Presentation

Noble Corporation is one of the largest offshore drilling contractors in the world, with a fleet consisting of both jackups, drillships, and a semisubmersible. The company was spun off from Noble Affiliates in 1985 and has since developed through a series of acquisitions. The company is headquartered in London and listed on the New York Stock Exchange.

In February 2021, the company successfully completed a balance sheet restructuring and emerged from a Chapter 11 process. After the process it had less than USD 300m in debt and as of Q2’21 over USD 600m of liquidity. Since then, the company has further improved its liquidity position through the sale of four jackups for USD ~285m.

In April 2021, Noble completed the acquisition of Huston-based offshore driller Pacific Drilling. Pacific Drilling’s shareholders received approximately ~25 % of the outstanding shares in Noble. Both companies had recently emerged from their respective Chapter 11 processes.