Noble Corporation secures rig contract extension in Guyana

Noble Tom Madden (Photo: Noble Corporation)

Noble Corporation’s ultra-deepwater drillship Noble Tom Madden has been awarded approximately 6.5 years of additional contract term under the commercial enabling agreement (CEA) with ExxonMobil for work offshore Guyana.

The rig was previously contracted until mid-February 2024 and the additional term will extend the rig contract to mid-August 2030.

The rig day rate will be updated at least twice per year subject to a scale-based discount and performance bonus under the CEA which also provides ExxonMobil the flexibility to transfer the awarded term between the drillships Noble Don Taylor, Noble Bob Douglas, Noble Tom Madden, and Noble Sam Croft.

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