Noble is optimistic about the prospects of the global drilling market

According to a report from the US drilling website on May 6, 2021, Noble, a world-renowned offshore drilling contractor, is optimistic about the prospects of the global drilling market.

This is what Noble Chairman and CEO Robert Effler made the above statement in the company's first quarter performance statement a few days ago.

Noble was released from Chapter 11 of the Bankruptcy Law on February 5 and adopted a new accounting method, which makes the company a new reporting entity for accounting and financial reporting.

From February 6 to March 31, Noble reported revenue of US$92 million, of which drilling service contract revenue was US$85 million, and the adjusted net loss was US$27 million.

Noble announced the acquisition of Pacific Drilling Company in March and completed the acquisition on April 15.

In Noble’s first-quarter results statement, Evre said: “We are very pleased to accelerate the completion of the acquisition of Pacific Drilling Company.

He said: "The integration of Pacific Drilling's high-spec drilling fleet and Noble's business is progressing smoothly.

Ivler continued: "We are still committed to maintaining a strong balance sheet and capital discipline, and we look forward to continuing to implement our strategy to create value for shareholders.

Li Jun compiled from the U.

The original text is as follows:

Noble Corporation Optimistic on Market Outlook

Noble Corporation is optimistic about the market outlook.

That's what Robert W.

Noble emerged from Chapter 11 bankruptcy protection on February 5 and adopted fresh-start accounting, which resulted in the company becoming a new reporting entity for accounting and financial reporting purposes.

From February 6 to March 31, Noble Corporation reported revenues of $92 million, with a contract drilling services revenue of $85 million, and an adjusted net loss of $27 million.

Noble Corporation announced the acquisition of Pacific Drilling in March, which closed on April 15.

"We are pleased to have completed the Pacific Drilling acquisition on an expedited timeline," Eifler said in Noble Corporation's first quarter results statement.

　　"The integration of Pacific Drilling's high specification drillships into Noble's operations is going well, and we are excited to have available drillship capacity again to better serve the needs of our customers.

　　"We remain committed to maintaining a strong balance sheet and to capital discipline, and we look forward to continuing to execute on our strategy and build shareholder value," Eifler went on to say.