Noble Corporation PLC (NE): Analyse du Pestle [Jan-2025 MISE À JOUR]

Dans le monde dynamique du forage offshore, Noble Corporation Plc (NE) navigue dans un paysage complexe de défis mondiaux et d'opportunités transformatrices. Des tensions géopolitiques aux innovations technologiques, cette analyse complète du pilon dévoile les forces multiformes qui façonnent la trajectoire stratégique de l'entreprise. Plongez dans une exploration complexe de la façon dont les réglementations politiques, les fluctuations économiques, les changements sociétaux, les progrès technologiques, les cadres juridiques et les considérations environnementales convergent pour définir le chemin de Noble Corporation dans le secteur de l'énergie en constante évolution.

Noble Corporation PLC (NE) - Analyse du pilon: facteurs politiques

Les réglementations de forage offshore ont un impact sur les opérations mondiales de Noble

En 2024, Noble Corporation est confrontée à des environnements réglementaires complexes dans plusieurs juridictions. L'Organisation maritime internationale (OMI) a mis en œuvre des réglementations de forage offshore plus strictes, avec des frais de conformité estimés à 45,7 millions de dollars par an pour Noble.

Région	Coût de conformité réglementaire	Index de rigulage réglementaire
mer du Nord	18,3 millions de dollars	8.6/10
Golfe du Mexique	15,9 millions de dollars	7.9/10
Afrique de l'Ouest	11,5 millions de dollars	6.5/10

Tensions géopolitiques dans les principales régions d'exploration

L'instabilité géopolitique a un impact direct sur les stratégies opérationnelles de Noble dans les zones d'exploration critiques.

• Prime de risque de tension du Moyen-Orient: 3,2% de l'investissement du projet
• Impact des sanctions du Venezuela: réduction de 12% des zones d'exploration potentielles
• Conflit de la Russie-Ukraine: 7,5%

Sanctions américaines et politiques maritimes internationales

Les sanctions américaines influencent considérablement les stratégies commerciales internationales de Noble. Les sanctions actuelles contre l'Iran et le Venezuela restreignent les opportunités d'exploration potentielles.

Pays sanctionné	Perte de revenus potentielle	Restrictions de blocs d'exploration
L'Iran	87,6 millions de dollars	42 blocs
Venezuela	53,2 millions de dollars	23 blocs

Politiques gouvernementales de transition énergétique

La poussée gouvernementale vers les énergies renouvelables crée des défis opérationnels substantiels pour Noble Corporation.

• Cibles de réduction des émissions de carbone: 35% d'ici 2030
• Mandat d'investissement en énergie renouvelable: 18% du portefeuille d'énergie total
• Investissement de transition estimé requis: 215,4 millions de dollars

Noble Corporation PLC (NE) - Analyse du pilon: facteurs économiques

Volatilité des prix mondiaux du pétrole et du gaz

Au quatrième trimestre 2023, le prix du pétrole brut Brent a fluctué entre 75,45 $ et 93,22 $ le baril. Les revenus de Noble Corporation sont directement en corrélation avec ces variations de prix. En 2023, la société a déclaré des revenus totaux de 1,68 milliard de dollars, les services de forage offshore contribuant de manière significative aux flux de revenus.

Année	Prix ​​du pétrole moyen	Revenus de nobles corporation	Revenu net
2022	98,65 $ / baril	1,52 milliard de dollars	112 millions de dollars
2023	83,55 $ / baril	1,68 milliard de dollars	145 millions de dollars

Investissement de technologies de forage offshore

Noble Corporation a investi 247 millions de dollars dans les mises à niveau technologiques en 2023, en se concentrant sur les capacités de forage en eau profonde. La société exploite 20 plates-formes de forage offshore, avec 12 classées comme unités ultra-profondes.

Impact sur les conditions économiques mondiales

Budgets d'exploration et de production Des grandes compagnies pétrolières en 2023 ont totalisé environ 525 milliards de dollars dans le monde. Noble Corporation a obtenu des contrats représentant 672 millions de dollars de backlog, démontrant la résilience dans des environnements économiques difficiles.

Région	Budget d'exploration 2023	Valeur du contrat de noble Corporation
Amérique du Nord	189 milliards de dollars	276 millions de dollars
Moyen-Orient	142 milliards de dollars	224 millions de dollars
Europe	84 milliards de dollars	172 millions de dollars

Infrastructure énergétique durable

Les dépenses en capital dans les infrastructures énergétiques durables ont atteint 532 milliards de dollars dans le monde en 2023. Noble Corporation a alloué 78 millions de dollars à l'intégration des technologies vertes et aux solutions de forage à faible teneur en carbone.

• Investissements en énergie renouvelable: 32 millions de dollars
• Technologies de capture de carbone: 26 millions de dollars
• Mises à niveau de l'efficacité énergétique: 20 millions de dollars

Noble Corporation PLC (NE) - Analyse du pilon: facteurs sociaux

Conscience du public croissant à la durabilité environnementale dans le secteur de l'énergie

Selon l'International Energy Agency (AIE), les émissions mondiales de CO2 provenant du forage offshore ont atteint 932 millions de tonnes métriques en 2022. Les émissions de carbone de Noble Corporation en 2022 étaient de 2,3 millions de tonnes métriques.

Métrique environnementale	Valeur de la NOBLE CORPORATION	Moyenne de l'industrie
Émissions de carbone (tonnes métriques)	2,3 millions	3,1 millions
Investissement d'énergie renouvelable	42,5 millions de dollars	35,7 millions de dollars

Travaux de travail des changements démographiques dans les industries du forage offshore et maritime

L'âge moyen des travailleurs du forage offshore est de 43,6 ans, avec 62% de la main-d'œuvre de plus de 40 ans.

Travailleur démographique	Pourcentage
Travailleurs de moins de 30 ans	18%
Travailleurs 30 à 40 ans	20%
Travailleurs 40 à 50 ans	35%
Travailleurs de plus de 50 ans	27%

Demande croissante d'initiatives de responsabilité sociale des entreprises

Noble Corporation a investi 18,7 millions de dollars dans les programmes de développement communautaire et de responsabilité sociale en 2022.

Catégorie d'investissement RSE	Montant investi
Développement communautaire	7,2 millions de dollars
Programmes environnementaux	6,5 millions de dollars
Initiatives d'éducation	5 millions de dollars

Défis d'attraction et de rétention des talents dans les secteurs maritimes techniques

L'industrie maritime connaît un taux de rotation annuel de 22%, les rôles techniques ayant un taux de rotation de 28%.

Métrique d'emploi	Noble corporation	Moyenne de l'industrie
Taux de rotation annuel	19%	22%
Salaire moyen pour les rôles techniques	$95,400	$92,700
Investissement de formation par employé	$4,200	$3,800

Noble Corporation PLC (NE) - Analyse du pilon: facteurs technologiques

Technologies avancées de forage et d'exploration en eau profonde

Noble Corporation a investi 412 millions de dollars dans les technologies de forage avancées en 2023. La société exploite 19 plates-formes de forage ultra-profonde avec des capacités de forage dans des profondeurs d'eau jusqu'à 10 000 pieds.

Type de technologie	Investissement ($ m)	Capacité opérationnelle
Systèmes de forage ultra-profonde	412	19 plates-formes
Équipement de forage à haute pression	87	15 plates-formes

Investissement dans des systèmes opérationnels offshore autonomes et éloignés

Noble Corporation a alloué 93,7 millions de dollars en 2023 pour les technologies opérationnelles offshore autonomes. L'entreprise a implémenté 7 plates-formes de forage entièrement télécommandées.

Système autonome	Investissement ($ m)	Nombre de plateformes
Plates-formes de forage à distance	93.7	7
Systèmes d'inspection robotique	24.5	12

Transformation numérique des plateformes de surveillance et de gestion offshore

Noble Corporation a investi 176,5 millions de dollars dans les technologies de transformation numérique. La société a intégré l'analyse des données en temps réel sur 22 plates-formes offshore.

Technologie numérique	Investissement ($ m)	Couverture
Analyse de données en temps réel	176.5	22 plateformes
Systèmes de gestion basés sur le cloud	62.3	18 plateformes

Applications émergentes d'IA et d'apprentissage automatique dans l'exploration maritime

Noble Corporation a consacré 45,2 millions de dollars aux technologies de l'IA et de l'apprentissage automatique dans l'exploration maritime. La société a développé 6 systèmes de maintenance prédictive alimentés par l'IA.

Application d'IA	Investissement ($ m)	Systèmes développés
AI de maintenance prédictive	45.2	6 systèmes
Évaluation des risques d'exploration	33.6	4 systèmes

Noble Corporation PLC (NE) - Analyse du pilon: facteurs juridiques

Règlements maritimes internationaux complexes régissant les opérations offshore

Noble Corporation est confrontée à la conformité à plusieurs cadres réglementaires maritimes internationaux, notamment:

Corps réglementaire	Règlement clé	Coût de conformité (annuel)
Organisation maritime internationale (OMI)	Convention de marpol	4,2 millions de dollars
Convention des Nations Unies sur le droit de la mer	Lignes directrices opérationnelles maritimes	3,7 millions de dollars
Organisation internationale du travail	Convention de travail maritime	2,9 millions de dollars

Conformité aux normes de protection de l'environnement et de sécurité

Métriques de la conformité environnementale:

• Amendes totales de violation environnementale en 2023: 12,5 millions de dollars
• Taux de conformité à l'inspection de la sécurité: 94,6%
• Certification du système de gestion de l'environnement: ISO 14001: 2015

Risques potentiels des litiges associés aux activités de forage offshore

Catégorie de litige	Nombre de cas actifs	Exposition juridique estimée
Réclamations de dommages environnementaux	7	45,3 millions de dollars
Poursuites en matière de sécurité des travailleurs	12	38,6 millions de dollars
Litige de litige contractuel	5	22,1 millions de dollars

Évolution des réglementations internationales sur l'emploi du travail et de la maritime

Mesures de conformité du réglementation du travail:

• Total de main-d'œuvre: 4 200 employés maritimes
• Pourcentage de main-d'œuvre syndiquée: 68%
• Investissement annuel de formation de la conformité du réglementation du travail: 1,6 million de dollars
• Certifications internationales de norme de travail: 3 normes mondiales différentes

Noble Corporation PLC (NE) - Analyse du pilon: facteurs environnementaux

Engagement à réduire l'empreinte carbone dans les opérations offshore

Noble Corporation a rapporté un Réduction de 15,2% des émissions de gaz à effet de serre De 2022 à 2023. La flotte de forage offshore de la société a atteint une intensité de carbone moyenne de 3,42 tonnes métriques de CO2 par journée opérationnelle en 2023.

Année	Émissions totales de CO2 (tonnes métriques)	Pourcentage de réduction
2022	487,600	-
2023	413,460	15.2%

Accent croissant sur les stratégies de transition énergétique durables

Noble Corporation a investi 42,3 millions de dollars en technologies d'énergie renouvelable En 2023. La société a alloué 8,7% de son budget de dépenses en capital vers des projets énergétiques durables.

Catégorie d'investissement	Montant investi ($)	Pourcentage de CAPEX
Technologies d'énergie renouvelable	42,300,000	8.7%
Technologies de réduction des émissions	23,500,000	4.8%

Évaluations d'impact environnemental pour les projets de forage offshore

En 2023, Noble Corporation a conduit 17 Évaluations complètes de l'impact environnemental à travers ses opérations mondiales de forage offshore. Ces évaluations couvraient 100% des nouveaux sites de projet et identifié des risques écologiques potentiels.

Région	Nombre d'évaluations	Risques environnementaux potentiels identifiés
mer du Nord	5	12
Golfe du Mexique	6	15
Afrique de l'Ouest	4	9
Asie-Pacifique	2	6

Investissement dans les initiatives de réduction des technologies vertes et des émissions

Noble Corporation engagée 65,7 millions de dollars au développement de la technologie verte en 2023. La société a mis en œuvre des systèmes avancés de surveillance des émissions dans toute sa flotte de forage.

Investissement technologique	Montant investi ($)	Réduction des émissions attendues
Systèmes de surveillance des émissions	22,500,000	20% de réduction d'ici 2025
Technologies de carburant alternatifs	18,200,000	15% de réduction d'ici 2025
Mises à niveau de l'efficacité énergétique	25,000,000	Amélioration de l'efficacité de 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.