President, Chief Executive Officer & Director, Noble
Search every verified Robert Eifler interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Robert W. Eifler, president and CEO of Noble Corp., said that for deepwater rigs, "all the action remains in the Golden Triangle—US, West Africa and South America," and that Noble is "particularly active in Guyana," where it is the largest drilling contractor. He stated that 2025 would be "slightly slower" than previously anticipated, which he attributed to oil prices, but added that forward indicators for growth remain strong. Eifler noted that Noble disposed of two cold-stacked rigs and said the risk of new-build drillships is low, as justifying a new build would require a 10-year contract at over $600,000 per day. Eifler discussed Noble's strategy following its merger with Maersk Drilling, describing it as "a very transformative opportunity" that doubled the size of both companies. He said Noble has a fleet of 41 rigs and the largest fleet of seventh-generation dual BOP drillships in the industry. Eifler highlighted a contract backlog of over $4.5 billion, which he said provides earnings visibility. On emissions, he said Noble set a goal to reduce CO2 by 20% by 2030, has entered contracts with financial bonuses for reduced emissions, and participated in carbon capture projects such as Project Greensand in Denmark.
“For deepwater rigs, all the action remains in the Golden Triangle—US, West Africa and South America, and I don't think that's going to change. We are drilling in each one of those regions.”
“I would say, for Noble, we're particularly active in Guyana. We're the largest drilling contractor in the country there, in what's arguably the best offshore play in the world right now.”
“We've got a fleet today of 41 rigs and we have the largest fleet of Seventh Generation dual BOP drill ships in the entire industry. We're very confident with our asset base right now, built through these acquisitions.”
“2025 will be slightly slower than we had hoped to call it a year ago, which I think is easily explained by oil prices. Despite this short-term lull, all of our forward indicators for growth are very strong.”
“For deepwater rigs, all the action remains in the Golden Triangle: US, West Africa, and South America. We're particularly active in Guyana, the largest drilling contractor in the country and arguably the best offshore play in the world right now.”
“The risk of true new builds is extremely low, as building a new drillship today would cost nearly a billion dollars and take about four years. To justify that, someone would need a 10-year contract at over $600,000 a day, which is a 15-year time horizon with materially higher day rates than today.”
“We believe the call for rigs that are already built but yet to be delivered is greatly diminished because of the slightly flatter 2025. We just decided to dispose of two rigs that we had cold stacked in our fleet.”
“Carbon capture and storage is a really exciting area. We've participated in Project Greensand in Denmark and developed the industry's first modular CO2 grade drilling system to work safely and efficiently in a CO2 atmosphere.”
“Our customers haven't necessarily changed what they've always looked for, which is safety and efficiency, but they're going about it differently now. There's more collaboration between contractors, service companies, and oil and gas companies to drive safety and efficiency together as a team.”
“We're global today, effectively in every major basin around the world. We have the right assets to work in places where hydrocarbons are most likely to be explored, discovered, and produced offshore.”
“We're committed to reducing emissions and have a goal to reduce CO2 by 20% by 2030. We've empowered our rig crews through the Energy Wise program and implemented real-time monitoring to identify and reduce fuel use.”
“We've entered contracts with financial bonuses for reduced emissions, including a recent bonus on the Noble Endeavor. Reducing emissions requires a very collaborative approach with our customers.”
“The merger when we announced it we've said from the beginning it's a very transformative opportunity for both companies; we basically doubled the size of both companies in the merger and have spent the last year and a half working extremely hard preparing for the closing date and then affecting the integration.”
“Right now there's a very high demand for offshore drilling rigs driven by underinvestment through the COVID years and a few years prior; our customers' budgets have increased year on year, and pricing for our services has gone up as well.”
“We have a strong contract backlog at the moment that's over 4.5 billion dollars, which represents almost two years of revenue and helps us plan internally and provides investors with good earnings visibility.”
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