Noble Corporation plc (NYSE: NE) has announced today it’s new standard specification offshore drilling company will be named Paragon Offshore and led by 38-year offshore industry veteran, Randall D. (Randy) Stilley, PE.
“I consider it a privilege to accept this opportunity with Paragon Offshore,” Stilley commented in an emailed statement. His previous roles included CEO and President of Seahawk Drilling, CEO of the mat-supported jackup rig business at Pride International, as well as President and CEO of Hercules Offshore. “We have an outstanding team and a very capable fleet of assets to build upon. I look forward to working with our customers, employees and investors in this exciting new opportunity,” he added.
Stilley is a registered professional engineer in the state of Texas and a Member of the Society of Petroleum Engineers. He holds a B.S. degree in Aerospace Engineering from the University of Texas at Austin.
Noble also announced appointments of Paragon Offshore’s executive team consisting of:
- Charlie Yester – Sr. VP of Operations
- Andrew Tietz – Sr. VP Marketing and Contracts
- Lee Ahlstrom – Senior Vice President of Investor Relations, Strategy and Planning
- Todd Strickler – Vice President and General Counsel
David W. Williams, Chairman, President and Chief Executive Officer of Noble Corporation commented:
“I’m excited with the degree of talent these individuals bring to the emerging organization. Each of them has contributed significantly to the success of Noble in recent years and their professionalism and experience in the industry positions Paragon Offshore for success in the future.”
Paragon Offshore’s fleet will initially consist of five drillships, three semi-submersibles, thirty-four jack-ups, one FPSO and the Hibernia platform offshore Canada.