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Noble Corporation plc announces closing of Diamond acquisition and new appointment to the board of directors
NENoble plc(NE) Prnewswire·2024-09-04 13:18

Core Viewpoint - Noble Corporation has successfully completed the acquisition of Diamond Offshore Drilling, significantly enhancing its position in the offshore drilling sector and creating the largest fleet of 7th generation dual-BOP drillships in the industry, along with adding approximately 2billionofbacklog[1][3].CompanyOverview−NobleCorporationisaleadingoffshoredrillingcontractorfortheoilandgasindustry,operatingoneofthemostmodernandtechnicallyadvancedfleetsintheoffshoredrillingsector[9].AcquisitionDetails−TheacquisitionofDiamondOffshoreDrillingwascompletedonSeptember4,2024,andhasresultedintheissuanceof24,239,941classAordinarysharesofNobletoformershareholdersofDiamond,increasingthetotalsharesoutstandingto167,279,702[5].−Followingtheacquisition,Noble′sbackloghasincreasedto2 billion of backlog [1][3]. Company Overview - Noble Corporation is a leading offshore drilling contractor for the oil and gas industry, operating one of the most modern and technically advanced fleets in the offshore drilling sector [9]. Acquisition Details - The acquisition of Diamond Offshore Drilling was completed on September 4, 2024, and has resulted in the issuance of 24,239,941 class A ordinary shares of Noble to former shareholders of Diamond, increasing the total shares outstanding to 167,279,702 [5]. - Following the acquisition, Noble's backlog has increased to 6.7 billion, which includes 4.8 rig years of backlog awarded under a Commercial Enabling Agreement with ExxonMobil for operations in Guyana [4]. Leadership Changes - Patrice Douglas from the Diamond board has been appointed as a new director of Noble following the acquisition [1][3]. Financial Guidance - Investors are advised that Noble's previously issued financial guidance for 2024 is no longer applicable on a combined company basis after the acquisition [3].