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Pictured: Noble Company’s Regina Allen jackup rig
Noble Company has taken a serious strategic step to streamline its offshore fleet, saying definitive agreements to divest six jackups in two separate transactions that can transition the corporate right into a pure-play deepwater and ultra-harsh-environment operator.
Below the primary deal, Borr Drilling will purchase 5 Noble rigs — the Tom Prosser, Mick O’Brien, Regina Allen, Resilient and Resolute — for a complete of $360 million. The consideration consists of $210 million in money and $150 million in vendor notes backed by first-lien safety on three of the models. Closing is predicted in early 2026, pending Borr’s financing. Noble will proceed to function the Mick O’Brien and Resolute for as much as one 12 months below a bareboat constitution settlement.
In a second transaction, Noble agreed to promote the Noble Resolve to Ocean Oilfield Drilling for $64 million, with closing focused for the second quarter of 2026 following completion of its present contract.
Noble CEO Robert W. Eifler stated the divestitures sharpen the corporate’s strategic focus whereas strengthening its monetary place. “These transactions are anticipated to be instantly accretive to our shareholders and can bolster our stability sheet as we focus on our established positions within the deepwater and ultra-harsh jackup segments,” he stated.
As soon as the gross sales shut, Noble’s fleet will totally align with its long-term plan to pay attention capital on higher-specification property that assist deepwater development and ultra-harsh-environment drilling demand.
Pictured above: the Resolute jackup rig working within the North Sea.
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