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Maersk Drilling and Noble Corp. to merge

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Oilfield Technology,

Maersk Drilling has entered into a definitive agreement to combine with Noble Corp. in a primarily all-stock transaction.

The combined company will be named Noble Corp., and its shares will be listed on the New York Stock Exchange and Nasdaq Copenhagen. The transaction is targeted to close in mid-2022.

The combined company will own and operate a modern, high-end fleet of floaters and jack-up rigs across benign and harsh environments, serving customers in the most attractive offshore oil and gas basins.

It has been agreed that Robert W. Eifler, Noble’s President and CEO will become President and CEO of the combined company upon closing of the transaction. The combined company will be headquartered in Houston, Texas, and will maintain a significant operating presence in Stavanger, Norway.

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