Anadarko Snatches Up Noble Drillship for 3-Year Contract

noble bob douglas hhi hyundai drillship
Rendering of the Noble Bob Douglas, Image: Noble

Noble Corporation (NYSE: NE) announced today that the Noble Bob Douglas, an ultra-deepwater drillship currently under construction at Hyundai Heavy Industries (HHI), has entered into a three-year, $677 million drilling contract with Anadarko Petroleum Corporation (NYSE: APC) for a “very good” day rate of up to $618,000.

The Noble Bob Douglas will likely be utilized for operations primarily in the U.S. Gulf of Mexico following delivery in Q4 2013.  The contract is expected to commence following mobilization to an initial operating location and client acceptance.

About the Noble Bob Douglas

The Noble Bob Douglas is one of four ultra-deepwater drillships being constructed for Noble by HHI. All four drillships are based on a Hyundai Gusto P10000 hull design, capable of operations in water depths of up to 12,000 feet and offering a variable deck load of 20,000 metric tons. The Noble Bob Douglas will be delivered fully equipped to operate in up to 10,000 feet of water while offering DP-3 station keeping, two complete six-ram BOP systems, multiple parallel activity features that improve overall well construction efficiencies and accommodations for up to 210 personnel. The rig will also be equipped with a 165-ton heave compensated construction crane to facilitate deployment of subsea production equipment, providing another level of efficiency during field development programs.

With the award of this contract for the Noble Bob Douglas, two of Noble’s four ultra-deepwater drillships under construction at HHI are now under contract. The remaining two uncontracted drillships are scheduled to be delivered from the shipyard in 2014.