Noble Leases Deep-Water Rig, Boosts Rates, in Shell Agreement

Noble Corp., the world’s third- largest deep-water drilling contractor, said it has an agreement to rent one of its idled rigs to Royal Dutch Shell Plc in the Gulf of Mexico.
The Geneva-based owner of 73 drilling rigs also has an agreement to boost the so-called standby rates on three other rigs leased to Shell, Noble said today in a statement. Drilling contractors and operators are negotiating standby rates as a discounted daily rent for rigs that await a U.S. drilling permit in the Gulf of Mexico.
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Source: Bloomberg