Noble closes Diamond acquisition, appoints new director

Sept. 4, 2024
Noble says the transaction adds about $2 billion of backlog.

Noble Corp. has completed its acquisition of Diamond Offshore Drilling Inc. 

Noble reported, "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."

Patrice Douglas has been appointed from the Diamond board of directors to serve as a new director of Noble.

Noble also 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 with Exxon Mobil for the company's four drillships operating in Guyana. These updates increase Noble's current backlog to $6.7 billion.

Courtesy Equinor
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