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Noble Details New Contract Awards Comprising $1.3 Billion of Backlog; Shares Up Pre-Bell
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Noble Details New Contract Awards Comprising $1.3 Billion of Backlog; Shares Up Pre-Bell
Mar 11, 2026 1:34 AM

04:44 AM EST, 01/26/2026 (MT Newswires) -- Noble (NE) said Monday it received new contract awards for nine rigs consisting of about $1.3 billion of backlog.

Noble GreatWhite signed a three-year contract with Aker BP for operations offshore Norway, expected to begin in Q2 2027. The award represents roughly $473 million of total contract value. Noble said it expects $160 million of capital expenditures tied to reactivation and contract preparation activities.

Noble Gerry de Souza signed a two-year drilling contract, with up to three years of optional extensions, with an Exxon Mobil ( XOM ) affiliate, with operations targeted for the middle of 2026. Noble said the project is expected to add $292 million to backlog resuming operations via its Nigerian joint venture with Derotech.

Noble shares were up 2.2% in recent premarket activity.

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