Published: September 6, 2024 |

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Noble Corporation has completed its acquisition of Diamond Offshore Drilling. This transaction enhances Noble’s position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2 billion of backlog.

Following completion of the acquisition of Diamond Offshore Drilling, the company’s board of directors has appointed Patrice Douglas from the Diamond board of directors to serve as a new director of Noble.

“We are excited to close this highly strategic and accretive transaction ahead of schedule and commence our integration activities. On behalf of Noble’s board of directors and employees, I would like to welcome the Diamond organization onboard and look forward to our exciting journey ahead as a combined team,” said Robert Eifler, president and chief executive officer of Noble.

“This combination marks a crucial next step in Noble’s 7G deepwater leadership strategy. We are excited to bring Diamond’s exceptional team and fleet on to the Noble platform and look forward to delivering valuable synergies for all stakeholders through the integration of these two great companies,” said Chuck Sledge, Noble’s chairman of the board of directors.

“I would also like to welcome Patrice Douglas, who was been nominated to join Noble’s board of directors from the Diamond board,” added Sledge.

Noble has published an updated fleet status report reflecting the addition of the Diamond rigs and other updates, chiefly the addition of 4.8 rig years of backlog recently awarded under the commercial enabling agreement (CEA) with ExxonMobil for the company’s four drillships operating in Guyana. These updates increase Noble’s current backlog to $6.7 billion.

Noble is a leading offshore drilling contractor for the oil and gas industry. The company owns and operates one of the most modern, versatile, and technically advanced fleets in the offshore drilling industry. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. Noble performs, through its subsidiaries, contract drilling services with a fleet of offshore drilling units focused largely on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide.

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