Global and Regional MarketsNewsThe Offshore Frontier

Noble secures contract with TotalEnergies offshore Argentina

Noble has secured a contract with Total Austral, a subsidiary of TotalEnergies, to redeploy the harsh-environment jackup rig Noble Regina Allen for the drilling of three horizontal wells at the Fénix project in southern Argentina.

The contract is expected to commence in the first half of 2024, with a duration of around 220 days. The estimated contract value is approximately $33 million, excluding mobilization and demobilization fees. The contract further contains four one-well options.

“We are very pleased to confirm that the Noble Regina Allen will be brought back into the market for this important Argentinian natural gas project. We are looking forward to deepening our relationship to TotalEnergies with renewed collaboration in a South American basin,” said Blake Denton, SVP of Marketing & Contracts.

The Noble Regina Allen is currently undergoing repair work in Rotterdam, the Netherlands.

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