.

1) Enhanced Victory class semis reflect year of original construction as well as year of major upgrade.

Disclaimer

Noble Corporation plc published this content on April 28, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 28, 2025 at 20:35 UTC.