Ocean Oilfield Integrated Solutions, based in Abu Dhabi, has upgraded its capacity to undertake global offshore projects by acquiring a jack-up drilling rig from Noble Corporation. This deal is part of the company's development strategy and is expected to have positive impacts on its operational capabilities in the future.
Deal Details
Noble Corporation had mentioned selling six drilling rigs last year, which included the sale of the Noble Resolve rig to Ocean Oilfield Drilling for $64 million. This deal is expected to be officially closed in the second quarter of 2026, following the completion of the current contract for the jack-up rig.
Read more: Valaris secures $220 million in new contracts and extensions
Ocean Oilfield has confirmed that ownership of the Ocean MVM rig, previously known as Noble Resolve, has been fully transferred to the company. Ocean MVM is a GustoMSC CJ50-X100 MC type jack-up drilling rig.
Location and Arrival Time of the New Rig
The Ocean MVM rig arrived in Malta on October 13, 2026, and is now actively available for immediate deployment, subject to contractual agreements and operational requirements. The new owner has emphasized that this drilling rig presents an attractive opportunity for operators seeking a high-efficiency jack-up drilling unit for future offshore campaigns.
Ocean Oilfield considers this deal a significant step towards developing and expanding its offshore drilling capabilities, highlighting the design of the GustoMSC CJ50-X100 MC series, known for its high structural efficiency, optimal safety, and reliable performance in challenging offshore conditions.
Samir M, CEO of Ocean Oilfield, commented on this purchase: "This strategic acquisition strengthens our fleet and represents an important step in our ongoing growth. It enhances our operational capabilities and increases our ability to support customers in key global markets."
