Noble 8-K Regulation FD Disclosure

Exhibit 99.1

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT — January 16, 2007

Estimated Unpaid Down Time Days

ESTIMATED

YEAR

ESTIMATED

CONTRACT

BUILT/

CONTRACT

EXPIRATION

DAYRATE

RIG

RIG DESIGN

REBUILT

WATER DEPTH

LOCATION

OPERATOR

START DATE

DATE

($000)

COMMENTS

4Q-06

1Q-2007

2Q-07

3Q-07

4Q-07

A*

A*

E**

E**

E**

E**

This fleet status report contains “forward-looking statements” within the meaning of the U.S. federal securities laws about our business, financial performance and prospects. Statements about our plans, intentions, expectations, beliefs, estimates, predictions or similar expressions for the future are forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Various factors could cause actual results to differ materially. We discuss these factors, including risks and uncertainties, from time to time in our filings with the U.S. Securities and Exchange Commission.

U.S. Gulf of Mexico (9)

Semisubmersibles (6)

COMMENTS

A*

A*

E**

E**

E**

E**

Noble Clyde Boudreaux (a)

F&G 9500 Enhanced Pacesetter

1987/2007

10,000'

Shipyard

3/31/2007

—

Shell

4/01/2007

3/31/2009

209-211

Two-year contract with Shell to commence after upgrade.

Noble Amos Runner (a)

Noble EVA 4000™

1982/1999

8,000'

Green Canyon 955

Kerr-McGee

1/18/2006

2/28/2007

329-331

Kerr-McGee/Dominion

3/01/2007

5/15/2007

329-331

On assignment from Kerr-McGee to Dominion. Rate effective 1/08/2007 for a maximum of 75 days through 3/24/2007.

Kerr-McGee

5/16/2007

10/31/2007

394-396

Rate effective 3/25/2007. Expect to enter shipyard in 4Q 2007 for +/- 90 days to upgrade to NC-5SM mooring standard (inclusive of work to complete hurricane damage repairs).

Shipyard

11/01/2007

1/31/2008

—

In consideration of the NC-5SM upgrade, the indicated contract dayrates will result in an effective dayrate during the period 3/25/2007 through 3/24/2008 of $329K-$331K, reduced to 95% of the operating dayrate for the first 60 days in the shipyard ($313K-314K) and 80% of the operating dayrate for any days in the shipyard beyond 60 days ($263K-265K).

Kerr-McGee

2/01/2008

3/24/2008

394-396

Kerr-McGee

3/25/2008

3/24/2011

434-436

Noble Jim Thompson (a)

Noble EVA 4000™

1984/1999

6,000'

Mississippi Canyon 730

Shell

9/30/2006

3/01/2007

314-316

Shell

3/02/2007

3/01/2009

424-426

Two-year extension.

Noble Max Smith (a)

Noble EVA 4000™

1980/1999

6,000'

Port Isabel 526

Amerada Hess

3/20/2006

3/31/2008

304-306

Noble Paul Romano (a)

Noble EVA 4000™

1981/1998

6,000'

Mississippi Canyon 506

Anadarko/Newfield

7/1/2006

3/31/2007

385-386

Expect to enter shipyard late in 2Q 2007 for +/- 90 days to upgrade to NC-5SM mooring standard (inclusive of work to complete hurricane damage repairs).

Anadarko/BHP

4/01/2007

5/31/2007

385-386

Anadarko/Shipyard

6/01/2007

8/31/2007

—

In consideration of the NC-5SM upgrade, the indicated contract dayrates will result in an effective dayrate during the period 7/1/2006 through8/31/2007 of $324K-$326K, reduced to 95% of the operating dayrate for the first 60 days in the shipyard ($308K-309K) and 80% of the operating dayrate for any days in the shipyard beyond 60 days ($259K-261K).

Anadarko

9/01/2007

12/31/2008

434-436

Extension of Anadarko contract.

Noble Lorris Bouzigard (b)

Pentagone 85

1975/2003

4,000'

Shipyard

9/22/2006

12/06/2006

—

Experienced 75 days of downtime for upgrades to utilize aluminum alloy riser.

75

Green Canyon 338

Walter O&G

12/07/2006

1/25/2007

129-131

One well +/- 45 days, which will complete commitment made prior to Hurricane Rita.

Mariner / W&T

1/26/2007

3/31/2008

172-173

Submersibles (3)

Noble Joe Alford

Pace 85

1982/2006

70'-C

West Cameron

Mariner

7/18/2006

1/19/2007

84-86

Anticipate +/- 30 days of downtime in3Q 2007 for upgrades.

30

Mariner

1/20/2007

7/19/2007

84-86

Noble Lester Pettus

Pace 85

1982/2007

70'-C

MS - Signal

Shipyard

10/22/2006

1/10/2007

—

Rig entered the shipyard on 10/22/2006 for regulatory inspection and upgrades.Experienced 70 days of downtime 4Q 2006 and 10 days of downtime in 1Q 2007.

70

10

Century

1/11/2007

5/10/2007

74-76

Noble Fri Rodli

Transworld

1979/1998

70'-C

Vermillion 72

Arena

11/10/2006

12/26/2006

46-48

Commenced work on 11/10/2006 for Arena, as a substitute forNoble Joe Alford, to drill one well, which will complete commitment made prior to Hurricane Rita.

30

S. Timbalier 75

Bois d'Arc

12/27/2006

3/06/2007

84-86

One well +/-70 days. Anticipate +/- 30 days of downtime in 2Q 2007 for regulatory inspection and upgrades.

(a)	Unit will be upgraded to the NC-5SM mooring standards, which meet 100-year storm criteria.
(b)	Rig to be upgraded to 4,000' utilizing aluminum alloy riser.
**E = Estimated; * A = Actual
Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.

Page 1 of 6

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT — January 16, 2007

Estimated Unpaid Down Time Days

ESTIMATED

YEAR

ESTIMATED

CONTRACT

RIG

BUILT/

WATER

CONTRACT

EXPIRATION

DAYRATE

RIG

DESIGN

REBUILT

DEPTH

LOCATION

OPERATOR

START DATE

DATE

($000)

COMMENTS

4Q-06

1Q - 2007

2Q-07

3Q-07

4Q-07

A*

A*

E**

E**

E**

E**

This fleet status report contains “forward-looking statements” within the meaning of the U.S. federal securities laws about our business, financial performance and prospects. Statements about our plans, intentions, expectations, beliefs, estimates, predictions or similar expressions for the future are forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Various factors could cause actual results to differ materially. We discuss these factors, including risks and uncertainties, from time to time in our filings with the U.S. Securities and Exchange Commission.

International (54) (c)

Mexico Jackups (10) (d)

COMMENTS

A*

A*

E**

E**

E**

E**

Noble Bill Jennings

MLT Class 84-E.R.C.

1975/1997

390’-IC

Bay of Campeche

Pemex

7/17/2005

5/15/2007

74-76

Anticipate +/- 10 days of downtime in 3Q 2007 for regulatory inspection.

10

Noble Eddie Paul

MLT Class 84-E.R.C.

1976/1995

390’-IC

Bay of Campeche

Pemex

6/01/2006

6/4/2007

140-142

Pemex

6/5/2007

12/4/2009

177-179

Contract extension for 913 days beginning 6/5/2007.

Noble Leonard Jones

MLT Class 53-E.R.C.

1972/1998

390’-IC

Bay of Campeche

Pemex

6/24/2005

6/23/2007

70-71

Pemex

6/24/2007

12/23/2009

185-187

Contract extension for 913 days beginning 6/24/2007.

Noble Johnnie Hoffman

Baker Marine BMC 300

1976/1993

300’-IC

Bay of Campeche

Pemex

7/07/2005

7/06/2007

64-65

Experienced 14 days of downtime in 4Q 2006.

14

Pemex

7/07/2007

10/14/2007

—

Anticipate +/- 100 days of downtime in 3Q 2007/4Q 2007 for rig modifications and regulatory inspection.

87

13

Pemex

10/15/2007

4/16/2010

170-172

Contract extension for 913 days beginning 10/15/2007.

Noble Gene Rosser

Levingston Class 111-C

1977/1996

300’-IC

Bay of Campeche

Pemex

11/01/2006

10/31/2006

66-68

Pemex

11/01/2006

12/16/2007

166-168

Experienced 16 days of downtime in 4Q 2006 for regulatory inspection between contracts.Anticipate +/- 4 days of downtime in 4Q 2007 for regulatory inspection between contracts.

16

4

Pemex

12/21/2007

6/21/2010

170-172

Contract extension for 913 days beginning 12/21/2007.

Noble John Sandifer

Levingston Class 111-C

1975/1995

300’-IC

Bay of Campeche

Pemex

6/16/2005

6/15/2007

64-65

6/16/2007

9/20/2007

—

Anticipate +/- 90 days of downtime in 2Q 2007/3Q 2007 for rig modifications and regulatory inspection.

15

82

Pemex

9/21/2007

3/22/2010

170-172

Contract extension for 913 days beginning 9/21/2007.

Noble Lewis Dugger

Levingston Class 111-C

1977/1997

300’-IC

Bay of Campeche

Pemex

5/21/2005

5/20/2007

64-65

Anticipate +/- 30 days of downtime in 2Q 2007 for regulatory inspection and modifications.

30

Noble Sam Noble

Levingston Class 111-C

1982

300’-IC

Bay of Campeche

Pemex

9/21/2005

9/20/2007

64-65

Anticipate +/- 10 days of downtime in1Q 2007 for regulatory inspection.

10

Pemex

9/21/2007

3/22/2010

170-172

Contract extension for 913 days beginning 9/21/2007.

Noble Earl Frederickson

MLT Class 82-SD-C

1979/1999

250’-IC

Bay of Campeche

Pemex

8/20/2006

5/01/2007

149-151

Anticipate +/- 10 days of downtime in 2Q 2007 for regulatory inspection.

10

Noble Tom Jobe

MLT Class 82-SD-C

1982

250’-IC

Bay of Campeche

Pemex

4/07/2006

8/15/2007

119-121

Brazil Semisubmersible (2)

Noble Paul Wolff

Noble EVA 4000™

1981/1999

10,000’-DP

Brazil

Petrobras

1/01/2006

12/31/2007

163-165

Eligible for a maximum 20% performance bonus.

Petrobras

1/01/2008

12/31/2009

213-215

Rate contingent upon upgrade of unit to 10,000’ water depth capability utilizing aluminum alloy riser. Eligible for a maximum 15% performance bonus.

Petrobras - Downtime Extension

1/01/2010

7/03/2010

213-215

Petrobras can extend contract for contractor responsible downtime (to date - 183 days including shipyard downtime days). Anticipated contract/dayrate expiration assuming Petrobras extension for contractor responsible downtime. Eligible for a maximum 15% performance bonus.

Noble Therald Martin

Pentagone 85

1977/2004

4,000’

Brazil

Petrobras

10/1/2006

10/31/2006

—

Experienced31days of downtime during 4Q 2006for customer acceptance testing upon arrival in Brazil.

31

Brazil

Petrobras

11/01/2006

12/6/2006

113-115

Commenced 22 month contract with Petrobras. Eligible for a maximum 15% performance bonus.

12/06/2006

3/05/2007

—

Experienced 25 days of downtime in 4Q 2006 attributable to damage to mooring system. Anticipate +/- 65 days of downtime during 1Q 2007 to complete repairs.

25

65

3/06/2007

8/31/2008

113-115

Resume 22 month contract with Petrobras. Eligible for a maximum 15% performance bonus.

Brazil

Petrobras

9/01/2008

9/30/2009

113-115

13 month priced option. Customer will pay lump sum reimbursement amount and demob if option is not exercised. Eligible for a maximum 15% performance bonus.

Brazil

Petrobras

10/01/2009

10/31/2010

113-115

13 month priced option. Customer will pay lump sum reimbursement amount and demob if option is not exercised. Eligible for a maximum 15% performance bonus.

Brazil Drillships (3)

Noble Roger Eason

NAM Nedllyod-C

1977/2005

7,200’-DP

Brazil

Petrobras

4/14/2005

3/15/2007

96-97

Experienced 19 days of downtime in 4Q 2006.

19

Brazil

Petrobras

3/16/2007

3/15/2010

136-138

Anticipate +/- 14 days of downtime during 3Q 2007 for regulatory inspection. Eligible for a maximum 15% performance bonus.

14

Brazil

Petrobras - Downtime Extension

3/16/2010

7/26/2010

136-138

Petrobras can extend contract for contractor responsible downtime (to date -102 days including shipyard and expected 3Q 2007 downtime days). Anticipated contract/dayrate expiration assuming Petrobras extension for contractor responsible downtime. Eligible for a maximum 15% performance bonus.

Noble Leo Segerius

Gusto Engineering Pelican Class

1981/2002

5,600’-DP

Brazil

Petrobras

7/01/2006

6/30/2008

123-125

Anticipate +/- 28 days of downtime commencing +/- 3Q 2007 for regulatory inspection and refurbishments. Eligible for a maximum 10% performance bonus.

28

Page 2 of 6

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT — January 16, 2007

Estimated Unpaid Down Time Days

ESTIMATED

YEAR

ESTIMATED

CONTRACT

RIG

BUILT/

WATER

CONTRACT

EXPIRATION

DAYRATE

RIG

DESIGN

REBUILT

DEPTH

LOCATION

OPERATOR

START DATE

DATE

($000)

COMMENTS

4Q-06

1Q - 2007

2Q-07

3Q-07

4Q-07

A*

A*

E**

E**

E**

E**

This fleet status report contains “forward-looking statements” within the meaning of the U.S. federal securities laws about our business, financial performance and prospects. Statements about our plans, intentions, expectations, beliefs, estimates, predictions or similar expressions for the future are forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Various factors could cause actual results to differ materially. We discuss these factors, including risks and uncertainties, from time to time in our filings with the U.S. Securities and Exchange Commission.

Noble Muravlenko

Gusto Engineering Pelican Class

1982/1997

4,600’-DP

Brazil

Petrobras

3/18/2005

3/17/2007

81-82

Eligible for a maximum 10% performance bonus.

Brazil

Petrobras

3/18/2007

3/17/2009

119-121

Eligible for a maximum 15% performance bonus.

Brazil

Petrobras - Downtime Extension

3/18/2009

4/05/2009

119-121

Petrobras can extend contract for contractor responsible downtime (to date - 17 days). Anticipated contract/dayrate expiration assuming Petrobras extension for contractor responsible downtime. Eligible for a maximum 15% performance bonus. Note: The entity that owns this rig is fully consolidated; however, there is a minority interest holder for 18%.

(c)	The amount shown in the “Dayrate” column reflects the full daywork operating rate payable to the Company by the operator as provided in the applicable drilling contract unless specified otherwise. In various international markets, the Company contracts with certain parties for the provision of certain local services and advice. Compensation paid to such parties by the Company typically is based on a percentage of the drilling contract’s daywork operating rate, and the Company accounts for such payments in its financial statements in the contract drilling services operating costs and expenses line item.
(d)	Listed rigs are modified bareboat charter; cost structure varies by region.
**E = Estimated; * A = Actual
Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.

Page 3 of 6

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT — January 16, 2007

Estimated Unpaid Down Time Days

ESTIMATED

YEAR

ESTIMATED

CONTRACT

RIG

BUILT/

CONTRACT

EXPIRATION

DAYRATE

RIG

DESIGN

REBUILT

WATER DEPTH

LOCATION

OPERATOR

START DATE

DATE

($000)

COMMENTS

4Q-06

1Q - 2007

2Q-07

3Q-07

4Q-07

A*

A*

E**

E**

E**

E**

This fleet status report contains “forward-looking statements” within the meaning of the U.S. federal securities laws about our business, financial performance and prospects. Statements about our plans, intentions, expectations, beliefs, estimates, predictions or similar expressions for the future are forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Various factors could cause actual results to differ materially. We discuss these factors, including risks and uncertainties, from time to time in our filings with the U.S. Securities and Exchange Commission.

North Sea Semisubmersible (1)

COMMENTS

A*

A*

E**

E**

E**

E**

Noble Ton van Langeveld

Offshore Co. SCP III Mark 2

1979/2000

1,500’

United Kingdom

Maersk Shipyard Venture Venture

5/04/2006 5/01/2007 6/09/2007 6/09/2008

4/30/2007 6/08/2007 6/08/2008 6/08/2009

201-202 234-235 247-248 359-361

Anticipate +/- 30 days of downtime in 2Q 2007 for upgrades and regulatory inspection paid at 95% of $247k-248k/day. Anticipate an additional +/- eight days of downtime in 2Q 2007 at zero rate.

8

North Sea Jackups (8)

Noble Julie Robertson

Baker Marine Europe Class

1981/2001

390’-IC (e)

United Kingdom

Venture Venture

12/12/2006 12/13/2006

12/12/2006 9/13/2007

65-67 109-110

Venture

9/14/2007

9/14/2008

164-166

Noble Al White

CFEM T-2005-C

1982/2005

360’-IC

United Kingdom

RWE

9/13/2006

4/15/2007

124-126

United Kingdom

RWE — Options

4/16/2007

4/30/2008

124-126

Options:Exercised the first of four wells. Estimated time for each well is 90-100 days.

Noble Kolskaya

Gusto Engineering-C

1985/1997

330’-IC

United Kingdom

Wintershall Wintershall

1/01/2006 1/01/2007

12/31/2006 12/31/2007

103-104 169-171

Rig operates under a bareboat charter agreement to Noble under which Noble receives 30% of the rig’s operating profits as defined in the agreement.

Noble Byron Welliver

CFEM T-2005-C

1982

300’-IC

Denmark

Maersk Maersk Maersk — Options Maersk — Options

3/9/2006 9/04/2007 9/04/2008 9/04/2009

9/03/2007 9/03/2008 9/03/2009 9/03/2010

83-85 181-183 209-211 219-221

Noble Lynda Bossler

MSC/CJ-46

1982

250’-IC

Netherlands

Wintershall Wintershall

1/01/2006 1/01/2007

12/31/2006 12/31/2007

99-100 142-143

Noble Piet van Ede

MSC/CJ-46

1982

250’-IC

Netherlands

Gaz de France Gaz de France

1/01/2006 1/01/2007

12/31/2006 12/31/2007

97-98 183-185

Noble Ronald Hoope

MSC/CJ-46

1982

250’-IC

United Kingdom

Gaz de France Gaz de France

1/01/2006 1/01/2007

12/31/2006 12/31/2007

102-103 183-185

Noble George Sauvageau

NAM Nedllyod-C

1981

250’-IC

Netherlands Denmark Denmark Netherlands

Shell/NAM Altinex Dong Chevron

3/21/2006 4/10/2007 5/11/2007 11/08/2007

4/09/2007 5/10/2007 11/07/2007 5/06/2008

105-107 237-239 237-239 234-236

Received letter of intent for one well estimated for +/- 30 days. Received letter of intent for two wells estimated for +/- 90 days. Received letter of intent for estimated for +/-180 days.

West Africa Semisubmersible (1)

Noble Homer Ferrington

F&G 9500 Enhanced Pacesetter

1985/2004

6,000’

Nigeria

ExxonMobil Anadarko

11/29/2004 1/01/2008

12/31/2007 12/31/2008

128-130 433-435

ExxonMobil hasexercised all of itsoptions for eight additional wells, which will extend the contract through +/- 12/31/2007. One year contract with Anadarko following release from ExxonMobil.

West Africa Jackups (7)

Noble Percy Johns

F&G L-780 MOD II

1981/1995

300’-IC

Nigeria

ExxonMobil ExxonMobil

3/26/2006 3/28/2007

3/27/2007 3/27/2009

117-118 170-171

Extension of ExxonMobil contract. Anticipate +/- four days of downtime in 4Q 2007 for regulatory inspection.

4

Noble Roy Butler

F&G L-780 MOD II

1982/1998

300’-IC (f)

Nigeria

Chevron

5/15/2006

6/28/2008

129-131

Anticipate +/- 45 days of downtime in 3Q 2007 for regulatory inspection and upgrades.

45

Noble Tommy Craighead

F&G L-780 MOD II

1982/2003

300’-IC

Nigeria

Addax To be announced

1/16/2006 1/18/2007

1/17/2007 1/17/2009

107-109 170-171

Letter of Intent in place. New rate effective 1/18/2007. Anticipate +/- four days of downtime in 4Q 2007 for equipment upgrades.

4

Noble Carl Norberg

MLT Class 82-C

1976/2003

250’-IC

Equatorial Guinea

Hess

8/01/2006

3/31/2008

73-75

Noble Ed Noble

MLT Class 82-SD-C

1984/2003

250’-IC

Nigeria

ExxonMobil

9/03/2006

9/02/2008

160-161

Noble Lloyd Noble

MLT Class 82-SD-C

1983/1990

250’-IC

Nigeria

Chevron

5/21/2006

7/13/2008

127-129

Experienced14days of downtime in 4Q 2006 at standby rate of $47k-48k/day. Experienced 54days of downtime in 4Q 2006 at zero rate for upgrades.

54

Noble Don Walker

Baker Marine BMC 150-SD

1982/1992

150’-IC

Nigeria

Shell Shell

4/24/2006 4/24/2007

4/23/2007 4/23/2008

82-84 164-166

One year contract extension with Shell.

(e)	Leg extensions fabricated to enable the rig to operate in up to 390’ of water in a non-harsh environment.
(f)	Rig is currently equipped to operate in 250’ of water. Leg extensions fabricated to enable the rig to operate in up to 300’ of water.
**E = Estimated; * A = Actual
Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.

Page 4 of 6

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT — January 16, 2007

Estimated Unpaid Down Time Days

ESTIMATED

YEAR

ESTIMATED

CONTRACT

BUILT/

CONTRACT

EXPIRATION

DAYRATE

RIG

RIG DESIGN

REBUILT

WATER DEPTH

LOCATION

OPERATOR

START DATE

DATE

($000)

COMMENTS

4Q-06

1Q-2007

2Q-07

3Q-07

4Q-07

A*

A*

E**

E**

E**

E**

This fleet status report contains “forward-looking statements” within the meaning of the U.S. federal securities laws about our business, financial performance and prospects. Statements about our plans, intentions, expectations, beliefs, estimates, predictions or similar expressions for the future are forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Various factors could cause actual results to differ materially. We discuss these factors, including risks and uncertainties, from time to time in our filings with the U.S. Securities and Exchange Commission.

Arabian Gulf Jackups (14)

COMMENTS

A*

A*

E**

E**

E**

E**

Noble George McLeod

F&G L-780 MOD II

1981/1995

300'-IC

UAE (Abu Dhabi)

NDC

6/02/2006

1/07/2007

51-52

UAE (Sharjah)

Shipyard

1/08/2007

2/05/2007

—

Anticipate +/- 28 days of downtime for regulatory inspection in 1Q 2007.

28

UAE (Abu Dhabi)

NDC

2/06/2007

6/02/2007

51-52

Noble Jimmy Puckett

F&G L-780 MOD II

1982/2002

300'-IC

Qatar

RasGas

6/01/2005

5/14/2007

55-57

Qatar

RasGas — Standby

5/15/2007

7/01/2007

45-60

Standby waiting on platform, will perform RasGas paid upgrades and regulatory inspections during standby period. (Noble has right to market rig during this period).

RasGas — Options

7/02/2007

TBD

59-73

Exercised eight option wells @ $59-61k/day. Remaining options: One well @ $59-61k/day; nine wells @ $65-67k/day, nine wells @ $71-73k/day. Estimated time to complete each well is +/- 45 days.

Noble Kenneth Delaney

F&G L-780 MOD II

1983/1998

300'-IC

UAE (Abu Dhabi)

NDC

5/29/2006

5/28/2007

51-52

UAE (Sharjah)

Shipyard

5/29/2007

7/14/2007

—

Anticipate +/- 40 days downtime in 2Q 2007 for regulatory inspections and upgrades, then to QatarGas 3 & 4 for remainder of 700-day contract. (seeNoble Dick Favorcomments)

40

Qatar

QatarGas 3 & 4

7/15/2007

8/31/2008

98-100

Noble Gus Androes

Levingston Class 111-C

1982/2004

300'-IC

UAE (Abu Dhabi)

Total ABK

9/09/2006

3/09/2007

70-72

Anticipate +/-28 days of downtime in 1Q 2007 for regulatory inspection.

28

Total ABK- Extension

3/10/2007

9/30/2007

74-76

Total ABK- Extension

10/01/2007

TBD

TBD

Extensions: Renewable every six months, dayrate increases/decreases capped at 5%.

Noble Harvey Duhaney

Levingston Class 111-C

1976/2001

300'-IC

UAE (Sharjah)

Shipyard

11/14/2006

1/05/2007

—

Completedupgrades and regulatory inspection;back on dayrate 1/6/07. Experienced 47 days of downtime during 4Q 2006 and 5 days of downtime during 1Q 2007.

47

5

Qatar

Total

1/06/2007

3/25/2008

84-86

Qatar

Total — Option

3/26/2008

3/25/2009

98-100

Option: One year

Noble Mark Burns

Levingston Class 111-C

1980/2005

300'-IC

Qatar

RasGas

8/23/2005

1/29/2007

60-61

RasGas

1/30/2007

10/31/2007

71-81

Exercised three option wells (two wells @ $71-73k/day, one well @ $79-81k/day).

RasGas — Options

11/01/2007

3/31/2008

79-89

Remaining Options: One well @ $79-81k/day, two wells @ $87-89k/day. Estimated time to complete each well is 60-90 days.

Noble Roy Rhodes (g)

MLT 116-C

1979

300'-IC (g)

UAE (Dubai)

DPC

1/15/2006

2/25/2007

67-69

21

DPC

2/26/2007

2/25/2008

*

Contract extension. Rate withheld at request of operator. Anticipate +/-21 days of downtime in 4Q 2007 for regulatory inspections.

DPC

2/26/2008

2/25/2009

*

Contract extension. Rate withheld at request of operator.

Noble Cees van Diemen

Modec 300C-38

1981/2004

300'-IC

Qatar

RasGas

9/23/2004

10/01/2007

59-61

Initial contract for eight wells plus five option wells (Four wells exercised to-date)

RasGas — Options

10/02/2007

12/31/2007

59-61

Options: One option remaining. Estimated time to complete each well is 60-120 days.

Noble David Tinsley

Modec 300C-38

1981/2004

300'-IC

Qatar

Shipyard

10/11/2006

10/31/2006

43-45

Experienced 20 days of downtime in 4Q 2006 for regulatory inspections; received standby rate of $44k/day.

Talisman

11/01/2006

12/12/2006

164-166

RasGas (Standby)

12/13/2006

1/31/2007

43-45

Contract suspension +/-50 days (Noble has right to market rig during this period).

RasGas

2/01/2007

10/31/2007

54-56

RasGas — Option

11/01/2007

5/19/2008

61-63

Contract extension for 200 days.

Noble Gene House

Modec 300C-38

1981/1998

300'-IC

Qatar

Dolphin Energy

1/05/2005

1/25/2007

59-60

Shell

1/26/2007

9/30/2007

102-104

One well estimated +/- 150 days bridging untilNoble Roger Lewis delivery.

Shell

10/01/2007

6/27/2008

160-162

270 day contract to commence upon delivery ofNoble Roger Lewis.

Noble Charles Copeland

MLT Class 82-SD-C

1979/2001

280'-IC

Qatar

RasGas

10/07/2005

4/30/2007

76-78

RasGas

5/01/2007

1/31/2008

82-89

Exercised four option wells (two wells @ $82-84k/day, two wells @ $87-89k/day). Estimated time to complete each well is 45-60 days.

Noble Chuck Syring

MLT Class 82-C

1976/1996

250'-IC

Qatar

Shipyard

10/02/2006

11/11/2006

—

Experienced 41 days of downtime in 4Q 2006 between contracts for upgrades and regulatory inspection.

41

Maersk

11/12/2006

11/11/2007

119-121

Noble Dhabi II

Baker Marine BMC 150

1982

150'-IC

UAE (Abu Dhabi)

ADOC

7/15/2006

7/14/2008

59-60

Noble Dick Favor

Baker Marine BMC 150

1982/2004

150'-IC

Qatar

QatarGas 3 & 4

10/08/2006

7/14/2007

91-93

700-day contract with QatarGas 3 & 4 commenced 8/10/2006. TheNoble Dick Favorwill be utilized only for the first 270-300 days of this contract. The remaining balance of days for this contract will be with theNoble Kenneth Delaney. Anticipate +/- 35 days of downtime in 3Q 2007 for upgrades and regulatory inspection.

35

(g) Rig is currently equipped to operate in 250' of water.

**E = Estimated; * A = Actual

Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.

Page 5 of 6

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT – January 16, 2007

Estimated Unpaid Down Time Days

ESTIMATED

YEAR

ESTIMATED

CONTRACT

BUILT/

CONTRACT

EXPIRATION

DAYRATE

RIG

RIG DESIGN

REBUILT

WATER DEPTH

LOCATION

OPERATOR

START DATE

DATE

($000)

COMMENTS

4Q-06

1Q-2007

2Q-07

3Q-07

4Q-07

A*

A*

E**

E**

E**

E**

This fleet status report contains “forward-looking statements” within the meaning of the U.S. federal securities laws about our business, financial performance and prospects. Statements about our plans, intentions, expectations, beliefs, estimates, predictions or similar expressions for the future are forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Various factors could cause actual results to differ materially. We discuss these factors, including risks and uncertainties, from time to time in our filings with the U.S. Securities and Exchange Commission.

India Jackups (2) (d)

COMMENTS

A*

A*

E**

E**

E**

E**

Noble Ed Holt

Levingston Class 111-C

1981/2003

300'-IC

UAE (Sharjah)

Shipyard

10/09/2006

1/11/2007

—

Entered shipyard on 10/09/2006; experienced 94 days of downtime in 4Q 2006/1Q 2007 for upgrades and regulatory inspection.

83

11

India

Jindal/ONGC

1/12/2007

6/30/2009

82-83

Rig bareboat chartered to Jindal which contracted with ONGC.

Noble Charlie Yester

MLT 116-C

1979

300'-IC

India

Jindal/ONGC

12/29/2003

1/14/2007

51-52

Jindal/ONGC

1/15/2007

1/14/2010

130-131

Awarded contract for three-year extension with Jindal/ONGC @ $130k-131k/day in direct continuation of current contract. Rig bareboat chartered to Jindal which contracts with ONGC.

Far East Semisubmersibles (3)

Noble Dave Beard

F&G 9500 Enhanced Pacesetter

1986/2008

10,000'-DP

Dalian, China — DSIC

Shipyard

6/30/2008

—

Five-year contract with Petrobras. Eligible for a maximum 15% bonus. Contract terms require commencement of towing operations to Brazil 30 months after contract finalization (1/2/2006). Mobilization cost paid for by Petrobras (limited to 75 days).

In-transit

Petrobras

7/01/2008

9/14/2008

208-210

Brazil

Petrobras

9/15/2008

9/14/2013

219-220

Noble Danny Adkins — Newbuild

Bingo 9000

1999/2009

12,000'-DP

Singapore — Jurong

Shipyard

2/28/2009

—

Four-year contract with Shell following upgrade of baredeck hull to 12,000’ water depth capability.

U.S. Gulf

Shell

3/01/2009

2/28/2013

429-431

Rate reflects an increase due to equipment upgrades.

Noble Bingo 9000 Rig 4-Newbuild

Bingo 9000

1999

12,000'-DP (h)

Singapore — Jurong

Shipyard

—

Baredeck hull.

Far East Jackups (3)

Noble Roger Lewis — Newbuild

F&G JU2000-E

2007

400'-IC

Dalian, China — DSIC

Shipyard

7/31/2007

—

In-transit

Shell

8/01/2007

8/31/2007

40-42

Qatar

Shell

9/01/2007

8/31/2009

104-106

Two-year contract with Shell.

Noble Hans Deul — Newbuild

F&G JU2000-E

2008

400'-IC

Dalian, China — DSIC

Shipyard

2/28/2008

—

In-transit

Shell

3/01/2008

4/30/2008

34-36

Two-year contract with Shell.

TBD

Shell

5/01/2008

4/30/2010

104-106

Noble Scott Marks — Newbuild

F&G JU2000-E

2009

400'-IC

Dalian, China — DSIC

Shipyard

3/31/2009

—

In-transit

Venture

4/01/2009

5/31/2009

TBD

Two-year contract with Venture.

United Kingdom

Venture

6/01/2011

5/31/2011

209-211

475

26

131

133

331

46

2007 Total

667

(d)  Listed rigs are modified bareboat charter; cost structure varies by region. (h)  Baredeck hull constructed as capable to operate in 12,000' of water. **E = Estimated; * A = Actual Changes from last Fleet Status Report denoted by Red, Bold, Underlined type.

Page 6 of 6