Noble 8-K Regulation FD Disclosure

Exhibit 99.1

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - November 24, 2008

.

Estimated unpaid down time days

RIG

RIG DESIGN

YEAR BUILT / REBUILT

WATER DEPTH

LOCATION

OPERATOR

ESTIMATED CONTRACT START DATE

ESTIMATED CONTRACT EXPIRATION DATE

DAYRATE ($000)

COMMENTS

4Q-08

4Q-08

A*

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 (8)

Semisubmersibles (5)

A*

E**

Noble Clyde Boudreaux (a, b)

F&G 9500 Enhanced Pacesetter

1987/2007

10,000'

US GOM

Shell

6/09/2007

6/28/2009

226-228

5

Noble Amos Runner (a)

Noble EVA 4000™

1982/1999

8,000'

US GOM

Anadarko/Noble Energy

4/25/2008

3/08/2011

434-436

4

Noble Jim Thompson (a)

Noble EVA 4000™

1984/1999

6,000'

US GOM

Shell

3/01/2007

2/28/2009

424-426

5

US GOM

Shell

3/01/2009

2/28/2011

504-506

Noble Paul Romano (a)

Noble EVA 4000™

1981/1998

6,000'

US GOM

Anadarko/BHP

11/05/2007

12/31/2008

434-436

US GOM

Marathon

1/01/2009

12/31/2009

481-483

US GOM

Noble Energy

1/01/2010

12/31/2011

604-606

Noble Lorris Bouzigard (b)

Pentagone 85

1975/2003

4,000'

US GOM

LLOG

6/23/2008

6/24/2010

269-271

2

US GOM

LLOG

6/25/2010

6/24/2011

334-336

Submersibles (3)

Noble Joe Alford

Pace Marine 85G

1982/2006

70’-C

US GOM

Mariner

8/23/2008

11/22/2008

57-59

US GOM

Mariner

11/23/2008

5/22/2009

67-69

Noble Lester Pettus

Pace Marine 85G

1982/2007

70’-C

US GOM

LLOG

9/27/2008

3/26/2009

57-59

Noble Fri Rodli

Transworld

1979/1998

70’-C

US GOM

Cold Stacked

10/21/2007

12/31/2008

-

Cold Stacked

51

41

International (54) (c)

Mexico Semisubmersible (1)

Noble Max Smith

Noble EVA 4000™

1980/1999

7,000'

Bay of Campeche

Pemex

8/01/2008

7/31/2011

483-485

Mexico Jackups (10) (d)

Noble Bill Jennings

MLT Class 84-E.R.C.

1975/1997

390’-IC

Bay of Campeche

Pemex

6/18/2008

6/17/2010

149-151

This contract is fixed at a dayrate of $149k-$151k until 12/14/2008 after which time the contract reprices every three months based on an index of jackup rates in seven international regions.  Experienced 22days of downtime in 4Q 2008 for rig modifications and regulatory inspection.

22

Noble Eddie Paul

MLT Class 84-E.R.C.

1976/1995

390’-IC

Bay of Campeche

Pemex

6/05/2007

12/03/2009

177-179

Anticipate +/- 7 days of downtime in 1Q 2009 for rig modifications and regulatory inspection.

Noble Leonard Jones

MLT Class 53-E.R.C.

1972/1998

390’-IC

Bay of Campeche

Pemex

6/24/2007

12/22/2009

185-187

Anticipate +/- 7 days of downtime in 1Q 2009 for rig modifications and regulatory inspection.

Noble Johnnie Hoffman

Baker Marine BMC 300

1976/1993

300’-IC

Bay of Campeche

Pemex

10/31/2007

4/14/2010

170-172

1

Noble Gene Rosser

Levingston Class 111-C

1977/1996

300’-IC

Bay of Campeche

Pemex

12/21/2007

6/20/2010

170-172

Anticipate +/- 10 days of downtime in 1Q 2009 for rig modifications and regulatory inspection.

Noble John Sandifer

Levingston Class 111-C

1975/1995

300’-IC

Bay of Campeche

Pemex

9/24/2007

3/20/2010

170-172

Noble Lewis Dugger

Levingston Class 111-C

1977/1997

300’-IC

Bay of Campeche

Pemex

6/18/2008

1/31/2010

144-146

This contract is fixed at a dayrate of $144k-$146k until 12/14/2008 after which time the contract reprices every three months based on an index of jackup rates in seven international regions.  Anticipate +/- 21 days of downtime in 2Q 2009 for rig modifications and regulatory inspection.

Noble Sam Noble

Levingston Class 111-C

1982

300’-IC

Bay of Campeche

Pemex

9/22/2007

3/21/2010

170-172

Anticipate +/- 10 days of downtime in 1Q 2009 for rig modification and regulatory inspection.

Noble Earl Frederickson

MLT Class 82-SD-C

1979/1999

250’-IC

Bay of Campeche

Pemex

7/13/2008

8/25/2010

104-106

This contract is fixed at a dayrate of $104k-$106k until 1/09/2009 after which time the contract reprices every three months based on an index of jackup rates in seven international regions.  Anticipate +/- 21 days of downtime in 1Q 2009 for rig modificaitons and regulatory inspection.

Noble Tom Jobe

MLT Class 82-SD-C

1982

250’-IC

Bay of Campeche

Pemex

8/07/2008

12/06/2011

154-156

This contract is fixed at a dayrate of $154k-$156k until 2/02/2009 after which time the contract reprices every three months based on an index of jackup rates in seven international regions.  Anticipate +/- 10 days of downtime in 2Q 2009  for rig modification and regulatory inspection.

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

Page 1 of 4

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - November 24, 2008

.

Estimated unpaid down time days

RIG

RIG DESIGN

YEAR BUILT / REBUILT

WATER DEPTH

LOCATION

OPERATOR

ESTIMATED CONTRACT START DATE

ESTIMATED CONTRACT EXPIRATION DATE

DAYRATE ($000)

COMMENTS

4Q-08

4Q-08

A*

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.

Brazil Semisubmersibles (2)

A*

E**

Noble Paul Wolff

Noble EVA 4000™

1981/1999/2006

9,200'-DP

Brazil

Petrobras

1/01/2006

11/03/2009

163-165

Eligible for a maximum 20% performance bonus.

1

Brazil

Petrobras

11/04/2009

11/03/2014

427-429

Received Memorandum of Understanding.  Eligible for a maximum 15% performance bonus.  Petrobras has an option to convert this to a 6-year term at $416k/day plus a maximum 18% performance bonus; option must be exercised by 11/01/2009.

Noble Therald Martin (b)

Pentagone 85

1977/2004

4,000'

Brazil

Petrobras

4/11/2007

10/17/2010

113-115

Eligible for a maximum 15% performance bonus.

3

Brazil

Petrobras

10/18/2010

10/17/2015

269-271

Received Memorandum of Understanding.  Eligible for a maximum 10% performance bonus.

Brazil Drillships (3)

Noble Roger Eason (b)

NAM Nedlloyd-C

1977/2005

7,200'-DP

Brazil

Downtime/Shipyard

11/29/2007

3/14/2009

-

Commisioning systems to prepare for return to work following the repairs related to the fire reported on November 29, 2007.  Anticipate +/- 73 days of downtime in the 1Q 2009 for repair.

51

41

Brazil

Petrobras

3/15/2009

3/14/2010

136-138

Eligible for a maximum 15% performance bonus.

Brazil

Petrobras

3/15/2010

8/12/2010

89-91

Anticipate to enter the shipyard for +/- 150 days for rig modifications and regulatory inspection.

Brazil

Petrobras

8/13/2010

8/12/2016

346-348

Received Memorandum of Understanding.  Eligible for a maximum of 15% performance bonus.

Noble Leo Segerius (b)

Gusto Engineering Pelican Class

1981/2002

5,600’-DP

Brazil

Chevron

8/14/2008

6/24/2009

524-526

Brazil

Shell

6/25/2009

9/05/2009

524-526

Received letter of intent.

Brazil

Petrobras

9/06/2009

5/03/2011

299-301

Received Memorandum of Understanding.  Eligible for a maximum of 15% performance bonus.

Brazil

Petrobras

5/04/2011

10/01/2011

89-91

Anticipate to enter the shipyard for +/- 150 days for rig modifications and regulatory inspection.

Brazil

Petrobras

10/02/2011

1/23/2016

299-301

Received Memorandum of Understanding.  Eligible for a maximum of 15% performance bonus.

Noble Muravlenko

Gusto Engineering Pelican Class

1982/1997

4,900’-DP

Brazil

Petrobras

3/18/2007

3/15/2009

119-121

Eligible for a maximum 15% performance bonus.

Brazil

Petrobras

3/16/2009

9/13/2010

289-291

Received Memorandum of Understanding.  Eligible for a maximum of 15% performance bonus.

Brazil

Petrobras

9/14/2010

2/11/2011

89-91

Anticipate to enter the shipyard for +/- 150 days for rig modifications and regulatory inspection.

Brazil

Petrobras

2/12/2011

8/14/2015

289-291

Received Memorandum of Understanding.  Eligible for a maximum of 15% performance bonus.

North Sea Semisubmersible (1)

Noble Ton van Langeveld

Offshore Co. SCP III Mark 2

1979/2000

1,500'

United Kingdom

Venture

6/30/2008

6/29/2009

359-361

United Kingdom

Venture

6/30/2009

6/30/2010

379-381

Plus a six month priced option at a dayrate of $380k to be declared before 3/31/2009.

North Sea Jackups (7)

Noble Julie Robertson

Baker Marine Europe Class

1981/2001

390'-IC (e)

United Kingdom

Venture

9/15/2008

9/14/2009

197-199

United Kingdom

Venture

9/15/2009

9/14/2010

211-213

Noble Al White

CFEM T-2005-C

1982/2005

360’-IC

Netherlands

Total

10/08/2008

10/07/2009

207-209

Noble Byron Welliver

CFEM T-2005-C

1982

300’-IC

Denmark

Maersk

9/04/2008

9/03/2009

209-211

Anticipate +/- 5 days of downtime in 4Q 2008 for rig modifications and regulatory inspection.

Maersk - Option

9/04/2009

9/03/2010

219-221

Priced option.

5

Noble Lynda Bossler

MSC/CJ-46

1982

250’-IC

Netherlands

Cirrus Energy

9/02/2008

5/01/2009

219-221

Netherlands

Wintershall

5/02/2009

8/01/2009

219-221

Netherlands

Cirrus Energy

8/02/2009

10/01/2009

219-221

Netherlands

Cirrus Energy - Option

10/02/2009

1/01/2010

214-216

Priced option.

Noble Piet van Ede

MSC/CJ-46

1982

250’-IC

United Kingdom

Gaz de France

1/01/2008

12/31/2008

204-206

Netherlands

Gaz de France

1/01/2009

12/31/2009

211-213

Noble Ronald Hoope

MSC/CJ-46

1982

250’-IC

Germany

Gaz de France

7/01/2008

12/31/2008

206-208

Netherlands

Gaz de France

1/01/2009

12/31/2009

211-213

Noble George Sauvageau

NAM Nedlloyd-C

1981

250’-IC

Netherlands

Wintershall

1/29/2008

12/31/2008

224-226

Netherlands

Wintershall

1/01/2009

12/31/2009

219-221

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

Page 2 of 4

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - November 24, 2008

.

Estimated unpaid down time days

RIG

RIG DESIGN

YEAR BUILT / REBUILT

WATER DEPTH

LOCATION

OPERATOR

ESTIMATED CONTRACT START DATE

ESTIMATED CONTRACT EXPIRATION DATE

DAYRATE ($000)

COMMENTS

4Q-08

4Q-08

A*

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.

West Africa Semisubmersible (1)

A*

E**

Noble Homer Ferrington

F&G 9500 Enhanced Pacesetter

1985/2004

6,000'

Cote d'lvoire

CNR International

4/14/2008

4/13/2009

433-435

Africa

ExxonMobil

4/14/2009

4/13/2012

504-506

West Africa Jackups (7)

Noble Percy Johns

F&G L-780 MOD II

1981/1995

300’-IC

Nigeria

ExxonMobil

3/28/2007

3/27/2009

170-171

Nigeria

ExxonMobil

3/28/2009

3/27/2010

182-184

Noble Roy Butler

F&G L-780 MOD II

1982/1998

300’-IC (f)

Cameroon

Shipyard

8/26/2008

11/15/2008

-

Available.

51

41

In-transit & contract preparation

Pemex

11/16/2008

2/14/2009

-

Departure to Mexico.  Anticipate lump sum fee will offset mobilization costs.  Notice of contract award received; awaiting contract signing on or about November 25, 2008.

Bay of Campeche

Pemex

2/15/2009

4/23/2010

167-169

This 433 day contract is fixed at a dayrate of $167k-$169k for the first six months, after which time the contract reprices every three months based on an index of jackup rates in seven international regions.

��

Noble Tommy Craighead

F&G L-780 MOD II

1982/2003

300’-IC

Nigeria

Addax

1/18/2007

1/17/2009

170-171

Anticipate +/- 1 day of downtime in 4Q 2008 for rig modifications and regulatory inspection.

1

Noble Carl Norberg

MLT Class 82-C

1976/2003

250'-IC

Cameroon

Shipyard

8/19/2008

11/15/2008

-

Available.

51

41

In-transit & contract preparation

Pemex

11/16/2008

2/09/2009

-

Departure to Mexico.  Lump sum fee will offset mobilization costs.

Bay of Campeche

Pemex

2/10/2009

2/10/2011

154-156

This 731 day contract is fixed at a dayrate of $154k-$156k for the first six months after which time the contract reprices every three months based on an index of jackup rates in seven international regions.

Noble Ed Noble

MLT Class 82-SD-C

1984/2003

250’-IC

Nigeria

ExxonMobil

9/03/2008

7/02/2009

172-174

Noble Lloyd Noble

MLT Class 82-SD-C

1983/1990

250’-IC

Nigeria

Chevron

8/18/2008

1/17/2009

159-161

Noble Don Walker

Baker Marine BMC 150-SD

1982/1992

150’-IC

Cameroon

Shipyard

4/30/2008

12/14/2008

-

Available.

51

24

12/15/2008

2/25/2009

147-149

Two +/- 30 day wells. Two one-well options at $147k-$149k.  Estimated time to complete each well is +/- 30 days.

Arabian Gulf Jackups (15)

Noble Roger Lewis

F&G JU-2000E

2007

400'-IC

Qatar

Shell

2/03/2008

2/02/2010

104-106

Noble George McLeod

F&G L-780 MOD II

1981/1995

300’-IC

UAE (Sharjah)

Shipyard

9/15/2008

12/02/2008

-

Contract preparation.

51

12

In-transit

Jindal/ONGC

12/03/2008

12/15/2008

-

Estimated departure to India.  Anticipate lump sum fee will offset mobilization costs.

India

Jindal/ONGC

12/16/2008

12/16/2011

132-134

Rig bareboat chartered to Jindal which is contracted with ONGC.

Noble Jimmy Puckett

F&G L-780 MOD II

1982/2002

300'-IC

Qatar

RasGas - Options

11/29/2007

5/31/2009

59-61

Exercised seven option wells.  Remaining options after 5/31/2009, but not yet exercised:  One well @ $59k-$61k, nine wells @ $65k-$67k/day and nine wells @ $71k-$73k/day.  Estimated time to complete each well is +/- 65 days.

Noble Kenneth Delaney

F&G L-780 MOD II

1983/1998

300'-IC

Qatar

QatarGas 3 & 4

8/01/2008

6/07/2009

194-196

Qatar

QatarGas 3 & 4

6/08/2009

3/31/2010

162-163

Noble Gus Androes

Levingston Class 111-C

1982/2004

300'-IC

UAE (Abu Dhabi)

Total ABK - Extension

10/01/2008

3/31/2009

98-100

Extensions:  Renewable every six months, dayrate increases/decreases capped at 10%.  Extension agreement ends 12/31/2010.

Noble Harvey Duhaney

Levingston Class 111-C

1976/2001

300'-IC

Qatar

Total

3/25/2008

3/24/2009

98-100

Anticipate +/- 7 days of downtime in 4Q 2008 for regulatory inspection.

7

Noble Mark Burns

Levingston Class 111-C

1980/2005

300'-IC

UAE (Dubai)

Dubai Petroleum

10/12/2007

10/11/2009

#

Rate withheld at request of operator.

Noble Roy Rhodes

MLT Class 116-C

1979

300’-IC (g)

UAE (Dubai)

Dubai Petroleum

3/06/2008

3/06/2009

#

Rate withheld at request of operator.

Noble Cees van Diemen

Modec 300C-38

1981/2004

300'-IC

Qatar

RasGas

9/23/2004

12/01/2008

59-61

UAE (Sharjah)

Shipyard

12/02/2008

1/31/2009

-

Anticipate +/- 60 days of downtime in 4Q 2008/1Q 2009 for rig modifications and regulatory inspection.

30

Qatar

TBA

2/01/2009

4/02/2009

169-171

Received letter of intent.   One-well priced option at $169k-$171k.  Estimated time to complete option well +/- 30 days.

Noble David Tinsley

Modec 300C-38

1981/2004

300'-IC

Qatar

RasGas

11/01/2007

11/30/2008

61-63

Qatar

RasGas

12/01/2008

3/31/2009

159 -161

Noble Gene House

Modec 300C-38

1981/1998

300'-IC

Qatar

Shell

2/03/2008

10/30/2008

160-162

Qatar

Talisman

10/31/2008

12/01/2008

149-151

Qatar

Idle

12/02/2008

12/31/2008

-

Contract preparation.

30

Qatar

QatarGas 3 & 4

1/01/2009

10/31/2009

162-163

Anticipate +/- 10 month contract.

Noble Charles Copeland

MLT Class 82-SD-C

1979/2001

280’-IC

Qatar

RasGas

3/01/2008

12/15/2008

87-89

UAE (Sharjah)

Shipyard

12/16/2008

1/31/2009

-

Anticipate +/- 47 days of downtime in 4Q 2008/1Q 2009 for rig modifications and regulatory inspection.

16

Noble Chuck Syring

MLT Class 82-C

1976/1996

250’-IC

Qatar

Maersk

11/12/2007

11/11/2009

159-161

Dhabi II

Baker Marine BMC 150

1982/2006

150'-IC

UAE (Abu Dhabi)

ADOC

7/15/2008

7/14/2011

91-93

Noble Dick Favor

Baker Marine BMC 150

1982/2004

150’-IC

Qatar

QatarGas 3 & 4

1/01/2008

10/20/2008

162-163

UAE (Sharjah)

Shipyard

10/21/2008

12/31/2008

-

Anticipate +/- 72 days of downtime in 4Q 2008 for rig modifications and regulatory inspection.

31

41

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

Page 3 of 4

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - November 24, 2008

.

Estimated unpaid down time days

RIG

RIG DESIGN

YEAR BUILT / REBUILT

WATER DEPTH

LOCATION

OPERATOR

ESTIMATED CONTRACT START DATE

ESTIMATED CONTRACT EXPIRATION DATE

DAYRATE ($000)

COMMENTS

4Q-08

4Q-08

A*

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)

A*

E**

Noble Ed Holt

Levingston Class 111-C

1981/2003

300’-IC

India

Jindal/ONGC

1/15/2007

9/30/2009

82-83

Rig bareboat chartered to Jindal which is contracted with ONGC.

Noble Charlie Yester

MLT 116-C

1980

300’-IC

India

Jindal/ONGC

1/30/2007

1/29/2010

130-131

Rig bareboat chartered to Jindal which is contracted with ONGC.  Anticipate +/- 14 days of downtime in 1Q 2009 for rig modifications and regulatory inspection.

Far East Semisubmersibles (3)

Noble Dave Beard - Newbuild

F&G 9500 Enhanced Pacesetter

1986/2008

10,000'-DP

Dalian, China - DSIC

Shipyard

1/14/2009

-

In-transit

Petrobras

1/15/2009

3/15/2009

208-210

Customs/testing

Shipyard

3/16/2009

7/15/2009

-

Install thrusters, commission dynamic positioning and drilling systems.

Brazil

Petrobras

7/16/2009

7/15 /2014

219-221

Eligible for a maximum 15% bonus.

Noble Danny Adkins - Newbuild

Bingo 9000

1999/2009

12,000'-DP

Singapore - Jurong

Shipyard

3/31/2009

-

In-transit & acceptance testing

Shell

4/01/2009

7/31/2009

424-426

US GOM

Shell

8/01/2009

3/31/2009

446-448

Noble Jim Day - Newbuild

Bingo 9000

1999/2009

12,000'-DP

Singapore - Jurong

Shipyard

12/15/2009

-

In-transit & acceptance testing

Marathon

12/16/2009

3/31/2010

-

Lump sum fee will offset mobilization costs.

US GOM

Marathon

4/01/2010

3/31/2014

514-516

Far East Drillship (1)

Globetrotter - Newbuild

Globetrotter Class

2011

10,000'-DP

Dalian, China - STX / Netherlands - Huisman

Shipyard

9/30/2011

-

NE has secured priced options for three additional drillships exercisable by NE 90, 120 and 180 days from date of contract execution (9/22/2008).

In-transit & acceptance testing

TBA

10/01/2011

12/31/2011

TBA

TBA

1/01/2012

TBA

TBA

Available.

Far East Jackups (2)

Noble Hans Deul - Newbuild

F&G JU-2000E

2008

400'-IC

Dalian, China - DSIC

Shipyard

11/07/2008

-

In-transit

Shell

11/08/2008

12/31/2008

34-36

North Sea

Shell

1/01/2009

12/31/2010

127-129

Noble Scott Marks - Newbuild

F&G JU-2000E

2009

400'-IC

Dalian, China - DSIC

Shipyard

6/30/2009

-

In-transit

Venture

7/01/2009

8/31/2009

44-46

North Sea

Venture

9/01/2009

8/31/2011

209-211

375

335

2008 Total (includes: shipyard, stacked, and downtime days)

2296

1Q 08 Downtime (includes: shipyard, stacked, and downtime days): 375 days

2Q 08 Downtime (includes: shipyard, stacked, and downtime days): 540 days

3Q 08 Downtime (includes: shipyard, stacked, and downtime days): 671 days

(a) Unit has been upgraded to the NC-5SM mooring standard.

(b) Rig utilizes the Aluminum Alloy Riser technology.  Rig utilizes the Aluminum Alloy Riser technology.

(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) 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.

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

A*= Actual downtime incurred during the quarter indicated as of the report date;  E** = Estimated additional downtime days expected to occur as of the report date.

# =  Rate withheld at request of operator.

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

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