Oil big Saudi Aramco has suspended the contract for considered one of Noble Corporation’s offshore drilling rigs.

Noble Corp.
mentioned in its monetary report on Wednesday that the contract for the Noble Scott
Marks jack-up rig, situated off Saudi Arabia, could be suspended on the request
of the consumer.

The rig is at the moment underneath contract with Saudi Aramco which beforehand requested that Noble Corp. reduces the rig’s dayrate from $159,000.

At the time,
the Saudi firm requested for the dayrates of 4 jack-up rigs to be decreased –
Noble Scott Marks, Noble Roger Lewis, Noble Joe Knight, and Noble Johnny
Whitstine – with the request being taken ‘underneath overview’ by Noble.

The offshore
drilling contractor added that Saudi Aramco suspended the rig for a interval of
as much as 365 days, with the suspension beginning within the first half of May following
the conclusion of the properly in progress.

It is value
noting that the corporate didn’t present any info relating to the earlier
dayrate discount request.

Noble said
that in the course of the suspension interval, no dayrate could be paid. However, the
firm has the proper to market the rig in pursuit of different work alternatives
within the area. Regardless of the suspension, the rig remains to be underneath contract
with Saudi Aramco till late October 2022.

Noble reported a web loss in its monetary report of $1.1 billion on whole revenues of $281 million. The first quarter 2020 end result included web after-tax unfavourable gadgets totalling $977 million – together with a pre-tax non-cash cost totalling $1.1 billion.

These associated
to the impairment of the semi-submersible rigs Noble Danny Adkins and Noble Jim
Day, the drillships Noble Bully I and Noble Bully II, and sure capital
spares.

The publish Saudi Aramco suspends Noble Scott Marks jack-up rig appeared first on Offshore Energy.

Read more at Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here