Noble Corp. says it has plans to divest the cold-stacked Pacific Meltem and Pacific Scirocco drillships to eliminate costs related to these units and prioritize resources on the existing marketed fleet.
The company's intention is to retire them permanently from drilling operation, including potentially scrapping the units.
President and CEO Robert W. Eifler said, "Our decision to retire these non-contributing assets is based on a continuous cost-benefit evaluation of idle capacity. These retirements will be immediately cash flow accretive and result in a leaner, fitter fleet composition for Noble going forward."
