Noble buys jack-up from A.P. Moeller - July 25, 2004

Providing coverage of Alaska and northern Canada's oil and gas industryJuly 2004

Vol. 9, No. 30

Week of July 25, 2004

Noble buys jack-up from A.P. Moeller

Ray Tyson

Petroleum News Houston correspondent

Noble Corp. has exercised its option to purchase the premium jack-up drilling rig, the Maersk Viking, from a subsidiary of A.P. Moeller for $32.9 million, the company said July 16.

A year ago Noble paid an option fee of $15 million to the seller for the right to acquire the Maersk Viking.

The Maersk Viking is currently in the territorial waters of the United Arab Emirates being assimilated into Noble’s Middle East fleet which is now comprised of 12 units. The unit is scheduled to commence an 880-day contract in Qatar in mid-September 2004 after an upgrade program. The unit has been renamed the Noble Cees van Diemen.

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