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Noble Corp. to provide drilling services to ExxonMobil in Guyana-Suriname Basin

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Oilfield Technology,

Noble Corporation plc and ExxonMobil have announced the execution of a commercial enabling agreement for drilling services in the Guyana-Suriname Basin.

The agreement defines contract terms for the continuation of drilling services using certain drilling units in Noble’s fleet. The ultra-deepwater drillships Noble Bob Douglas, Noble Tom Madden and Noble Don Taylor, which are currently executing drilling assignments for ExxonMobil offshore Guyana, are included in the framework agreement, and other drilling rigs may be added to the agreement. The Noble Bob Douglas is located on the Liza Phase I field development project, while the Noble Tom Madden and Noble Don Taylor are assigned to exploration drilling in the region.

Julie J. Robertson, Chairman, President and CEO of Noble Corporation plc, stated: “The Guyana-Suriname basin stands as one of the world’s premier offshore exploration and development opportunities. Since establishing an operating presence offshore Guyana in March 2018 with the Noble Bob Douglas, we have continued to expand our footprint in the region.

“The commercial enabling agreement with ExxonMobil takes our regional position a step further, as we benefit from multi-year contract visibility and utilisation allocated across three of our premium drillships. This attractive commercial model secures current market pricing dynamics on six-month intervals and important operational economies of scale, and, importantly, the agreement can cover additional Noble drilling rigs. We are honoured to strengthen our relationship with ExxonMobil and to have a significant role in this prolific region, which will continue to contribute to the growing need for advanced offshore drilling technology and solutions.”

The Noble Bob Douglas, Noble Tom Madden and Noble Don Taylor are each Gusto P10000 design ultra-deepwater drillships capable of operating in water depths of up to 12 000 ft.

The rigs, which commenced operations during 2013 and 2014, are equipped with advanced drilling systems, and redundant subsea control technology and station-keeping systems.

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