{"id":39052,"date":"2025-02-04T12:30:03","date_gmt":"2025-02-04T11:30:03","guid":{"rendered":"https:\/\/eolog.com\/noble-sells-off-two-relatively-young-drillships-for-possible-scrapping\/"},"modified":"2025-02-04T12:30:03","modified_gmt":"2025-02-04T11:30:03","slug":"noble-sells-off-two-relatively-young-drillships-for-possible-scrapping","status":"publish","type":"post","link":"https:\/\/eolog.com\/en\/noble-sells-off-two-relatively-young-drillships-for-possible-scrapping\/","title":{"rendered":"Noble Sells Off Two Relatively Young Drillships for Possible Scrapping"},"content":{"rendered":"
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Noble Drilling has decided to decommission two relatively young, cold-stacked drillships, remnants of the idle fleet that accumulated in the Canary Islands during the offshore downturn of the mid-2010s. <\/p>\n
The vessels named for possible demolition sale are Pacific Meltem<\/em> (built 2014) and Pacific Scirocco<\/em> (built 2011), both constructed by Samsung for the former Pacific Drilling fleet. They are rated to 12,000 feet of water depth, and both are anchored at Las Palmas. <\/p>\n
Noble acquired Pacific Drilling in 2021, followed by Diamond Drilling in 2024. The wave of consolidation left Noble with 28 floaters, including 14 7th-generation drillships. While Meltem <\/em>and Scirocco <\/em>are comparatively young in ship years (11 and 14 respectively), they have been in storage for a long time; Noble has decided to divest of both in order to eliminate the cost of upkeep.<\/p>\n
The sale will ensure the retirement of both ships from the drilling market, including the possibility of scrapping. <\/p>\n
"Our decision to retire these non-contributing assets is based on a continuous cost-benefit evaluation of idle capacity. These retirements will be immediately cash flow accretive and result in a leaner, fitter fleet composition for Noble going forward," said Robert W. Eifler, President and CEO of Noble. <\/p>\n