SHARE

Texas-based rig contractor Noble won contract extensions from Saudi Aramco for two jack-up rigs operating in Saudi Arabia.

The jack-up rig Gene House landed a three-year extension from late November 2015 to late November 2018.

The Noble Joe Beall jack up rig also received a three-year extension from mid November 2015 until mid November 2018.

Both rigs will have their dayrates boosted from the current rate of $81,000 per day to $143,000 per day.

Noble didn’t disclose the total value of the contracts or its projected earnings from the deals.

The company said it will be cold stacking the Noble Homer Farrington semi submersible for two weeks starting in early January 2015 so that the rig can undergo regulatory inspection and maintenance in the second quarter of 2015.