Shell Awards $70M Drilling Contract to Noble Corporation

Group 1: Shell and Noble Corporation Contract - Shell plc awarded a $70 million contract to Noble Corporation for the semisubmersible rig Noble Developer, which will be available for 180 days starting in Q3 2026 after its contract with Petronas [1] - The Noble Developer is capable of operating in water depths of around 10,000 feet and has a maximum drilling depth of approximately 40,000 feet [2] - The day rate for the new contract with Shell is $390,000, slightly below the previous rate of $411,000 for work done in Brazil in 2023 [2] Group 2: Noble Developer's Previous Commitments - Before starting work for Shell, Noble Developer will complete a contract with Petronas, involving drilling three wells offshore Suriname, valued at $84 million and expected to last about 200 days starting in June 2025 [4] Group 3: Noble Corporation's Strategic Moves - Noble Corporation plans to retire two cold-stacked drillships, Pacific Scirocco and Pacific Meltem, which have been inactive since 2017 and 2020 respectively, indicating a focus on safety and efficiency [5]