ExxonMobil extends rig contract for work offshore Guyana

ExxonMobil has extended its contract with Noble Corp. PLC for use of the Noble Tom Madden ultra-deepwater drillship by 6.5 years under an existing commercial enabling agreement for work offshore Guyana.

Originally contracted until mid-February 2024, the additional term extends the contract until mid-August 2030. Rig day rate will be updated at least twice/year subject to a scale-based discount and performance bonus under the original agreement which also provides ExxonMobil flexibility to transfer awarded term between rigs Noble Don Taylor, Noble Bob Douglas, Noble Tom Madden, and Noble Sam Croft.