Noble Wins Rig Contracts for Pemex Operations

14 March 2011 (Last Updated March 14th, 2011 18:30)

Noble Corporation has secured contracts with Mexican petroleum company Pemex for the deployment of six jack-up rigs. The Noble Bill Jennings rig will work for 286 days and Noble Leonard Jones for 272 days, beginning this month. The Noble John Sandifer jack-up rig will be deplo

Noble Corporation has secured contracts with Mexican petroleum company Pemex for the deployment of six jack-up rigs.

The Noble Bill Jennings rig will work for 286 days and Noble Leonard Jones for 272 days, beginning this month.

The Noble John Sandifer jack-up rig will be deployed for 624 days from mid-April.

The remaining three – Lewis Dugger, Gene Rosser and Earl Frederickson – will begin work in late April 2011.

Noble chairman, president and CEO David Williams said that the contracts are a significant step in putting the company’s jack-up fleet back to work in Mexico.

The firm expects to have at least eight jack-ups generating revenue in Mexico by April this year, with opportunities for up to four additional jack-ups.