Noble Corporation

Noble Corporation

Offshore drilling services provider

Overview

Noble Corporation provides offshore drilling services to the oil and gas industry, operating a global fleet of rigs to support exploration and production. It uses its rigs, crews, and equipment to execute drilling programs under contract, including mobilization, drilling operations, and ongoing support to meet safety and regulatory requirements. The company differentiates itself through its long history, public listing since 1969, and a global footprint shaped by strategic moves and acquisitions that expanded its scale. Its goal is to deliver reliable offshore drilling services worldwide while maintaining operational efficiency, safety, and value for shareholders through steady growth.

About Noble Corporation

Simplify's Rating
Why Noble Corporation is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

London, United Kingdom

Founded

1985

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Simplify's Take

What believers are saying

  • July 27, 2026 backlog reached $6.8 billion, supporting 2027 revenue visibility.
  • June 2026 refinancing of $800 million adds $35 million annual cash benefits.
  • BP, ConocoPhillips, and TotalEnergies booked 2027-2028 work on Noble rigs.

What critics are saying

  • Brazil's ANP suspension cut Q2 2026 revenue and still threatens 2027 earnings.
  • Securities firms investigating Noble since August 2026 increase settlement and disclosure risk.
  • A prolonged Brazil regulator ban would remove Noble’s highest-value operating basin.

What makes Noble Corporation unique

  • Noble runs one of offshore drilling’s youngest, most technically advanced ultra-deepwater fleets.
  • Its 2026 backlog spans Brazil, Norway, Guyana, Australia, and Asia-Pacific.
  • High-spec jackups and drillships let Noble shift rigs across regional demand.

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Funding

Total Funding

$2.3B

Above

Industry Average

Funded Over

4 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Professional Development Budget

Hybrid Work Options

Stock Price

Company News

Article Publishing
Sep 2nd, 2026
Deepwater exploration and energy security boosting the Offshore Drilling Rigs Market.

Deepwater exploration and energy security boosting the Offshore Drilling Rigs Market. As per recent industry analysis, the Offshore Drilling Rigs Market is on a strong growth trajectory, driven by rising energy demand, increased exploration activities, and technological advancements that make deepwater extraction more viable. The market is projected to grow at a CAGR of 6.8% from 2025 to 2035, reaching USD 177.39 billion. Offshore drilling rigs are essential for exploring and extracting petroleum from beneath the seabed, playing a critical role in meeting global energy needs. The primary driver for this market is the increasing demand for energy and the need for energy security. As populations grow and economies expand, the demand for oil and gas remains high, necessitating the exploration of untapped offshore reserves. The growth of the oil and gas industry is enhancing the demand for offshore drilling rigs, as they facilitate the extraction, exploration, storage, and processing of petroleum and natural gas. Regions like the Arctic and deep-water areas are becoming focal points for exploration efforts, driven by advancements in drilling technologies and favorable regulatory conditions. Technological advancements are revolutionizing the market. The integration of artificial intelligence in the drilling process, such as using AI for predictive capabilities, is enhancing safety and efficiency. The market is also seeing a growing preference for semi-submersible rigs, which combine the advantages of submersible rigs with deepwater drilling ability, and drillships with advanced dynamic positioning systems. North America is the largest market, holding a significant share driven by high-specification jack-up and drillship activity in the Gulf of Mexico. Asia-Pacific is emerging as the fastest-growing region, fueled by increasing energy demands from rapidly growing economies like China and India. Key players like Transocean, Seadrill, and Noble Corporation are investing in new deepwater rigs and digital platforms to enhance operational efficiency. As countries continue to invest in offshore exploration to secure energy resources, the offshore drilling rigs market is poised for sustained growth. Gain a competitive edge with insightful market reports:

Offshore Energy
Aug 18th, 2026
Noble's 2014-built jack-up rig scores drilling job in Norwegian waters.

Noble's 2014-built jack-up rig scores drilling job in Norwegian waters. August 18, 2026, by Melisa Cavcic Noble Corporation, a U.S.-based offshore drilling giant, has secured a new assignment for one of its jack-up rigs on the Norwegian Continental Shelf (NCS). Noble has been awarded a one-well contract with Orlen Upstream Norge, a subsidiary of Poland's Orlen, for the Noble Intrepid ultra-harsh environment jack-up rig to drill an exploration well on PL1135 off the coast of Norway. With an estimated duration of 40-60 days, the assignment is expected to start in the third quarter of 2027. The 2014-built Noble Intrepid Gusto MSC CJ70 X150 MD jack-up rig can accommodate 150 people. Capable of working in water depths of 492 feet, the rig's maximum drilling depth is 40,000 feet. The rig was previously booked by BP for work in the UK from April 2026 to September 2027 on a day rate of $150,000. Noble recently equipped one of its drillships with new equipment and shed light on its expectations of a strengthening offshore drilling market and busier years ahead for the global rig fleet. Power your brand with offshore energy. Take the spotlight and anchor your brand in the heart of the offshore world! Join Offshore Energy International for a bigger impact and amplify your presence at the core hub of the offshore energy community!

Splash 247
Aug 18th, 2026
Noble lands one-well jackup deal offshore Norway.

Noble lands one-well jackup deal offshore Norway. 0 498 Less than a minute Offshore drilling giant Noble Corporation has been awarded a one-well contract for one of its ultra-harsh environment jackup rigs. The Norwegian arm of Polish energy group ORLEN has hired the 2014-built Noble Intrepid to drill an exploration well offshore Norway. The contract is expected to begin in the third quarter of 2027 and last an estimated 40-60 days. The unit is currently working for BP in the United Kingdom. The contract with the supermajor was supposed to end in September this year. However, the rig will stay with BP until September 2027 after a year of backlog was transferred from the Noble Innovator.

Drilling Contractor
Aug 7th, 2026
ConocoPhillips books Noble Interceptor for Ekofisk P&A.

ConocoPhillips books Noble Interceptor for Ekofisk P&A. Aug 7, 2026 0 66 Less than a minute Noble was awarded a contract by ConocoPhillips for the ultra-harsh environment jackup Noble Interceptor. The scope comprised plug and abandonment work on wells in the Greater Ekofisk Area offshore Norway, with the contract expected to commence in Q3 2027 and run for an estimated 670 days. Built in 2014, the Noble Interceptor was a Gusto MSC CJ70 X150 MD-design jackup capable of operating in water depths of up to 150 m, with a maximum drilling depth of 12,200 m. The Greater Ekofisk Area lies about 300 km southwest of Stavanger and contains the Ekofisk field, discovered in 1969, along with the Eldfisk, Embla, Tor, and Tommeliten A fields.

Onewave News
Aug 7th, 2026
Noble's 2014-built jack-up rig scoops up new P&A job with ConocoPhillips.

Noble's 2014-built jack-up rig scoops up new P&A job with ConocoPhillips. August 7, 2026 Noble Corporation, a U.S.-based offshore drilling giant, has lined up a new assignment for a 12-year-old jack-up rig off the coast of Norway with ConocoPhillips Skandinavia, a subsidiary of the U.S.-headquartered energy company ConocoPhillips. Noble has been awarded a contract by ConocoPhillips Skandinavia for the Noble Interceptor ultra-harsh environment jack-up rig offshore Norway. This deal, which is expected to start in the third quarter of 2027, has an estimated duration of 670 days. The 2014-built Noble Interceptor jack-up rig is of Gusto MSC CJ70 X150 MD design. With a maximum drilling depth of 40,000 feet, the jack-up is capable of operating in water depths of 492 feet. Blake Denton, SVP of Marketing & Contracts at Noble, commented: "We appreciate the opportunity to support ConocoPhillips' operations offshore Norway with the Noble Interceptor. This award reflects an exciting new relationship for us on the shelf, and we look forward to demonstrating the full capabilities of this asset and crew." The rig's scope of work comprises plug and abandonment (P&A) of wells in the Greater Ekofisk Area (GEA), located around 300 kilometers southwest of Stavanger. This area, which contains the Ekofisk field discovered in 1969, also includes other producing fields, such as Eldfisk, Embla, Tor, and Tommeliten A. The extensive network of interconnected platforms is centered around the Ekofisk Complex, with oil exported via pipeline to Teesside, UK, and gas piped to Emden, Germany. ConocoPhillips most recently sanctioned the Previously Produced Fields (PPF) project, a redevelopment initiative, focusing on the late-life Albuskjell, Vest Ekofisk, and Tommeliten Gamma fields. The subsea tie-back project is expected to bring new production online by late 2028, boosting European gas security with an estimated 90 to 120 million barrels of oil equivalent in recoverable resources. The project will be brought to life as a subsea development solution tied back to the Ekofisk Complex using existing infrastructure with 11 new wells from four subsea templates, tied back via a shared pipeline

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