Noble Corp books impairments totaling USD 4 billion – but orderbook goes up

Financially reborn Noble Corp. sold off five cold-stacked drilling rigs in the fourth quarter 2021 and had to book an asset impairment totaling USD 4 billion as a result, reveals the company's 2020 report. But the orderbook goes up.
Photo: POLFOTO/AP/Daniella Beccaria/seattlepi.com
Photo: POLFOTO/AP/Daniella Beccaria/seattlepi.com

2020 was an extremely difficult year for drilling company Noble Corp, which lived through receivership and a restructuring of the company's billion-dollar debt.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading