Noble Corp issued their Q4 results and below are the highlights
Announced agreement to combine with Maersk Drilling to create world's leading offshore driller
Received conditional award of 7.4 years of additional term under CEA agreement with ExxonMobil in Guyana
No change to previously disclosed Adjusted Revenue and Adjusted EBITDA guidance for 2022; capex guidance, net of client reimbursables, only adjusted for rollover of capital from 2021
Robert W. Eifler, President and Chief Executive Officer of Noble Corporation, stated "2021 proved to be a truly transformative year in Noble's 100-year history. After completing our restructuring in February, we quickly closed the Pacific Drilling acquisition and relisted on the New York Stock Exchange. During the fourth quarter, we also completed the highly accretive sale of four jackups in Saudi Arabia and announced the creation of the world's leading driller through the proposed combination with Maersk Drilling. While our fourth quarter results were negatively impacted by unplanned downtime on the Noble Globetrotter II and Noble Hans Deul,both rigs were fully operational again by the end of 2021, and we expect to generate an attractive level of free cash flow this year. I am proud of the efforts of our entire organization in 2021 and look forward to an exciting 2022 as we focus on executing our strategy in an improving offshore rig market."
Company’s backlog currently sits at $1.2 billion
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