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NOBLE CORPORATION PLC ANNOUNCES NEW AWARDS TOTALING $1.3 BILLION AND STRATEGIC ENTRY INTO THE NORWEGIAN FLOATER MARKET
Noble Corporation plc (NYSE: NE, "Noble", or the "Company") today announced new contract awards for 9 rigs comprising approximately $1.3 billion of backlog, including a three-year contract for the harsh environment semisubmersible Noble GreatWhite, which will expand the Company's existing Norway presence into the harsh environment floater market.
About this update from Noble Corporation Plc A
[{"type":"text","content":"HOUSTON, Jan. 26, 2026 /PRNewswire/ -- Noble Corporation plc (NYSE: NE, "Noble", or the "Company") today announced new contract awards for 9 rigs comprising approximately $1.3 billion of backlog, including a three-year contract for the harsh environment semisubmersible Noble GreatWhite, which will expand the Company's existing Norway presence into the harsh environment floater market.","length":411,"tagName":"p"},{"type":"text","content":"Robert W. Eifler, President and Chief Executive Officer of Noble, stated "These important backlog additions indicate a strong and broad-based demand for deepwater drilling on a multi-year basis. Additionally, the redeployment of four currently idle deepwater rigs should drive a meaningful utilization improvement across our fleet, with 92% of our 24 marketed floaters now contracted compared to 75% in our prior fleet status report. While these programs will present incremental one-time capital expenditure requirements in 2026, we expect them to help drive significantly increased fleet EBITDA and free cash flow in future years, which will be supported by a material reduction in capital expenditure beyond 2026. We look forward to expanding our scale in Norway while continuing to focus on reliable service quality and execution for all of our customers."","length":870,"tagName":"p"},{"type":"text","content":"New contract awards, as reflected in the Company's updated fleet status report published today and available on the Company's website (www.noblecorp.com), include the following:","length":185,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Noble GreatWhite has been awarded a new three-year contract with Aker BP for operations offshore Norway, expected to commence in Q2 2027. The award represents approximately $473 million of total contract value, including mobilization fee and excluding integrated services and bonus potential. This marks the Noble GreatWhite's first campaign in Norway and represents a significant step in expanding Noble's presence on the Norwegian Continental Shelf. In preparation for this campaign, Noble anticipates approximately $160 million of capital expenditures associated with reactivation and contract preparation activities.","length":629,"tagName":"p"}]},{"val":[{"type":"text","content":"Noble Gerr...