Company: NE-WTA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001895262-25-000016
Chunk: 36

Company: Noble Corp plc
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 1
Chunk 36
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 demobilization, and contract preparation, which are not expected to be significant to our contract drilling services revenues, amounts constituting reimbursables from customers, or amounts attributable to uncommitted option periods under drilling contracts or letters of intent.

The table below presents the amount of our contract drilling services backlog as of September 30, 2025, and the percent of available operating days committed for the periods indicated:

Year Ending December 31, Total2025 (1)202620272028Thereafter(In thousands)Contract Drilling Services BacklogFloaters (2) (3)$6,472,176 $567,956 $2,034,125 $1,673,368 $1,273,843 $922,884 Jackups (4)634,656 110,844 302,232 221,580—— Total$7,106,832 $678,800 $2,336,357 $1,894,948 $1,273,843 $922,884 Percent of Available Days Committed (5)Floaters61 %55 %48 %34 %8 %Jackups59 %35 %22 %— %— %Total61 %49 %40 %24 %5 %

(1)Represents a three-month period beginning October 1, 2025.

(2)Noble entered into a multi-year Commercial Enabling Agreement (the “CEA”) with ExxonMobil in February 2020. Under the CEA, dayrates for the rigs are repriced on March 1 and September 1 each year to the projected market rate at the time the new rate goes into effect, subject to a scale-based discount and a performance bonus that appropriately aligns the interests of Noble and ExxonMobil. Under the CEA, the table above includes awarded and remaining current contract term to August 18, 2028, related to each of the four following rigs: the Noble Tom Madden, Noble Bob Douglas, Noble Don Taylor, and Noble Sam Croft. Under the CEA, ExxonMobil may reassign remaining contract term among rigs, subject to maintaining certain minimum contract term on the rig from which term is removed.

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(3)Assuming approximately 40% of available performance revenue realized on a combined basis under certain long-term contracts with Shell (US) and TotalEnergies (Suriname).

(4)In