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Northbridge Industrial Services Plc

Noble Corp. secures more work for jack-up rigs

In the Middle East, the jack-up Noble Mick O’Brien has been awarded a contract extension from late October 2019 to late March 2020.

The dayrate for the rig’s contract extension with Qatar Gas has not been disclosed. However, according to Bassoe Offshore, the rig’s dayrate under the part of the contract which expires in October is $85,000.

Noble also said that the Noble Johnny Whitstine rig had incurred 18 days of operational downtime at zero dayrate during 2Q 2019. The rig is under the contract with Saudi Aramco in Saudi Arabia.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.