Noble to swap rig in Brazil, citing "reliability"

Noble Corp, the world's second-largest offshore drilling contractor by fleet size, plans to swap out an underperforming rig for key client Petrobras and take a $40 million charge for an abandoned upgrade.
The Noble Phoenix, now working in Brunei for Royal Dutch Shell Plc , would move to Brazil later this year to replace the Noble Muravlenko to address "reliability issues" faced by the latter rig, Noble said in a statement on Monday.
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Source: Reuters