Noble Clinches New Contract for Ocean Apex in Australia

Noble Corporation plc (NE) Contract Updates - Noble Corporation's semi-submersible drilling rig Ocean Apex has secured a new contract in Australia with an undisclosed client, extending its stay in the region [1] - The new drilling assignment is expected to last at least 37 days and will follow Ocean Apex's prior commitments in Australia between Q2 and Q3 2025 [2] - Ocean Apex is currently under contract with Santos until May 2025, after which it will begin a campaign with Chevron scheduled to end in July 2025 [2] Rig Specifications and Capabilities - Ocean Apex, built in 2014, has a maximum drilling depth of 30,000 feet and can operate in water depths of approximately 6,000 feet, accommodating up to 140 people [3] - Noble Developer, another semi-submersible rig, was built in 2008 and can operate in water depths of approximately 10,000 feet [3] Recent Contract Wins - Noble Corporation recently secured a drilling contract in Suriname with Petronas, involving the drilling of three wells offshore Suriname using the Noble Developer rig [3] Energy Sector Competitors - TechnipFMC plc (FTI) reported a total backlog of $14.7 million in Q3 2024, an 11.1% increase from the previous year, indicating strong revenue growth [5] - Sunoco LP (SUN) is one of the largest motor fuel distributors in the US, with a distribution yield higher than the industry's composite stocks [6] - Oceaneering International (OII) provides integrated technology solutions across all stages of the offshore oilfield lifecycle, supporting client retention and new business opportunities [7]