With $1.1 billion in the bag, Noble looks forward to reaping further benefits of tightening rig market

Offshore drilling contractor Noble Corporation has won new contracts and extensions for multiple rigs in Guyana, Colombia, the U.S. Gulf of Mexico, and offshore Sarawak, Malaysia. Buoyed by its strong operational and financial performance in the first quarter of 2023, the rig owner’s hopes of higher day rates and fleet utilisation are further inflamed by the offshore drilling market's tightening, as a boost in demand puts the spotlight on limited rig supply.