Noble Corporation announced a few hours ago that it has completed the acquisition of Diamond Offshore Drilling, strengthening its position as a leader in the offshore drilling industry. offshore drilling industry. With this transaction, Noble now has the largest fleet of seventh generation drillships, adding approximately $2 billion to its backlog.
This acquisition, which had already been announced weeks ago, marks an important step in the consolidation of assets, including Diamond’s existing contracts. Through the combination of the two companies, Noble now has a more robust fleet and enhanced capabilities to meet the challenges of the offshore market. Noble’s president, Robert W. Eifler, highlighted the importance of this integration and mentioned his enthusiasm for the company’s future growth.
Noble Corporation’s new appointment
As part of the agreement, Patrice Douglas, who served on Diamond’s board, was appointed as a new director of Noble, reinforcing the company’s commitment to experienced leadership. This merger strengthens Noble’s infrastructure and the expertise of its board by leveraging the knowledge of the Diamond team.
Importantly, Noble has adjusted its financial guidance to reflect the combination of the two companies. The company also released an update on the status of its fleet, highlighting the addition of the Diamond rigs. The newly acquired assets include agreements with ExxonMobil, increasing the total value of the backlog to $6.7 billion.
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Source: Noble Corporation
Photo: shutterstock
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