Company: NE-WTA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006184
Chunk: 63

Company: Noble Corp plc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 63
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 management) which may be crucial to the success of our investment in the joint venture or associate, or could otherwise implement initiatives which may be contrary to our interests. In addition, such joint venture owners or partners may be unable, or unwilling, to fulfill their obligations under the relevant agreements (for example, by not contributing working capital or other resources), or may experience financial, operational, or other difficulties that may adversely impact our investment in a particular joint venture or associate. In addition, such joint venture owners or associates may lack sufficient controls and procedures which could expose us to risk. If any of the foregoing were to occur, such occurrence could materially adversely affect our business, financial condition, and results of operations.

We are exposed to risks relating to operations in international locations, including the mobilization and demobilization of our rigs to and from such locations.

We operate in various regions throughout the world that may expose us to political or governmental risks and other uncertainties, including risks of:

•seizure, nationalization, or expropriation of property or equipment;

▪monetary policies, capital controls, government credit rating downgrades and potential defaults, and any potential shutdown of the United States government;

▪foreign currency fluctuations and devaluations;

▪limitations on the ability to repatriate income or capital;

▪complications associated with repairing and replacing equipment in remote locations;

▪repudiation, nullification, modification, or renegotiation of contracts;

▪limitations on insurance coverage, such as war risk coverage, in certain areas;

▪import-export quotas, wage and price controls, and imposition of sanctions, tariffs, or other trade restrictions;

▪operating delays as a result of excess governmental scrutiny or oversight;

▪compliance with and changes in taxation rules or policies;

▪compliance with and changes in regulatory or financial requirements, including local ownership, presence, local immigration, and visa requirements for personnel or labor requirements;

▪complexity involving conflicts of law between jurisdictions in which we operate; 

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▪other forms of government regulation and economic conditions that are beyond our control and that create operational uncertainty;

▪corruption, payment of bribes to government officials, money laundering, or kleptocracy (i.e., political corruption in which the government seeks personal gain and status at the expense of the governed); and

▪terrorism, piracy, civil, or international disturbances or conflict, such as the conflict between Russia and Ukraine, Middle East conflicts, and the Guyana-Venezuela dispute