Noble Corporation plc has finalized its acquisition of Diamond Offshore Drilling, Inc. for $1.59 billion, significantly enhancing its footprint in the offshore drilling industry. The acquisition, initially announced in June, adds approximately $2 billion to Noble’s backlog and creates the largest fleet of 7th generation dual-BOP drillships. As a result of the merger, Noble now operates 41 rigs, including 28 floaters and 13 jackups, with a total backlog of about $6.7 billion. Additionally, Patrice Douglas from Diamond’s board has been appointed as a new director at Noble. The integration activities are underway ahead of schedule, and the company has advised investors that its previous financial guidance for 2024 is no longer applicable. An updated fleet status report includes 4.8 rig years of backlog awarded under the Commercial Enabling Agreement with ExxonMobil for Noble’s four drillships in Guyana, increasing the current backlog to $6.7 billion.
Offshore Drilling, Energy, Mergers and Acquisitions,United States, Guyana
https://mergersacquisitions.einnews.com/article/741384658/156XYAQtuLYh2AM9?ref=rss&ecode=Q1vNcweEggLWKz7L