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Noble Corporation Touts $8 Billion Backlog
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Noble Corporation plc has reported third quarter 2015 results.
OutlookDavid W. Williams, Chairman, President and Chief Executive Officer of Noble Corporation, stated: "Our total backlog of $8.1 billion at the conclusion of the third quarter should provide revenue potential in 2016 of an estimated $2.5 billion and another $1.6 billion in 2017."
Operating Highlights Utilization of the Company's floating rig fleet, comprised of nine drillships and eight semisubmersibles, was 81 percent in the third quarter of 2015, compared to 82 percent in the previous quarter. The slight decline in utilization was caused primarily by idle time on the semisubmersible Noble Danny Adkins, which completed a contract in late August. The decline was partially offset by the reactivation of the semisubmersible…- ✓ Full news archive — U.S., Canada & international coverage
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