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8-K - NOBLE CORP 8-K 7-8-2010 - Noble Finance Coform8k.htm

Exhibit 99.1
 
 
NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - July 8, 2010
       
.
 
Approximate actual and estimated unpaid down time days *
 
RIG
RIG DESIGN
YEAR BUILT / REBUILT
WATER DEPTH
LOCATION
 
OPERATOR
ESTIMATED CONTRACT START DATE
 
ESTIMATED CONTRACT EXPIRATION DATE
 
FULL CONTRACT DAYRATE ($000)
COMMENTS
2Q-10
3Q-10
3Q-10
4Q-10
                           
A
A
E
E
This fleet status report contains information on contracts and letters of intent or awards with our customers.  Letters of intent or awards are noted in the comments section and may not result in an actual drilling contract. The information contained in this fleet status report is as of the date of the report only and is subject to change without notice to the recipient, and we assume no duty to update any portion of the information contained herein.  This fleet status report contains statements that are not historical facts, which are “forward-looking statements” within the meaning of the U.S. federal securities laws.  Forward-looking statements include, but are not limited to, statements about estimated duration of client contracts, contract dayrate amounts, future contract commencement dates, shipyard projects, our business, financial performance and prospects.  Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct.  Various factors could cause actual results to differ materially.
         
Full Contract Dayrate reflects the full daywork operating rate payable to the Company by the operator as provided in the applicable drilling contract unless otherwise specified.  The average dayrate over the term of the contract will be lower and could be substantially lower.  The actual average dayrate will depend upon a number of factors (rig downtime, suspension of operations, etc.) including some beyond our control.  Our client contracts and operations are generally subject to a number of risks and uncertainties. We discuss these factors, including risks, uncertainties and assumptions concerning actions by our clients, governments and other third parties, drilling activity levels, market conditions, operational difficulties, weather related events and other matters, from time to time in our filings with the U.S. Securities and Exchange Commission (“SEC”), which we urge you to review and which are available free of charge on the SEC’s Web site at www.sec.gov.
       
         
The Company recently announced that it has entered into a merger agreement pursuant to which it will acquire privately-held FDR Holdings Limited ("Frontier").  The Company also announced at the same time several agreements with Royal Dutch Shell plc ("Shell"), including new long-term contracts for the Noble Globetrotter and a second newbuild rig, and a 3-year extension for the Noble Jim Thompson, each of which is subject to the closing of the Frontier transaction.  Because the Frontier transaction has not closed, this fleet status report does not include any information regarding the Frontier fleet or any of the Shell agreements that are subject to such closing.
       
                                   
 
U.S. Gulf of Mexico Semisubmersibles (6)
                             
                                   
 
Noble Danny Adkins - Newbuild
Bingo 9000
1999/2009
12,000'-DP
In-transit & acceptance testing
 
Shell
10/16/2009
 
5/25/2010
 
424-426
 
55
     
         
US GOM
 
Shell
5/26/2010
 
6/26/2010
 
446-448
         
         
US GOM
 
Shell
6/27/2010
 
11/30/2010
 
68-70
Suspension rate during period of limitation on certain activities in the U.S. Gulf of Mexico. Shell will provide certain operational support in addition to suspension rate. The suspension period shall be extended in the event the period of limitation on certain activities in the U.S. Gulf of Mexico is suspended.
       
         
US GOM
 
Shell
12/01/2010
 
2/15/2014
 
446-448
 
       
                                   
 
Noble Clyde Boudreaux (a, b)
F&G 9500 Enhanced Pacesetter
1987/2007
10,000'
US GOM
 
Noble Energy
11/16/2009
 
6/14/2010
 
604-606
    13      
         
US GOM
 
Noble Energy
6/15/2010
 
12/12/2010
 
144-146
Standby rate from June 15, 2010 though December 12, 2010.  Pursuant to the agreement reached regarding the standby period, the companies have agreed to negotiate in good faith to enter into a new drilling contract for the unit following the standby period at a dayrate of $396,000 - $398,000. The parties contemplate that the term of this new contract would be equal to the remainder of the original contract term, previously expected to end in November 2011, exclusive of the standby period.  However, there is no guarantee that agreement or a new contract will be reached.
       
                                   
 
Noble Amos Runner (a)
Noble EVA 4000™
1982/1999
8,000'
US GOM
 
Anadarko
4/25/2008
 
3/08/2011
 
439-441
We have a dispute with our client, Anadarko, who terminated the drilling contract effective June 13, 2010 under the force majeure provisions of the contract. We do not believe Anadarko had the right to terminate and have included the related revenues in our backlog ($117 million) We will not realize this amount if Anadarko is successful in the related litigation.
       
                                   
 
Noble Jim Thompson (a)
Noble EVA 4000™
1984/1999
6,000'
US GOM
 
Shell
3/02/2009
 
6/26/2010
 
504-506
 
4
     
         
US GOM
 
Shell
6/27/2010
 
11/30/2010
 
46-48
Suspension rate during period of limitation on certain activities in the U.S. Gulf of Mexico. Shell will provide certain operational support in addition to suspension rate. The suspension period shall be extended in the event the period of limitation on certain activities in the U.S. Gulf of Mexico is suspended.
       
         
US GOM
 
Shell
12/01/2010
 
2/28/2011
 
504-506
Pursuant to our agreement with Shell and subject to the Frontier transaction closing, Noble will reduce the current dayrate to $335,000 - $337,000 as of the Frontier closing date. This same dayrate, plus an increase for anticipated capital expenditures expected to be incurred at the request of Shell, will also apply during a three-year extension, which is scheduled to begin following the conclusion of the current contract in March 2011 (plus the suspension period and plus any upgrade period to the extent it occurs beyond the period of suspension) and is subject to the closing of the Frontier transaction. The revised dayrate will be eligible for a 15% performance bonus.
       
                   
 
             
 
Noble Paul Romano (a)
Noble EVA 4000™
1981/1998
6,000'
US GOM
 
Marathon
2/17/2010
 
6/15/2010
 
374-376
         
               
6/16/2010
     
-
Available.
19
8
   
                                   
 
Noble Lorris Bouzigard (b)
Pentagone 85
1975/2003
4,000'
US GOM
 
LLOG
6/23/2008
 
6/24/2010
 
269-271
 
2
     
         
US GOM
 
LLOG
6/25/2010
 
6/24/2011
 
334-336
         
                                   
 
U.S. Gulf of Mexico Submersibles (2)
                             
 
Noble Joe Alford
Pace Marine 85G
1982/2006
70’-C
US GOM
 
Shipyard
9/17/2009
     
-
Cold Stacked.
91
8
84
92
                                   
 
Noble Lester Pettus
Pace Marine 85G
1982/2007
70’-C
US GOM
 
Shipyard
6/10/2009
     
-
Cold Stacked.
91
8
84
92
                                   
 
Mexico Semisubmersible (1) (c)
                             
                                   
 
Noble Max Smith
Noble EVA 4000™
1980/1999
7,000'
Bay of Campeche
 
Pemex
8/01/2008
 
7/31/2011
 
483-485
         
                                   
 
Mexico Jackups (12) (c, d)
                             
 
Noble Bill Jennings
MLT Class 84-E.R.C.
1975/1997
390’-IC
Bay of Campeche
 
Pemex
3/18/2010
 
6/17/2010
 
109-111
This contract commenced 6/18/2008.  This contract reprices every three months based on an index of jackup rates in seven international regions.  On 3/18/2010, the contract repriced at a new dayrate of $109k-$111k.
       
         
Bay of Campeche
 
Pemex
6/18/2010
 
11/10/2010
 
94-96
Received contract extension.
7
     
                                   
 
Noble Eddie Paul
MLT Class 84-E.R.C.
1976/1995
390’-IC
Bay of Campeche
 
Pemex
1/01/2010
 
6/03/2010
 
127-129
         
         
Bay of Campeche
 
Pemex
6/04/2010
 
7/31/2010
 
94-96
Received a direct assignment.
       
                                   
 
Noble Leonard Jones
MLT Class 53-E.R.C.
1972/1998
390’-IC
Bay of Campeche
 
Pemex
3/31/2010
 
6/22/2010
 
104-106
We have received a contract extension on Part 3 which extends the contract from 3/31/2010 to 6/22/2010 at a dayrate of $104k-$106k.
       
         
TBA
 
TBA
6/23/2010
     
-
Available.
7
8
   
                                   
 
Noble Johnnie Hoffman
Baker Marine BMC 300
1976/1993
300’-IC
Bay of Campeche
 
Pemex
10/31/2007
 
4/14/2010
 
170-172
         
         
Bay of Campeche
 
Pemex
4/15/2010
 
7/25/2010
 
84-86
Received contract extension. We have received a letter requesting a contract extension which, subject to agreement on dayrate, would extend the contract to 10/13/2010.
       
                                   
 
Noble Gene Rosser
Levingston Class 111-C
1977/1996
300’-IC
Bay of Campeche
 
Pemex
12/21/2007
 
6/19/2010
 
170-172
         
         
Bay of Campeche
 
Pemex
6/20/2010
 
12/19/2010
 
79-81
Received contract extension.
2
     
                                   
 
Noble John Sandifer
Levingston Class 111-C
1975/1995
300’-IC
Bay of Campeche
 
Pemex
3/21/2010
 
6/17/2010
 
84-86
       
10
         
Bay of Campeche
 
Pemex
6/17/2010
 
9/18/2010
 
79-81
Received contract extension.
       
                                   
 
Noble Lewis Dugger
Levingston Class 111-C
1977/1997
300’-IC
Bay of Campeche
 
Pemex
3/18/2010
 
5/29/2010
 
84-86
This contract commenced 6/18/2008.  The contract reprices every three months based on an index of jackup rates in seven international regions.  On 3/18/2010, the contract repriced at a new dayrate of $84k-$86k.
       
         
Bay of Campeche
 
Pemex
5/30/2010
 
10/18/2010
 
79-81
Received a direct assignment.
       
                                   
 
Noble Sam Noble
Levingston Class 111-C
1982
300’-IC
Bay of Campeche
 
Pemex
3/22/2010
 
9/19/2010
 
84-86
Received contract extension.
     
10
                                   
 
Noble Roy Butler
F&G L-780 MOD II
1982/1998
  250’-IC (f)
Bay of Campeche
 
Pemex
3/06/2009
 
4/23/2010
 
167-169
We have received a letter requesting an extension which, subject to agreement on dayrate, would extend the contract to 7/18/2010.
       
         
Bay of Campeche
 
Pemex
4/24/2010
 
7/18/2010
 
59-61
Received contract extension.
       
         
Bay of Campeche
 
Pemex
7/19/2010
 
3/29/2011
 
62-64
Received a letter of award.
       
                                   
 
Noble Earl Frederickson
MLT Class 82-SD-C
1979/1999
250’-IC
Bay of Campeche
 
Pemex
1/13/2010
 
4/12/2010
 
76-78
This contract commenced 7/13/2008.  The contract reprices every three months based on an index of jackup rates in seven international regions. On 1/13/2010, the contract repriced at a dayrate of $76k-$78k.
     
21
         
Bay of Campeche
 
Pemex
4/13/2010
 
8/25/2010
 
67-69
On 4/13/2010, the contract repriced at a dayrate of $67k-$69k.  The next date on which the contract is expected to reprice is 7/13/2010.
       
                                   
 
Noble Tom Jobe
MLT Class 82-SD-C
1982
250’-IC
Bay of Campeche
 
Pemex
2/07/2010
 
5/06/2010
 
78-80
This contract commenced 8/07/2008.  The contract reprices every three months based on an index of jackup rates in seven international regions. On 2/07/2010, the contract repriced at a new dayrate of $78k-$80k.
       
         
Bay of Campeche
 
Pemex
5/07/2010
 
12/06/2011
 
77-79
On 5/07/2010, the contract repriced at a new dayrate of $77k-$79k.  The next date on which the contract is expected to reprice is 8/07/2010.
2
   
10
                                   
 
Noble Carl Norberg
MLT Class 82-C
1976/2003
250'-IC
Bay of Campeche
 
Pemex
6/02/2010
 
3/02/2011
 
76-78
This contract commenced on 3/02/2009.  The contract reprices every three months based on an index of jackup rates in seven international regions.  On 6/02/2010, the contract repriced at a new dayrate of $76k-$78k.  The next date on which the contract is expected to reprice is 9/02/2010.
1
 
10
 
                                   
 
Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.
 
 
Page 1 of 3

 
 
 
 
NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - July 8, 2010
       
 
 
Approximate actual and estimated unpaid down time days *
 
RIG
RIG DESIGN
YEAR BUILT / REBUILT
WATER DEPTH
LOCATION
 
OPERATOR
ESTIMATED CONTRACT START DATE
 
ESTIMATED CONTRACT EXPIRATION DATE
 
FULL CONTRACT DAYRATE ($000)
COMMENTS
2Q-10
3Q-10
3Q-10
4Q-10
                           
A
A
E
E
                                   
 
Brazil Semisubmersibles (3) (c )
                             
 
Noble Dave Beard - Newbuild
F&G 9500 Enhanced Pacesetter
1986/2008
10,000'-DP
Brazil
 
Petrobras
3/19/2010
 
3/18/2015
 
219-221
Eligible for a maximum 15% bonus.
52
2
   
                                   
 
Noble Paul Wolff
Noble EVA 4000™
1981/1999/
2006
9,200'-DP
Brazil
 
Petrobras
11/04/2009
 
11/03/2014
 
427-429
Eligible for a maximum 15% performance bonus.
3
1
   
                                   
 
Noble Therald Martin (b)
Pentagone 85
1977/2004
4,000'
Brazil
 
Petrobras
4/11/2007
 
10/17/2010
 
113-115
Eligible for a maximum of 15% performance bonus.
       
         
Brazil
 
Petrobras
10/18/2010
 
10/17/2015
 
269-271
Eligible for a maximum of 10% performance bonus.
10
16
   
                                   
 
Brazil Drillships (3) (c )
                             
 
Noble Roger Eason (b)
NAM Nedlloyd-C
1977/2005
7,200'-DP
Brazil
 
Petrobras
3/15/2010
 
2/21/2012
 
346-348
Eligible for a maximum of 15% performance bonus.
78
7
   
         
Brazil
 
Petrobras
2/22/2012
 
10/19/2012
 
89-91
Anticipate  entering the shipyard for +/- 240 days for rig modifications, regulatory inspection, and sea trials, of which 150 days are expected tobe paid at a dayrate of $89k-$91k.
       
         
Brazil
 
Petrobras
10/20/2012
 
8/12/2016
 
346-348
Eligible for a maximum of 15% performance bonus.
       
                                   
 
Noble Leo Segerius (b)
Gusto Engineering Pelican Class
1981/2002
5,600’-DP
Brazil
 
Petrobras
6/30/2009
 
3/07/2011
 
300-302
Eligible for a maximum of 15% performance bonus.
41
3
   
         
Brazil
 
Petrobras
3/08/2011
 
11/03/2011
 
89-91
Anticipate entering the shipyard for +/- 240 days for rig modifications, regulatory inspection, and sea trials, of which 150 days are expected to be paid at a dayrate of $89k-$91k.
       
         
Brazil
 
Petrobras
11/04/2011
 
1/23/2016
 
300-302
Eligible for a maximum of 15% performance bonus.
       
                                   
 
Noble Muravlenko
Gusto Engineering Pelican Class
1982/1997
4,900’-DP
Brazil
 
Petrobras
5/10/2009
 
2/11/2013
 
289-291
Eligible for a maximum of 15% performance bonus.
10
3
   
         
Brazil
 
Petrobras
2/12/2013
 
10/10/2013
 
89-91
Anticipate entering the shipyard for +/- 240 days for rig modifications, regulatory inspection, and sea trials, of which 150 days are expected to be paid at a dayrate of $89k-$91k.
       
         
Brazil
 
Petrobras
10/11/2013
 
8/14/2015
 
289-291
Eligible for a maximum of 15% performance bonus.
       
                                   
 
North Sea Semisubmersible (1)
                             
 
Noble Ton van Langeveld
Offshore Co. SCP III Mark 2
1979/2000
1,500'
United Kingdom
 
Centrica/Maersk
6/30/2009
 
6/29/2010
 
379-381
         
         
United Kingdom
 
Centrica/Maersk
6/30/2010
 
10/14/2010
 
246-248
 
4
     
                                   
 
North Sea/Mediterranean Semisubmersible (1)
                             
 
Noble Homer Ferrington
F&G 9500 Enhanced Pacesetter
1985/2004
7,200
Libya
 
ExxonMobil
4/18/2009
 
4/17/2012
 
536-538
Uplift in dayrate for operations in Libya from contract dayrate of $505k-$507k per day included.  Upgrades, repairs, and inspections between wells.
73
 
   
                                   
 
North Sea Jackups (9)
                             
 
Noble Hans Deul
F&G JU-2000E
2009
400'-IC
Netherlands
 
Shell
2/06/2009
 
2/05/2011
 
127-129
         
         
United Kingdom
 
Shell
2/06/2011
 
2/05/2013
 
174-176
Received two-year extension.
       
                                   
 
Noble Scott Marks
F&G JU-2000E
2009
400'-IC
United Kingdom
 
Centrica
9/07/2009
 
9/06/2011
 
212-214
Dayrate includes cost escalation adjustments.
       
                                   
 
Noble Julie Robertson
Baker Marine Europe Class
1981/2001
 390'-IC (e)
United Kingdom
 
Centrica
9/15/2009
 
9/17/2010
 
211-213
         
         
 
                       
 
Noble Al White
CFEM T-2005-C
1982/2005
360’-IC
Netherlands
 
Total
12/03/2009
 
6/03/2011
 
111-113
Plus a six month priced option.
       
                                   
 
Noble Byron Welliver
CFEM T-2005-C
1982
300’-IC
United Kingdom
 
ATP
3/03/2010
 
10/31/2010
 
85-87
         
                                   
 
Noble Lynda Bossler
MSC/CJ-46
1982
250’-IC
Netherlands
 
Cirrus Energy
4/01/2010
 
7/31/2010
 
88-90
         
                                   
 
Noble Piet van Ede
MSC/CJ-46
1982
250’-IC
Netherlands
 
Gaz de France
2/23/2010
 
8/31/2010
 
108-110
Two-well extension.
       
             
Shipyard
9/1/2010
 
9/30/2010
 
-
Enter the shipyard on 9/01/2010 for 30 days at zero dayrate.
   
30
 
         
Netherlands
 
Gaz de France
10/1/2010
 
9/30/2011
 
85-87
Received one-year extension.
       
                                   
 
Noble Ronald Hoope
MSC/CJ-46
1982
250’-IC
Netherlands
 
Gaz de France
2/23/2010
 
8/15/2010
 
92-94
Plus two priced option wells; estimated time to complete each well is +/- 60 days.
       
         
Netherlands
 
Gaz de France
8/16/2010
 
1/15/2011
 
86-88
Received two-well extension.
       
                                   
 
Noble George Sauvageau
NAM Nedlloyd-C
1981
250’-IC
Netherlands
 
Wintershall
1/01/2010
 
12/31/2010
 
117-119
         
                                   
 
West Africa Jackups (5) (c )
                             
 
Noble Percy Johns
F&G L-780 MOD II
1981/1995
300’-IC
Nigeria
 
ExxonMobil
3/26/2010
 
6/30/2010
 
84-86
         
         
Nigeria
 
ExxonMobil
7/01/2010
 
6/30/2012
 
84-86
2-years firm plus a 1-year priced option; which is subject to a 240-day notice of cancellation.
      19  
                                   
 
Noble Tommy Craighead
F&G L-780 MOD II
1982/2003
300’-IC
Cameroon
 
Shipyard
5/19/2009
 
4/30/2010
 
-
Available.
30
     
         
Cameroon
 
EurOil
5/01/2010
 
8/31/2010
 
89-91
Received contract for two wells plus two - one well priced options.
       
                                   
 
Noble Ed Noble
MLT Class 82-SD-C
1984/2003
250’-IC
Nigeria
 
ExxonMobil
2/01/2010
 
6/30/2010
 
84-86
         
         
Nigeria
 
ExxonMobil
7/01/2010
 
6/30/2012
 
84-86
2-years firm plus a 1-year priced option; which is subject to a 240-day notice of cancellation.
       
                                   
 
Noble Lloyd Noble
MLT Class 82-SD-C
1983/1990
250’-IC
Nigeria
 
Amni
1/07/2010
 
7/16/2010
 
89-91
         
                                   
 
Noble Don Walker
Baker Marine BMC 150-SD
1982/1992
150’-IC
Cameroon
 
Shipyard
3/11/2009
     
-
Available.
91
8
   
 
Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.
 
 
Page 2 of 3

 
 
 
 
NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - July 8, 2010
       
.
 
Approximate actual and estimated unpaid down time days *
 
RIG
RIG DESIGN
YEAR BUILT / REBUILT
WATER DEPTH
LOCATION
 
OPERATOR
ESTIMATED CONTRACT START DATE
 
ESTIMATED CONTRACT EXPIRATION DATE
 
FULL CONTRACT DAYRATE ($000)
COMMENTS
2Q-10
3Q-10
3Q-10
4Q-10
                           
A
A
E
E
                                 
 
Arabian Gulf Jackups (14) (c )
                             
 
Noble Roger Lewis
F&G JU-2000E
2007
400'-IC
Qatar
 
Shell
2/03/2008
 
4/27/2010
 
104-106
         
         
UAE/Hamriyah
 
Shipyard
4/28/2010
 
8/26/2010
 
-
Installation of leg extensions; upgrading steel.
71
8
41
 
                                   
 
Noble Jimmy Puckett
F&G L-780 MOD II
1982/2002
300'-IC
Qatar
 
RasGas
6/19/2009
 
4/04/2010
 
59-61
         
         
Qatar
 
RasGas
4/05/2010
 
4/04/2012
 
71-73
Option wells converted to a fixed contract which is subject to 120-day notice of cancellation plus a two-year priced option.
       
                                   
 
Noble Kenneth Delaney
F&G L-780 MOD II
1983/1998
300'-IC
Qatar
 
QatarGas 3 & 4
4/1/2010
 
5/14/2010
 
99-101
         
         
UAE (Hamriyah)
 
Shipyard
5/15/2010
 
8/31/2010
 
-
 
46
8
54
 
         
India
 
Deepwater Drilling/ONGC
9/01/2010
 
8/31/2013
 
49-51
Received a letter of award. Rig bareboat which would be chartered to Deepwater Drilling which is contracted with ONGC.
       
                                   
 
Noble Gus Androes
Levingston Class 111-C
1982/2004
300'-IC
Qatar
 
Maersk Oil Qatar
8/11/2009
 
11/11/2010
 
51-53
Rig substitution for Noble David Tinsley contract; rig to serve as an accommodation.
       
                                   
 
Noble Harvey Duhaney
Levingston Class 111-C
1976/2001
300'-IC
Qatar
 
Total
4/05/2009
 
6/04/2010
 
84-86
         
         
Qatar
 
Total
6/05/2010
 
12/01/2011
 
59-61
Contract is subject to a 60-day notice of cancellation.
       
                                   
 
Noble Alan Hay
Levingston Class 111-C
1980/2005
300'-IC
UAE (Dubai)
 
Dubai Petroleum
10/12/2009
 
11/15/2011
 
#
Rate withheld at request of operator.  Contract is subject to a 90-day notice of cancellation.   Entered the shipyard on 5/20/2010 for 90 days at zero dayrate for upgrades and survey; the Noble Roy Rhodes will be substituted during this period.
41
8
41
 
                                   
 
Noble Roy Rhodes
MLT Class 116-C
1979/2009
300’-IC
UAE (Sharjah)
 
Shipyard
1/01/2010
 
6/22/2010
 
-
Upgrades and regulatory inspection, then available.
87
     
         
UAE (Dubai)
 
Dubai Petroleum
6/23/2010
 
9/05/2010
 
#
Rig substitution for the Noble Alan Hay (formerly the Noble Mark Burns).
       
                                   
 
Noble Joe Beall
Modec 300C-38
1981/2004
300'-IC
Qatar
 
McDermott
11/10/2009
 
8/24/2010
 
53-55
Accommodation work.
       
                                   
 
Noble David Tinsley
Modec 300C-38
1981/2004
300'-IC
UAE (Hamriyah)
 
Shipyard
5/09/2009
 
9/30/2010
 
-
Estimated timing for leg repair/replacement.
91
8
84
 
                                   
 
Noble Gene House
Modec 300C-38
1981/1998
300'-IC
Qatar
 
Maersk Oil Qatar
5/21/2009
 
9/15/2010
 
47-49
Accommodation work.
       
                                   
 
Noble Charles Copeland
MLT Class 82-SD-C
1979/2001
280’-IC
UAE (Hamriyah)
 
Shipyard
12/01/2009
     
-
Available.
91
8
   
                                   
 
Noble Chuck Syring
MLT Class 82-C
1976/1996
250’-IC
Qatar
 
RasGas
2/04/2010
 
2/03/2011
 
47-49
Accommodation work.  Contract is subject to a 120-day notice of cancellation.
       
                                   
 
Dhabi II
Baker Marine BMC 150
1982/2006
150'-IC
UAE (Abu Dhabi)
 
ADOC
7/15/2008
 
7/14/2011
 
91-93
         
                                   
 
Noble Dick Favor
Baker Marine BMC 150
1982/2004
150'-IC
Bahrain
 
Occidental
12/29/2009
 
2/17/2010
 
69-71
         
         
UAE (Hamriyah)
 
Shipyard
2/18/2010
     
-
Available.
91
8
   
                                   
                                   
 
India Jackups (3) (c, d)
                             
 
Noble Ed Holt
Levingston Class 111-C
1981/2003
300’-IC
India
 
Jindal/ONGC
2/23/2010
 
2/22/2015
 
56-58
Rig bareboat chartered to Jindal which is contracted with ONGC.
       
                                   
 
Noble George McLeod
F&G L-780 MOD II
1981/1995
300’-IC
India
 
Jindal/ONGC
1/05/2009
 
1/04/2012
 
132-134
Rig bareboat chartered to Jindal which is contracted with ONGC.
       
                                   
 
Noble Charlie Yester
MLT Class 116-C
1980
300’-IC
India
 
Jindal/ONGC
12/30/2009
 
5/12/2010
 
59-61
Rig bareboat chartered to Jindal which is contracted with ONGC. Drilling well-to-well extension.
       
               
5/13/2010
 
6/07/2010
 
-
Mobilization and ONGC Acceptance.
21
     
               
6/08/2010
 
6/07/2013
 
49-51
Rig bareboat chartered to Jindal which is contracted with ONGC.
       
                                   
 
Far East Semisubmersibles (1)
                             
 
Noble Jim Day - Newbuild
Bingo 9000
1999/2009
12,000'-DP
Singapore - Jurong
 
Shipyard
   
6/08/2010
 
-
Mobilization delay caused by heavy lift company.
       
         
In-transit & acceptance testing
 
Marathon
6/17/2010
 
9/30/2010
 
-
Lump sum fee will offset mobilization costs.  The drilling contract for the  Noble Jim Day contains a termination right in the event the rig is not ready to commence operations by December 31, 2010.
       
         
US GOM
 
Marathon
10/01/2010
 
9/30/2014
 
514-516
         
                                   
 
Far East Drillship (2)
                             
 
Globetrotter 1 - Newbuild
Globetrotter Class
2011
10,000'-DP
Dalian, China - STX / Netherlands - Huisman
 
Shipyard
   
9/30/2011
 
-
Shell has entered into 10-year contracts for the Noble Globetrotter and a second newbuild drillship (anticipated to be delivered in the second half of 2013), subject to the closing of the Frontier transaction.  Each contract is at a fixed dayrate of $410,000 the first five years and is eligible for a 15% performance bonus.  During the second five years, the units will earn a dayrate based on a market index and also be eligible for a 15% performance bonus.
       
         
In-transit & acceptance testing
 
TBA
10/01/2011
 
12/31/2011
 
-
         
         
TBA
 
TBA
1/01/2012
 
TBA
 
TBA
Available.
       
                                   
  Newbuild Drillship TBA  2013  TBA TBA   Shipyard TBA   TBA   TBA
Shell has entered into 10-year contracts for the Noble Globetrotter and a second newbuild drillship (anticipated to be delivered in the second half of 2013), subject to the closing of the Frontier transaction.  Each contract is at a fixed dayrate of $410,000 the first five years and is eligible for a 15% performance bonus.  During the second five years, the units will earn a dayrate based on a market index and also be eligible for a 15% performance bonus.
       
                                   
                           
1231
120
447
235
(a)
Unit has been upgraded to the NC-5SM mooring standard.
             
(b)
Rig utilizes the Aluminum Alloy Riser technology.
             
(c)
In various market segments, the Company contracts with certain parties for the provision of certain local services and advice.  Compensation paid to such parties by the Company typically is based on a percentage of the drilling contract’s daywork operating rate, and the Company accounts for such payments in its financial statements in the contract drilling services operating costs and expenses line item.
   
2010 Total: (includes: shipyard, stacked, & downtime days.)
3076
     
(d)
Listed rigs are modified bareboat charter; cost structure varies by region.
             
(e)
Leg extensions fabricated to enable the rig to operate in up to 390' of water in a non-harsh environment.
             
(f)
Rig is currently equipped to operate in 250' of water.  Leg extensions fabricated to enable the rig to operate in up to 300' of water.
             
                                   
                                   
                                   
                                   
*
A = Actual approximate downtime incurred during the quarter indicated as of the report date;  E = Estimated additional downtime days expected to occur as of the report date.
             
                                   
 # =
Rate withheld at request of operator.
             
                                   
 
Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.
 
 
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