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Noble takes over Frontier
Published 29.07.2010 10:03:45 by John Bradbury
Drilling contractor Noble Corporation has closed a US $2.16 Bn deal to acquire another rig owner adding seven new units to its fleet.

Noble said it has completed the acquisition of FDR Holdings - Frontier – which owns three dynamically-positioned drillships – which includes two ultra-deepwater rigs which are currently under construction – two moored drillships, one of which is an Arctic-class unit, plus a conventionally moored semi-submersible rig as well as an FPSO, increasing Noble's fleet from 62 to 69 units.

Noble announced the deal back on 28 June and the drilling contractor's chairman, president and chief executive Dave Williams said the the deal will strengthen its capabilities and extended its global reach, as well as doubling the company order backlog
William's also emphasised the company's “...strong safety culture, something we see as a fundamental element of our success on every rig we operate.”
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