Nobel to sell 2 drilling units for total of $79M

Noble reaches pair of deals to sell 2 drilling units for a combined $79M

Associated Press

NEW YORK (AP) -- Swiss offshore drilling company Noble Corp. said Monday that it reached separate agreements for the sales of two standard jackup drilling units for a total of $79 million.

Jackup rigs typically stand on the ocean floor in relatively shallow waters.

Under the first agreement, Noble will sell a rig capable of 300-foot water depth to a subsidiary of Mexico's Goimar SA de CV for $61 million. That deal is expected to close early next year, after the unit has completed its contract with its current customer.

The second agreement involves the sale of a rig capable of 150-foot water depth to Nigeria's Axxis Petroconsultants Ltd. for $18 million. Noble said that unit has been shut down in Cameroon since 2009. That deal also is expected to close in early 2013.

Noble's U.S. shares rose 16 cents to $35.01 in morning trading. Its shares have risen from a 52-week low of $28.73 in late June. They peaked at $41.71 in mid-March.

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