Noble company suggested that Noble Dave Beard has been retired from service, together with the semi-submersible Noble Amos Runner and the usual obligation jackup Noble Alan Hay, which had been beforehand absolutely impaired. Noble Corporation reported a web loss attributable to the Company for the three months ended June 30, 2018 of $628 million, or $2.55 per diluted share, on revenues of $258 million. The outcomes included a non-cash cost totaling $793 million, or $2.06 per diluted share, regarding the impairment of three rigs and sure capital spares. Excluding the non-cash cost, the Company’s web loss attributable to Noble Corporation for the three months ended June 30, 2018 would have been $121 million, or $zero.49 per diluted share. During the second quarter, the Company performed a overview of its fleet. The overview included an evaluation of sure assumptions, together with future marketability of every unit in gentle of its present technical specs. Following this overview, the Company acknowledged partial impairments on the drillship Noble Bully I and semisubmersible Noble Paul Romano, whereas the semi-submersible Noble Dave Beard was absolutely impaired. Following three retirements and the divestiture in May of the usual obligation jackup Noble David Tinsley, the Company’s fleet is now comprised of 24 rigs, together with 12 floating and 12 jackup models.
• Noble Amos Runner was an EVA-4000 ultra-deepwater semi-submersible in-built 1982 at Igalls Shipbuilding yard in Pascagoula, Louisiana.
• Noble Dave Beard, a Friede & Goldman Series 9500 semi-submersible was in-built 1986 at Vyborg Shipyard, Russia.
• Noble Alan Hay was a Levingston 111-C 300 ft jackup constructed at Naruto shipyard, Japan in 1980
Julie J. Robertson, Chairman, President and Chief Executive Officer of Noble Corporation plc, said, “Jackup fleet utilization grew to 70 p.c within the quarter, nicely above the cyclical low skilled within the first quarter. We have seen a noticeable improve in jackup demand, significantly amongst prospects Noble Corporation plc Devonshire House 1 Mayfair Place London W1J 8AJ England 2 within the North Sea and Middle East areas. Following a number of current awards, all 10 of our highspecification jackups at the moment are contracted, with no availability earlier than late-2018.” (Source: Noble Corporation – Image: Semi-submersible Amos Runner)
The publish NOBLE CORPORATION SCRAPS THREE AGING DRILLING RIGS appeared first on Energy Global News.