(Offshore-energy.biz)Texas-headquartered offshore drilling contractor Noble Corporation is feeling buoyant over the future opportunities for its rig fleet, especially the floater segment, as the U.S.-based player anticipates a further rise in day rates and the number of long-term deals. This will enable the drilling giant to bolster its fleet utilization level. With new multimillion-dollar assignments in the bag, the firm’s total backlog currently stands at $4.4 billion.
The current upcycle has enabled all players in the offshore drilling arena to boost their fleet utilization and day rates, thanks to a rise in rig demand, as hammered home by Noble’s peers, Transocean and Valaris, which also increased their contract backlogs in the first quarter of 2024 to $8.9 billion and $4 billion, respectively.
For complete article read: https://www.offshore-energy.biz/noble-ceo-floaters-to-keep-on-reaping-the-benefits-of-offshore-drilling-markets-multi-year-uptrend/
Brazil Energy Insight 
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