Press Release

SUGAR LAND, Texas, April 21 /PRNewswire-FirstCall/ -- Noble Corporation (NYSE: NE) announced today that its first quarter 2003 earnings press release has been scheduled for Wednesday, April 23, 2003, during market hours. The Company will also publish the release on the same day on its website at http://www.noblecorp.com . In addition, the Company will conduct its related earnings conference call on Friday, April 25, 2003, at 10:00 a.m., Central Time. During the call, management also expects to address its expectations for the current quarter and the balance of 2003.

Individuals wishing to access the conference call by telephone should dial (212) 346-7482 approximately five to ten minutes prior to the start time. The access code is 21136093. A replay of the conference call will be available on Friday, April 25, 2003, from 12:00 p.m., Central Time, through 5:00 p.m., Central Time, on Monday, April 28, 2003. The phone number for the conference call replay is (800) 633-8284 or internationally (402) 977-9140. The access code is the same. The Company will also provide a live webcast of the conference call via its website at http://www.noblecorp.com .

Noble also announced that the Annual General Meeting of Members of the Company will be held on April 24, 2003 at 10:00 a.m., Central Time, at the St. Regis Hotel in Houston, Texas. The record date of the Annual Meeting was March 6, 2003. The audio of the Annual Meeting and the materials to be presented at the Annual Meeting will also be webcast live via our website, http://www.noblecorp.com .

Persons interested in accessing the live webcast of the earnings conference call or the Annual Meeting audio and materials should visit the "Investor Relations" area of the Company's website, click on "Webcast" in the "Events and Alerts" section, and follow the instructions provided for the conference call or the Annual Meeting. You should go to the Company's website prior to the scheduled broadcast time in order to download, install and register any audio software that may be required in order to access the webcast.

All individuals listening to the conference call (or the replay) or the Annual Meeting, or accessing the Annual Meeting materials, are reminded that all the material is copyrighted by the Company and cannot be recorded or rebroadcast without the Company's express written consent.

Noble Corporation is a leading provider of diversified services for the oil and gas industry. Contract drilling services are performed with the Company's fleet, which stands at 55 offshore drilling units located in key markets worldwide. The Company's fleet of floating deepwater units consists of 13 semisubmersibles and three dynamically positioned drillships, seven of which are designed to operate in water depths greater than 5,000 feet. The Company's premium fleet of 36 independent leg, cantilever jackup rigs includes 22 units that operate in water depths of 300 feet or greater, four of which operate in water depths of 360 feet or greater, and 11 units that operate in water depths up to 250 feet. In addition, the Company's fleet includes three submersible units. Nine of the Company's units are capable of operating in harsh environments. Approximately two-thirds of the fleet is currently deployed in international markets, principally including the North Sea, Brazil, West Africa, the Middle East, Mexico and India. The Company provides technologically advanced drilling-related products and services designed to create value for our customers. The Company also provides labor contract drilling services, well site and project management services, and engineering services. The Company's ordinary shares are traded on the New York Stock Exchange under the symbol "NE".

SOURCE  Noble Corporation
    -0-                             04/21/2003
    /CONTACT:  John T. Rynd, Vice President - Investor Relations, Noble
Drilling Services Inc. of Noble Corporation, +1-281-276-6100/
    /Photo:  Newscom:  http://www.newscom.com/cgi-bin/prnh/20020424/NEDLOGO
               AP Archive:  http://photoarchive.ap.org
               PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840/
    /Web site:  http://www.noblecorp.com /
    (NE)

CO:  Noble Corporation
ST:  Texas
IN:  OIL
SU:  CCA MAV



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8793 04/21/2003 15:35 EDT http://www.prnewswire.com