Company: NE-WTA
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038188
Chunk: 88

Company: Noble Corp plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 88
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9 Contract drilling services costs$788.6 $175.9 $538.3 $187.4 Average rig utilization72 %68 %67 %72 %Operating days3,505 1,595 2,240 1,709 Average dayrates$390,716 $167,233 $434,660 $150,286 Total rigs— Beginning27 13 19 13 — Acquired— — — — — Disposed(1)— (1)— — Ending26 13 18 13 

Contract Drilling Services Revenues

Floaters. During the six months ended June 30, 2025, floaters generated revenue of $1.4 billion, as compared to $1.0 billion in the six months ended June 30, 2024. The increase in revenue was mainly attributable to $512.4 million provided by the additional floaters acquired in connection with the Diamond Transaction. These increases were partly offset by $96.0 million from rigs with net changes in operating days in the current period as well as $20.4 million from a decrease in average dayrates in the current period. Additionally, floater revenue from net non-cash amortization related to off-market customer contract assets and liabilities decreased $30.4 million in the current period.

Jackups. During the six months ended June 30, 2025, jackups generated revenue of $266.7 million, as compared to $260.9 million in the six months ended June 30, 2024. The increase in revenue was mainly attributable to $34.6 million from an increase in average dayrates in the current period. This increase was partly offset by $13.8 million from rigs with net 

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changes in operating days in the current period. Additionally, jackup revenue from net non-cash amortization related to off-market customer contract assets and liabilities decreased $4.1 million in the current period.

Operating Costs and Expenses

Floaters. During the six months ended June 30, 2025, total contract drilling services costs related to floaters was $788.6 million, as compared to $538.3 million in the six months ended June 30, 2024. The primary drivers of this increase were $236.0 million related to the additional floaters acquired in connection with the Diamond Transaction, $35.0 million in mobilization, and $39