Company: NE-WTA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006184
Chunk: 71

Company: Noble Corp plc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 71
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 elevate costs. Any failure to comply with these laws and regulations could result in significant penalties and legal liability. These laws and regulations are continuously evolving and developing, creating significant uncertainty as privacy and data protection laws may be interpreted and applied differently from country to country and may create inconsistent or conflicting requirements. Any failure, or perceived failure, by Noble or third-party service providers to comply with Noble’s privacy or security policies or privacy-related legal obligations, or any compromise of security that results in the unauthorized release or transfer of personal data, may result in loss of revenue, reputational harm, and could be subject to legal or regulatory claims or proceedings, including enforcement actions under data privacy or disclosure regulations, which may result in significant expenditures, fines, or liabilities and could have an adverse effect on our operating results and financial condition.

23

Upgrades, refurbishment, and repair of rigs are subject to risks, including delays and cost overruns, that could have an adverse impact on our available cash resources and results of operations.

We will continue to make upgrades, refurbishment, and repair expenditures to our fleet from time to time, some of which may be unplanned. In addition, we may reactivate rigs that have been cold or warm stacked and make selective acquisitions of rigs. Our customers may also require certain upgrade projects for our rigs. These projects typically become more time consuming and expensive the older the fleet becomes and are subject to risks of cost overruns or delays inherent in any large construction project as a result of numerous factors, including the following:

▪shortages of equipment, materials, or skilled labor;

▪work stoppages and labor disputes;

▪unscheduled delays in the delivery of ordered materials and equipment;

▪local customs strikes or related work slowdowns that could delay importation of equipment or materials;

▪weather interferences;

▪difficulties in obtaining necessary permits or approvals or in meeting permit or approval conditions;

▪design and engineering problems;

▪inadequate regulatory support infrastructure in the local jurisdiction;

▪latent damages or deterioration to hull, equipment, and machinery in excess of engineering estimates and assumptions;

▪unforeseen increases in the cost of equipment, labor, and raw materials, particularly steel due to inflation or other factors;

▪unanticipated actual or purported change orders;

▪customer acceptance delays;

▪disputes with shipyards and suppliers;

▪delays in, or inability to obtain, access to funding;

▪shipyard availability, failures, and difficulties, including as a