The company will use the Atwood Advantage to carry out its deep water exploration and development program.
Upon completion of the drillship, Noble Energy will pay $584,000 per day as the lease rate for the offshore drilling equipment.
Noble Energy will first employ the drilling rig to spud deep oil targets in the Eastern Mediterranean.
The 12,000ft water depth and 40,000ft drill depth ratings, dual BOP stacks, increased mobility, and improved offline capabilities will further complement the company’s offshore program.
Daewoo Shipbuilding & Marine Engineering Co., Korean shipbuilder, is building the rig and is expected to deliver it in the final quarter of 2013.
