LONDON, Sept. 21, 2018 /PRNewswire/ — Noble Corporation plc (NE) today appear the acquirement of a new Gusto MSC CJ46 architecture jackup rig from the PaxOcean Group (PaxOcean) in affiliation with a accordingly awarded conduct contract.
Noble paid $33.75 actor of the $93.75 actor acquirement bulk in cash, with the of the acquirement price, or $60 actor seller-financed at a 4.25% absorption bulk paid in banknote and 1.25% paid in affectionate over the appellation of the financing. The Aggregation acclimated absolute banknote balances for the antecedent acquittal and the anchored seller-financed bulk is to be repaid in four years. The Aggregation additionally has an advantage for the acquirement of a additional newbuild CJ46 jackup from PaxOcean.
The newbuild jackup, to be called the Noble Johnny Whitstine, was congenital at the PaxOcean Graha shipyard in Batam, Indonesia. The able-bodied rig architecture for abstinent environments allows for operations in baptize base of up to 375 anxiety and able-bodied base of 30,000 feet. A avant-garde conduct ascendancy arrangement and able 70 ft. x 40 ft. envelope axle skidding arrangement able with two draft out preventers accord to the rig’s added conduct capabilities.
In affiliation with the purchase, Noble has entered into a new conduct arrangement in the Middle East arena with a three-year primary term, additional a one-year option, with an accepted admission of early-2019.
Julie J. Robertson, Chairman, President and Chief Executive Officer of Noble Corporation plc, stated, “With our exceptional jackup rig agile absolutely committed through late-2018, and added affirmation of ascent jackup appeal into 2019, we abide focused on advance opportunities that reinforce our aggressive position. This adorable accretion of a accurate and awful able jackup architecture will accommodate us with a a appellation arrangement charge and approaching opportunities area growing chump appeal is evident.”
About Noble Corporation plcNoble is a arch adopted conduct architect for the oil and gas industry. The Aggregation owns and operates one of the best modern, able and technically avant-garde fleets in the adopted conduct industry. Noble performs, through its subsidiaries, arrangement conduct casework with a agile of 25 adopted conduct units, consisting of 12 drillships and semisubmersibles and 13 jackups, focused abundantly on ultra-deepwater and high-specification jackup conduct opportunities in both accustomed and arising regions worldwide. Noble is a accessible bound aggregation registered in England and Wales with aggregation cardinal 08354954 and registered appointment at Devonshire House, 1 Mayfair Place, London, W1J 8AJ England. Additional advice on Noble is accessible at www.noblecorp.com.
Forward-looking Disclosure StatementStatements apropos the new conduct contract, the arrangement commencement, the seller-finance terms, arrangement commitments, basic expenditures, chump relationships and requirements, cardinal initiatives, advance opportunities, the adopted conduct market, bazaar outlook, basic allocation strategies, as able-bodied as any added statements that are not absolute facts in this release, are advanced statements that absorb assertive risks, uncertainties and assumptions. These accommodate but are not bound to affairs that anticipate or adjournment the closing of the transaction, operating hazards and delays, shipyard risks and timing, delays in mobilization of the rig, risks associated with operations alfresco of the U.S., accomplishments or claims by authoritative authorities, barter and added third parties, legislation and regulations affecting conduct operations, acquiescence with authoritative requirements, factors affecting the akin of action in the oil and gas industry, accumulation and appeal of conduct rigs, factors affecting the continuance of contracts, the absolute bulk of downtime, factors that abate applicative dayrates, violations of anti-corruption laws, hurricanes and added acclimate conditions, bazaar conditions, the approaching bulk of oil and gas and added factors abundant in the Company’s best contempo Form 10-K, Form 10-Q’s and added filings with the Securities and Exchange Commission. Should one or added of these risks or uncertainties materialize, or should basal assumptions prove incorrect, absolute after-effects may alter materially from those indicated.
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