Noble Corporation Plc (NE): Análisis PESTLE [Actualizado en Ene-2025]

En el mundo dinámico de la perforación en alta mar, Noble Corporation PLC (NE) navega por un panorama complejo de desafíos globales y oportunidades transformadoras. Desde las tensiones geopolíticas hasta las innovaciones tecnológicas, este análisis integral de mortero presenta las fuerzas multifacéticas que dan forma a la trayectoria estratégica de la compañía. Coloque en una intrincada exploración de cómo las regulaciones políticas, las fluctuaciones económicas, los cambios sociales, los avances tecnológicos, los marcos legales y las consideraciones ambientales convergen para definir el camino de la corporación noble en el sector energético en constante evolución.

Noble Corporation Plc (NE) - Análisis de mortero: factores políticos

Las regulaciones de perforación en alta mar impactan las operaciones globales de Noble

A partir de 2024, Noble Corporation enfrenta entornos regulatorios complejos en múltiples jurisdicciones. La Organización Marítima Internacional (OMI) implementó regulaciones de perforación en alta mar en alta mar, con costos de cumplimiento estimados en $ 45.7 millones anuales para Noble.

Región	Costo de cumplimiento regulatorio	Índice de rigurosidad regulatoria
Mar del Norte	$ 18.3 millones	8.6/10
Golfo de México	$ 15.9 millones	7.9/10
África occidental	$ 11.5 millones	6.5/10

Tensiones geopolíticas en regiones de exploración clave

La inestabilidad geopolítica afecta directamente las estrategias operativas de Noble en las zonas de exploración crítica.

• Prima de riesgo de tensión de Medio Oriente: 3.2% de la inversión del proyecto
• Venezuela Sanciones Impacto: Reducción del 12% en áreas de exploración potenciales
• Conflicto de Rusia-Ukraine: 7.5% aumentó los costos de seguridad operativa

Sanciones de los Estados Unidos y políticas marítimas internacionales

Las sanciones de Estados Unidos influyen significativamente en las estrategias comerciales internacionales de Noble. Las sanciones actuales contra Irán y Venezuela restringen las posibles oportunidades de exploración.

País sancionado	Pérdida potencial de ingresos	Restricciones de bloques de exploración
Irán	$ 87.6 millones	42 bloques
Venezuela	$ 53.2 millones	23 bloques

Políticas de transición energética del gobierno

El impulso gubernamental hacia la energía renovable crea desafíos operativos sustanciales para Noble Corporation.

• Objetivos de reducción de emisiones de carbono: 35% para 2030
• Mandato de inversión de energía renovable: 18% de la cartera de energía total
• Se requiere inversión de transición estimada: $ 215.4 millones

Noble Corporation Plc (NE) - Análisis de mortero: factores económicos

Volatilidad en los precios mundiales de petróleo y gas

A partir del cuarto trimestre de 2023, Brent Crude Oil Price fluctuó entre $ 75.45 y $ 93.22 por barril. Los ingresos de Noble Corporation se correlacionan directamente con estas variaciones de precios. En 2023, la compañía reportó ingresos totales de $ 1.68 mil millones, y los servicios de perforación en alta mar contribuyeron significativamente a los flujos de ingresos.

Año	Precio promedio del petróleo	Ingresos de Noble Corporation	Lngresos netos
2022	$ 98.65/barril	$ 1.52 mil millones	$ 112 millones
2023	$ 83.55/barril	$ 1.68 mil millones	$ 145 millones

Inversión de tecnologías de perforación en alta mar

Noble Corporation invirtió $ 247 millones en mejoras tecnológicas durante 2023, centrándose en las capacidades de perforación de aguas profundas. La compañía opera 20 plataformas de perforación en alta mar, con 12 clasificadas como unidades de agua ultra profunda.

Impacto en las condiciones económicas globales

Presupuestos de exploración y producción De las principales compañías petroleras en 2023 totalizó aproximadamente $ 525 mil millones a nivel mundial. Noble Corporation obtuvo contratos que representan $ 672 millones en retraso en la cartera, lo que demuestra la resiliencia en entornos económicos desafiantes.

Región	Presupuesto de exploración 2023	Noble Corporation Contract Value
América del norte	$ 189 mil millones	$ 276 millones
Oriente Medio	$ 142 mil millones	$ 224 millones
Europa	$ 84 mil millones	$ 172 millones

Infraestructura energética sostenible

El gasto de capital en infraestructura energética sostenible alcanzó los $ 532 mil millones en todo el mundo en 2023. Noble Corporation asignó $ 78 millones para la integración de tecnología verde y las soluciones de perforación baja en carbono.

• Inversiones de energía renovable: $ 32 millones
• Tecnologías de captura de carbono: $ 26 millones
• Actualizaciones de eficiencia energética: $ 20 millones

Noble Corporation Plc (NE) - Análisis de mortero: factores sociales

Creciente conciencia pública de la sostenibilidad ambiental en el sector energético

Según la Agencia Internacional de Energía (IEA), las emisiones globales de CO2 de la perforación en alta mar alcanzaron 932 millones de toneladas métricas en 2022. Las emisiones de carbono de Noble Corporation en 2022 fueron 2,3 millones de toneladas métricas.

Métrica ambiental	Valor de la corporación noble	Promedio de la industria
Emisiones de carbono (toneladas métricas)	2.3 millones	3.1 millones
Inversión de energía renovable	$ 42.5 millones	$ 35.7 millones

Cambios demográficos de la fuerza laboral en la perforación en alta mar y las industrias marítimas

La edad promedio de los trabajadores de perforación en alta mar es de 43.6 años, con el 62% de la fuerza laboral mayor de 40 años.

Demográfico de la fuerza laboral	Porcentaje
Trabajadores menores de 30	18%
Trabajadores 30-40 años	20%
Trabajadores de 40 a 50 años	35%
Trabajadores mayores de 50	27%

Aumento de la demanda de iniciativas de responsabilidad social corporativa

Noble Corporation invirtió $ 18.7 millones en programas de desarrollo comunitario y responsabilidad social en 2022.

Categoría de inversión de CSR	Monto invertido
Desarrollo comunitario	$ 7.2 millones
Programas ambientales	$ 6.5 millones
Iniciativas educativas	$ 5 millones

Desafíos de atracción y retención del talento en los sectores marítimos técnicos

La industria marítima experimenta una tasa de facturación anual del 22%, con roles técnicos que tienen una tasa de facturación del 28%.

Métrico de empleo	Corporación noble	Promedio de la industria
Tasa de facturación anual	19%	22%
Salario promedio para roles técnicos	$95,400	$92,700
Inversión de capacitación por empleado	$4,200	$3,800

Noble Corporation Plc (NE) - Análisis de mortero: factores tecnológicos

Tecnologías avanzadas de perforación y exploración de aguas profundas

Noble Corporation ha invertido $ 412 millones en tecnologías de perforación avanzada a partir de 2023. La compañía opera 19 plataformas de perforación de agua ultra profunda con capacidades de perforación en profundidades de agua de hasta 10,000 pies.

Tipo de tecnología	Inversión ($ m)	Capacidad operativa
Sistemas de perforación de agua ultra profunda	412	19 plataformas
Equipo de perforación de alta presión	87	15 plataformas

Inversión en sistemas operativos autónomos y remotos en alta mar

Noble Corporation asignó $ 93.7 millones en 2023 para tecnologías operativas autónomas offshore. La compañía ha implementado 7 plataformas de perforación totalmente controladas a distancia.

Sistema autónomo	Inversión ($ m)	Número de plataformas
Plataformas de perforación remota	93.7	7
Sistemas de inspección robótica	24.5	12

Transformación digital de plataformas de administración y monitoreo en alta mar

Noble Corporation invirtió $ 176.5 millones en tecnologías de transformación digital. La compañía ha integrado análisis de datos en tiempo real en 22 plataformas en alta mar.

Tecnología digital	Inversión ($ m)	Cobertura
Análisis de datos en tiempo real	176.5	22 plataformas
Sistemas de gestión basados ​​en la nube	62.3	18 plataformas

Aplicaciones emergentes de IA y aprendizaje automático en exploración marítima

Noble Corporation dedicó $ 45.2 millones a IA y tecnologías de aprendizaje automático en exploración marítima. La compañía ha desarrollado 6 sistemas de mantenimiento predictivo con IA.

Aplicación de IA	Inversión ($ m)	Sistemas desarrollados
Mantenimiento predictivo ai	45.2	6 sistemas
Evaluación de riesgos de exploración	33.6	4 sistemas

Noble Corporation Plc (NE) - Análisis de mortero: factores legales

Regulaciones marítimas internacionales complejas que rigen las operaciones offshore

Noble Corporation enfrenta el cumplimiento de múltiples marcos regulatorios marítimos internacionales, que incluyen:

Cuerpo regulador	Regulación clave	Costo de cumplimiento (anual)
Organización Marítima Internacional (OMI)	Convención de Marpol	$ 4.2 millones
Convención de las Naciones Unidas sobre el Derecho del Mar	Pautas operativas marítimas	$ 3.7 millones
Organización Internacional del Trabajo	Convención laboral marítima	$ 2.9 millones

Cumplimiento de los estándares de protección del medio ambiente y seguridad

Métricas de cumplimiento ambiental:

• Multas de violación ambiental total en 2023: $ 12.5 millones
• Tasa de cumplimiento de inspección de seguridad: 94.6%
• Certificación del sistema de gestión ambiental: ISO 14001: 2015

Posibles riesgos de litigios asociados con actividades de perforación en alta mar

Categoría de litigio	Número de casos activos	Exposición legal estimada
Reclamaciones de daños ambientales	7	$ 45.3 millones
Demandas de seguridad de los trabajadores	12	$ 38.6 millones
Litigio de disputas por contrato	5	$ 22.1 millones

Evolucionando el trabajo internacional y las regulaciones de empleo marítimo

Métricas de cumplimiento de la regulación laboral:

• Fuerza laboral total: 4.200 empleados marítimos
• Porcentaje de la fuerza laboral sindicalizada: 68%
• Inversión anual de capacitación de cumplimiento de la regulación laboral: $ 1.6 millones
• Certificaciones internacionales de estándares laborales: 3 estándares globales diferentes

Noble Corporation Plc (NE) - Análisis de mortero: factores ambientales

Compromiso de reducir la huella de carbono en las operaciones en alta mar

Noble Corporation informó un Reducción del 15,2% en las emisiones de gases de efecto invernadero De 2022 a 2023. La flota de perforación en alta mar de la compañía logró una intensidad promedio de carbono de 3.42 toneladas métricas de CO2 por día operativo en 2023.

Año	Emisiones totales de CO2 (toneladas métricas)	Porcentaje de reducción
2022	487,600	-
2023	413,460	15.2%

Aumento del enfoque en estrategias de transición de energía sostenible

Noble Corporation invirtió $ 42.3 millones en tecnologías de energía renovable Durante 2023. La Compañía asignó el 8.7% de su presupuesto de gastos de capital para proyectos de energía sostenible.

Categoría de inversión	Monto invertido ($)	Porcentaje de CAPEX
Tecnologías de energía renovable	42,300,000	8.7%
Tecnologías de reducción de emisiones	23,500,000	4.8%

Evaluaciones de impacto ambiental para proyectos de perforación en alta mar

En 2023, Noble Corporation realizó 17 Evaluaciones integrales de impacto ambiental en sus operaciones globales de perforación en alta mar. Estas evaluaciones cubrieron el 100% de los nuevos sitios de proyectos e identificaron riesgos ecológicos potenciales.

Región	Número de evaluaciones	Posibles riesgos ambientales identificados
Mar del Norte	5	12
Golfo de México	6	15
África occidental	4	9
Asia-Pacífico	2	6

Inversión en tecnología verde y iniciativas de reducción de emisiones

Noble Corporation comprometida $ 65.7 millones para el desarrollo de tecnología verde en 2023. La compañía implementó sistemas avanzados de monitoreo de emisiones en toda su flota de perforación.

Inversión tecnológica	Monto invertido ($)	Reducción de emisiones esperadas
Sistemas de monitoreo de emisiones	22,500,000	Reducción del 20% para 2025
Tecnologías alternativas de combustible	18,200,000	15% de reducción para 2025
Actualizaciones de eficiencia energética	25,000,000	Mejora de la eficiencia del 25%

Noble Corporation Plc (NE) - PESTLE Analysis: Social factors

Strategic Focus on 'Caring for People' and Community Engagement

You need to see the social landscape not just as a compliance checklist, but as a core investment in operational stability. Noble Corporation Plc's approach centers on its 'Caring for People' pillar, a strategic focus area within its Environmental, Social, and Governance (ESG) framework. This isn't just a mission statement; it dictates where capital and time are spent.

For the 2025 fiscal year, the company has explicit plans to expand its impact by deepening its engagement with local communities where it operates, aiming for meaningful, lasting change. This is a direct response to the increasing societal expectation that major energy players contribute positively beyond their immediate operations. It's a smart move, defintely, as social license to operate (SLO) is becoming a non-negotiable risk factor for long-term contracts.

Empowering Guyanese Talent and Creating Economic Opportunities

The high-growth Guyana-Suriname basin is a critical region for Noble Corporation Plc, and local content requirements are strict. The company's strategy here is a concrete example of translating social focus into a tangible economic benefit for the host country.

Through the Noble Marine Cadet Program, Noble Corporation Plc is actively building a local, specialized workforce. Here's the quick math on their commitment to this high-growth region:

Program Metric	2024 (Actual)	2025 (Target/Actual)	Change
Full Scholarships Awarded to Guyanese Nationals	6	20	+233%

This 233% increase in scholarships for Guyanese nationals in 2025 is a clear, measurable commitment to local workforce development and creating economic opportunities. Plus, Noble Corporation Plc is part of the Wells Alliance Guyana, a collaboration with the operator and other service providers, which further strengthens its ability to work in a unified manner and unlock collective opportunities in the region.

Workplace Inclusion and Health & Safety as Strategic Focus Areas

Safeguarding the workforce is a key element of the 'Caring for People' strategy, and both Health & Safety and Workplace Inclusion (which includes Diversity, Equity, and Inclusion or DEI) are designated as strategic focus areas. The goal is a no-harm workplace: no injury to personnel, no harm to the environment, and no damage to equipment. That's the only acceptable standard.

The company is moving beyond reactive safety measures, which focus on actual outcomes, to a proactive, preventative approach. This includes:

• Implementing the Live Safe Code, a set of mandatory requirements for high-risk activities.
• Using a Safety-II approach, which encourages regular learning and improvement from normal work, not just incidents.
• Strengthening governance in critical incident risk management by implementing digital tools for a real-time view of cumulative asset risks.

Tight Labor Market Pushes Up Operating Costs

The offshore drilling industry is facing a tight labor market for specialized crews, especially for the high-specification floaters that make up the majority of Noble Corporation Plc's fleet. This is a significant social factor that translates directly into financial pressure.

The demand for experienced, highly-trained rig personnel-like drillers, subsea engineers, and maintenance technicians-is outstripping supply. This scarcity forces upward pressure on wages and benefits, which are a major component of a rig's operating expenses (OpEx). To be fair, this is a market-wide trend, but it still impacts your bottom line.

You can see the immediate impact in the 2025 financial results. Contract drilling services costs for the second quarter of 2025 totaled $502 million, which was an increase of $40 million from the $462 million reported in the prior quarter. While this sequential increase is also driven by factors like rig utilization, the competitive market for talent is a constant upward driver on remuneration and retention costs. This cost pressure is a near-term risk that requires continuous talent management and retention programs to mitigate.

Noble Corporation Plc (NE) - PESTLE Analysis: Technological factors

Noble Corporation's technological strategy is not just about having the biggest rigs; it's a clear, two-pronged focus on maximizing operational efficiency today and pioneering low-carbon solutions for tomorrow. You are seeing the company commit significant capital to solidify its position as the market leader in high-specification (high-spec) drilling, while simultaneously making defintely necessary moves into decarbonization technology.

Fleet focus is on advanced, high-specification units like 7th generation drillships.

The core of Noble Corporation's strategy is a flight to quality, concentrating its deepwater fleet on high-specification units, particularly 7th-generation drillships. Following the acquisition of Diamond Offshore Drilling Inc., the company's total number of 7th-generation drillships increased to approximately 15 vessels. This focus allows Noble Corporation to command premium dayrates, as these advanced rigs are essential for the most complex, ultra-deepwater projects globally.

These high-spec assets are driving significant contract value. For example, recent fixtures for Tier-1 drillships have been securing dayrates in the low-to-high $400,000s. Furthermore, a pair of V-class 7th-generation drillships secured four-year contracts with Shell in the U.S. Gulf, each carrying a base dayrate value of $606 million (inclusive of upgrades and services) over the contract term, highlighting the market's demand for this superior technology.

Noble Corporation's High-Specification Floater Fleet Advantage (2025)

Metric	Value (Post-Acquisition)	Significance
Total 7th-Generation Drillships	15	Largest fleet of ultra-deepwater, high-spec assets.
Tier-1 Drillship Dayrates (Recent)	Low-to-high $400,000s	Indicates premium pricing power due to technology.
Total Marketed Floaters	25	Floater fleet was 80% contracted in Q1 2025.

Capital Expenditures for 2025 increased to $400 to $450 million to fund fleet upgrades for new contracts.

The company is putting its money where its strategy is. For the full year 2025, Noble Corporation updated its guidance for Capital Expenditures (CapEx) (net of reimbursements) to a range of $400 million to $450 million. This is an increase from the previous guidance range and is directly attributed to the capital needed for fleet upgrades associated with securing recent long-term contracts. Here's the quick math: these CapEx dollars are essentially investments to ensure their rigs meet the stringent, often customized, technical requirements of supermajors like Shell and TotalEnergies, which drives higher, longer-term revenue.

Development of a conceptual design for the world's first green methanol-powered jackup rig.

Looking past diesel, Noble Corporation has completed a conceptual study for the conversion of an offshore rig to run on green methanol, resulting in a conceptual design for the world's first green methanol drilling rig. This is a critical step in addressing the industry's decarbonization challenge. The feasibility study focused on upgrading a harsh environment jackup rig operating offshore Norway.

The environmental benefit of this technological pivot is substantial:

• Potential to cut $\text{CO}_2$ emissions by up to 95%.
• Ability to reduce nitrogen oxide by up to 80%.
• Elimination of sulfur oxide and particulate matter emissions.

The conceptual design offers fuel flexibility, allowing the rig to use green methanol, fossil methanol, conventional diesel, and biodiesel, which helps manage the near-term challenge of securing a reliable supply of green methanol. The fact is, the industry needs this kind of innovation to meet the International Maritime Organization (IMO) expectations to reduce greenhouse gas (GHG) emissions by 2030.

Implementation of the 'EnergyWise' program to use digital insights for energy efficiency and emission reduction.

Noble Corporation is leveraging digital technology to drive immediate operational savings through its 'EnergyWise' program. This initiative is a company-wide effort to reduce energy consumption by empowering rig crews with data and energy-saving behaviors. The program is specifically designed to contribute to an expected 6% reduction in overall energy consumption.

The company is also utilizing its Energy Efficiency Insights (EEI) system across 29 marketed rigs. This system provides critical data on daily fuel consumption and calculates emissions in carbon dioxide equivalent ($\text{CO}_2\text{e}$). The implementation of these digital and technical upgrades is expected to result in a reduction of more than 5,700 tons of $\text{CO}_2$ per year per platform, equating to a 12% decrease in emissions on those specific platforms. That's a clear, quantifiable return on a digital investment.

Noble Corporation Plc (NE) - PESTLE Analysis: Legal factors

For a company like Noble Corporation, legal and regulatory shifts are not just compliance headaches; they are direct drivers of operational efficiency and market access. The 2025 landscape shows a clear split: a major regulatory easing in the US Gulf of Mexico that boosts production potential, but also immediate, high-stakes litigation challenging the future of US offshore leasing.

US Interior Department eased pressure rules for drilling in the Gulf of Mexico's Wilcox formation, increasing the allowable differential to 1500 psi. That's a big operational win.

The US Interior Department's policy update in April 2025 is a significant operational tailwind for deepwater drillers. The Bureau of Safety and Environmental Enforcement (BSEE) revised the rules for Downhole Commingling in the Paleogene (Wilcox) reservoirs, expanding the allowable pressure differential from 200 psi to 1,500 psi. This is a 650% increase in the pressure difference allowed between reservoirs in a single well bore, allowing operators to safely produce from multiple zones simultaneously. This is a defintely a major technical and economic advantage.

The immediate impact is a boost to the entire Gulf of Mexico region. The Interior Department anticipates this change will increase US oil production by over 100,000 barrels per day over the next ten years. For Noble Corporation, which has high-specification floaters operating in the US Gulf, this change means existing wells can recover 61% more oil over a 30-year period compared to the older, sequential production methods. This regulatory easing directly translates to increased efficiency and higher potential returns for Noble's customers, which in turn strengthens demand for their high-end rigs.

Regulatory Change	Old Limit (psi)	New Limit (psi)	Anticipated Economic Impact (US Gulf)
Downhole Commingling Pressure Differential (Wilcox Formation)	200	1,500	>100,000 bpd production increase over 10 years

Preparing for future European Corporate Sustainability Reporting Directive (CSRD) requirements.

While a US-based driller, Noble Corporation is a public limited company incorporated under the laws of England and Wales, and its global operations mandate compliance with European regulations, especially the Corporate Sustainability Reporting Directive (CSRD). This directive significantly expands the scope and detail of non-financial reporting, requiring a double materiality assessment (looking at both the financial impact of sustainability issues on the company and the company's impact on people and the environment).

Noble Corporation is ahead of the curve, preparing for these future requirements by using the European Sustainability Reporting Standards (ESRS) framework for its 2024 Sustainability Report. This proactive compliance work is crucial for maintaining access to European capital markets and satisfying institutional investors. Their focus areas for 2025 include:

• Launching energy management plans on their rigs.
• Working toward a goal to reduce carbon intensity by 20 percent by 2030.
• Deepening engagement with local communities in their operating locations.

This early preparation minimizes the risk of non-compliance fines and positions the company as a more responsible counterparty for European energy majors.

New US offshore leasing plan faces potential legal challenges for forgoing the standard NEPA (National Environmental Policy Act) review.

The most significant legal risk in the near term is the ongoing challenge to the US offshore leasing program. The Interior Department's Bureau of Ocean Energy Management (BOEM) decided to forgo the standard environmental review required by the National Environmental Policy Act (NEPA) for the new offshore leasing plan, which includes an 80-million-acre Gulf oil sale scheduled for December 10, 2025, and a proposed total of 34 lease sales between 2026 and 2031.

This decision immediately triggered a lawsuit in November 2025 from a coalition of environmental groups, including Earthjustice and the Sierra Club, who are asking the US District Court to stop the December 10 sale entirely. The core legal argument is that skipping the NEPA review violates decades of precedent and federal law by failing to analyze the risks of catastrophic oil spills and harm to endangered species like the Rice's whale. The outcome of this litigation is binary: if the court sides with the environmental groups, the entire pipeline of new US offshore leases could be halted or significantly delayed. This would restrict future growth opportunities for Noble Corporation, whose full-year 2025 Total Revenue is guided to be between $3,225 and $3,275 million.

Here's the quick math: Delays in new leases mean less long-term drilling demand, which could put downward pressure on dayrates in the US Gulf, even with a current contract backlog of $7.0 billion as of October 2025.

Action for you: Monitor the US District Court for the District of Columbia filings on the NEPA challenge weekly. The ruling will defintely impact your long-term demand models for the US deepwater market.

Noble Corporation Plc (NE) - PESTLE Analysis: Environmental factors

Company goal is to reduce carbon intensity by 20 percent by 2030 from a 2021 baseline.

You need to know where Noble Corporation is heading with its carbon footprint, and the goal is clear: a 20 percent reduction in carbon intensity by 2030, measured in metric tons of CO₂ equivalent (MtCO₂e) per contracted day.

This is a realistic, data-driven target focusing on Scope 1 and 2 emissions, which are the ones the company directly controls. For context, the 2021 baseline for their jackup rigs was approximately 40.05 MtCO₂e/contracted day, and for floaters, it was around 122.10 MtCO₂e/contracted day.

Here's the quick math on recent progress, showing the challenge is real:

Rig Type	2021 Carbon Intensity Baseline (MtCO₂e/contracted day)	2024 Carbon Intensity (MtCO₂e/contracted day)
Jackups	~40.05	36.48
Floaters	~122.10	112.99

The company is on track, but the 2024 numbers still need significant improvement to hit the 20 percent reduction target by 2030. That's the core metric to watch for all investors.

Active participation in Carbon Capture and Storage (CCS) with a successful CO₂ injection pilot offshore Denmark.

Noble Corporation is defintely positioning itself as a key enabler in the emerging Carbon Capture and Storage (CCS) market, which is a big opportunity. The company completed a successful CO₂ injection pilot offshore Denmark as part of Project Greensand, utilizing the Noble Resolve jack-up rig.

This pilot proved the world's first cross-border CO₂ value chain for offshore storage. The commercial phase of Project Greensand is targeting a storage capacity of 1.5 million tons of CO₂ per year starting in 2025, which is a material volume.

Noble holds an exclusive first right to all drilling work involved in Project Greensand until the end of 2027, giving them a competitive edge in this new segment.

• Secures drilling rights until 2027.
• Project targets up to 8 million tons per year by 2030.
• Developing a modular rig package for CCS wells to address CO₂-specific challenges.

Launching energy management plans on rigs in 2025 to support ISO 50001 compliance.

A major operational focus for 2025 is the implementation of rig-specific energy management plans across the fleet to support a roadmap for ISO 50001 compliance, the international standard for energy management systems.

This isn't just a paper exercise; it's driven by the internal EnergyWise program, which empowers rig crews to find efficiencies. The program, which received over 400 crew suggestions in 2024, is expected to contribute an estimated 6% reduction in energy consumption when fully rolled out.

The foundation for this is the Energy Efficiency Insights (EEI) monitoring solution, which was implemented across all 29 marketed rigs in 2023, providing the real-time data needed to make these plans effective.

Asset retirement is ongoing, with the disposal of rigs like the Pacific Scirocco and Pacific Meltem.

Noble is actively managing its fleet lifecycle to reduce environmental and financial drag from older, cold-stacked assets. In February 2025, the company announced plans to divest the Pacific Scirocco (built 2011) and Pacific Meltem (built 2014) drillships to permanently retire them from drilling operations, likely through scrapping.

This is a smart move that is immediately cash flow accretive, meaning it helps the bottom line right away. Eliminating these non-contributing assets removes ongoing holding costs, which typically run between $5,000 to $15,000 per day per unit for cold-stacked rigs.

Plus, it removes the risk of future reactivation costs, which could easily exceed $50 million per unit if market conditions shifted. It simplifies the fleet, which is better for both capital allocation and environmental reporting.