Noble rig to leave Brazil

The rig is due to roll off contract with Petrobras in late April and will not be renewed by the state-controlled company.

“Costs are expected to increase slightly in the second quarter due primarily to an anticipated demobilisation expense associated with the Noble Dave Beard’s transit out of Brazil,” said Noble chief financial officer James MacLennan.

After the Noble Dave Beard departs from Brazil, the company will be left with a single rig in South America, the jack-up Noble Houston Colbert, which is chartered to Total in Argentina until early June.

Noble