
HOUSTON, February 3, 2025 — Noble Corporation plc (“Noble” or the “Company”) (NYSE: NE) today announced plans to sell the idled drillships Pacific Meltem and Pacific Scirocco to eliminate associated costs and focus resources on its operational fleet. The Company intends to divest these assets permanently from drilling operations, potentially including scrapping them.
Robert W. Eifler, Noble Corporation plc’s President and Chief Executive Officer, commented, “Retiring these unproductive assets reflects our ongoing cost-benefit analysis of unused capacity. These actions will immediately boost cash flow and streamline Noble’s fleet.”
About Noble Corporation
Noble is a leading offshore drilling contractor serving the oil and gas industry. The Company operates a modern, versatile, and technologically advanced fleet of offshore drilling units. Noble and its predecessors have provided contract drilling services for oil and gas wells since 1921. Noble’s subsidiaries focus on ultra-deepwater and high-specification jackup drilling opportunities globally.
Forward-Looking Statements
This announcement contains “forward-looking statements” as defined in Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements, except for historical facts, are forward-looking, including statements regarding divestitures and their projected effects. Forward-looking statements involve risks and uncertainties, and actual results may differ materially. Terms like “guidance,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “on track,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” “achieve,” “shall,” “target,” “will,” and similar expressions typically identify forward-looking statements. While we believe these statements are reasonable, we offer no guarantee of their accuracy. These statements reflect our views as of today’s date, and we have no obligation to update them, except as legally required. Risks and uncertainties are detailed in Noble’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other SEC filings, including those related to the Diamond Transaction and the potential for its benefits not being fully realized or taking longer than expected. Shareholder distributions (dividends or buybacks) depend on the Board of Directors’ assessment of business development, growth strategy, leverage, and financing needs. There’s no assurance of future dividend or buyback programs.
SOURCE Noble Corporation plc