Attached files
file | filename |
---|---|
8-K - NOBLE CORPORATION 8-K 1-18-2011 - Noble Finance Co | form8k.htm |
Exhibit 99.1
NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - January 18, 2011
|
.
|
Approximate actual and estimated unpaid down time days *
|
|||||||||||||||||||||||
RIG
|
RIG DESIGN
|
YEAR BUILT / REBUILT
|
WATER DEPTH
|
LOCATION
|
OPERATOR
|
ESTIMATED CONTRACT START DATE
|
ESTIMATED CONTRACT EXPIRATION DATE
|
FULL CONTRACT DAYRATE ($000)
|
COMMENTS
|
4Q-10
|
1Q-11
|
1Q-11
|
2Q-11
|
3Q-11
|
4Q-11
|
||||||||||
A
|
A
|
E
|
E
|
E
|
E
|
||||||||||||||||||||
This fleet status report contains information on contracts and letters of intent or awards with our customers. Letters of intent or awards are noted in the comments section and may not result in an actual drilling contract. The information contained in this fleet status report is as of the date of the report only and is subject to change without notice to the recipient, and we assume no duty to update any portion of the information contained herein. This fleet status report contains statements that are not historical facts, which are “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements about estimated duration of client contracts, contract dayrate amounts, future contract commencement dates, shipyard projects, our business, financial performance and prospects. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Various factors could cause actual results to differ materially.
|
|||||||||||||||||||||||||
Full Contract Dayrate reflects the full daywork operating rate payable to the Company by the operator as provided in the applicable drilling contract unless otherwise specified. The average dayrate over the term of the contract will be lower and could be substantially lower. The actual average dayrate will depend upon a number of factors (rig downtime, suspension of operations, etc.) including some beyond our control. Our client contracts and operations are generally subject to a number of risks and uncertainties. We discuss these factors, including risks, uncertainties and assumptions concerning actions by our clients, governments and other third parties, drilling activity levels, market conditions, operational difficulties, weather related events and other matters, from time to time in our filings with the U.S. Securities and Exchange Commission (“SEC”), which we urge you to review and which are available free of charge on the SEC’s Web site at www.sec.gov.
|
|||||||||||||||||||||||||
U.S. Gulf of Mexico Semisubmersibles (8)
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|||||||||||||||||||||||||
Noble Danny Adkins
|
Bingo 9000
|
1999/2009
|
12,000'-DP
|
US GOM
|
Shell
|
Late Jun 2010
|
Mid Aug 2010
|
68-70
|
Suspension rate during period of limitation on certain activities in the U.S. Gulf of Mexico. Shell will provide certain operational support in addition to the suspension rate. The suspension period shall be extended in the event the period of limitation on certain activities in the U.S. Gulf of Mexico is extended.
|
||||||||||||||||
US GOM
|
Shell
|
Mid Aug 2010
|
Late Oct 2010
|
446-448
|
Subsea System has been certified.
|
||||||||||||||||||||
US GOM
|
Shell
|
Late Oct 2010
|
Late Dec 2010
|
68-70
|
Suspension rate. We are in discussions with Shell over the application of the suspension rate following the lifting of the moratorium in the U.S. Gulf of Mexico.
|
||||||||||||||||||||
US GOM
|
Shell
|
Late Dec 2010
|
Late Sep 2014
|
446-448
|
Well completion estimated to end on 2/07/2011 after which the unit could return to the Suspension rate.
|
||||||||||||||||||||
Noble Jim Day, Newbuild
|
Bingo 9000
|
1999/2009
|
12,000'-DP
|
In-transit & acceptance testing
|
Mid Jun 2010
|
Late Dec 2010
|
-
|
||||||||||||||||||
US GOM
|
Shipyard
|
Early Jan 2011
|
TBA
|
-
|
Available. Subsea System has been certified.
|
18
|
|||||||||||||||||||
Noble Clyde Boudreaux (a, b)
|
F&G 9500 Enhanced Pacesetter
|
1987/2007
|
10,000'
|
US GOM
|
Noble Energy
|
Mid Jun 2010
|
Mid Dec 2010
|
144-146
|
Standby rate from June 15, 2010 though December 12, 2010.
|
||||||||||||||||
US GOM
|
Shipyard
|
Mid Dec 2010
|
TBA
|
-
|
Available. Subsea System has been certified.
|
18
|
18
|
||||||||||||||||||
Noble Amos Runner (a)
|
Noble EVA 4000™
|
1982/1999
|
8,000'
|
US GOM
|
LLOG
|
Mid Oct 2010
|
Late Jun 2011
|
334-336
|
Subsea System has been certified. Rig was swapped for Noble Lorris Bouzigard to perform under contract with LLOG.
|
17
|
|||||||||||||||
Noble Jim Thompson (a)
|
Noble EVA 4000™
|
1984/1999
|
6,000'
|
US GOM
|
Shell
|
Late Jun 2010
|
Late Jan 2011
|
46-48
|
Suspension rate during period of limitation on certain activities in the U.S. Gulf of Mexico. Shell will provide certain operational support in addition to the suspension rate. The suspension period shall be extended in the event the period of limitation on certain activities in the U.S. Gulf of Mexico is extended.
|
||||||||||||||||
US GOM
|
Shell
|
Early Feb 2011
|
Early Apr 2011
|
335-337
|
Pursuant to our agreement with Shell and in connection with the Frontier transaction closing, Noble will reduce the current dayrate to $335,000-$337,000. This same dayrate, plus an increase for anticipated capital expenditures expected to be incurred at the request of Shell, will also apply during a three-year extension, which is scheduled to begin following the conclusion of the current contract in March 2011 (plus the suspension period and plus any upgrade period to the extent it occurs beyond the period of suspension). The revised dayrate will be eligible for a 15% performance bonus. Subsea System is in the certification process and is expected to be complete by mid to late January 2011.
|
||||||||||||||||||||
US GOM
|
Shell
|
Early Apr 2011
|
Early Oct 2014
|
335-337
|
Eligible for a maximum 15% bonus.
|
||||||||||||||||||||
|
|||||||||||||||||||||||||
Noble Paul Romano (a)
|
Noble EVA 4000™
|
1981/1998
|
6,000'
|
US GOM
|
Shipyard
|
Mid Jun 2010
|
-
|
Available. The unit is currently warm stacked. Subsea System has been certified.
|
92
|
18
|
|||||||||||||||
Noble Driller
|
Aker H-3 Twin Hull S1289 Column
|
1976/2007
|
5,000'
|
US GOM
|
Shell
|
Early Aug 2010
|
Mid Apr 2011
|
46-48
|
Suspension rate during period of limitation on certain activities in the U.S. Gulf of Mexico. Subsea System is in the certification process.
|
||||||||||||||||
US GOM
|
Shell
|
Mid Apr 2011
|
Mid Mar 2013
|
382-384
|
Plus five one-year options.
|
||||||||||||||||||||
Noble Lorris Bouzigard (b)
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Pentagone 85
|
1975/2003
|
4,000'
|
US GOM
|
Shipyard
|
Early Oct 2010
|
-
|
Noble Amos Runner was swapped for rig to perform under contract with LLOG. The unit is currently cold stacked.
|
|||||||||||||||||
U.S. Gulf of Mexico Submersibles (2)
|
|||||||||||||||||||||||||
Noble Joe Alford
|
Pace Marine 85G
|
1982/2006
|
70’-C
|
US GOM
|
Shipyard
|
Mid Sep 2009
|
-
|
Cold Stacked.
|
|||||||||||||||||
Noble Lester Pettus
|
Pace Marine 85G
|
1982/2007
|
70’-C
|
US GOM
|
Shipyard
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Early Jun 2009
|
-
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Cold Stacked.
|
|||||||||||||||||
Mexico Semisubmersible (1) (c)
|
|||||||||||||||||||||||||
Noble Max Smith
|
Noble EVA 4000™
|
1980/1999
|
7,000'
|
Bay of Campeche
|
Pemex
|
Early Aug 2008
|
Late Jul 2011
|
483-485
|
|||||||||||||||||
Mexico Jackups (12) (c, d)
|
|||||||||||||||||||||||||
Noble Bill Jennings
|
MLT Class 84-E.R.C.
|
1975/1997
|
390’-IC
|
Bay of Campeche
|
Pemex
|
Mid June 2010
|
Early Nov 2010
|
94-96
|
|||||||||||||||||
US GOM
|
Shipyard
|
Mid Nov 2010
|
-
|
Available. The unit has moved to the US Gulf of Mexico and will be temporarily stacked to reduce operating costs.
|
50
|
18
|
|||||||||||||||||||
Noble Eddie Paul
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MLT Class 84-E.R.C.
|
1976/1995
|
390’-IC
|
Mexico
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Shipyard
|
Early Aug 2010
|
-
|
Available. The unit is currently warm stacked.
|
92
|
18
|
|||||||||||||||
Noble Leonard Jones
|
MLT Class 53-E.R.C.
|
1972/1998
|
390’-IC
|
Mexico
|
Shipyard
|
Late June 2010
|
-
|
Available. The unit is currently warm stacked.
|
92
|
18
|
|||||||||||||||
Noble Johnnie Hoffman
|
Baker Marine BMC 300
|
1976/1993
|
300’-IC
|
Bay of Campeche
|
Pemex
|
Late July 2010
|
Mid Oct 2010
|
74-76
|
|||||||||||||||||
Mexico
|
Shipyard
|
Mid Oct 2010
|
Late Oct 2010
|
-
|
21
|
||||||||||||||||||||
Bay of Campeche
|
Pemex
|
Early Nov 2010
|
Late Dec 2010
|
74-76
|
2
|
||||||||||||||||||||
US GOM
|
Shipyard
|
Late Dec 2010
|
-
|
Available. The unit is moving to the US Gulf of Mexico and will be temporarily stacked to reduce operating costs.
|
18
|
|
|||||||||||||||||||
Noble Gene Rosser
|
Levingston Class 111-C
|
1977/1996
|
300’-IC
|
Bay of Campeche
|
Pemex
|
Mid June 2010
|
Mid Dec 2010
|
79-81
|
2
|
||||||||||||||||
US GOM
|
Shipyard
|
Late Dec 2010
|
-
|
Available. The unit is moving to the US Gulf of Mexico and will be temporarily stacked to reduce operating costs.
|
11
|
18
|
|||||||||||||||||||
Noble John Sandifer
|
Levingston Class 111-C
|
1975/1995
|
300’-IC
|
Mexico
|
Shipyard
|
Mid Sept 2010
|
Mid Nov 2010
|
-
|
UWILD inspection.
|
45
|
|||||||||||||||
Mid Nov 2010
|
Early Feb 2011
|
74-76
|
Received contract extension.
|
||||||||||||||||||||||
Noble Lewis Dugger
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Levingston Class 111-C
|
1977/1997
|
300’-IC
|
Bay of Campeche
|
Pemex
|
Late May 2010
|
Mid Oct 2010
|
79-81
|
|||||||||||||||||
Bay of Campeche
|
Pemex
|
Mid Oct 2010
|
Mid Nov 2010
|
76-78
|
Received a 28-day extension of the current direct assignment.
|
||||||||||||||||||||
US GOM
|
Shipyard
|
Mid Nov 2010
|
-
|
Available. The unit has moved to the US Gulf of Mexico and will be temporarily stacked to reduce operating costs.
|
42
|
18
|
|||||||||||||||||||
Noble Sam Noble
|
Levingston Class 111-C
|
1982
|
300’-IC
|
Mexico
|
Shipyard
|
Late Sep 2010
|
Late Oct 2010
|
-
|
UWILD inspection.
|
31
|
|||||||||||||||
Bay of Campeche
|
Pemex
|
Early Nov 2010
|
Late Jan 2011
|
74-76
|
Received contract extension.
|
||||||||||||||||||||
Noble Roy Butler
|
F&G L-780 MOD II
|
1982/1998
|
250’-IC (f)
|
Bay of Campeche
|
Pemex
|
Late July 2010
|
Early Apr 2011
|
62-64
|
|||||||||||||||||
Noble Earl Frederickson
|
MLT Class 82-SD-C
|
1979/1999
|
250’-IC
|
Bay of Campeche
|
Pemex
|
Late Aug 2010
|
Late Dec 2010
|
62-64
|
Available. The unit is moving to the US Gulf of Mexico and will be temporarily stacked to reduce operating costs.
|
7
|
18
|
||||||||||||||
Noble Tom Jobe
|
MLT Class 82-SD-C
|
1982
|
250’-IC
|
Bay of Campeche
|
Pemex
|
Early Aug 2010
|
Early Nov 2010
|
82-84
|
This contract commenced 8/07/2008. The contract reprices every three months based on an index of jackup rates in seven international regions. On 8/07/2010, the contract repriced at a new dayrate of $82k-$84k.
|
||||||||||||||||
Early Nov 2010
|
Early Dec 2011
|
80-82
|
On 11/07/2010, the contract repriced at a new dayrate of $80k-$82k. The next date on which the contract is expected to reprice is 2/07/2011.
|
18
|
|||||||||||||||||||||
Noble Carl Norberg
|
MLT Class 82-C
|
1976/2003
|
250'-IC
|
Bay of Campeche
|
Pemex
|
Early Sep 2010
|
Early Dec 2010
|
80-82
|
This contract commenced on 3/02/2009. The contract reprices every three months based on an index of jackup rates in seven international regions. On 12/02/2010, the contract repriced at a new dayrate of $80k-$82k.
|
||||||||||||||||
Bay of Campeche
|
Pemex
|
Early Dec 2010
|
Early Mar 2011
|
80-82
|
|
||||||||||||||||||||
Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.
|
Page 1 of 4
NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - January 18, 2011
|
.
|
Approximate actual and estimated unpaid down time days *
|
|||||||||||||||||||||||
RIG
|
RIG DESIGN
|
YEAR BUILT / REBUILT
|
WATER DEPTH
|
LOCATION
|
OPERATOR
|
ESTIMATED CONTRACT START DATE
|
ESTIMATED CONTRACT EXPIRATION DATE
|
FULL CONTRACT DAYRATE ($000)
|
COMMENTS
|
4Q-10
|
1Q-11
|
1Q-11
|
2Q-11
|
3Q-11
|
4Q-11
|
||||||||||
A
|
A
|
E
|
E
|
E
|
E
|
||||||||||||||||||||
This fleet status report contains information on contracts and letters of intent or awards with our customers. Letters of intent or awards are noted in the comments section and may not result in an actual drilling contract. The information contained in this fleet status report is as of the date of the report only and is subject to change without notice to the recipient, and we assume no duty to update any portion of the information contained herein. This fleet status report contains statements that are not historical facts, which are “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements about estimated duration of client contracts, contract dayrate amounts, future contract commencement dates, shipyard projects, our business, financial performance and prospects. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Various factors could cause actual results to differ materially.
|
|||||||||||||||||||||||||
Full Contract Dayrate reflects the full daywork operating rate payable to the Company by the operator as provided in the applicable drilling contract unless otherwise specified. The average dayrate over the term of the contract will be lower and could be substantially lower. The actual average dayrate will depend upon a number of factors (rig downtime, suspension of operations, etc.) including some beyond our control. Our client contracts and operations are generally subject to a number of risks and uncertainties. We discuss these factors, including risks, uncertainties and assumptions concerning actions by our clients, governments and other third parties, drilling activity levels, market conditions, operational difficulties, weather related events and other matters, from time to time in our filings with the U.S. Securities and Exchange Commission (“SEC”), which we urge you to review and which are available free of charge on the SEC’s Web site at www.sec.gov.
|
|||||||||||||||||||||||||
Brazil Semisubmersibles (3) (c )(h)
|
|||||||||||||||||||||||||
Noble Dave Beard-Newbuild
|
F&G 9500 Enhanced Pacesetter
|
1986/2008
|
10,000'-DP
|
Brazil
|
Petrobras
|
Mid Mar 2010
|
Mid Mar 2015
|
219-221
|
Eligible for a maximum 15% performance bonus.
|
30
|
|||||||||||||||
Noble Paul Wolff
|
Noble EVA 4000™
|
1981/1999/2006
|
9,200'-DP
|
Brazil
|
Petrobras
|
Early Nov 2009
|
Early Nov 2014
|
427-429
|
Eligible for a maximum 15% performance bonus. Timing of survey subject to change.
|
7
|
16 |
64
|
|
||||||||||||
Noble Therald Martin (b)
|
Pentagone 85
|
1977/2004
|
4,000'
|
Brazil
|
Petrobras
|
Mid Apr 2007
|
Mid Oct 2010
|
113-115
|
Eligible for a maximum of 15% performance bonus.
|
6
|
45 | ||||||||||||||
Brazil
|
Petrobras
|
Mid Oct 2010
|
Mid Oct 2015
|
269-271
|
Eligible for a maximum of 10% performance bonus.
|
||||||||||||||||||||
Brazil Drillships (3) (c )(h)
|
|||||||||||||||||||||||||
Noble Roger Eason (b)
|
NAM Nedlloyd-C
|
1977/2005
|
7,200'-DP
|
Brazil
|
Petrobras
|
Mid Mar 2010
|
Late Feb 2012
|
346-348
|
Eligible for a maximum of 15% performance bonus.
|
5
|
|||||||||||||||
Brazil
|
Petrobras
|
Late Feb 2012
|
Mid Oct 2012
|
89-91
|
Anticipate entering the shipyard for +/- 240 days for rig modifications, regulatory inspection, and sea trials, of which 150 days are expected to be paid at a dayrate of $89k-$91k.
|
||||||||||||||||||||
Brazil
|
Petrobras
|
Mid Oct 2012
|
Mid Aug 2016
|
346-348
|
Eligible for a maximum of 15% performance bonus.
|
||||||||||||||||||||
Noble Leo Segerius (b)
|
Gusto Engineering Pelican Class
|
1981/2002
|
5,600’-DP
|
Brazil
|
Petrobras
|
Late Jun 2009
|
Early Feb
2011
|
300-302
|
Eligible for a maximum of 15% performance bonus.
|
12
|
|||||||||||||||
Brazil
|
Petrobras
|
Early Feb
2011
|
Early Nov
2011
|
89-91
|
We expect to enter the shipyard four weeks earlier than expected. Early arrival is not expected to impact the project end date. Anticipate +/- 240 days beginning in Early March 2011 for rig modifications, regulatory inspection, and sea trials, of which 150 days are expected to be paid at a dayrate of $89k-$91k.
|
34
|
33
|
92
|
|||||||||||||||||
Brazil
|
Petrobras
|
Early Nov 2011
|
Late Jan 2016
|
300-302
|
Eligible for a maximum of 15% performance bonus.
|
||||||||||||||||||||
Noble Muravlenko
|
Gusto Engineering Pelican Class
|
1982/1997
|
4,900’-DP
|
Brazil
|
Petrobras
|
Early May 2009
|
Mid May
2015
|
289-291
|
Eligible for a maximum of 15% performance bonus. Received MOU to swap the Noble Phoenix for the Noble Muravlenko to complete current Noble Muravlenko contract. Expect substitution to take place in 4Q 2011. Noble Muravlenko shipyard upgrade project cancelled. The Petrobras Noble Muravlenko/Noble Phoenix swap is subject to Petrobras board approval and finalization of contract.
|
12
|
92
|
||||||||||||||
North Sea Semisubmersible (1)
|
|||||||||||||||||||||||||
Noble Ton van Langeveld
|
Offshore Co. SCP III Mark 2
|
1979/2000
|
1,500'
|
United Kingdom
|
Shipyard
|
Mid Sept 2010
|
Late Nov 2010
|
-
|
Entering the shipyard for rig modifications and regulatory inspection.
|
61
|
|||||||||||||||
United Kingdom
|
Centrica/Maersk
|
Early Dec 2010
|
Early Jul 2011
|
246-248
|
Plus five fixed-priced options.
|
||||||||||||||||||||
North Sea/Mediterranean Semisubmersible (1)
|
|||||||||||||||||||||||||
Noble Homer Ferrington
|
F&G 9500 Enhanced Pacesetter
|
1985/2004
|
7,200
|
Malta
|
ExxonMobil
|
Mid Apr 2009
|
Mid Apr 2012
|
504-506
|
We have initiated arbitration proceedings with both ExxonMobil and BP with respect to an assignment of the drilling contract from ExxonMobil to BP. Payment of the dayrate is subject to the resolution to this dispute. The rig has been on standby since April 30, 2010 and continues to be on standby. Pending resolution of this dispute, the Company has been reserving the revenue stream. Assignment to Repsol for 2 wells plus 2 priced options; program is estimated to begin on or about April 1, 2011 subject to final acceptance of the rig by Repsol.
|
||||||||||||||||
North Sea Jackups (8)
|
|||||||||||||||||||||||||
Noble Hans Deul
|
F&G JU-2000E
|
2009
|
400'-IC
|
Netherlands
|
Shell
|
Early Feb 2009
|
Early Feb 2011
|
127-129
|
|||||||||||||||||
United Kingdom
|
Shell
|
Early Feb 2011
|
Early Feb 2013
|
174-176
|
|||||||||||||||||||||
Noble Julie Robertson
|
Baker Marine Europe Class
|
1981/2001
|
390'-IC (e)
|
United Kingdom
|
Centrica
|
Mid Feb 2010
|
Mid Jan 2011
|
86-88
|
|||||||||||||||||
United Kingdom
|
Shipyard
|
Mid Jan 2011
|
Late Mar 2011
|
-
|
Contract preparations.
|
66
|
|||||||||||||||||||
United Kingdom
|
Centrica
|
Early Apr 2011
|
Late Mar 2012
|
88-90
|
|||||||||||||||||||||
|
|||||||||||||||||||||||||
Noble Al White
|
CFEM T-2005-C
|
1982/2005
|
360’-IC
|
Netherlands
|
Total
|
Early Dec 2010
|
Early Jun 2011
|
111-113
|
Plus a six month priced option.
|
||||||||||||||||
Noble Byron Welliver
|
CFEM T-2005-C
|
1982
|
300’-IC
|
United Kingdom
|
ATP
|
Early Mar 2010
|
Mid Jan 2011
|
85-87
|
|||||||||||||||||
United Kingdom
|
Shipyard
|
Late Jan 2011
|
Late May 2011
|
-
|
Available.
|
66
|
64
|
||||||||||||||||||
Netherlands
|
Chevron
|
Early Jun 2011
|
Mid Nov 2011
|
88-91
|
Plus two priced option wells.
|
||||||||||||||||||||
Noble Lynda Bossler
|
MSC/CJ-46
|
1982
|
250’-IC
|
Netherlands
|
Shipyard
|
Early Sep 2009
|
Late Oct 2010
|
-
|
31
|
||||||||||||||||
Netherlands
|
Gaz de France/Wintershall
|
Early Nov 2010
|
Early Mar 2011
|
79-81
|
Plus a 35-day priced option.
|
||||||||||||||||||||
Netherlands
|
Shipyard
|
Mid Mar 2011
|
Late Mar 2011
|
-
|
|
||||||||||||||||||||
Netherlands
|
Dana (KNOC)
|
Early Apr 2011
|
Mid Oct 2011
|
87-89
|
Plus two 40-day options.
|
||||||||||||||||||||
Noble Piet van Ede
|
MSC/CJ-46
|
1982
|
250’-IC
|
Netherlands
|
Gaz de France
|
Late Feb 2010
|
Late Oct 2010
|
109-111
|
|||||||||||||||||
Netherlands
|
Shipyard
|
Late Oct 2010
|
Late Nov 2010
|
-
|
25
|
||||||||||||||||||||
Netherlands
|
Gaz de France
|
Late Nov 2010
|
Late Nov 2011
|
85-87
|
|||||||||||||||||||||
Noble Ronald Hoope
|
MSC/CJ-46
|
1982
|
250’-IC
|
Netherlands
|
Gaz de France
|
Late Feb 2010
|
Mid Dec 2010
|
92-94
|
Plus two priced option wells; estimated time to complete each well is +/- 60 days.
|
||||||||||||||||
Netherlands
|
Gaz de France
|
Mid Dec 2010
|
Late Dec 2011
|
86-88
|
|||||||||||||||||||||
Noble George Sauvageau
|
NAM Nedlloyd-C
|
1981
|
250’-IC
|
Netherlands
|
Wintershall
|
Early Jan 2010
|
Late Dec 2010
|
117-119
|
|||||||||||||||||
Netherlands
|
Wintershall
|
Early Jan 2011
|
Late Dec 2011
|
91-93
|
|||||||||||||||||||||
West Africa Drillship (1)
|
|||||||||||||||||||||||||
Noble Duchess
|
Conversion
|
1975
|
1,500'
|
Nigeria
|
NPDC
|
Mid Oct 2008
|
Early Nov 2010
|
307-309
|
|||||||||||||||||
Nigeria
|
Shipyard
|
Early Nov 2010
|
-
|
Available. The unit is currently warm stacked.
|
56
|
18
|
|||||||||||||||||||
West Africa Jackups (5) (c )
|
|||||||||||||||||||||||||
Noble Percy Johns
|
F&G L-780 MOD II
|
1981/1995
|
300’-IC
|
Nigeria
|
ExxonMobil
|
Early Jul 2010
|
Late Jun 2012
|
84-86
|
2-years firm plus a 1-year priced option; which is subject to a 240-day notice of cancellation. Rig was farmout to NOAC (Agip) with a completion date of 12/29/2010. We anticipate the need to remove the unit from Nigeria or to a duty free zone for 30 days spanning the 4Q2010/1Q2011 in order to apply for a new temporary import permit. Regulatory inspection; estimated time to complete +/- 31 days in 2Q 2011.
|
2
|
18
|
10
|
31 | ||||||||||||
Noble Tommy Craighead
|
F&G L-780 MOD II
|
1982/2003
|
300’-IC
|
Cameroon
|
EurOil
|
Early May 2010
|
Early Mar 2011
|
89-91
|
Plus two priced option wells. Anticipate entering the shipyard in early-mid March 2011 for regulatory inspection and upgrades.
|
31
|
61
|
||||||||||||||
Noble Ed Noble
|
MLT Class 82-SD-C
|
1984/2003
|
250’-IC
|
Nigeria
|
ExxonMobil
|
Early Jul 2010
|
Late Jun 2012
|
84-86
|
2-years firm plus a 1-year priced option; which is subject to a 240-day notice of cancellation. We anticipate the need to remove the unit from Nigeria or to a duty free zone for 30 days in the 1Q2011 in order to apply for a new temporary import permit.
|
30
|
|||||||||||||||
Noble Lloyd Noble
|
MLT Class 82-SD-C
|
1983/1990
|
250’-IC
|
Cameroon
|
Shipyard
|
Mid Aug 2010
|
Mid Oct 2010
|
-
|
Available.
|
15
|
|||||||||||||||
Nigeria
|
NOAC (Agip)
|
Mid Oct 2010
|
Early Jan 2011
|
89-91
|
|||||||||||||||||||||
Cameroon
|
Shipyard
|
Early Jan 2011
|
Mid Feb 2011
|
-
|
18
|
32
|
|||||||||||||||||||
Nigeria
|
Addax
|
Mid Feb 2011
|
Late Aug 2011
|
83-85
|
Received letter of intent plus one 6-month option; subject to finalizing contract and temporary import permit.
|
||||||||||||||||||||
Noble Don Walker
|
Baker Marine BMC 150-SD
|
1982/1992
|
150’-IC
|
Cameroon
|
Shipyard
|
Mid Mar 2009
|
-
|
Available. The unit is currently cold stacked.
|
92
|
18
|
|||||||||||||||
Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.
|
Page 2 of 4
NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - January 18, 2011
|
.
|
Approximate actual and estimated unpaid down time days *
|
|||||||||||||||||||||||
RIG
|
RIG DESIGN
|
YEAR BUILT / REBUILT
|
WATER DEPTH
|
LOCATION
|
OPERATOR
|
ESTIMATED CONTRACT START DATE
|
ESTIMATED CONTRACT EXPIRATION DATE
|
FULL CONTRACT DAYRATE ($000)
|
COMMENTS
|
4Q-10
|
1Q-11
|
1Q-11
|
2Q-11
|
3Q-11
|
4Q-11
|
||||||||||
A
|
A
|
E
|
E
|
E
|
E
|
||||||||||||||||||||
This fleet status report contains information on contracts and letters of intent or awards with our customers. Letters of intent or awards are noted in the comments section and may not result in an actual drilling contract. The information contained in this fleet status report is as of the date of the report only and is subject to change without notice to the recipient, and we assume no duty to update any portion of the information contained herein. This fleet status report contains statements that are not historical facts, which are “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements about estimated duration of client contracts, contract dayrate amounts, future contract commencement dates, shipyard projects, our business, financial performance and prospects. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Various factors could cause actual results to differ materially.
|
|||||||||||||||||||||||||
Full Contract Dayrate reflects the full daywork operating rate payable to the Company by the operator as provided in the applicable drilling contract unless otherwise specified. The average dayrate over the term of the contract will be lower and could be substantially lower. The actual average dayrate will depend upon a number of factors (rig downtime, suspension of operations, etc.) including some beyond our control. Our client contracts and operations are generally subject to a number of risks and uncertainties. We discuss these factors, including risks, uncertainties and assumptions concerning actions by our clients, governments and other third parties, drilling activity levels, market conditions, operational difficulties, weather related events and other matters, from time to time in our filings with the U.S. Securities and Exchange Commission (“SEC”), which we urge you to review and which are available free of charge on the SEC’s Web site at www.sec.gov.
|
|||||||||||||||||||||||||
Arabian Gulf Jackups (14) (c )
|
|||||||||||||||||||||||||
Noble Scott Marks
|
F&G JU-2000E
|
2009
|
400'-IC
|
Netherlands
|
Centrica
|
Early Sep 2010
|
Mid Jan 2011
|
212-214
|
|||||||||||||||||
UAE (Hamriyah)
|
Shipyard
|
Mid Jan 2011
|
Late Jun 2011
|
-
|
Mobilization and contract preparation.
|
75 |
91
|
||||||||||||||||||
Saudi Arabia
|
Saudi Aramco
|
Late Jun 2011
|
Late Jun 2014
|
236-238
|
Plus lump sum mobilization and capital upgrades. Customer may cancel this contract for convenience with 30 days notice, but must pay a termination fee of 50% of the dayrate for the remaining contracted time.
|
||||||||||||||||||||
Noble Roger Lewis
|
F&G JU-2000E
|
2007
|
400'-IC
|
UAE (Hamriyah)
|
Shipyard
|
Late Apr 2010
|
Mid Feb 2011
|
-
|
Installation of leg extensions; upgrading steel, and contract preparation.
|
92
|
18
|
27
|
|||||||||||||
Saudi Arabia
|
Saudi Aramco
|
Mid Feb 2011
|
Mid Feb 2014
|
131-133
|
Plus lump sum mobilization and capital upgrades. Customer may cancel this contract for convenience with 30 days notice, but must pay a termination fee of 50% of the dayrate for the remaining contracted time.
|
||||||||||||||||||||
Noble Jimmy Puckett
|
F&G L-780 MOD II
|
1982/2002
|
300'-IC
|
Qatar
|
RasGas
|
Early Apr 2010
|
Early Apr 2012
|
71-73
|
Contract is subject to 120-day notice of cancellation. Plus a two-year priced option.
|
||||||||||||||||
Noble Gus Androes
|
Levingston Class 111-C
|
1982/2004
|
300'-IC
|
Qatar
|
Maersk Oil Qatar
|
Mid Aug 2009
|
Mid Dec 2010
|
49-51
|
Rig substitution for Noble David Tinsley contract; rig to serve as an accommodation.
|
||||||||||||||||
Qatar
|
Maersk Oil Qatar
|
Mid Dec 2010
|
Late Mar 2011
|
51-53
|
Rig to serve as an accommodation. Plus three two-month priced options.
|
60
|
|||||||||||||||||||
Noble Harvey Duhaney
|
Levingston Class 111-C
|
1976/2001
|
300'-IC
|
Qatar
|
Total
|
Early Jun 2010
|
Early Dec 2011
|
59-61
|
Contract is subject to a 60-day notice of cancellation. Plus two six-month priced options.
|
||||||||||||||||
Noble Alan Hay
|
Levingston Class 111-C
|
1980/2005
|
300'-IC
|
UAE (Dubai)
|
Dubai Petroleum
|
Mid Oct 2009
|
Mid Nov 2011
|
#
|
Rate withheld at request of operator. Contract is subject to a 90-day notice of cancellation.
|
||||||||||||||||
Noble Roy Rhodes
|
MLT Class 116-C
|
1979/2009
|
300’-IC
|
Qatar
|
Total E&P Qatar
|
Mid Sep 2010
|
Mid Feb 2011
|
59-61
|
Work over program.
|
||||||||||||||||
UAE (Hamriyah)
|
Shipyard
|
Mid Feb 2011
|
Late Mar 2011
|
-
|
Contract preparation; including adding additional leg length.
|
45
|
|||||||||||||||||||
328'-IC
|
Ras Al Khalmah
|
RAK Al Khalij
|
Early Apr 2011
|
Mid May 2011
|
88-90
|
Plus up to 150-day priced option.
|
|||||||||||||||||||
Oman
|
RAK Petroleum Oman
|
Mid May 2011
|
Mid Oct 2011
|
92-94
|
Plus up to 200-day priced option.
|
||||||||||||||||||||
Noble Joe Beall
|
Modec 300C-38
|
1981/2004
|
300'-IC
|
Qatar
|
McDermott
|
Late Sep 2010
|
Early Nov 2010
|
10-12
|
Received contract - standby rate.
|
||||||||||||||||
Qatar
|
McDermott
|
Early Nov 2011
|
Mid May 2011
|
53-55
|
Accommodation work.
|
||||||||||||||||||||
Noble David Tinsley
|
Modec 300C-38
|
1981/2004
|
300'-IC
|
UAE (Hamriyah)
|
Shipyard
|
Early May 2009
|
Early Dec 2010
|
-
|
Estimated timing for leg repair/replacement; then available. The unit is currently warm stacked.
|
24
|
18
|
||||||||||||||
Noble Gene House
|
Modec 300C-38
|
1981/1998
|
300'-IC
|
Qatar
|
Maersk Oil Qatar
|
Late May 2009
|
Mid Dec 2010
|
47-49
|
Accommodation work.
|
||||||||||||||||
Qatar
|
Maersk Oil Qatar
|
Mid Dec 2010
|
Late Mar 2011
|
49-51
|
Accommodation work. Plus one one-month priced option.
|
||||||||||||||||||||
Noble Charles Copeland
|
MLT Class 82-SD-C
|
1979/2001
|
280’-IC
|
UAE (Hamriyah)
|
Shipyard
|
Early Dec 2009
|
-
|
Available. The unit is currently warm stacked.
|
92
|
18
|
|||||||||||||||
Noble Chuck Syring
|
MLT Class 82-C
|
1976/1996
|
250’-IC
|
Qatar
|
RasGas
|
Early Feb 2010
|
Early Feb 2012
|
47-49
|
Accommodation work; plus one one-year priced option. Contract is subject to a 120-day notice of cancellation.
|
||||||||||||||||
Dhabi II
|
Baker Marine BMC 150
|
1982/2006
|
150'-IC
|
UAE (Abu Dhabi)
|
ADOC
|
Mid Jul 2008
|
Mid Jul 2011
|
91-93
|
14
|
|
|||||||||||||||
Noble Dick Favor
|
Baker Marine BMC 150
|
1982/2004
|
150'-IC
|
UAE (Hamriyah)
|
Shipyard
|
Mid Feb 2010
|
-
|
Available. The unit is currently cold stacked.
|
92
|
18
|
|||||||||||||||
India Jackups (4) (c, d)
|
|||||||||||||||||||||||||
Noble Ed Holt
|
Levingston Class 111-C
|
1981/2003
|
300’-IC
|
India
|
Jindal/ONGC
|
Late Feb 2010
|
Late Feb 2015
|
54-56
|
Rig bareboat chartered to Jindal which is contracted with ONGC.
|
||||||||||||||||
Noble George McLeod
|
F&G L-780 MOD II
|
1981/1995
|
300’-IC
|
India
|
Jindal/ONGC
|
Early Jan 2009
|
Early Jan 2012
|
132-134
|
Rig bareboat chartered to Jindal which is contracted with ONGC.
|
||||||||||||||||
Noble Charlie Yester
|
MLT Class 116-C
|
1980
|
300’-IC
|
India
|
Jindal/ONGC
|
Early Jun 2010
|
Early Jun 2013
|
49-51
|
Rig bareboat chartered to Jindal which is contracted with ONGC.
|
||||||||||||||||
Noble Kenneth Delaney
|
F&G L-780 MOD II
|
1983/1998
|
300'-IC
|
India
|
Deepwater Drilling/ONGC
|
Early Oct 2010
|
Late Sep 2013
|
49-51
|
Rig bareboat chartered to Deepwater Drilling which is contracted with ONGC.
|
||||||||||||||||
Southeast Asia Drillship (2)
|
|||||||||||||||||||||||||
Noble Phoenix
|
Gusto Engineering Pelican Class
|
1979/2009
|
5,000' DP
|
Brunei
|
Shell
|
Late Jun 2010
|
Late Oct 2010
|
243-245
|
|||||||||||||||||
Brunei
|
Shell |
Late Oct 2010
|
Mid Feb 2011
|
339-341
|
|||||||||||||||||||||
Shipyard & In-transit & acceptance testing
|
Noble
|
Mid Feb 2011
|
4Q 2011
|
-
|
Received MOU to swap the Noble Phoenix for the Noble Muravlenko to complete current Noble Muravlenko contract. Expect substitution to take place in 4Q 2011. Remainder of Noble Phoenix contract with Shell is cancelled. The Petrobras Noble Muravlenko/Noble Phoenix swap is subject to Petrobras board approval and finalization of contract.
|
45
|
91
|
92
|
|||||||||||||||||
Noble Discoverer
|
Arctic Class Hull ICE-05; Sonat Discoverer Class
|
1976/2009
|
1,000'
|
Shipyard
|
Shell
|
Mid Jul 2007
|
Late Dec 2010
|
154-156
|
Rate is subject to escalation adjustments.
|
||||||||||||||||
New Zealand
|
Shell
|
Early Jan 2011
|
Early May 2011
|
154-156
|
|||||||||||||||||||||
TBA
|
Shell
|
Early May 2011
|
Mid Nov 2011
|
154-156
|
Plus two one-year priced options.
|
||||||||||||||||||||
Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.
|
Page 3 of 4
NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - January 18, 2011
|
.
|
Approximate actual and estimated unpaid down time days *
|
||||||||||||||||||||||||
RIG
|
RIG DESIGN
|
YEAR BUILT / REBUILT
|
WATER DEPTH
|
LOCATION
|
OPERATOR
|
ESTIMATED CONTRACT START DATE
|
ESTIMATED CONTRACT EXPIRATION DATE
|
FULL CONTRACT DAYRATE ($000)
|
COMMENTS
|
4Q-10
|
1Q-11
|
1Q-11
|
2Q-11
|
3Q-11
|
4Q-11
|
|||||||||||
A
|
A
|
E
|
E
|
E
|
E
|
|||||||||||||||||||||
This fleet status report contains information on contracts and letters of intent or awards with our customers. Letters of intent or awards are noted in the comments section and may not result in an actual drilling contract. The information contained in this fleet status report is as of the date of the report only and is subject to change without notice to the recipient, and we assume no duty to update any portion of the information contained herein. This fleet status report contains statements that are not historical facts, which are “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements about estimated duration of client contracts, contract dayrate amounts, future contract commencement dates, shipyard projects, our business, financial performance and prospects. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Various factors could cause actual results to differ materially.
|
||||||||||||||||||||||||||
Full Contract Dayrate reflects the full daywork operating rate payable to the Company by the operator as provided in the applicable drilling contract unless otherwise specified. The average dayrate over the term of the contract will be lower and could be substantially lower. The actual average dayrate will depend upon a number of factors (rig downtime, suspension of operations, etc.) including some beyond our control. Our client contracts and operations are generally subject to a number of risks and uncertainties. We discuss these factors, including risks, uncertainties and assumptions concerning actions by our clients, governments and other third parties, drilling activity levels, market conditions, operational difficulties, weather related events and other matters, from time to time in our filings with the U.S. Securities and Exchange Commission (“SEC”), which we urge you to review and which are available free of charge on the SEC’s Web site at www.sec.gov.
|
||||||||||||||||||||||||||
Newbuild Drillship (5)
|
||||||||||||||||||||||||||
Noble Globetrotter I - Newbuild
|
Globetrotter Class
|
2011
|
10,000'-DP
|
Dalian, China - STX / Netherlands - Huisman
|
Shipyard
|
Mid Oct 2011
|
-
|
|||||||||||||||||||
In-transit & acceptance testing
|
Mid Oct 2011
|
Late Dec 2011
|
-
|
|||||||||||||||||||||||
US GOM
|
Shell
|
Early Jan 2012
|
Late Dec 2021
|
409-411
|
Contract is at a fixed dayrate the first five years and is eligible for a 15% performance bonus. During the second five years, the unit will earn a dayrate based on a market index and also be eligible for a 15% performance bonus.
|
|||||||||||||||||||||
Noble Globetrotter II - Newbuild
|
Globetrotter Class
|
2013
|
10,000'-DP
|
Dalian, China - STX / Netherlands - Huisman
|
Shipyard
|
Early Jun 2013
|
-
|
|||||||||||||||||||
In-transit & acceptance testing
|
Early Jun 2013
|
Late Oct 2013
|
-
|
|||||||||||||||||||||||
TBA
|
Shell
|
Early Nov 2013
|
Late Oct 2023
|
409-411
|
Contract is at a fixed dayrate the first five years and is eligible for a 15% performance bonus. During the second five years, the unit will earn a dayrate based on a market index and also be eligible for a 15% performance bonus.
|
|||||||||||||||||||||
Noble Bully I (g) - Newbuild
|
GustoMSC Bully PRD 12000
|
2011
|
8,200'-DP
|
Keppel
|
Shipyard
|
Mid Jul 2011
|
||||||||||||||||||||
In-transit & acceptance testing
|
Late Jul 2011
|
Late Nov 2011
|
||||||||||||||||||||||||
US GOM
|
Shell
|
Late Nov 2011
|
Late Nov 2016
|
440-445
|
Plus four 1-year priced options.
|
|||||||||||||||||||||
Noble Bully II (g) - Newbuild
|
GustoMSC Bully PRD 12000
|
2011
|
8,200'-DP
|
Keppel
|
Shipyard
|
Late Sep 2011
|
||||||||||||||||||||
In-transit & acceptance testing
|
Early Oct 2011
|
Mid Dec 2011
|
Actual start-up time will be influenced by the length of the customs importation process. | |||||||||||||||||||||||
Brazil
|
Shell
|
LateDec 2011
|
LateDec 2021
|
440-445
|
Contract is at a fixed dayrate the first five years. During the second five years, the unit will earn a dayrate based on a market index and also be eligible for a 15% performance bonus.
|
|||||||||||||||||||||
Shell Drillship Letter of Intent | TBA | TBA |
8,500'-DP
|
TBA
|
Shell
|
Second half of 2013 |
Late 2018
|
409-411 | Eligible for a 15% performance bonus. Actual unit to be determined. Drilling contract term is 5 1/2 years subject to Shell board approval. | |||||||||||||||||
Newbuild Jackups (2)
|
||||||||||||||||||||||||||
Noble Jackup I - Newbuild
|
F&G JU-3000N
|
2012
|
400'-IC
|
Jurong
|
Shipyard
|
Late Dec 2012
|
||||||||||||||||||||
In-transit & acceptance testing
|
Early Jan 2013
|
Early May 2013
|
||||||||||||||||||||||||
TBA
|
TBA
|
TBA
|
TBA
|
TBA
|
Options for up to four additional units which must be exercised by January 1, 2012. Each option unit may be priced individually and is priced based on the original unit price, plus a potential escalation factor, with future deliveries scheduled in six-month increments beginning in late 2013.
|
|||||||||||||||||||||
Noble Jackup II - Newbuild
|
F&G JU-3000N
|
2013
|
400'-IC
|
Jurong
|
Shipyard
|
Late Jun 2013
|
||||||||||||||||||||
In-transit & acceptance testing
|
Early Jul 2013
|
Early Dec 2013
|
||||||||||||||||||||||||
TBA
|
TBA
|
TBA
|
TBA
|
TBA
|
||||||||||||||||||||||
Other (1)
|
||||||||||||||||||||||||||
Seillean - FPSO
|
A1 Floating Production & Storage Installation LMC, category 2B ship
|
1989/2008
|
6,500'-DP
|
US GOM
|
BP
|
Late Jul 2010
|
Late Oct 2010
|
303-305
|
As previously disclosed, we are in a dispute with BP over amounts owed under the contract, although we believe we have satisfied our obligations under the charter and are owed the amounts due under the charter. Based on the available information and the analysis we have performed to date, we have recorded the revenue under this charter.
|
|||||||||||||||||
Late Oct 2010
|
-
|
Available. The unit is currently warm stacked.
|
61
|
|||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
||||||||||||||||||
1176
|
324
|
477
|
402
|
202
|
244
|
|||||||||||||||||||||
(a)
|
Unit has been upgraded to the NC-5SM mooring standard.
|
|||||||||||||||||||||||||
(b)
|
Rig utilizes the Aluminum Alloy Riser technology.
|
|||||||||||||||||||||||||
(c)
|
In various market segments, the Company contracts with certain parties for the provision of certain local services and advice. Compensation paid to such parties by the Company typically is based on a percentage of the drilling contract’s daywork operating rate, and the Company accounts for such payments in its financial statements in the contract drilling services operating costs and expenses line item.
|
Fourth Quarter 2010 Total: (includes: shipyard, stacked and downtime days.)
|
1176
|
|||||||||||||||||||||||
(d)
|
Listed rigs are modified bareboat charter; cost structure varies by region.
|
|||||||||||||||||||||||||
(e)
|
Leg extensions fabricated to enable the rig to operate in up to 390' of water in a non-harsh environment.
|
2011 Total: (includes: shipyard, stacked and downtime days.)
|
1649
|
|||||||||||||||||||||||
(f)
|
Rig is currently equipped to operate in 250' of water. Leg extensions fabricated to enable the rig to operate in up to 300' of water.
|
|||||||||||||||||||||||||
(g)
|
Commitment split 50/50 - Joint Venture between Shell and Noble Corp.
|
|||||||||||||||||||||||||
(h)
|
The drilling contract provides the client with the right to terminate the contract in the event of excessive downtime.
|
|||||||||||||||||||||||||
*
|
A = Actual approximate downtime incurred during the quarter indicated as of the report date; E = Estimated additional downtime days expected to occur as of the report date.
|
|||||||||||||||||||||||||
# =
|
Rate withheld at request of operator.
|
|||||||||||||||||||||||||
Definitions of Date Ranges:
|
||||||||||||||||||||||||||
Early: 1st - 10th
|
||||||||||||||||||||||||||
Mid: 11th - 20th
|
||||||||||||||||||||||||||
Late: 21st - End of Month.
|
||||||||||||||||||||||||||
Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.
|
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