Noble (NE) 8-K Regulation FD Disclosure

Exhibit 99.1

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - May 26, 2011

RIG

RIG DESIGN

YEAR BUILT / REBUILT

WATER DEPTH

LOCATION

OPERATOR

ESTIMATED CONTRACT START DATE

ESTIMATED CONTRACT EXPIRATION DATE

FULL CONTRACT DAYRATE ($000)

COMMENTS

2Q-11

2Q-11

3Q-11

4Q-11

A

E

E

E

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 commencement 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.

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.

U.S. Gulf of Mexico Semisubmersibles (7)

Noble Danny Adkins (i)

Bingo 9000

1999/2009

12,000'-DP

US GOM

Shell

Early Mar 2011

Early May 2011

155-157

Standby/Suspension rate.  Subsea System has been certified.

5

3

Early May 2011

Late Nov 2014

461-463

Noble Jim Day

Bingo 9000

1999/2009

12,000'-DP

US GOM

Shell

Mid Feb 2011

Late May 2011

155-157

Letter of intent.  Standby/Suspension rate.  Subsea System has been certified.

US GOM

Shell

Early Jun 2011

Late Jul 2011

241-243

Letter of intent. Standby/Suspension rate.

US GOM

Shell

Early Aug 2011

Late Jan 2012

484-486

Letter of intent. Eligible for a maximum 15% bonus.   Beginning the sooner of 8/01/2011 or Shell securing a drilling permit for use of the unit.

Noble Amos Runner (a)

Noble EVA 4000™

1982/1999

8,000'

US GOM

LLOG

Mid Oct 2010

Late Jun 2011

334-336

Subsea System has been certified.

Noble Jim Thompson   (a, i)

Noble EVA 4000™

1984/1999

6,000'

US GOM

Shell

Early Feb 2011

Early Apr 2011

84-86

Standby/Suspension rate.

1

US GOM

Shell

Early Apr 2011

Late Nov 2014

359-361

Eligible for a maximum 15% bonus. Subsea System has been certified.

Noble Paul Romano (a)

Noble EVA 4000™

1981/1998

6,000'

US GOM

Shipyard

Mid Jun 2010

-

Available.  The unit is currently warm stacked.  Subsea System has been certified.

Noble Driller (i)

Aker H-3 Twin Hull S1289 Column

1976/2007

5,000'

US GOM

Shell

Early Feb 2011

Early Jul 2011

84-86

Standby/Suspension rate.  Subsea System is in the certification process.

US GOM

Shell

Early Jul 2011

Late May 2013

382-384

Timing of resumption of operations at full dayrate estimated based on customer information regarding their ability to obtain necessary permits and is subject to change.  Plus five one-year options.

Noble Lorris Bouzigard (b)

Pentagone 85

1975/2003

4,000'

US GOM

Shipyard

Early Oct 2010

-

The unit is currently cold stacked.

U.S. Gulf of Mexico Submersibles (2)

Noble Joe Alford

Pace Marine 85G

1982/2006

70’-C

US GOM

Shipyard

Mid Sep 2009

-

Cold Stacked.

Noble Lester Pettus

Pace Marine 85G

1982/2007

70’-C

US GOM

Shipyard

Early Jun 2009

-

Cold Stacked.

Mexico Semisubmersible (1) (c)

Noble Max Smith

Noble EVA 4000™

1980/1999

7,000'

Bay of Campeche

Pemex

Early Aug 2008

Late Jul 2011

483-485

2

8

Mexico Jackups (12) (c, d)

Noble Bill Jennings

MLT Class 84-E.R.C.

1975/1997

390’-IC

Bay of Campeche

Pemex

Mid Mar 2011

Late Dec 2011

99-101

3

4

Noble Eddie Paul

MLT Class 84-E.R.C.

1976/1995

390’-IC

Mexico

Shipyard

Early Aug 2010

-

The unit is currently warm stacked.

Noble Leonard Jones

MLT Class 53-E.R.C.

1972/1998

390’-IC

Bay of Campeche

Pemex

Mid Mar 2011

Mid Dec 2011

99-101

Noble Johnnie Hoffman

Baker Marine BMC 300

1976/1993

300’-IC

US GOM

Shipyard

Late Dec 2010

Late May 2011

-

Bay of Campeche

Pemex

Late May 2011

Late Dec 2012

79-81

Noble Gene Rosser

Levingston Class 111-C

1977/1996

300’-IC

US GOM

Shipyard

Late Dec 2010

Mid Apr 2011

-

Bay of Campeche

Pemex

Late Apr 2011

Late Dec 2011

79-81

Noble John Sandifer

Levingston Class 111-C

1975/1995

300’-IC

Mexico

Shipyard

Mid Feb 2011

Mid Apr 2011

-

Bay of Campeche

Pemex

Mid Apr 2011

Late Dec 2012

82-84

Noble Lewis Dugger

Levingston Class 111-C

1977/1997

300’-IC

US GOM

Shipyard

Mid Nov 2010

Late Apr 2011

-

3

Bay of Campeche

Pemex

Late Apr 2011

Early Dec2012

82-84

Noble Sam Noble

Levingston Class 111-C

1982

300’-IC

US GOM

Shipyard

Late Feb 2011

-

The unit has moved to the US Gulf of Mexico and will be temporarily stacked to reduce operating costs.

Noble Roy Butler

F&G L-780 MOD II

1982/1998

250’-IC (f)

Bay of Campeche

Pemex

Late July 2010

Mid Apr 2011

62-64

Bay of Campeche

Pemex

Mid Apr 2011

Late May 2011

57-59

Leg upgrade to increase water depth rating to 300' estimated +/- 62 days in 2Q2011/3Q2011.

30

32

Noble Earl Frederickson

MLT Class 82-SD-C

1979/1999

250’-IC

Bay of Campeche

Pemex

Late Dec 2010

Late Apr 2011

-

Bay of Campeche

Pemex

Early May 2011

Mid Sept 2011

57-59

Noble Tom Jobe

MLT Class 82-SD-C

1982

250’-IC

Bay of Campeche

Pemex

Early Feb 2010

Early May 2011

79-81

This contract commenced 8/07/2008.  The contract reprices every three months based on an index of jackup rates in seven international regions.  On 2/07/2010, the contract repriced at a new dayrate of $79k-$81k.

18

Bay of Campeche

Pemex

Early May 2011

Early Dec 2011

74-76

On5/07/2011, the contract repriced at a new dayrate of  $74k-$76k. The next date on which the contract is expected to reprice is 8/07/2011.

Noble Carl Norberg

MLT Class 82-C

1976/2003

250'-IC

Bay of Campeche

Pemex

Early Mar 2011

Late Jul 2011

57-59

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

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - May 26, 2011

RIG

RIG DESIGN

YEAR BUILT / REBUILT

WATER DEPTH

LOCATION

OPERATOR

ESTIMATED CONTRACT START DATE

ESTIMATED CONTRACT EXPIRATION DATE

FULL CONTRACT DAYRATE ($000)

COMMENTS

2Q-11

2Q-11

3Q-11

4Q-11

A

E

E

E

Brazil Semisubmersibles (4) (c )(h)

Noble Dave Beard (b)

F&G 9500 Enhanced Pacesetter

1986/2008

10,000'-DP

Brazil

Petrobras

Mid Mar 2010

Mid Mar 2015

219-221

Eligible for a maximum 15% performance bonus.

23

Noble Clyde Boudreaux (a)

F&G 9500 Enhanced Pacesetter

1987/2007

10,000'

US GOM

Shipyard

Mid Dec 2010

Early Apr 2011

-

Subsea System has been certified.

Brazil

Shell

Early Apr 2011

Early Apr 2012

289-291

Plus $6 million mobilization fee.  Eligible for a maximum 15% performance bonus.

6

Noble Paul Wolff

Noble EVA 4000™

1981/1999/2006

9,200'-DP

Brazil

Petrobras

Early Nov 2009

Early Nov 2014

427-429

Eligible for a maximum 15% performance bonus.  Timing of survey subject to change.

28

14

Noble Therald Martin (b)

Pentagone 85

1977/2004

4,000'

Brazil

Petrobras

Mid Oct 2010

Mid Oct 2015

269-271

Eligible for a maximum of 10% performance bonus.

3

45

Brazil Drillships (3) (c )(h)

Noble Roger Eason (b)

NAM Nedlloyd-C

1977/2005

7,200'-DP

Brazil

Petrobras

Mid Mar 2010

Late Feb 2012

346-348

Eligible for a maximum of 15% performance bonus.

Brazil

Petrobras

Late Feb 2012

Mid Oct 2012

89-91

Anticipate entering the shipyard for +/- 240 days for rig modifications, regulatory inspection, and sea trials, of which 150 days are expected to be paid at a dayrate of $89k-$91k.

11

Brazil

Petrobras

Mid Oct 2012

Mid Aug 2016

346-348

Eligible for a maximum of 15% performance bonus.

Noble Leo Segerius (b)

Gusto Engineering Pelican Class

1981/2002

5,600’-DP

Brazil

Petrobras

Late Jun 2009

Early Feb 2011

300-302

Eligible for a maximum of 15% performance bonus.

Brazil

Petrobras

Early Feb 2011

Late Dec 2011

89-91

Anticipate +/- 240 days beginning in Early March 2011 for rig modifications, regulatory inspection, and sea trials, of which 150 days are expected to be paid at a dayrate of $89k-$91k.

56

35

31

3

Brazil

Petrobras

Late Dec 2011

Late Jan 2016

300-302

Eligible for a maximum of 15% performance bonus.

Noble Muravlenko

Gusto Engineering Pelican Class

1982/1997

4,900’-DP

Brazil

Petrobras

Early May 2009

4Q 2011

289-291

Eligible for a maximum of 15% performance bonus.

Brazil

Petrobras

4Q 2011

Mid May 2015

289-291

Eligible for a maximum of 15% performance bonus. Received MOU to swap the   Noble Phoenix for the Noble Muravlenko to complete current Noble Muravlenko contract.  Expect substitution to take place in 4Q 2011.  Noble Muravlenko shipyard upgrade project cancelled. The Petrobras   Noble Muravlenko/Noble Phoenix swap is subject to Petrobras Board approval and finalization of contract.

3

North Sea Semisubmersible (1)

Noble Ton van Langeveld

Offshore Co. SCP III Mark 2

1979/2000

1,500'

United Kingdom

Centrica/Maersk

Early Dec 2010

Early Oct 2011

246-248

Plus three fixed-priced options.

North Sea/Mediterranean Semisubmersible (1)

Noble Homer Ferrington

F&G 9500 Enhanced Pacesetter

1985/2004

7,200

Morocco

ExxonMobil/Repsol

Mid Apr 2009

Mid Apr 2012

504-506

Assignment to Repsol for 2 wells plus 2 priced options began Mid March 2011.

3

North Sea Jackups (8)

Noble Hans Deul

F&G JU-2000E

2009

400'-IC

United Kingdom

Shell

Early Feb 2011

Early Feb 2013

174-176

3

Noble Julie Robertson

Baker Marine Europe Class

1981/2001

390'-IC (e)

United Kingdom

Centrica

Early Apr 2011

Late Mar 2012

88-90

Noble Al White

CFEM T-2005-C

1982/2005

360’-IC

Netherlands

Total

Early Dec 2010

Early Jun 2011

111-113

Netherlands

Total

Early Jun 2011

Early Dec 2011

95-97

Netherlands

Total

Early Dec 2011

Early Oct 2012

101-103

Noble Byron Welliver

CFEM T-2005-C

1982

300’-IC

Germany

ABB

Early Mar 2011

Early May 2011

64-66

Accommodation work.   Plus four one-week priced options.

Netherlands

Gaz de France

Early May 2011

Late May 2011

79-81

Netherlands

Chevron

Early Jun 2011

Late Nov 2011

88-91

Plus two priced option wells.

Noble Lynda Bossler

MSC/CJ-46

1982

250’-IC

Netherlands

Gaz de France/Wintershall

Early Nov 2010

Early Apr 2011

79-81

Plus a 35-day priced option.

Netherlands

Dana (KNOC)

Early Apr 2011

Mid Dec 2011

87-89

Plus one 40-day priced option.

Noble Piet van Ede

MSC/CJ-46

1982

250’-IC

Netherlands

Gaz de France

Late Nov 2010

Late Nov 2011

85-87

Noble Ronald Hoope

MSC/CJ-46

1982

250’-IC

Netherlands

Gaz de France

Mid Dec 2010

Late Dec 2011

86-88

Noble George Sauvageau

NAM Nedlloyd-C

1981

250’-IC

Netherlands

Wintershall

Early Jan 2011

Late Dec 2011

91-93

West Africa Drillship (1)

Noble Duchess

Conversion

1975

1,500'

Nigeria

Shipyard

Early Nov 2010

-

Available.  The unit is currently cold stacked.

West Africa Jackups (5) (c )

Noble Percy Johns

F&G L-780 MOD II

1981/1995

300’-IC

Nigeria

ExxonMobil

Early Jul 2010

Mid Mar 2011

84-86

2-years firm plus a 1-year priced option; which is subject to a 240-day notice of cancellation. We experienced a fire on March 19, 2011 on the rig and anticipate +/- five months of downtime to complete the repairs.

56

35

92

Nigeria

Shipyard

Mid Mar 2011

Late Sept 2011

-

Rig will be swapped for Noble Lloyd Noble to perform under contract with ExxonMobil in Early Jun 2011.

Nigeria

ExxonMobil

Late Sept 2011

Late June 2012

84-86

2-years firm plus a 1-year priced option; which is subject to a 240-day notice of cancellation.

Noble Tommy Craighead

F&G L-780 MOD II

1982/2003

300’-IC

Cameroon

EurOil

Early May 2010

Mid Jun 2011

89-91

Anticipate entering the shipyard in Mid Jun 2011 for regulatory inspection and upgrades.

15

77

Noble Ed Noble

MLT Class 82-SD-C

1984/2003

250’-IC

Nigeria

ExxonMobil

Early Jul 2010

Late Jun 2012

84-86

2-years firm plus a 1-year priced option; which is subject to a 240-day notice of cancellation.

4

5

Noble Lloyd Noble

MLT Class 82-SD-C

1983/1990

250’-IC

Cameroon

Shipyard

Early Jan 2011

Early Jun 2011

-

Available.

Nigeria

ExxonMobil

Early Jun 2011

Late Sept 2011

84-86

Rig will be swapped for Noble Percy Johns to perform under contract with ExxonMobil in Early Jun 2011.

Noble Don Walker

Baker Marine BMC 150-SD

1982/1992

150’-IC

Cameroon

Shipyard

Mid Mar 2009

-

Available.  The unit is currently cold stacked.

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

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - May 26, 2011 .

RIG

RIG DESIGN

YEAR BUILT / REBUILT

WATER DEPTH

LOCATION

OPERATOR

ESTIMATED CONTRACT START DATE

ESTIMATED CONTRACT EXPIRATION DATE

FULL CONTRACT DAYRATE ($000)

COMMENTS

2Q-11

2Q-11

3Q-11

4Q-11

A

E

E

E

Arabian Gulf Jackups (14) (c )

Noble Scott Marks

F&G JU-2000E

2009

400'-IC

UAE (Hamriyah)

Shipyard

Mid Jan 2011

Mid Jun 2011

-

Mobilization and contract preparation.

56

20

Saudi Arabia

Saudi Aramco

Mid Jun 2011

Mid Jun 2014

236-238

Plus lump sum mobilization and capital upgrades.  Customer may cancel this contract for convenience with 30 days notice, but must pay a termination fee of 50% of the dayrate for the remaining contracted time.

Noble Roger Lewis

F&G JU-2000E

2007

400'-IC

Saudi Arabia

Saudi Aramco

Early Mar 2011

Early Mar 2014

131-133

Plus lump sum mobilization and capital upgrades.  Customer may cancel this contract for convenience with 30 days notice, but must pay a termination fee of 50% of the dayrate for the remaining contracted time.

Noble Jimmy Puckett

F&G L-780 MOD II

1982/2002

300'-IC

Qatar

RasGas

Early Apr 2010

Early Apr 2012

71-73

Contract is subject to 120-day notice of cancellation.  Plus a two-year priced option.

Noble Gus Androes

Levingston Class 111-C

1982/2004

300'-IC

Qatar

Maersk Oil Qatar

Mid Dec 2010

Late July 2011

52-54

Accommodation work.  Plus one two-month priced option.

Noble Harvey Duhaney

Levingston Class 111-C

1976/2001

300'-IC

Qatar

Total

Early Jun 2010

Early Dec 2011

59-61

Contract is subject to a 60-day notice of cancellation.  Plus two six-month priced options.

Noble Alan Hay

Levingston Class 111-C

1980/2005

300'-IC

UAE (Dubai)

Dubai Petroleum

Mid Oct 2009

Mid Nov 2011

#

Rate withheld at request of operator.  Contract is subject to a 90-day notice of cancellation.

UAE (Dubai)

Dubai Petroleum

Mid Nov 2011

Mid Nov 2014

#

Rate withheld at request of operator.   Contract is subject to a 270-day notice of cancellation after November 2012.

Noble Roy Rhodes

MLT Class 116-C

1979/2009

300’-IC

Qatar

Total E&P Qatar

Mid Mar 2011

Late Apr 2011

74-75

UAE (Hamriyah)

Shipyard

Late Apr 2011

Mid Jun 2011

-

Contract preparation; including adding additional leg length.

31

24

328'-IC

UAE (Ras Al Khalmah)

RAK Al Khalij

Mid Jun 2011

Early Aug 2011

88-90

Plus up to 150-day priced option.

Oman

RAK Petroleum Oman

Early Aug 2011

Early Jan 2012

92-94

Plus up to 200-day priced option.

Noble Joe Beall

Modec 300C-38

1981/2004

300'-IC

Qatar

McDermott

Early Nov 2010

Early May 2011

53-55

Accommodation work.

UAE (Hamriyah)

Shipyard

Early May 2011

Early Sept 2011

-

Mobilization and contract preparation.

Saudi Arabia

Saudi Aramco

Early Sept 2011

Early Sept 2014

80-82

Plus lump sum mobilization and capital upgrades.  Customer may cancel this contract for convenience with 30 days notice, but must pay a termination fee of 50% of the dayrate for the remaining contract time. Plus a one-year priced option.

Noble David Tinsley

Modec 300C-38

1981/2004

300'-IC

UAE (Hamriyah)

Shipyard

Early Dec 2010

-

Available.  The unit is currently warm stacked.

UAE (Dubai)

Dubai Petroleum

Mid Apr 2011

Mid Apr 2013

#

Rate withheld at request of operator. Contract is subject to a 180-day notice of cancellation after April 2012.

Noble Gene House

Modec 300C-38

1981/1998

300'-IC

Qatar

Maersk Oil Qatar

Early Jan 2011

Mid May 2011

49-51

Accommodation work.

UAE (Hamriyah)

Shipyard

Mid May 2011

Early Sept 2011

-

Mobilization and contract preparation.

Saudi Arabia

Saudi Aramco

Early Sept 2011

Early Sept 2014

80-82

Plus lump sum mobilization and capital upgrades.  Customer may cancel this contract for convenience with 30 days notice, but must pay a termination fee of 50% of the dayrate for the remaining contract time. Plus a one-year priced option.

Noble Charles Copeland

MLT Class 82-SD-C

1979/2001

280’-IC

UAE (Hamriyah)

Shipyard

Early Dec 2009

Late May 2011

-

Available.  The unit is currently warm stacked.

Qatar

Maersk Oil Qatar

Late May 2011

Late August 2011

57-59

Accommodation work.

Noble Chuck Syring

MLT Class 82-C

1976/1996

250’-IC

Qatar

RasGas

Early Feb 2010

Late Jan 2012

47-49

Accommodation work; plus one one-year priced option.  Contract is subject to a 120-day notice of cancellation.

Dhabi II

Baker Marine BMC 150

1982/2006

150'-IC

UAE (Abu Dhabi)

ADOC

Mid Jul 2008

Mid Jul 2011

81-83

UAE (Abu Dhabi)

ADOC

Mid Jul 2011

Mid Jul 2013

54-56

Noble Dick Favor

Baker Marine BMC 150

1982/2004

150'-IC

UAE (Hamriyah)

Shipyard

Mid Feb 2010

-

Available.  The unit is currently cold stacked.

India Jackups (4) (c, d)

Noble Ed Holt

Levingston Class 111-C

1981/2003

300’-IC

India

Jindal/ONGC

Late Feb 2010

Late Feb 2015

54-56

Rig bareboat chartered to Jindal which is contracted with ONGC.

Noble George McLeod

F&G L-780 MOD II

1981/1995

300’-IC

India

Jindal/ONGC

Early Jan 2009

Early Jan 2012

132-134

Rig bareboat chartered to Jindal which is contracted with ONGC.

Noble Charlie Yester

MLT Class 116-C

1980

300’-IC

India

Jindal/ONGC

Early Jun 2010

Early Jun 2013

49-51

Rig bareboat chartered to Jindal which is contracted with ONGC.

Noble Kenneth Delaney

F&G L-780 MOD II

1983/1998

300'-IC

India

Deepwater Drilling/ONGC

Early Oct 2010

Late Sep 2013

49-51

Rig bareboat chartered to Deepwater Drilling which is contracted with ONGC.

Southeast Asia Drillship (2)

Noble Phoenix

Gusto Engineering Pelican Class

1979/2009

5,000' DP

Shipyard & In-transit & acceptance testing

Noble

Mid Mar 2011

4Q 2011

-

Received MOU to swap the Noble Phoenix for Noble Muravlenko to complete current Noble Muravlenko contract.  Expect substitution to take place in 4Q 2011.  Remainder of Noble Phoenix contract with Shell is cancelled.   The Petrobras  Noble Muravlenko/Noble Phoenix swap is subject to Petrobras Board approval and finalization of contract.

56

35

92

Noble Discoverer

Arctic Class Hull ICE-05; Sonat Discoverer Class

1976/2009

1,000'

New Zealand

Shell

Early Jan 2011

Early May 2011

154-156

On April 25, 2011, the Noble Discoverer was operating off the coast of New Zealand when a severe weather event occurred. In anticipation of the severe weather, and in accordance with established procedures for severe weather events, the Noble Discoverer suspended drilling operations and secured and disconnected from the well. Due to the severe weather, the riser and the lower marine riser package were damaged and released from the vessel. We believe we are entitled to continue receiving dayrate from our customer until repairs are complete, and we are discussing the implications of this event with our customer.

TBA

Shell

Early May 2011

Late Dec 2011

154-156

Plus two one-year priced options.

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

NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS REPORT - May 26, 2011 .

RIG

RIG DESIGN

YEAR BUILT / REBUILT

WATER DEPTH

LOCATION

OPERATOR

ESTIMATED CONTRACT START DATE

ESTIMATED CONTRACT EXPIRATION DATE

FULL CONTRACT DAYRATE ($000)

COMMENTS

2Q-11

2Q-11

3Q-11

4Q-11

A

E

E

E

Newbuild Drillship (7)

Noble Globetrotter I - Newbuild

Globetrotter Class

2011

10,000'-DP

Dalian, China - STX / Netherlands - Huisman

Shipyard

Mid Oct 2011

-

In-transit & acceptance testing

Mid Oct 2011

Late Dec 2011

-

US GOM

Shell

Early Jan 2012

Late Dec 2021

409-411

Contract is at a fixed dayrate the first five years and is eligible for a 15% performance bonus.  During the second five years, the unit will earn a dayrate based on a market index and also be eligible for a 15% performance bonus.

Noble Globetrotter II - Newbuild

Globetrotter Class

2013

10,000'-DP

Dalian, China - STX / Netherlands - Huisman

Shipyard

Early Jun 2013

-

In-transit & acceptance testing

Early Jun 2013

Late Oct 2013

-

TBA

Shell

Early Nov 2013

Late Oct 2023

409-411

Contract is at a fixed dayrate the first five years and is eligible for a 15% performance bonus.  During the second five years, the unit will earn a dayrate based on a market index and also be eligible for a 15% performance bonus.

Noble Bully I (g) - Newbuild

GustoMSC Bully PRD 12000

2011

8,200'-DP

Keppel

Shipyard

Late Jul 2011

In-transit & acceptance testing

Late Jul 2011

Late Nov 2011

US GOM

Shell

Late Nov 2011

Late Nov 2016

440-445

Plus four 1-year priced options.

Noble Bully II (g) - Newbuild

GustoMSC Bully PRD 12000

2011

8,200'-DP

Keppel

Shipyard

Late Sep 2011

In-transit & acceptance testing

Early Oct 2011

Mid Dec 2011

Actual start-up time will be influenced by the length of the customs importation process.

Brazil

Shell

Late Dec 2011

Late Dec 2021

440-445

Contract is at a fixed dayrate the first five years.  During the second five years, the unit will earn a dayrate based on a market index.

HHI Drillship I - Newbuild

Gusto P10,000

2013

12,000'-DP

Korea

Shipyard

Second Quarter 2013

In-transit & acceptance testing

Second Quarter 2013

Second Half of 2013

TBA

TBA

Shell

Second Half of 2013

Late 2018

409-411

Received Letter of Intent. Eligible for a 15% performance bonus.  Drilling contract term will be 5 1/2 years.

HHI Drillship II - Newbuild

Gusto P10,000

2013

12,000'-DP

Korea

Shipyard

Fourth Quarter 2013

In-transit & acceptance testing

Fourth Qtr 2013

TBA

TBA

TBA

TBA

TBA

TBA

HHI Drillship III - Newbuild

Gusto P10,000

2014

12,000'-DP

Korea

Shipyard

Second Quarter 2014

In-transit & acceptance testing

Second Quarter 2014

TBA

TBA

TBA

TBA

TBA

TBA

Fixed price option for one additional drillship.  The option must be declared by late August 2011 for delivery in 2014.

Newbuild Jackups (4)

Noble Jackup I - Newbuild

F&G JU-3000N

2012

400'-IC

Jurong

Shipyard

Fourth Quarter 2012

Options for up to two additional units which must be exercised by January 1, 2012.

In-transit & acceptance testing

First Quarter 2013

TBA

Each option unit may be priced individually and is priced based on the original unit price, plus a potential escalation factor, with future deliveries scheduled in six-month increments beginning in late 2014.

TBA

TBA

TBA

TBA

TBA

Noble Jackup II - Newbuild

F&G JU-3000N

2013

400'-IC

Jurong

Shipyard

Second Quarter 2013

In-transit & acceptance testing

Third Quarter 2013

TBA

TBA

TBA

TBA

TBA

TBA

Noble Jackup III - Newbuild

F&G JU-3000N

2013

400'-IC

Jurong

Shipyard

Fourth Quarter 2013

In-transit & acceptance testing

Fourth Quarter 2013

TBA

TBA

TBA

TBA

TBA

TBA

Noble Jackup IV - Newbuild

F&G JU-3000N

2014

400'-IC

Jurong

Shipyard

First Quarter 2014

In-transit & acceptance testing

First Quarter 2014

TBA

TBA

TBA

TBA

TBA

TBA

Other (1)

Noble Seillean - FPSO

A1 Floating Production & Storage Installation LMC, category 2B ship

1989/2008

6,500'-DP

US GOM

Late Oct 2010

-

Available.  The unit is currently warm stacked.

353

209

329

80

(a)

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

(b)

Rig utilizes the Aluminum Alloy Riser technology.

(c)

In various market segments, 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.

2011 Total: (includes: planned shipyard and downtime days only.)

1439

(d)

Listed rigs are modified bareboat charter; cost structure varies by region.

Definitions of Date Ranges:

(e)

Leg extensions fabricated to enable the rig to operate in up to 390' of water in a non-harsh environment.

Early:  1st - 10th

(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.

Mid:  11th - 20th

(g)

Commitment split 50/50 - Joint Venture between Shell and Noble Corp.

Late:  21st - End of Month

(h)

The drilling contract provides the client with the right to terminate the contract in the event of excessive downtime.

(i)

In June 2010, Noble and Shell agreed to an arrangement to address the current situation in the U.S. Gulf of Mexico relating to the limitation on certain deepwater drilling activities including Shell’s inability to obtain necessary permits from the U.S. BOEMRE. The agreement allowed Shell to suspend the contracts, if necessary, on any rigs currently operating or anticipated to operate in the U.S. Gulf of Mexico during the imposed restriction.  In exchange, Shell agreed to pay a reduced suspension rate designed to support Noble's personnel as well as certain operational support costs. The term of the contracts will be extended for a length of time equal to any suspension period at the original contract dayrate.

*

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

NOTE:  In certain cases, we may have rights against our customers that may result in payment for days which we currently have estimated as downtime.

# =

Rate withheld at request of operator.

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