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NE Lands New Drilling Contracts in Ghana & the U.S. Gulf of Mexico
NENoble plc(NE) ZACKS·2024-12-26 19:10

Noble Corporation Contracts - Noble Venturer drillship secured a contract with Tullow Oil for its Ghanaian subsidiary, Tullow Ghana, to drill six firm wells offshore Ghana starting in 2025 [6][11] - Noble Globetrotter I drillship secured a contract in the U S Gulf of Mexico for one firm well with six optional wells, potentially totaling 70millionover200daysstartingJanuary2025[2][11]TheNobleVenturercontractincludesasuspensionperiodatzerorateuntilyearend2025afterdrillingthefirsttwowellswithin120days[6]TheNobleGlobetrotterIcontractwillresumeinJanuary2026for240daystodrilltheremainingfourwells,valuedat70 million over 200 days starting January 2025 [2][11] - The Noble Venturer contract includes a suspension period at zero rate until year-end 2025 after drilling the first two wells within 120 days [6] - The Noble Globetrotter I contract will resume in January 2026 for 240 days to drill the remaining four wells, valued at 171 million, with three optional phases of 120 days each [4] Oceaneering International Overview - Oceaneering International is a leading offshore equipment and technology solutions provider, delivering integrated solutions across the offshore oilfield lifecycle [3] - The company's innovative and integrated solutions support client retention and new business opportunities, ensuring steady revenue growth [3] TechnipFMC plc Performance - TechnipFMC plc's total backlog reached $14 7 million in Q3 2024, an 11 1% increase year-over-year, indicating strong revenue growth potential [13] Nine Energy Service Market Position - Nine Energy Service provides onshore completion and production services across key U S and Canadian basins, positioning the company for long-term growth due to sustained oil and gas demand [8]