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Noble Corporation Secures New Rig Contracts and Completes Asset Sale

Noble Corporation Secures New Rig Contracts and Completes Asset Sale
29 October 2025 12

Offshore drilling giant Noble Corporation has announced several new rig contracts and the completed sale of one drilling unit, according to its latest fleet status report.

✅ New contracts for jack-up rigs

Noble Resolute

  • Built: 2008

  • New one-year contract with Eni in the Dutch North Sea

  • Dayrate: $125,000

  • Start: Q4 2025

  • Extension option: up to 18 months

Noble Interceptor

  • Built: 2014

  • 150-day contract with Aker BP in Norway

  • Total value: $38.7 million, including mob/demob

  • Start: August 2026

Noble Mick O’Brien

  • Built: 2013

  • Contract extension with Qatargas

  • New estimated end: November 2026

  • Five one-well options available after the term expires

✅ Semi-submersible rig contract extension

Noble Developer

  • Built: 2009

  • Petronas exercised an option for one additional well in Suriname

  •  

    • 70 days of work

  • Extension begins: January 2026

  • Current contract: $111 million for 4 wells + services

✅ Rig asset divestment update

Noble confirmed the sale of the Noble Reacher jack-up rig for $27.5 million.

The drillship Noble Globetrotter II remains on the market.

Additionally, the sale of Noble Highlander and Pacific Meltem was completed in Q3, generating $87 million in net proceeds.

📈 Backlog growth and performance

Including previously awarded contracts for Noble BlackLion and Noble BlackHornet, the company has secured approximately $740 million in new backlog since August.

📌 Total company backlog now stands at $7 billion

(excluding mob/demob revenues)

CEO Robert Eifler highlighted strong operational performance and cash flow, along with quarter-over-quarter and year-over-year backlog growth driven by new contract awards.

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