Partnerships help drillers secure better rig terms

ExxonMobil's strategy of offering longer terms or repeat contracts during a downturn has provided benefits on both sides of the table

Top tier: a novel commercial agreement with ExxonMobil has helped Noble secure longer terms for drillships such as the Tom Madden
Top tier: a novel commercial agreement with ExxonMobil has helped Noble secure longer terms for drillships such as the Tom MaddenPhoto: NOBLE
Published 26 March 2020, 08:30Updated 28 March 2020, 08:06