Noble Drilling Completes Fifth Conversion

Noble Drilling Corporation announced its fifth successful EVA-4000TM semisubmersible conversion, Noble Max Smith, commenced its mobilization to its first location in Alaminos Canyon for Amerada Hess Corporation. The unit, capable of drilling in water depths up to 6,000 ft., will undergo final commissioning of its marine systems when it arrives on location. Upon completion of commissioning, the rig will commence drilling operations under its contract with Amerada Hess Corporation. The conversion of Noble Max Smith was completed in 14 months, which was approximately eight months faster than the first EVA-4000TM semisubmersible conversion, Noble Paul Romano. Additionally, the estimated total conversion cost is anticipated to be approximately four percent below the construction budget.