Maersk Drilling and Noble merge to form new Noble Corporation

Maersk Drilling and Noble Corporation announced that they have entered into a “definitive agreement” to combine the two companies under the name of Noble Corporation by mid 2022. 

The merged companies' shares will be listed on the New York Stock Exchange and Nasdaq Copenhagen.The companies said their business agreement has been unanimously approved by the Boards of Directors of both companies.

“In the short term, the combination will, unfortunately, impact our organisation, but it will also create a larger and stronger company, which will provide future opportunities for growth and new jobs,”  said Maersk Drilling CEO Jørn Madsen. 

Noble Corporation will own and operate a modern, high-end fleet of floaters and jack-up rigs across benign and harsh environments, serving customers in the most attractive offshore oil and gas basins. 

The new company is set to  unite the strong capabilities and experience of Noble and Maersk Drilling. Noble Corporation will leverage their differentiated value propositions and unwavering commitments to best-in-class safety and service quality.