Company Profile For Noble Corporation

Noble Corporation (Noble) is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 63 mobile offshore drilling units located worldwide. This fleet consists of 13 semisubmersibles, four dynamically positioned drillships, 43 jackups and three submersibles. The fleet count includes five units under construction, including one F&G JU-2000E enhanced jackup, one dynamically positioned ultra-deepwater, harsh environment Globetrotter-class drillship, and three deepwater dynamically positioned semisubmersibles. The Company have secured customer contracts for the one jackup and three semisubmersibles under construction.

BRIEF: For the nine months ended 30 September 2009, Noble Corporation's revenues increased 6% to $2.70B. Net income increased 8% to $1.23B. Revenues reflect an increase in sales from contract drilling services. Net income also reflects lower interest expense net of amount capitalized, decreased reimbursables, a fall in labor contract drilling services, the presence of loss on asset disposal and higher operating margins.