Noble Corporation plc (Noble) announced the closing of its acquisition of Diamond Offshore Drilling, Inc (Diamond), significantly bolstering its profile in the offshore drilling industry. The transaction, valued at approximately $2 billion in backlog addition, positions Noble as the owner of the largest fleet of 7th generation dual-BOP drillships. This strategic move, completed ahead of schedule, aims to integrate Diamond’s resources efficiently. Following the acquisition, Noble has appointed Patrice Douglas from Diamond’s board to its own board of directors. An updated fleet status report reveals Noble’s current backlog stands at $6.7 billion, further bolstered by recent contracts with ExxonMobil for operations in Guyana. Noble’s stock exchange and regulatory filings reflect the issuance of 24,239,941 new class A ordinary shares to former Diamond shareholders. The company also assumed Diamond’s unexercised warrants and restricted stock units. The CEO and Chairman of Noble’s board have both expressed enthusiasm for the combined entity’s future, emphasizing potential synergies and strategic alignment in deepwater drilling.
Offshore Drilling, Oil and Gas,United States, Guyana
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