| | NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - November 17, 2010 | Approximate actual and estimated unpaid down time days * |
| | RIG | RIG DESIGN | YEAR BUILT / REBUILT | WATER DEPTH | LOCATION | | OPERATOR | ESTIMATED CONTRACT START DATE | | ESTIMATED CONTRACT EXPIRATION DATE | | FULL CONTRACT DAYRATE ($000) | COMMENTS | 4Q-10 | 4Q-10 |
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| This fleet status report contains information on contracts and letters of intent or awards with our customers. Letters of intent or awards are noted in the comments section and may not result in an actual drilling contract. The information contained in this fleet status report is as of the date of the report only and is subject to change without notice to the recipient, and we assume no duty to update any portion of the information contained herein. This fleet status report contains statements that are not historical facts, which are “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements about estimated duration of client contracts, contract dayrate amounts, future contract co mmencement dates, shipyard projects, our business, financial performance and prospects. 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. |
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| Full Contract Dayrate reflects the full daywork operating rate payable to the Company by the operator as provided in the applicable drilling contract unless otherwise specified. The average dayrate over the term of the contract will be lower and could be substantially lower. The actual average dayrate will depend upon a number of factors (rig downtime, suspension of operations, etc.) including some beyond our control. Our client contracts and operations are generally subject to a number of risks and uncertainties. We discuss these factors, including risks, uncertainties and assumptions concerning actions by our clients, governments and other third parties, drilling activity levels, market conditions, operational difficulties, weather related events and other matters, from time to time in our filings with the U.S. Securities and Exchange Commission (“SEC”), which we urge you to review and which are available free of charge on the SEC’s Web site at www.sec.gov. | | |
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| | U.S. Gulf of Mexico Semisubmersibles (8) |
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| | Noble Danny Adkins | Bingo 9000 | 1999/2009 | 12,000'-DP | US GOM | | Shell | 6/27/2010 | | 8/18/2010 | | 68-70 | Suspension rate during period of limitation on certain activities in the U.S. Gulf of Mexico. Shell will provide certain operational support in addition to the suspension rate. The suspension period shall be extended in the event the period of limitation on certain activities in the U.S. Gulf of Mexico is extended. | | |
| | | | | | US GOM | | Shell | 8/19/2010 | | 10/27/2010 | | 446-448 | BOP has been certified. | | |
| | | | | | US GOM | | Shell | 10/28/2010 | | TBA | | 68-70 | Suspension rate. We are in discussions with Shell over the application of the suspension rate following the lifting of the moritorium in the U.S. Gulf of Mexico. | | |
| | | | | | US GOM | | Shell | TBA | | 7/29/2014 | | 446-448 | | | |
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| | Noble Jim Day | Bingo 9000 | 1999/2009 | 12,000'-DP | In-transit & acceptance testing | | Marathon | 6/17/2010 | | 12/14/2010 | | - | Lump sum fee will offset mobilization costs. The drilling contract for the Noble Jim Day contains a termination right in the event the rig is not ready to commence operations by December 31, 2010. BOP is in the certification process. | | |
| | | | | | US GOM | | Marathon | 12/15/2010 | | 12/14/2014 | | 514-516 | | | |
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| | Noble Clyde Boudreaux (a, b) | F&G 9500 Enhanced Pacesetter | 1987/2007 | 10,000' | US GOM | | Noble Energy | 6/15/2010 | | 12/12/2010 | | 144-146 | Standby rate from June 15, 2010 though December 12, 2010. Noble Energy has confirmed that they do not intend to enter into a new contract. BOP has been certified. | | |
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| | Noble Amos Runner (a) | Noble EVA 4000™ | 1982/1999 | 8,000' | US GOM | | LLOG | 10/18/2010 | | 6/24/2011 | | 334-336 | BOP has been certified. Rig Swap was swapped for Noble Lorris Bouzigard to perform under contract with LLOG. | 17 | |
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| | Noble Jim Thompson (a) | Noble EVA 4000™ | 1984/1999 | 6,000' | US GOM | | Shell | 6/27/2010 | | 12/30/2010 | | 46-48 | Suspension rate during period of limitation on certain activities in the U.S. Gulf of Mexico. Shell will provide certain operational support in addition to the suspension rate. The suspension period shall be extended in the event the period of limitation on certain activities in the U.S. Gulf of Mexico is extended. | | |
| | | | | | US GOM | | Shell | 12/31/2010 | | 2/28/2011 | | 335-337 | Pursuant to our agreement with Shell and in connection with the Frontier transaction closing, Noble will reduce the current dayrate to $335,000-$337,000. This same dayrate, plus an increase for anticipated capital expenditures expected to be incurred at the request of Shell, will also apply during a three-year extension, which is scheduled to begin following the conclusion of the current contract in March 2011 (plus the suspension period and plus any upgrade period to the extent it occurs beyond the period of suspension). The revised dayrate will be eligible for a 15% performance bonus. BOP is in the certification process. | | |
| | | | | | US GOM | | Shell | 3/01/2011 | | 9/04/2014 | | 335-337 | Eligible for a maximum 15% bonus. | | |
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| | Noble Paul Romano (a) | Noble EVA 4000™ | 1981/1998 | 6,000' | US GOM | | Shipyard | 6/16/2010 | | | | - | Available. BOP is in the certification process. The unit is currently warm stacked. | 48 | |
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| | Noble Driller | Aker H-3 Twin Hull S1289 Column | 1976/2007 | 5,000' | US GOM | | Shell | 8/02/2010 | | 2/28/2011 | | 46-48 | Suspension rate during period of limitation on certain activities in the U.S. Gulf of Mexico. BOP is in the certification process. | | |
| | | | | | US GOM | | Shell | 3/01/2011 | | 1/27/2013 | | 382-384 | Plus five one-year options. | | |
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| | Noble Lorris Bouzigard (b) | Pentagone 85 | 1975/2003 | 4,000' | US GOM | | Shipyard | 10/01/2010 | | | | - | BOP is in the certification process. Noble Amos Runner was swapped for rig to perform under contract with LLOG. The unit is currently cold stacked. | | |
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| | U.S. Gulf of Mexico Submersibles (2) |
| | Noble Joe Alford | Pace Marine 85G | 1982/2006 | 70’-C | US GOM | | Shipyard | 9/17/2009 | | | | - | Cold Stacked. | 48 | 44 |
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| | Noble Lester Pettus | Pace Marine 85G | 1982/2007 | 70’-C | US GOM | | Shipyard | 6/10/2009 | | | | - | Cold Stacked. | 48 | 44 |
| | Mexico Semisubmersible (1) (c) |
| | Noble Max Smith | Noble EVA 4000™ | 1980/1999 | 7,000' | Bay of Campeche | | Pemex | 8/01/2008 | | 7/31/2011 | | 483-485 | | | |
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| | Mexico Jackups (12) (c, d) |
| | Noble Bill Jennings | MLT Class 84-E.R.C. | 1975/1997 | 390’-IC | Bay of Campeche | | Pemex | 6/18/2010 | | 11/10/2010 | | 94-96 | | | |
| | | | | | Mexico | | Shipyard | 11/11/2010 | | | | - | Available. The unit is currently warm stacked. | 6 | |
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| | Noble Eddie Paul | MLT Class 84-E.R.C. | 1976/1995 | 390’-IC | Mexico | | Shipyard | 8/01/2010 | | | | - | Available. The unit is currently warm stacked. | 48 | |
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| | Noble Leonard Jones | MLT Class 53-E.R.C. | 1972/1998 | 390’-IC | Mexico | | Shipyard | 6/23/2010 | | | | - | Available. The unit is currently warm stacked. | 48 | |
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| | Noble Johnnie Hoffman | Baker Marine BMC 300 | 1976/1993 | 300’-IC | Bay of Campeche | | Pemex | 7/26/2010 | | 10/13/2010 | | 74-76 | | | |
| | | | | | Mexico | | Shipyard | 10/10/2010 | | 10/31/2010 | | - | | 21 | |
| | | | | | Bay of Campeche | | Pemex | 11/01/2010 | | 12/31/2010 | | 74-76 | Received 61-day contract. | | |
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| | Noble Gene Rosser | Levingston Class 111-C | 1977/1996 | 300’-IC | Bay of Campeche | | Pemex | 6/20/2010 | | 12/19/2010 | | 79-81 | | | |
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| | Noble John Sandifer | Levingston Class 111-C | 1975/1995 | 300’-IC | Mexico | | Shipyard | 9/11/2010 | | 11/14/2010 | | - | UWILD inspection. | 45 | |
| | | | | | | | | 11/15/2010 | | 12/31/2010 | | 74-76 | Received 47-day contract. | | |
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| | Noble Lewis Dugger | Levingston Class 111-C | 1977/1997 | 300’-IC | Bay of Campeche | | Pemex | 5/30/2010 | | 10/18/2010 | | 79-81 | | | |
| | | | | | | | | 10/19/2010 | | 11/15/2010 | | 76-78 | Received a 28-day extension of the current direct assignment, then available. | | |
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| | Noble Sam Noble | Levingston Class 111-C | 1982 | 300’-IC | Mexico | | Shipyard | 9/20/2010 | | 10/31/2010 | | - | UWILD inspection. | 31 | |
| | | | | | Bay of Campeche | | Pemex | 11/01/2010 | | 12/31/2010 | | 74-76 | Received 61-day contract. | | |
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| | Noble Roy Butler | F&G L-780 MOD II | 1982/1998 | 250’-IC (f) | Bay of Campeche | | Pemex | 7/31/2010 | | 4/09/2011 | | 62-64 | | | |
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| | Noble Earl Frederickson | MLT Class 82-SD-C | 1979/1999 | 250’-IC | Bay of Campeche | | Pemex | 8/26/2010 | | 12/31/2010 | | 62-64 | | | |
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| | Noble Tom Jobe | MLT Class 82-SD-C | 1982 | 250’-IC | Bay of Campeche | | Pemex | 8/07/2010 | | 11/06/2010 | | 82-84 | This contract commenced 8/07/2008. The contract reprices every three months based on an index of jackup rates in seven international regions. On 8/07/2010, the contract repriced at a new dayrate of $82k-$84k. | | |
| | | | | | | | | 11/07/2010 | | 12/06/2011 | | 80-82 | On 11/07/2010, the contract repriced at a new dayrate of $80k-$82k. The next date on which the contract is expected to reprice is 2/07/2011. | | |
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| | Noble Carl Norberg | MLT Class 82-C | 1976/2003 | 250'-IC | Bay of Campeche | | Pemex | 9/02/2010 | | 3/02/2011 | | 80-82 | This contract commenced on 3/02/2009. The contract reprices every three months based on an index of jackup rates in seven international regions. On 9/02/2010, the contract repriced at a new dayrate of $80k-$82k. The next date on which the contract is expected to reprice is 12/02/2010. | | |
| | Changes from last Fleet Status Report denoted by Red, Bold, Underlined type. |
