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.
- Investment & Company Information
- Mergers, Acquisitions & Takeovers