Noble Corporation reports Q3 results, posts net loss

Key awards included two-year contract extensions for the drillships Noble BlackLion and Noble BlackHornet with BP in the US Gulf of Mexico, each valued at $310 million. The Noble Venturer secured a one-well contract in Ghana at a dayrate of $450,000, and the jackup Noble Resolute was awarded a one-year contract in the North Sea.

Robert W. Eifler, President and CEO of Noble, stated, “We achieved solid operational performance and cash flow in the third quarter, while several key contract awards have enabled Noble to expand backlog compared to prior quarter and year ago levels.” He noted recent dayrate fixtures for Tier-1 drillships remained in the low to mid $400,000s.