Noble Corporation (NYSE:NE) Pronounces The Acquisition Of Two Contracts

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Noble Corporation (NYSE:NE) focuses on providing drilling services to the various companies in the gas and oil sector. The business guru operates through contracts and has witnessed immense growth over the years. It was today that the business guru outlined that it had secured two very important contracts.

The business giant says they are the Noble Globetrotter II and Noble Don Taylor.

A closer outlook

Asides from that, it has also purchased a jack-up rig. It reveals that it spent about $93.8 million on this.

Talos Energy Inc a short while ago gave Noble Don Taylor a rare opportunity. It was the chance to launch operations in the U.S. Gulf of México. It was way back in 2013 that reports came out showing that the Gusto P1000 UDW drillship project was currently underway.

Time seems to fly quite fast since this time around it engages in drilling activities for Talos. Sources show that in November it will start working on the new project.

The contract comes to a close early next year and on a daily basis the contractor will receive about $420,000. One of the top officials working with Noble says that any time soon Talos will let them know their dayrate. However, as per this moment in time uncertainty regarding the day rate remains unknown. Shell has also said that it will do its part by giving out the appropriate compensation.

Future expectations

Noble Globetrotter II believes in is on the right track considering the recent achievement where it won TOTAL’s contract. Reports indicate the activities in Bulgaria kick off in November and might reach completion early next year.

A great deal of people closely following on the matter want to know every aspect regarding the transaction. The financial details aspect still remains unknown to this moment in time. It was in the previous year that the rig undertook operations in the Black Sea.

Sources indicate that it undertook the operation with outstanding assistance from the Huisman unique lifting system. A person well conversant with the matter discloses that the drillship has the potential to move as deep as 12,000 feet.

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