While some drilling contractors are struggling to get work for their offshore drilling rigs, Noble Corporation has announced two contract extensions at increased dayrates.
According to the company’s latest fleet status report, Saudi Aramco oil company has extended contracts for Noble’s two jack-up drilling rigs.
Under the contract, the rigs Noble Joe Beall and Noble Gene House have received contract extensions starting mid-November 2015, and late November 2015, respectively.
The rigs will stay in Saudi Arabia until late 2018, each at a dayrate of 143.000. Current dayrate for each rig is $81.000.
Also worth noting, the Noble Joe Beal will undergo two weeks of no dayrate downtime, as it needs to go to regulatory inspection and maintenance in the second quarter of 2015.
Offshore Energy Today Staff