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Noble Corp raises expectations

Rig company Noble Corp., which is to merge with Maersk Drilling, raises its full-year guidance. The two merging partners prepare rigs divestment following UK authority concerns.

Photo: PR Maersk Drilling

Increased activity on the offshore drilling market has led to soaring day rates for Noble Corp., and this prompts the US rig company to raise its expectations for 2022 prior to the planned merger with Maersk Drilling.

Noble expects adjusted revenue of USD 1,130-1,180m for the whole year, and earnings before interest, taxes, depreciations and amortizations (EBITDA) of USD 320-350m, according to the company’s Q1 financial statement.

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