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Noble stacks another rig

Offshore contractor places drillship in layup amid low demand

Offshore contractor Noble is preparing to cold-stack the drillship Noble Bully I amid weak demand brought on by the low oil price environment.

The rig, which was previously under contract to Shell in the US Gulf of Mexico at a dayrate of $488,000, is currently en route to Curacao to be stacked, according to Noble's monthly fleet status report.

The GustoMSC Bully PRD 12000-design drillship was build in 2011. The report also shows that Shell is idling sister drillship Noble Bully II in Malaysia this month. The rig could stay in layup at a dayrate of $200,000 for up to a year.

Not including the Noble Bully I, the driller currently has four cold-stacked rigs.

The semi-submersible Noble Dave Beard has been in a Singapore shipyard since April of last year.

Meanwhile, the semisubs Noble Jim Day,  Noble Amos Runner and Noble Danny Atkins and been cold-stacked in the US Gulf since January, February and March of last year, respectively.

A number of rigs are also warm-stacked and available for work. Those include the drillships Noble Tom Madden and Noble Sam Croft in the US Gulf, the jack-up Noble Tom Prosser in the United Arab Emirates, and the semisub Noble Clyde Boudreaux in Singapore, according to the report.