Noble Corporation (ticker: NE, exchange: New York Stock Exchange (.N))
News Release -
Noble Sets New Record for Deepwater MooringNoble Amos Runner Successfully Moored at 7,650 Feet in Gulf of Mexico
SUGAR LAND, Texas, Aug 31, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Noble Corporation
(NYSE: NE) today announced that the Company's semisubmersible drilling unit
Noble Amos Runner has successfully established a new world record for the
deepest "conventionally moored rig" by mooring in 7,650 feet of water in Green
Canyon Block 955. Noble will be drilling at this location, which is
approximately 200 miles south of Houma off the Louisiana coast, for Kerr-McGee
Oil & Gas Corporation, a wholly-owned subsidiary of Anadarko Petroleum.
The Noble Amos Runner set this record using the rig's existing mooring
system, as opposed to using pre-set mooring systems that require anchors or
suction piles to be in place before the rig arrives. The system includes
9,500 feet of 3-1/4" anchor wire and 4,250 feet of 2-3/4" anchor chain on each
of the rig's nine anchor points. With a total length of over 23 miles, the
complete mooring system weighs in excess of 2,270 tons.
The Noble Amos Runner is a Noble EVA-4000(TM) designed semisubmersible
unit upgraded in 1999. Rated to operate in water depths up to 8,000 feet, the
Noble Amos Runner is equipped to drill wells up to 32,500 feet total depth.
The Noble Amos Runner also has an outstanding safety record, having worked
more than five years without a lost time accident.
While the rig's existing mooring system meets all current Minerals
Management Service interim guidelines for this location, the Noble Amos Runner
is one of four Noble EVA-4000(TM) rigs scheduled to be equipped with Noble's
NC-5(SM) mooring system. This system, which was developed following Hurricane Ivan in 2004 and Hurricanes Katrina and Rita in 2005, increases the number of mooring points from nine to 12, providing added station keeping ability during extreme weather.
Noble Corporation is a leading provider of diversified services for the
oil and gas industry. Contract drilling services are performed with the
Company's fleet of 63 mobile offshore drilling units located in key markets
worldwide. This fleet consists of 13 semisubmersibles, three dynamically
positioned drillships, 44 jackups and three submersibles. The fleet count
includes three F&G JU-2000E enhanced premium newbuild jackups under
construction, with scheduled delivery of the first unit in the third quarter
of 2007, the second unit in first quarter of 2008 and the third unit in the
first quarter of 2009. As previously announced, these units have been
contracted. Approximately 84 percent of the fleet is currently deployed in
international markets, principally including the Middle East, Mexico, the North
Sea, Brazil, West Africa and India. The Company provides technologically
advanced drilling-related products and services designed to create value for
our customers. The Company also provides labor contract drilling services,
well site and project management services, and engineering services. The
Company's ordinary shares are traded on the New York Stock Exchange under the
Additional information on Noble Corporation is available via the worldwide
web at http://www.noblecorp.com .
SOURCE Noble Corporation
Lee M. Ahlstrom, Vice President - Investor Relations and Planning, +1-281-276-6440,
or John S. Breed, Director of Corporate Communications, +1-281-276-6729, both of