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Purchase of a new Gusto MSC CJ46 design jack-up rig

Friday, 05 Oct 2018

Commodities trading group Noble Corporation said it has an option for another new Gusto MSC CJ46 design jack-up rig with the PaxOcean Group.

The jack-up rig was built at PaxOcean Graha shipyard in Batam, Indonesia

Noble has just bought a competed rig from Noble and now says it also has an option for the purchase of a second newbuild CJ46 jack-up from the yard. The rig is designed for moderate environments and allows for operations in water depths of up to 125m and well depths of 10,000m.
In connection with the purchase, Noble has entered into a new drilling contract in the Middle East region with a three-year primary term, plus a one-year option, with an expected commencement of early-2019.