Noble Finance Co - FORM 8-K - EX-99.1 - EXHIBIT 99.1

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8-K - NOBLE CORPORATION 8-K 9-28-2010 - Noble Finance Co	form8k.htm

Exhibit 99.1

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - September 29, 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

3Q-10

4Q-10

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.

U.S. Gulf of Mexico Semisubmersibles (8)

Noble Danny Adkins - Newbuild

Bingo 9000

1999/2009

12,000'-DP

US GOM

Shell

6/27/2010

8/18/2010

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 the 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 extended.

US GOM

Shell

8/19/2010

7/09/2014

446-448

BOP has been certified.

Noble Jim Day - Newbuild

Bingo 9000

1999/2009

12,000'-DP

In-transit & acceptance testing

Marathon

6/17/2010

11/30/2010

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. BOP is in the certification process.

US GOM

Marathon

12/01/2010

11/30/2014

514-516

Noble Clyde Boudreaux (a, b)

F&G 9500 Enhanced Pacesetter

1987/2007

10,000'

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. BOP is in the certification process.

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. BOP is in the certification process.

Noble Jim Thompson

(a)

Noble EVA 4000™

1984/1999

6,000'

US GOM

Shell

6/27/2010

11/30/2010

46-48

US GOM

Shell

12/01/2010

2/28/2011

335-337

Pursuant to our agreement with Shell and in connection with the Frontier transaction closing, Noble will reduce the current dayrate to $335,000-$337,000. 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). The revised dayrate will be eligible for a 15% performance bonus. BOP is in the certification process.

US GOM

Shell

3/01/2011

8/05/2014

335-337

Eligible for a maximum 15% bonus.

Noble Paul Romano (a)

Noble EVA 4000™

1981/1998

6,000'

US GOM

Shipyard

6/16/2010

Available. BOP is in the certification process.

Noble Driller

Aker H-3 Twin Hull S1289 Column

1976/2007

5,000'

US GOM

Shell

8/02/2010

12/31/2010

46-48

Suspension rate during period of limitation on certain activities in the U.S. Gulf of Mexico. BOP is in the certification process.

US GOM

Shell

1/01/2011

11/29/2012

382-384

Plus five one-year options.

Noble Lorris Bouzigard (b)

Pentagone 85

1975/2003

4,000'

US GOM

LLOG

6/25/2010

6/24/2011

334-336

BOP is in the certification process.

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.

Noble Lester Pettus

Pace Marine 85G

1982/2007

70’-C

US GOM

Shipyard

6/10/2009

Cold Stacked.

Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.

Page 1 of 4

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - September 29, 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

3Q-10

4Q-10

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

6/18/2010

11/10/2010

94-96

Received contract extension.

Noble Eddie Paul

MLT Class 84-E.R.C.

1976/1995

390’-IC

Bay of Campeche

Pemex

6/04/2010

7/31/2010

94-96

Received a direct assignment.

Mexico

Shipyard

8/01/2010

Available.

Noble Leonard Jones

MLT Class 53-E.R.C.

1972/1998

390’-IC

Mexico

Shipyard

6/23/2010

Available.

Noble Johnnie Hoffman

Baker Marine BMC 300

1976/1993

300’-IC

Bay of Campeche

Pemex

4/15/2010

7/25/2010

84-86

Received contract extension.

Bay of Campeche

Pemex

7/26/2010

10/13/2010

74-76

Received contract extension.

Noble Gene Rosser

Levingston Class 111-C

1977/1996

300’-IC

Bay of Campeche

Pemex

6/20/2010

12/19/2010

79-81

Received contract extension.

Noble John Sandifer

Levingston Class 111-C

1975/1995

300’-IC

Bay of Campeche

Pemex

6/17/2010

9/18/2010

79-81

Received contract extension.

Mexico

Shipyard

9/19/2010

UWILD inspection, then available

Noble Lewis Dugger

Levingston Class 111-C

1977/1997

300’-IC

Bay of Campeche

Pemex

5/30/2010

10/18/2010

79-81

Received a direct assignment. We have received a request for an extension of the current direct assignment, which subject to agreement on dayrate, would extend the contract to November 15, 2010.

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.

Mexico

Shipyard

9/20/2010

UWILD inspection, then available.

Noble Roy Butler

F&G L-780 MOD II

1982/1998

250’-IC (f)

Bay of Campeche

Pemex

4/24/2010

7/30/2010

59-61

Received contract extension.

Bay of Campeche

Pemex

7/31/2010

4/09/2011

62-64

Received contract.

Noble Earl Frederickson

MLT Class 82-SD-C

1979/1999

250’-IC

Bay of Campeche

Pemex

7/13/2010

8/25/2010

63-65

This contract commenced 7/13/2008. The contract reprices every three months based on an index of jackup rates in seven international regions. On 7/13/2010, the contract repriced at a dayrate of $63k-$65k.

Bay of Campeche

Pemex

8/26/2010

12/31/2010

62-64

Received contract extension.

Noble Tom Jobe

MLT Class 82-SD-C

1982

250’-IC

Bay of Campeche

Pemex

5/07/2010

8/06/2010

77-79

This contract commenced 8/07/2008. The contract reprices every three months based on an index of jackup rates in seven international regions. On 5/07/2010, the contract repriced at a new dayrate of $77k-$79k.

Bay of Campeche

Pemex

8/07/2010

12/06/2011

82-84

On 8/07/2010, the contract repriced at a new dayrate of $82k-$84k. The next date on which the contract is expected to reprice is 11/07/2010.

Noble Carl Norberg

MLT Class 82-C

1976/2003

250'-IC

Bay of Campeche

Pemex

6/02/2010

9/01/2010

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.

9/02/2010

3/02/2011

80-82

On 9/02/2010, the contract repriced at a new dayrate of $80k-$82k. The next date on which the contract is expected to reprice is 12/02/2010.

Brazil Semisubmersibles (3) (c ) (h)

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.

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.

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.

Brazil Drillships (3) (c ) (h)

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.

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 to be 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.

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.

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.

Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.

Page 2 of 4

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - September 29, 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

3Q-10

4Q-10

North Sea Semisubmersible (1)

Noble Ton van Langeveld

Offshore Co. SCP III Mark 2

1979/2000

1,500'

United Kingdom

Centrica/Maersk

6/30/2010

9/12/2010

246-248

United Kingdom

Shipyard

9/13/2010

11/14/2010

Anticipate entering the shipyard for +/- 62 days for rig modifications and regulatory inspection.

United Kingdom

Centrica/Maersk

11/15/2010

7/31/2011

246-248

Plus five fixed-priced options.

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

We have initiated arbitration proceedings with both ExxonMobil and BP with respect to an assignment of the drilling contract from ExxonMobil to BP. Payment of the dayrate is subject to the resolution to this dispute. The rig has been on standby since April 24, 2010 and continues to be on standby. Pending resolution of this dispute, the Company has been reserving the revenue stream.

North Sea Jackups (8)

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

Noble Julie Robertson

Baker Marine Europe Class

1981/2001

390'-IC (e)

United Kingdom

Centrica

9/15/2009

9/12/2010

211-213

United Kingdom

Centrica

9/13/2010

12/21/2010

86-88

Received contract extension.

United Kingdom

Shipyard

12/22/2010

3/31/2011

Contract preparations.

United Kingdom

Centrica

4/01/2011

3/31/2012

88-90

Received letter of intent.

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

12/31/2010

85-87

Noble Lynda Bossler

MSC/CJ-46

1982

250’-IC

Netherlands

Cirrus Energy

4/01/2010

9/02/2010

88-90

Netherlands

TBA

9/03/2010

Available.

Noble Piet van Ede

MSC/CJ-46

1982

250’-IC

Netherlands

Gaz de France

2/23/2010

10/19/2010

108-110

Netherlands

Shipyard

10/20/2010

11/18/2010

Enter the shipyard on 10/20/2010 for estimated 29 days at zero dayrate.

Netherlands

Gaz de France

11/19/2010

11/18/2011

85-87

Noble Ronald Hoope

MSC/CJ-46

1982

250’-IC

Netherlands

Gaz de France

2/23/2010

10/31/2010

92-94

Plus two priced option wells; estimated time to complete each well is +/- 60 days.

Netherlands

Gaz de France

11/01/2010

3/31/2011

86-88

Noble George Sauvageau

NAM Nedlloyd-C

1981

250’-IC

Netherlands

Wintershall

1/01/2010

12/31/2010

117-119

Netherlands

Wintershall

1/01/2011

12/31/2011

91-93

West Africa Drillship (1)

Noble Duchess

Conversion

1975

1,500'

Nigeria

NPDC

10/19/2008

11/01/2010

307-309

West Africa Jackups (5) (c )

Noble Percy Johns

F&G L-780 MOD II

1981/1995

300’-IC

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. We anticipate the need to remove the unit from Nigeria in order to apply for a new temporary import permit.

Noble Tommy Craighead

F&G L-780 MOD II

1982/2003

300’-IC

Cameroon

EurOil

5/01/2010

12/31/2010

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

7/01/2010

6/30/2012

84-86

Noble Lloyd Noble

MLT Class 82-SD-C

1983/1990

250’-IC

Nigeria

Amni

1/07/2010

8/17/2010

89-91

Cameroon

Shipyard

8/18/2010

10/06/2010

Available.

Nigeria

Addax

10/07/2010

4/05/2011

83-85

Received letter of intent plus one 6-month option.

Noble Don Walker

Baker Marine BMC 150-SD

1982/1992

150’-IC

Cameroon

Shipyard

3/11/2009

Available.

Arabian Gulf Jackups (14) (c )

Noble Scott Marks

F&G JU-2000E

2009

400'-IC

United Kingdom

Centrica

9/07/2009

12/31/2010

212-214

UAE (Hamriyah)

Shipyard

1/01/2011

6/14/2011

Mobilization and contract preparation.

Saudi Arabia

Saudi Aramco

6/15/2011

6/14/2014

236-238

Plus lump sum mobilization and capital upgrades. Customer may cancel this contract for convenience with 30 days notice, but must pay a termination fee of 50% of the dayrate for the remaining contracted time.

Noble Roger Lewis

F&G JU-2000E

2007

400'-IC

UAE (Hamriyah)

Shipyard

4/28/2010

1/14/2011

Installation of leg extensions; upgrading steel, and contract preparation.

Saudi Arabia

Saudi Aramco

1/15/2011

1/14/2014

131-133

Noble Jimmy Puckett

F&G L-780 MOD II

1982/2002

300'-IC

Qatar

RasGas

4/05/2010

4/04/2012

71-73

Contract is subject to 120-day notice of cancellation. Plus a two-year priced option. Estimated +/- 14 days of downtime for underwater survey.

Noble Gus Androes

Levingston Class 111-C

1982/2004

300'-IC

Qatar

Maersk Oil Qatar

8/11/2009

12/31/2010

49-51

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

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 98 days at zero dayrate for upgrades and survey; the Noble Roy Rhodes was substituted during this period. The Noble Alan Hay commenced operations and dayrate on 8/28/2010.

Noble Roy Rhodes

MLT Class 116-C

1979/2009

300’-IC

UAE (Dubai)

Dubai Petroleum

6/23/2010

8/28/2010

Rate withheld at request of operator. Rig substitution for the Noble Alan Hay (formerly the Noble Mark Burns).

Qatar

Total E&P Qatar

9/20/2010

1/19/2011

59-61

Work over program; plus one 2-month priced option.

Noble Joe Beall

Modec 300C-38

1981/2004

300'-IC

Qatar

McDermott

11/10/2009

9/27/2010

53-55

Accommodation work.

Qatar

McDermott

9/28/2010

1/06/2011

9-11

Received letter of intent - standby rate.

Noble David Tinsley

Modec 300C-38

1981/2004

300'-IC

UAE (Hamriyah)

Shipyard

5/09/2009

10/15/2010

Estimated timing for leg repair/replacement; then available.

Noble Gene House

Modec 300C-38

1981/1998

300'-IC

Qatar

Maersk Oil Qatar

5/21/2009

10/30/2010

47-49

Accommodation work.

Noble Charles Copeland

MLT Class 82-SD-C

1979/2001

280’-IC

UAE (Hamriyah)

Shipyard

12/01/2009

Available.

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

UAE (Hamriyah)

Shipyard

2/18/2010

Available.

Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.

Page 3 of 4

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - September 29, 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

3Q-10

4Q-10

India Jackups (4) (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

6/08/2010

6/07/2013

49-51

Rig bareboat chartered to Jindal which is contracted with ONGC.

Noble Kenneth Delaney

F&G L-780 MOD II

1983/1998

300'-IC

UAE (Hamriyah)

Shipyard

5/15/2010

9/30/2010

Contract preparations and mobilization to India.

India

Deepwater Drilling/ONGC

10/01/2010

9/30/2013

49-51

Rig bareboat chartered to Deepwater Drilling which is contracted with ONGC.

Southeast Asia Drillship (2)

Noble Phoenix

Gusto Engineering Pelican Class

1979/2009

5,000' DP

Brunei

Shell

6/27/2010

3/15/2011

243-245

TBA

Shell

3/16/2011

3/15/2014

305-307

TBA

Shell

3/16/2014

3/15/2016

278-280

Noble Discoverer

Arctic Class Hull ICE-05; Sonat Discoverer Class

1976/2009

1,000'

Shipyard

Shell

7/20/2007

11/18/2011

158-160

Rate is subject to escalation adjustments.

Far East Drillship (4)

Noble Globetrotter I - Newbuild

Globetrotter Class

2011

10,000'-DP

Dalian, China - STX / Netherlands - Huisman

Shipyard

10/14/2011

In-transit & acceptance testing

10/15/2011

12/31/2011

US GOM

Shell

1/01/2012

12/31/2021

409-411

Contract is at a fixed dayrate the first five years and is eligible for a 15% performance bonus. During the second five years, the unit will earn a dayrate based on a market index and also be eligible for a 15% performance bonus.

Noble Globetrotter II - Newbuild

Globetrotter Class

2013

10,000'-DP

Dalian, China - STX / Netherlands - Huisman

Shipyard

6/01/2013

In-transit & acceptance testing

6/02/2013

10/31/2013

TBA

Shell

11/1/2013

10/31/2023

409-411

Noble Bully I (g) - Newbuild

GustoMSC Bully PRD 12000

2011

8,200'-DP

Keppel

Shipyard

5/20/2011

In-transit & acceptance testing

5/21/2011

8/13/2011

US GOM

Shell

8/14/2011

8/13/2016

440-445

Plus four 1-year priced options.

Noble Bully II (g) - Newbuild

GustoMSC Bully PRD 12000

2011

8,200'-DP

Keppel

Shipyard

9/30/2011

In-transit & acceptance testing

10/01/2011

12/05/2011

Brazil

Shell

12/06/2011

12/05/2021

440-445

Contract is at a fixed dayrate the first five years. During the second five years, the unit will earn a dayrate based on a market index and also be eligible for a 15% performance bonus.

Other (1)

Seillean - FPSO

A1 Floating Production & Storage Installation LMC, category 2B ship.

1989/2008

6,500'-DP

US GOM

07/23/2010

10/30/2010

303-305

11/01/2010

Available.

1430

455

(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.)

4168

(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.

(g)

Commitment split 50/50 - Joint Venture between Shell and Noble Corp.

(h)

The drilling contract provides the client with the right to terminate the contract in the event of excessive downtime.

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.

Page 4 of 4

Noble Finance Co - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - September 29, 2010

Attached files