SUGAR LAND, Texas, June 9, 2005 /PRNewswire-FirstCall via COMTEX/ -- Noble Corporation
(NYSE: NE) announced today that it has amended its Shareholder Rights Plan.
In accordance with the approval of the Board of Directors of the Company, the
Rights Agreement governing the Plan has been amended to extend the expiration
date under the Rights Agreement from July 10, 2005 to July 10, 2015, and to
increase the purchase price with respect to each "right" from US$120.00 to
US$220.00.
Noble Corporation is a leading provider of diversified services for the
oil and gas industry. Contract drilling services are performed with the
Company's premium fleet of 60 mobile offshore drilling units located in key
markets worldwide. This fleet consists of 13 semisubmersibles, three
dynamically positioned drillships, 41 jackups and three submersibles.
Approximately 80 percent of the fleet is currently deployed in international
markets, principally including the Middle East, Mexico, the North Sea, Brazil,
West Africa, India, and the Mediterranean Sea. 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".
Additional information on Noble Corporation is available via the worldwide
web at http://www.noblecorp.com
SOURCE Noble Corporation
John T. Rynd, Vice President - Investor Relations, Noble Drilling Services Inc. of
Noble Corporation, +1-281-276-6100
http://www.prnewswire.com
