(Noble, 9.Apr.2020) — Noble Corporation plc announced that its report of drilling rig status and contract information has been updated as of 9 April 2020. The report, titled “Fleet Status Report,” can be found on the company’s Website www.noblecorp.com, under the “Investor Relations” section of the Website.
In addition, the company expects that the decline in oil prices resulting from the substantial increase in production by Saudi Arabia and the decrease in demand for crude oil resulting from the COVID-19 pandemic will negatively impact the company’s business and results of operations for its full year 2020, but, given the uncertainty surrounding the disruptions, cannot yet predict with reasonable accuracy the magnitude or duration of the impact, or the magnitude or pace of any recovery.
As a result, the company is withdrawing its full year 2020 financial guidance that was provided on its 20 February 2020 conference call. Though the company has not yet completed its review of results for the recently completed first quarter of 2020, it does not expect that its results of operations will differ materially from its previously announced financial guidance for the quarter.
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