Noble Corp. acquires Frontier Drilling

Noble Corp. has closed its acquisition of FDR Holdings Ltd., and now has a drilling fleet of 69 units.

Offshore staff

ZUG, Switzerland -- Noble Corp. has closed its acquisition of FDR Holdings Ltd., and now has a drilling fleet of 69 units.

The acquisition adds three dynamically positioned drillships, two conventionally moored drillships, a conventionally moored deepwater semisubmersible drilling rig, and a dynamically positioned FPSO.

Noble’s chairman, president and CEO, David W. Williams, said: "With the addition of Frontier's units and personnel to the Noble fleet and in conjunction with our separate agreements with Shell, we have strengthened our capabilities and broadened our global footprint, doubled our backlog, and positioned the company to deliver even greater value both to our shareholders and our customers."

07/28/2010

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