þ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Switzerland | 98-0619597 | |
(State or other jurisdiction of incorporation or organization ) | (I.R.S. employer identification number) |
Title of each class | Name of each exchange on which registered | |
Shares, Par Value 4.80 CHF Per Share | New York Stock Exchange |
Cayman Islands | 98-0366361 | |
(State or other jurisdiction of incorporation or organization ) | (I.R.S. employer identification number) |
Title of each class | Name of each exchange on which registered | |
N/A | N/A |
Large accelerated filer þ | Accelerated filer o | Non-accelerated filer o | Smaller reporting company o |
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Exhibit 10.17 | ||||||||
Exhibit 10.18 | ||||||||
Exhibit 21.1 | ||||||||
Exhibit 23.1 | ||||||||
Exhibit 23.2 | ||||||||
Exhibit 31.1 | ||||||||
Exhibit 31.2 | ||||||||
Exhibit 31.3 | ||||||||
Exhibit 32.1 | ||||||||
Exhibit 32.2 | ||||||||
Exhibit 32.3 | ||||||||
EX-101 INSTANCE DOCUMENT | ||||||||
EX-101 SCHEMA DOCUMENT | ||||||||
EX-101 CALCULATION LINKBASE DOCUMENT | ||||||||
EX-101 LABELS LINKBASE DOCUMENT | ||||||||
EX-101 PRESENTATION LINKBASE DOCUMENT | ||||||||
EX-101 DEFINITION LINKBASE DOCUMENT |
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ITEM 1.
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
ITEM 1A.
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
ITEM 1B.
Table of Contents
ITEM 2.
Table of Contents
Table of Contents
Water
Drilling
Depth
Depth
Year Built
Rating
Capacity
Name
Make
or Rebuilt
(1)
(feet)
(feet)
Location
Status
(2)
Noble EVA-4000 - DP
2006 R
9,200
30,000
Brazil
Active
Noble EVA-4000
1998R/2007M
6,000
32,500
U.S. Gulf of Mexico
Active
Noble EVA-4000
1999R/2008M
8,000
32,500
U.S. Gulf of Mexico
Active
Noble EVA-4000
1999R/2006M
6,000
32,500
U.S. Gulf of Mexico
Active
Noble EVA-4000
1999 R
7,000
30,000
Mexico
Active
F&G 9500 Enhanced Pacesetter
2004 R
7,200
30,000
Libya
Active
Pentagone 85
2003 R
4,000
25,000
U.S. Gulf of Mexico
Active
Pentagone 85
2004 R
4,000
25,000
Brazil
Active
Offshore Co. SCP III Mark 2
2000 R
1,500
25,000
U.K.
Active
F&G 9500 Enhanced Pacesetter
2007 R/M
10,000
35,000
U.S. Gulf of Mexico
Active
F&G 9500 Enhanced Pacesetter - DP
2008 R
10,000
35,000
Brazil
Contracted
Bingo 9000 - DP
2009 R
12,000
35,000
U.S. Gulf of Mexico
Active
Bingo 9000 - DP
2009 R
12,000
35,000
Singapore
Shipyard/Contracted
NAM Nedlloyd - C
2005 R
7,200
25,000
Brazil
Active
Gusto Engineering Pelican Class
2002 R
5,600
20,000
Brazil
Active
Gusto Engineering Pelican Class
1997 R
4,900
20,000
Brazil
Active
Globetrotter Class
2011 N
10,000
30,000
China
Shipyard
MLT Class 84 - E.R.C.
1997 R
390
25,000
Mexico
Active
MLT Class 84 - E.R.C.
1995 R
390
25,000
Mexico
Active
MLT Class 53 - E.R.C.
1998 R
390
25,000
Mexico
Active
Baker Marine Europe Class
2001 R
390
25,000
U.K.
Active
CFEM T-2005-C
2005 R
360
30,000
The Netherlands
Active
Baker Marine BMC 300
1993 R
300
25,000
Mexico
Active
CFEM T-2005-C
1982
300
30,000
Denmark
Active
F&G L-780 MOD II
1998 R
300
25,000
Mexico
Active
F&G L-780 MOD II
2003 R
300
25,000
Cameroon
Active
F&G L-780 MOD II
1998 R
300
25,000
Qatar
Active
F&G L-780 MOD II
1995 R
300
25,000
Nigeria
Active
F&G L-780 MOD II
1995 R
300
25,000
India
Active
F&G L-780 MOD II
2002 R
300
25,000
Qatar
Active
Levingston Class 111-C
2004 R
300
30,000
Qatar
Active
Levingston Class 111-C
1997 R
300
25,000
Mexico
Active
Levingston Class 111-C
2003 R
300
25,000
India
Active
Levingston Class 111-C
1982
300
25,000
Mexico
Active
Levingston Class 111-C
1996 R
300
25,000
Mexico
Active
Levingston Class 111-C
1995 R
300
25,000
Mexico
Active
Levingston Class 111-C
2001 R
300
25,000
Qatar
Active
Levingston Class 111-C
2005 R
300
25,000
U.A.E.
Active
Modec 300C-38
2004 R
300
25,000
Qatar.
Active
Modec 300C-38
2004 R
300
25,000
U.A.E.
Active
Modec 300C-38
1998 R
300
25,000
Qatar
Active
MLT Class 116-C
1980
300
25,000
India
Active
MLT Class 116-C
1979
300
25,000
U.A.E.
Active
MLT Class 82-SD-C
2001 R
280
20,000
U.A.E.
Active
MLT Class 82-SD-C
1999 R
250
20,000
Mexico
Active
MLT Class 82-SD-C
1982
250
25,000
Mexico
Active
MLT Class 82-SD-C
2003 R
250
20,000
Nigeria
Active
MLT Class 82-SD-C
1990 R
250
20,000
Nigeria
Active
MLT Class 82-C
2003 R
250
20,000
Mexico
Active
MLT Class 82-C
1996 R
250
20,000
U.A.E.
Active
NAM Nedlloyd-C
1981
250
25,000
The Netherlands
Active
MSC/CJ-46
1982
250
25,000
The Netherlands.
Active
MSC/CJ-46
1982
250
25,000
The Netherlands
Active
MSC/CJ-46
1982
250
25,000
The Netherlands
Active
Baker Marine BMC 150
2004 R
150
20,000
Bahrain
Active
Baker Marine BMC 150-SD
1992 R
150
20,000
Cameroon
Active
Baker Marine BMC 150
2006 R
150
20,000
U.A.E.
Active
F&G JU-2000E
2007
400
30,000
Qatar
Active
F&G JU-2000E
2009 N
400
30,000
The Netherlands
Active
F&G JU-2000E
2009 N
400
30,000
U.K.
Active
Pace Marine 85G
2006 R
70
25,000
U.S. Gulf of Mexico
Stacked
Pace Marine 85G
2007 R
70
25,000
U.S. Gulf of Mexico
Stacked
Table of Contents
1.
2.
3.
4.
5.
6.
Table of Contents
ITEM 3.
ITEM 4.
ITEM 5.
Dividends
Declared and
High
Low
Paid
$
44.78
$
36.15
$
0.05
39.39
28.14
0.09
37.03
24.16
28.48
20.81
0.04
$
42.96
$
20.62
$
0.04
65.78
41.27
0.04
67.98
50.49
0.79
57.01
42.11
0.04
Table of Contents
Table of Contents
Table of Contents
Total Number of
Maximum Number
Shares Purchased
of Shares that May
Total Number
Average
as Part of Publicly
Yet Be Purchased
of Shares
Price Paid
Announced Plans
Under the Plans
Period
Purchased
per Share
or Programs
or Programs (1)
2,690
(2)
$
41.81
(2)
14,619,891
1,259,279
(3)
$
42.43
(3)
1,250,000
13,369,891
502,981
(4)
$
41.14
(4)
500,000
12,869,891
(1)
(2)
(3)
(4)
Table of Contents
INDEXED RETURNS
Years Ending December 31,
Company Name / Index
2004
2005
2006
2007
2008
2009
$
100.00
$
142.04
$
153.68
$
228.67
$
90.92
$
168.44
100.00
104.91
121.48
128.16
80.74
102.11
100.00
151.75
172.19
249.58
101.59
167.77
Table of Contents
ITEM 6.
Year Ended December 31,
2009
2008
2007
2006
2005
(In thousands, except per share amounts)
$
3,640,784
$
3,446,501
$
2,995,311
$
2,100,239
$
1,382,137
1,678,642
1,560,995
1,206,011
731,866
296,696
6.44
5.85
4.49
2.68
1.09
6.42
5.81
4.45
2.65
1.08
$
735,493
$
513,311
$
161,058
$
61,710
$
166,302
6,634,452
5,647,017
4,795,916
3,858,393
2,999,019
8,396,896
7,106,799
5,876,006
4,585,914
4,346,367
750,946
750,789
774,182
684,469
1,129,325
750,946
923,487
784,516
694,098
1,138,297
6,788,432
5,290,715
4,308,322
3,228,993
2,731,734
$
2,136,716
$
1,888,192
$
1,414,373
$
988,715
$
529,010
(1,495,059
)
(1,129,293
)
(1,223,873
)
(349,910
)
(1,147,411
)
(419,475
)
(406,646
)
(91,152
)
(698,940
)
681,456
1,431,498
1,231,321
1,287,043
1,122,061
545,095
1,049,243
561,348
367,419
143,720
263,120
0.18
0.91
0.12
0.08
0.05
(1)
(2)
(3)
Table of Contents
ITEM 7.
Table of Contents
Table of Contents
Year Ending December 31,
Total
2010
2011
2012
2013
2014-2016
(In millions)
7,115
$
2,042
$
1,609
$
1,070
$
1,020
$
1,374
973
773
199
1
$
8,088
$
2,815
$
1,808
$
1,071
$
1,020
$
1,374
54
%
26
%
13
%
13
%
6
%
(1)
(2)
(3)
(4)
(5)
Table of Contents
Table of Contents
Average Rig
Operating
Average
Utilization (1)
Days (2)
Dayrates
2009
2008
2009
2008
% Change
2009
2008
% Change
82
%
92
%
12,719
13,879
-8
%
$
147,701
$
148,532
-1
%
98
%
96
%
2,578
2,466
5
%
417,177
327,558
27
%
100
%
100
%
1,095
1,098
0
%
253,557
220,475
15
%
91
%
67
%
993
732
36
%
254,084
201,819
26
%
51
%
66
%
418
729
-43
%
61,711
54,106
14
%
84
%
90
%
17,803
18,904
-6
%
$
197,143
$
174,506
13
%
(1)
(2)
(3)
(4)
(5)
Table of Contents
Change
2009
2008
$
%
$
3,509,755
$
3,298,850
$
210,905
6
%
96,161
76,099
20,062
26
%
1,302
1,275
27
2
%
$
3,607,218
$
3,376,224
$
230,994
7
%
$
1,006,764
$
1,011,882
$
(5,118
)
-1
%
82,122
65,251
16,871
26
%
398,572
349,448
49,124
14
%
80,004
72,381
7,623
11
%
31,053
10,000
21,053
**
1,598,515
1,508,962
89,553
6
%
$
2,008,703
$
1,867,262
$
141,441
8
%
(1)
**
Table of Contents
Change
2009
2008
$
%
$
30,298
$
55,078
$
(24,780
)
-45
%
3,040
14,750
(11,710
)
-79
%
228
449
(221
)
-49
%
$
33,566
$
70,277
$
(36,711
)
-52
%
$
18,827
$
42,573
$
(23,746
)
-56
%
2,913
14,076
(11,163
)
-79
%
9,741
7,210
2,531
35
%
258
1,762
(1,504
)
-85
%
(214
)
(36,485
)
36,271
**
31,525
29,136
2,389
8
%
$
2,041
$
41,141
$
(39,100
)
-95
%
(1)
**
Table of Contents
Average Rig
Operating
Average
Utilization (1)
Days (2)
Dayrates
2008
2007
2008
2007
% Change
2008
2007
% Change
92
%
97
%
13,879
14,294
-3
%
$
148,532
$
120,229
24
%
96
%
99
%
2,466
2,358
5
%
327,558
274,613
19
%
100
%
89
%
1,098
971
13
%
220,475
177,790
24
%
67
%
89
%
732
970
-25
%
201,819
119,669
69
%
66
%
73
%
729
802
-9
%
54,106
74,171
-27
%
90
%
95
%
18,904
19,395
-3
%
$
174,506
$
139,948
25
%
(1)
(2)
(3)
(4)
Table of Contents
Change
2008
2007
$
%
$
3,298,850
$
2,714,250
$
584,600
22
%
76,099
83,944
(7,845
)
-9
%
1,275
1,326
(51
)
-4
%
$
3,376,224
$
2,799,520
$
576,704
21
%
$
1,011,882
$
880,049
$
131,833
15
%
65,251
70,964
(5,713
)
-8
%
349,448
283,225
66,223
23
%
72,381
83,695
(11,314
)
-14
%
10,000
(3,514
)
13,514
**
1,508,962
1,314,419
194,543
15
%
$
1,867,262
$
1,485,101
$
382,161
26
%
(1)
**
Table of Contents
Change
2008
2007
$
%
$
55,078
$
156,508
$
(101,430
)
-65
%
14,750
37,297
(22,547
)
-60
%
449
1,986
(1,537
)
-77
%
$
70,277
$
195,791
$
(125,514
)
-64
%
$
42,573
$
125,624
$
(83,051
)
-66
%
14,076
34,988
(20,912
)
-60
%
17,520
(17,520
)
-100
%
7,210
9,762
(2,552
)
-26
%
1,762
2,136
(374
)
-18
%
(36,485
)
(36,485
)
**
29,136
190,030
(160,894
)
-85
%
$
41,141
$
5,761
$
35,380
614
%
(1)
**
Table of Contents
Table of Contents
Total Number
Average
Year Ended
of Shares
Total Cost
Price Paid
December 31,
Purchased
(in thousands)
per share
5,470,000
(1)
$
186,506
$
34.10
7,965,109
331,514
41.62
4,219,000
178,494
42.31
(1)
Table of Contents
Table of Contents
Payments Due by Period
Total
2010
2011
2012
2013
2014
Thereafter
Other
$
750,946
$
$
$
$
299,874
$
249,377
$
201,695
$
288,365
51,190
51,190
51,190
42,377
24,346
68,072
18,003
7,715
3,877
766
367
367
4,911
23,148
13,530
1,060
404
654
553
6,947
1,099,573
696,413
353,262
49,898
105,245
105,245
$
2,285,280
$
768,848
$
409,389
$
102,258
$
343,272
$
274,643
$
281,625
$
105,245
(1)
(2)
(3)
Table of Contents
Amount of Commitment Expiration Per Period
Total
2010
2011
2012
2013
2014
Thereafter
$
96,020
$
43,201
$
52,819
$
$
$
$
299,461
171,786
108,433
19,242
$
395,481
$
214,987
$
161,252
$
19,242
$
$
$
Table of Contents
Table of Contents
Table of Contents
ITEM 7A.
Table of Contents
Table of Contents
ITEM 8.
Page
47
48
49
50
51
52
53
54
55
56
57
58
59
Table of Contents
February 26, 2010
Table of Contents
CONSOLIDATED BALANCE SHEET
Table of Contents
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
Year Ended December 31,
2009
2008
2007
$
3,509,755
$
3,298,850
$
2,714,250
99,201
90,849
121,241
30,298
55,078
156,508
1,530
1,724
3,312
3,640,784
3,446,501
2,995,311
1,006,764
1,011,882
880,049
85,035
79,327
105,952
18,827
42,573
125,624
17,520
408,313
356,658
292,987
80,262
74,143
85,831
30,839
(26,485
)
(3,514
)
1,630,040
1,538,098
1,504,449
2,010,744
1,908,403
1,490,862
(1,685
)
(4,388
)
(13,111
)
6,843
8,443
11,151
2,015,902
1,912,458
1,488,902
(337,260
)
(351,463
)
(282,891
)
$
1,678,642
$
1,560,995
$
1,206,011
$
6.44
$
5.85
$
4.49
$
6.42
$
5.81
$
4.45
$
0.18
$
0.91
$
0.12
258,035
264,782
266,700
258,891
266,805
269,330
Table of Contents
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
2009
2008
2007
$
1,678,642
$
1,560,995
$
1,206,011
408,313
356,658
292,987
10,189
30,839
(26,485
)
(3,514
)
36,866
51,026
20,509
37,995
35,899
34,681
(17,639
)
(21,439
)
(54,233
)
(48,839
)
(31,725
)
(204,874
)
(17,723
)
(18,237
)
23,276
3,589
8,575
12,368
11,646
2,490
(25,671
)
(1,979
)
(19,620
)
58,985
15,006
(9,945
)
43,659
2,136,716
1,888,192
1,414,373
(717,148
)
(799,736
)
(754,967
)
(594,957
)
(323,955
)
(423,657
)
(119,393
)
(107,630
)
(108,419
)
(63,561
)
40,830
45,260
10,000
21,747
39,451
7,910
(1,495,059
)
(1,129,293
)
(1,223,873
)
685,000
(685,000
)
30,000
220,000
(130,000
)
(120,000
)
(172,700
)
(10,335
)
(9,630
)
5,062
9,304
38,995
3,467
7,477
249,238
(47,939
)
(244,198
)
(32,197
)
(203,898
)
(314,122
)
(195,797
)
(419,475
)
(406,646
)
(91,152
)
222,182
352,253
99,348
513,311
161,058
61,710
$
735,493
$
513,311
$
161,058
Table of Contents
CONSOLIDATED STATEMENTS OF SHAREHOLDERS EQUITY
(In thousands)
Accumulated
Capital in
Other
Total
Shares
Excess of
Retained
Treasury
Comprehensive
Shareholders
Balance
Par Value
Par Value
Earnings
Shares
Loss
Equity
269,184
$
26,918
$
775,895
$
2,446,056
$
$
(19,876
)
$
3,228,993
1,300
130
35,818
35,948
90
9
3,769
3,778
2,592
259
47,066
47,325
7,477
7,477
(724
)
(72
)
(8,258
)
(8,330
)
(4,219
)
(422
)
(178,070
)
(178,492
)
1,206,011
1,206,011
(32,197
)
(32,197
)
(17,000
)
(17,000
)
14,809
14,809
268,223
$
26,822
$
683,697
$
3,602,870
$
$
(5,067
)
$
4,308,322
1,176
117
35,782
35,899
10
1
629
630
1,008
102
19,339
19,441
3,467
3,467
(553
)
(56
)
(10,081
)
(10,137
)
(7,965
)
(796
)
(330,718
)
(331,514
)
1,560,995
1,560,995
(244,198
)
(244,198
)
(52,190
)
(52,190
)
261,899
$
26,190
$
402,115
$
4,919,667
$
$
(57,257
)
$
5,290,715
1,472
766
8,255
28,974
37,995
17
49
152
339
540
719
3,098
162
8,908
12,168
(1,597
)
9,144
7,547
(413
)
(597
)
(5,527
)
(982
)
(7,106
)
(1,720
)
(172
)
(43,303
)
(143,031
)
(186,506
)
(261,246
)
(26,125
)
26,125
(775,950
)
(775,950
)
261,246
1,162,332
(386,382
)
775,950
1,678,642
1,678,642
(34,934
)
(13,005
)
(47,939
)
2,376
2,376
261,974
$
1,130,607
$
$
5,855,737
$
(143,031
)
$
(54,881
)
$
6,788,432
Table of Contents
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands)
2009
2008
2007
$
1,678,642
$
1,560,995
$
1,206,011
277
(19,095
)
3,664
417
(2,219
)
(998
)
(1,424
)
(31,806
)
10,479
3,106
930
1,664
2,376
(52,190
)
14,809
$
1,681,018
$
1,508,805
$
1,220,820
Table of Contents
February 26, 2010
Table of Contents
CONSOLIDATED BALANCE SHEET
(In thousands)
Table of Contents
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
Year Ended December 31,
2009
2008
2007
$
3,509,755
$
3,298,850
$
2,714,250
99,201
90,849
121,241
30,298
55,078
156,508
1,157
1,724
3,312
3,640,411
3,446,501
2,995,311
1,006,764
1,011,882
880,049
85,035
79,327
105,952
18,827
42,573
125,624
17,520
408,313
356,658
292,987
58,543
74,143
85,831
30,839
(26,485
)
(3,514
)
1,608,321
1,538,098
1,504,449
2,032,090
1,908,403
1,490,862
(1,685
)
(4,388
)
(13,111
)
6,810
8,443
11,151
2,037,215
1,912,458
1,488,902
(336,834
)
(351,463
)
(282,891
)
$
1,700,381
$
1,560,995
$
1,206,011
Table of Contents
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
2009
2008
2007
$
1,700,381
$
1,560,995
$
1,206,011
408,313
356,658
292,987
10,189
30,839
(26,485
)
(3,514
)
36,866
51,026
20,509
8,399
35,899
34,681
(17,639
)
(21,439
)
(54,233
)
(48,839
)
(31,725
)
(204,874
)
(191,004
)
(16,686
)
(18,237
)
23,276
3,704
8,575
12,368
11,558
2,490
(25,671
)
(10,318
)
(19,620
)
58,985
14,803
(9,945
)
43,659
1,930,377
1,888,192
1,414,373
(717,148
)
(799,736
)
(754,967
)
(566,894
)
(323,955
)
(423,657
)
(119,393
)
(107,630
)
(108,419
)
(63,561
)
40,830
45,260
10,000
21,747
39,451
7,910
(1,466,996
)
(1,129,293
)
(1,223,873
)
685,000
(685,000
)
30,000
220,000
(130,000
)
(120,000
)
(172,700
)
(10,335
)
(9,630
)
(6,430
)
9,304
38,995
3,467
7,477
249,238
(10,470
)
(244,198
)
(32,197
)
(60,867
)
(314,122
)
(195,797
)
(250,467
)
(406,646
)
(91,152
)
212,914
352,253
99,348
513,311
161,058
61,710
$
726,225
$
513,311
$
161,058
Table of Contents
CONSOLIDATED STATEMENTS OF SHAREHOLDERS EQUITY
(In thousands)
Accumulated
Capital in
Other
Total
Shares
Excess of
Retained
Comprehensive
Shareholders
Balance
Par Value
Par Value
Earnings
Loss
Equity
269,184
$
26,918
$
775,895
$
2,446,056
$
(19,876
)
$
3,228,993
1,300
130
35,818
35,948
90
9
3,769
3,778
2,592
259
47,066
47,325
7,477
7,477
(724
)
(72
)
(8,258
)
(8,330
)
(4,219
)
(422
)
(178,070
)
(178,492
)
1,206,011
1,206,011
(32,197
)
(32,197
)
(17,000
)
(17,000
)
14,809
14,809
268,223
$
26,822
$
683,697
$
3,602,870
$
(5,067
)
$
4,308,322
1,176
117
35,782
35,899
10
1
629
630
1,008
102
19,339
19,441
3,467
3,467
(553
)
(56
)
(10,081
)
(10,137
)
(7,965
)
(796
)
(330,718
)
(331,514
)
1,560,995
1,560,995
(244,198
)
(244,198
)
(52,190
)
(52,190
)
261,899
$
26,190
$
402,115
$
4,919,667
$
(57,257
)
$
5,290,715
1,331
133
8,266
8,399
6
1
152
153
15
2
145
147
6,533
6,533
(285
)
(29
)
(5,534
)
(5,563
)
(1,720
)
(172
)
(43,303
)
(43,475
)
1,700,381
1,700,381
(10,470
)
(10,470
)
2,376
2,376
261,246
$
26,125
$
368,374
$
6,609,578
$
(54,881
)
$
6,949,196
Table of Contents
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands)
2009
2008
2007
$
1,700,381
$
1,560,995
$
1,206,011
277
(19,095
)
3,664
417
(2,219
)
(998
)
(1,424
)
(31,806
)
10,479
3,106
930
1,664
2,376
(52,190
)
14,809
$
1,702,757
$
1,508,805
$
1,220,820
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Year Ended December 31,
2009
2008
2007
$
1,678,642
$
1,547,800
$
1,197,801
(16,811
)
(13,195
)
(8,210
)
$
1,661,831
$
1,534,605
$
1,189,591
$
1,678,642
$
1,547,800
$
1,197,801
(16,758
)
(13,131
)
(8,141
)
$
1,661,884
$
1,534,669
$
1,189,660
258,035
267,006
268,528
856
1,567
2,354
258,891
268,573
270,882
2,611
2,224
1,828
$
6.44
$
5.85
$
4.49
$
6.42
$
5.81
$
4.45
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
2009
2008
2007
$
1,618
$
3,014
$
12,843
$
332,287
$
258,392
$
213,986
2009
2008
$
$
299,874
299,837
249,377
249,257
201,695
201,695
149,998
22,700
750,946
923,487
(172,698
)
$
750,946
$
750,789
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Total
2010
2011
2012
2013
2014
Thereafter
$
$
$
$
$
$
299,874
299,874
249,377
249,377
201,695
201,695
$
750,946
$
$
$
$
299,874
$
249,377
$
201,695
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
December 31, 2009
December 31, 2008
Carrying
Estimated
Carrying
Estimated
Value
Fair Value
Value
Fair Value
$
$
$
149,998
$
149,185
299,874
325,398
299,837
294,495
249,377
282,105
249,257
249,838
201,695
231,015
201,695
196,991
22,700
22,700
Total Number
Average
of Shares
Price Paid
Year Ended December 31,
Purchased
Total Cost
per Share
5,470,000
(1)
$
186,506
$
34.10
7,965,109
331,514
41.62
4,219,000
178,494
42.31
(1)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
2009
2008
2007
Number of
Weighted
Number of
Weighted
Number of
Weighted
Shares
Average
Shares
Average
Shares
Average
Underlying
Exercise
Underlying
Exercise
Underlying
Exercise
Options
Price
Options
Price
Options
Price
3,553,999
$
22.84
4,397,773
$
21.28
6,827,376
$
19.71
302,815
24.63
168,277
43.01
215,370
35.76
(718,283
)
16.94
(1,007,750
)
19.29
(2,591,861
)
18.26
(17,214
)
19.52
(4,301
)
24.07
(53,112
)
26.20
3,121,317
24.39
3,553,999
22.84
4,397,773
21.28
2,688,179
$
23.52
3,232,260
$
21.25
4,102,891
$
20.44
(1)
(2)
Options Outstanding
Options Exercisable
Number of
Weighted
Weighted
Weighted
Shares
Average
Average
Average
Underlying
Remaining
Exercise
Number
Exercise
Options
Life (Years)
Price
Exercisable
Price
1,623,096
2.07
$
18.02
1,615,055
$
18.02
902,797
6.70
26.45
616,639
27.29
595,424
6.97
38.57
456,485
37.91
3,121,317
4.35
$
24.39
2,688,179
$
23.52
2009
2008
2007
$
8.64
$
16.00
$
13.11
5
5
5
38.5
%
35.6
%
34.3
%
0.7
%
0.4
%
0.2
%
2.1
%
2.9
%
4.8
%
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Shares
Weighted-Average
Under Outstanding
Grant-Date
Options
Fair Value
321,739
$
13.74
302,815
8.64
(182,802
)
12.70
(8,614
)
8.64
433,138
$
10.71
2009
2008
2007
47.6
%
40.9
%
32.0
%
0.5
%
0.5
%
0.2
%
2.1
%
2.2
%
4.8
%
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
2009
2008
2007
820,523
752,160
668,513
$
26.99
$
43.18
$
37.52
3.0
3.0
3.0
579,160
348,758
563,068
$
24.46
$
43.92
$
35.79
2011
2010
2009
$
13.55
$
24.26
$
13.63
Time-Vested
Weighted
Performance-Vested
Weighted
Restricted
Average
Restricted
Average
Shares
Award-Date
Shares
Award-Date
Outstanding
Fair Value
Outstanding (1)
Fair Value
1,434,233
$
39.92
677,789
$
18.57
820,523
26.99
579,160
13.55
(723,078
)
38.48
(11,429
)
13.56
(85,959
)
34.79
(19,734
)
15.99
1,445,719
$
33.61
1,225,786
$
16.28
(1)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
December 31,
2009
2008
2007
$
(12,192
)
$
(12,469
)
$
6,626
417
2,219
(43,106
)
(44,788
)
(13,912
)
$
(54,881
)
$
(57,257
)
$
(5,067
)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
2009
2008
$
$
5,805
958
7,358
13,752
25,836
4,870
1,976
185
290
19,765
41,265
$
19,765
$
41,265
$
(308,789
)
$
(299,157
)
(4,790
)
(6,417
)
(7,126
)
$
(319,996
)
$
(306,283
)
$
(300,231
)
$
(265,018
)
December 31,
2009
2008
2007
$
738,130
$
745,276
$
612,348
1,277,772
1,167,182
876,554
$
2,015,902
$
1,912,458
$
1,488,902
December 31,
2009
2008
2007
240,188
$
215,412
$
173,138
64,210
86,339
89,244
33,530
47,307
12,891
(668
)
2,405
7,618
$
337,260
$
351,463
$
282,891
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
2009
2008
2007
$
97,876
$
68,096
$
34,910
9,087
35,975
30,949
34,581
3,238
(21,659
)
(4,810
)
(10,400
)
(220
)
(4,240
)
(1,165
)
(1,001
)
105,245
97,876
68,096
(6,883
)
(4,776
)
(6,943
)
$
98,362
$
93,100
$
61,153
(1)
(2)
Year Ended December 31,
2009
2008
2007
8.5
%
0.0
%
0.0
%
8.6
%
18.1
%
19.8
%
-0.4
%
0.3
%
-0.8
%
16.7
%
18.4
%
19.0
%
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
2009
2008
Non-U.S.
U.S.
Non-U.S.
U.S.
$
67,517
$
116,363
$
88,593
$
100,852
3,674
7,213
3,883
6,295
4,279
6,854
4,701
6,458
16,498
4,950
(13,551
)
5,678
(1,771
)
(2,863
)
(2,013
)
(2,920
)
544
355
4,247
(12,458
)
(1,993
)
$
94,988
$
132,517
$
67,517
$
116,363
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Year Ended December 31,
2009
2008
Non-U.S.
U.S.
Non-U.S.
U.S.
$
95,932
$
93,548
$
115,732
$
116,300
11,623
22,480
(8,780
)
(34,473
)
5,938
11,709
6,798
14,641
(1,364
)
(2,863
)
(2,013
)
(2,920
)
544
355
(407
)
5,074
(16,160
)
$
117,340
$
124,874
$
95,932
$
93,548
Year Ended December 31,
2009
2008
Non-U.S.
U.S.
Non-U.S.
U.S.
$
22,352
$
(7,643
)
$
28,415
$
(22,815
)
2009
2008
Non-U.S.
U.S.
Non-U.S.
U.S.
$
23,098
$
6,307
$
29,110
$
3,231
(443
)
(258
)
(746
)
(13,507
)
(695
)
(25,788
)
$
22,352
$
(7,643
)
$
28,415
$
(22,815
)
Year Ended December 31,
2009
2008
Non-U.S.
U.S.
Non-U.S.
U.S.
$
17,575
$
44,726
$
6,668
$
59,236
1,813
2,107
150
223
(4,869
)
(16,289
)
(1,976
)
(21,470
)
$
12,856
$
30,250
$
4,915
$
39,873
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Year Ended December 31,
2009
2008
2007
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
$
3,674
$
7,213
$
3,883
$
6,295
$
4,807
$
6,660
4,279
6,854
4,545
6,459
4,147
5,977
(5,377
)
(7,143
)
(6,642
)
(8,909
)
(5,251
)
(6,599
)
4,993
249
294
(21
)
391
397
73
624
162
4,124
349
323
1,520
(1,993
)
$
2,898
$
11,342
$
396
$
4,585
$
4,188
$
12,948
Year Ended December 31,
2009
2008
Non-U.S.
U.S.
Non-U.S.
U.S.
$
94,988
$
132,517
$
67,517
$
116,363
92,392
99,235
65,281
83,892
117,340
124,874
95,932
93,548
Year Ended December 31,
2009
2008
Non-U.S.
U.S.
Non-U.S.
U.S.
$
4,859
$
116,374
$
4,190
$
101,138
4,112
102,424
3,495
75,092
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Year Ended December 31,
2009
2008
Non-U.S.
U.S.
Non-U.S.
U.S.
$
4,516
$
5,784
$
3,912
$
3,270
4,112
3,495
Year Ended December 31,
2009
2008
Non-U.S.
U.S.
Non-U.S.
U.S.
5.3%-5.7
%
5.8%-6.0
%
5.8%-6.7
%
5.8%-6.0
%
3.9%-4.8
%
5.0
%
4.0
%
5.0
%
2009
2008
2007
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
5.3%-5.7
%
5.8%-6.0
%
5.3%-6.7
%
6.5
%
4.5%-6.0
%
5.8%-6.0
%
3.0%-6.5
%
7.8
%
4.5%-6.5
%
7.8
%
3.8%-6.5
%
7.8
%
3.9%-4.4
%
5.0
%
3.9%-4.0
%
5.0
%
3.9%-4.2
%
5.0
%
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
December 31, 2009
Estimated Fair Value
Measurements
Quoted
Significant
Prices in
Other
Significant
Active
Observable
Unobservable
Carrying
Markets
Inputs
Inputs
Amount
(Level 1)
(Level 2)
(Level 3)
$
39,433
$
39,433
$
$
$
73,795
$
73,795
$
$
$
4,112
$
$
$
4,112
$
117,340
$
113,228
$
$
4,112
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Carrying
Amount
$
3,556
429
275
(121
)
(27
)
$
4,112
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
December 31, 2009
Estimated Fair Value
Measurements
Quoted
Significant
Prices in
Other
Significant
Active
Observable
Unobservable
Carrying
Markets
Inputs
Inputs
Amount
(Level 1)
(Level 2)
(Level 3)
$
3,682
$
3,682
$
$
$
83,684
$
83,684
$
$
$
37,508
$
37,508
$
$
$
124,874
$
124,874
$
$
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
2009
2008
2007
$
$
2,219
$
3,217
(2,219
)
(2,954
)
417
1,956
$
417
$
$
2,219
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
December 31, 2009
Estimated Fair Value
Measurements
Quoted
Significant
Prices in
Other
Significant
Active
Observable
Unobservable
December 31, 2008
Carrying
Markets
Inputs
Inputs
Carrying
Estimated
Amount
(Level 1)
(Level 2)
(Level 3)
Amount
Fair Value
$
8,483
$
8,483
$
$
$
7,104
$
7,104
$
654
$
$
654
$
$
$
$
1,002
$
$
1,002
$
$
5,418
$
5,418
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Contract
Drilling
Services
Other
Total
$
3,607,219
$
33,565
$
3,640,784
398,573
9,740
408,313
2,008,704
2,040
2,010,744
(664
)
(1,021
)
(1,685
)
(337,470
)
210
(337,260
)
1,671,942
6,700
1,678,642
8,269,481
127,415
8,396,896
1,367,096
64,402
1,431,498
$
3,376,224
$
70,277
$
3,446,501
349,448
7,210
356,658
1,867,262
41,141
1,908,403
3,897
491
4,388
350,305
1,158
351,463
1,519,980
41,015
1,560,995
6,534,566
572,233
7,106,799
1,183,137
48,184
1,231,321
$
2,799,520
$
195,791
$
2,995,311
283,225
9,762
292,987
1,485,101
5,761
1,490,862
4,484
8,627
13,111
287,128
(4,237
)
282,891
1,194,826
11,185
1,206,011
5,514,337
361,669
5,876,006
1,222,360
64,683
1,287,043
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Revenues
Identifiable Assets
Year Ended December 31,
As of December 31,
2009
2008
2007
2009
2008
2007
$
811,538
$
676,225
$
671,482
$
2,649,411
$
2,045,968
$
1,963,608
11,976
372,750
268,778
221,498
2,275,550
848,455
582,480
57,635
33,338
37,953
36,039
15,540
21,040
22,613
261,469
797,854
646,995
127,149
69,417
72,650
41,226
24,377
41,662
115,669
30,693
257,087
31,727
121,604
80,669
76,209
67,905
107,911
83,576
49,135
132,572
219,391
839,312
678,001
452,161
796,570
823,462
410,645
153,948
304,844
402,130
80,579
136,545
417,647
348,028
438,754
322,708
384,725
481,724
472,679
578,500
905,107
467,678
38,483
333,440
303,313
235,595
387,516
69,837
98,233
68,348
186,601
144,444
132,247
243,640
351,989
237,418
285,902
329,702
410,149
343,792
284,474
228
375
$
3,640,784
$
3,446,501
$
2,995,311
$
8,396,896
$
7,106,799
$
5,876,006
(1)
(2)
(3)
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Table of Contents
(in thousands)
Table of Contents
(in thousands)
Table of Contents
(in thousands)
Other
Non-guarantor
Noble-
NHC and NDH
Subsidiaries
Consolidating
Cayman
Combined
NDC
NHIL
NDS6
of Noble
Adjustments
Total
$
$
145,687
$
40,366
$
$
$
3,386,684
$
(62,982
)
$
3,509,755
1,904
97,297
99,201
30,298
30,298
57
2
1,098
1,157
147,648
40,368
3,515,377
(62,982
)
3,640,411
956
33,587
7,070
53
1,028,080
(62,982
)
1,006,764
1,070
83,965
85,035
18,827
18,827
32,158
8,535
367,620
408,313
19,394
2,595
436
36,118
58,543
30,839
30,839
20,350
69,410
16,041
53
1,565,449
(62,982
)
1,608,321
(20,350
)
78,238
24,327
(53
)
1,949,928
2,032,090
1,687,701
1,424,822
477,366
1,296,329
224,535
(5,110,753
)
31,334
(63,316
)
(17,299
)
(44,114
)
(2,541
)
(7,420
)
101,671
(1,685
)
1,313
(459
)
2
107,625
(101,671
)
6,810
1,699,998
1,439,285
484,396
1,252,162
221,994
2,050,133
(5,110,753
)
2,037,215
383
(7,082
)
(330,135
)
(336,834
)
$
1,700,381
$
1,432,203
$
484,396
$
1,252,162
$
221,994
$
1,719,998
$
(5,110,753
)
$
1,700,381
Table of Contents
(in thousands)
Other
Non-guarantor
Noble-
NHC and NDH
Subsidiaries
Consolidating
Cayman
Combined
NDC
NHIL
of Noble
Adjustments
Total
$
$
251,285
$
46,742
$
$
3,101,523
$
(100,700
)
$
3,298,850
1,701
214
88,934
90,849
55,078
55,078
(8
)
1
1,731
1,724
252,978
46,957
3,247,266
(100,700
)
3,446,501
22,789
38,014
19,095
51
1,032,633
(100,700
)
1,011,882
1,227
195
77,905
79,327
42,573
42,573
34,025
6,947
315,686
356,658
9,713
5,886
1,550
56,994
74,143
(26,485
)
(26,485
)
32,502
79,152
27,787
51
1,499,306
(100,700
)
1,538,098
(32,502
)
173,826
19,170
(51
)
1,747,960
1,908,403
1,617,587
1,465,802
452,252
1,004,775
(4,540,416
)
(31,071
)
(71,199
)
(25,552
)
(2,060
)
36,904
88,590
(4,388
)
8,732
2,428
85,873
(88,590
)
8,443
1,562,746
1,570,857
445,870
1,002,664
1,870,737
(4,540,416
)
1,912,458
(1,751
)
8,280
(18,996
)
(338,996
)
(351,463
)
$
1,560,995
$
1,579,137
$
426,874
$
1,002,664
$
1,531,741
$
(4,540,416
)
$
1,560,995
Table of Contents
(in thousands)
Other
Non-guarantor
Noble-
NHC and NDH
Subsidiaries
Consolidating
Cayman
Combined
NDC
NHIL
of Noble
Adjustments
Total
$
$
172,992
$
59,364
$
$
2,558,101
$
(76,207
)
$
2,714,250
681
832
119,728
121,241
156,508
156,508
6
3,306
3,312
173,679
60,196
2,837,643
(76,207
)
2,995,311
20,939
31,003
28,070
22
876,222
(76,207
)
880,049
582
819
104,551
105,952
125,624
125,624
400
17,120
17,520
25,968
5,610
261,409
292,987
13,893
4,059
1,289
66,590
85,831
(3,514
)
(3,514
)
34,832
61,612
36,188
22
1,448,002
(76,207
)
1,504,449
(34,832
)
112,067
24,008
(22
)
1,389,641
1,490,862
1,313,963
1,162,384
574,976
759,668
(3,810,991
)
(82,605
)
(45,873
)
(25,552
)
37,613
103,306
(13,111
)
8,061
(195
)
(3
)
106,594
(103,306
)
11,151
1,204,587
1,228,383
573,429
759,646
1,533,848
(3,810,991
)
1,488,902
1,424
15,617
(28,075
)
(271,857
)
(282,891
)
$
1,206,011
$
1,244,000
$
545,354
$
759,646
$
1,261,991
$
(3,810,991
)
$
1,206,011
Table of Contents
(in thousands)
Other
Non-guarantor
Noble-
NHC and NDH
Subsidiaries
Consolidating
Cayman
Combined
NDC
NHIL
NDS6
of Noble
Adjustments
Total
$
21,010
$
47,633
$
28,943
$
(15,445
)
$
749
$
1,847,487
$
$
1,930,377
(717,148
)
(16,037
)
(733,811
)
(1,466,996
)
(45,600
)
45,600
20,963
44,159
342,500
(407,622
)
(45,600
)
(696,185
)
28,122
(391,311
)
(362,022
)
(1,466,996
)
(150,000
)
(22,700
)
(172,700
)
401,699
690,875
92,909
15,445
(749
)
(1,200,179
)
(300,000
)
(42,500
)
(19,522
)
362,022
(60,867
)
(60,867
)
(16,900
)
(16,900
)
23,932
648,375
(57,091
)
15,445
(749
)
(1,242,401
)
362,022
(250,467
)
(658
)
(177
)
(26
)
213,775
212,914
661
445
26
512,179
513,311
$
3
$
268
$
$
$
$
725,954
$
$
726,225
Table of Contents
(in thousands)
Other
Non-guarantor
Noble-
NHC and NDH
Subsidiaries
Consolidating
Cayman
Combined
NDC
NHIL
of Noble
Adjustments
Total
$
591
$
189,669
$
(8,030
)
$
(2,053
)
$
1,708,015
$
$
1,888,192
(799,736
)
(9,350
)
(381,405
)
(1,190,491
)
21,065
(21,065
)
(315,600
)
315,600
61,198
61,198
(799,736
)
(9,350
)
(614,742
)
294,535
(1,129,293
)
30,000
30,000
(130,000
)
(130,000
)
(10,335
)
(10,335
)
317,475
631,577
17,333
(247,185
)
(719,200
)
315,600
(315,600
)
(21,065
)
21,065
249,238
249,238
(244,198
)
(244,198
)
(314,122
)
(314,122
)
12,771
12,771
(12,474
)
610,512
17,333
2,053
(729,535
)
(294,535
)
(406,646
)
(11,883
)
445
(47
)
363,738
352,253
12,544
73
148,441
161,058
$
661
$
445
$
26
$
$
512,179
$
$
513,311
Table of Contents
(in thousands)
Other
Non-guarantor
Noble-
NHC and NDH
Subsidiaries
Consolidating
Cayman
Combined
NDC
NHIL
of Noble
Adjustments
Total
$
(85,936
)
$
125,206
$
(19,495
)
$
(22
)
$
1,394,620
$
$
1,414,373
(632,116
)
(8,801
)
(600,866
)
(1,241,783
)
708,626
(708,626
)
(1,474,300
)
1,474,300
(127,747
)
(727,747
)
855,494
17,910
17,910
(127,747
)
(1,359,863
)
(8,801
)
(1,348,630
)
1,621,168
(1,223,873
)
685,000
685,000
(685,000
)
(685,000
)
135,000
85,000
220,000
(35,000
)
(85,000
)
(120,000
)
(9,630
)
(9,630
)
200,991
530,500
(56,631
)
22
(674,882
)
789,300
600,000
85,000
(1,474,300
)
(685,000
)
(23,626
)
708,626
127,747
727,747
(855,494
)
(32,197
)
(32,197
)
(195,797
)
(195,797
)
46,472
46,472
223,769
1,234,621
28,369
22
43,235
(1,621,168
)
(91,152
)
10,086
(36
)
73
89,225
99,348
2,458
36
59,216
61,710
$
12,544
$
$
73
$
$
148,441
$
$
161,058
Table of Contents
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)
Quarter Ended
March 31
June 30
Sept. 30
Dec. 31
$
896,151
$
898,872
$
905,635
$
940,126
514,101
485,812
504,413
506,418
414,295
391,849
426,083
446,415
1.58
1.50
1.63
1.72
1.58
1.49
1.63
1.72
Quarter Ended
March 31
June 30
Sept. 30
Dec. 31
$
861,425
$
812,941
$
861,981
$
910,154
466,503
460,145
467,650
514,105
384,188
375,718
382,522
418,567
1.43
1.40
1.43
1.59
1.42
1.39
1.42
1.58
(1)
Table of Contents
ITEM 9.
ITEM 9A.
ITEM 9B.
Table of Contents
ITEM 10.
Name
Age
Position
52
Chairman, President and Chief Executive Officer
53
Executive Vice President and Corporate Secretary
49
Senior Vice President, Chief Financial Officer, Treasurer and Controller
51
Senior Vice President Operations
60
Senior Vice President Marketing and Contracts
50
Senior Vice President Engineering
46
Senior Vice President and General Counsel
Table of Contents
ITEM 11.
ITEM 12.
ITEM 13.
Table of Contents
ITEM 14.
ITEM 15.
(a)
(1)
(2)
(3)
Table of Contents
NOBLE CORPORATION, a Swiss Corporation
Date: February 26, 2010
By:
/s/ DAVID W. WILLIAMS
David W. Williams, Chairman of the Board,
President and Chief Executive Officer
Signature
Capacity In Which Signed
Date
Chairman of the Board, President and Chief
Executive Officer
(Principal Executive Officer)
February 26, 2010
Senior Vice President, Chief
Financial Officer,
February 26, 2010
Treasurer and Controller
(Principal Financial and Accounting
Officer)
Director
February 26, 2010
Director
February 26, 2010
Director
February 26, 2010
Director
February 26, 2010
Director
February 26, 2010
Director
February 26, 2010
Director
February 26, 2010
Director
February 26, 2010
Table of Contents
NOBLE CORPORATION, a Cayman Islands company
Date: February 26, 2010
By:
/s/ DAVID W. WILLIAMS
David W. Williams,
President and Chief Executive Officer
and Director
Signature
Capacity In Which Signed
Date
President and Chief Executive Officer and Director
(Principal
Executive Officer)
February 26, 2010
Vice President and Chief
Financial Officer
February 26, 2010
and Director
(Principal Financial and Accounting
Officer)
Director
February 26, 2010
Director
February 26, 2010
Table of Contents
Exhibit
Number
Exhibit
2.1
2.2
3.1
3.2
3.3
4.1
4.2
4.3
4.4
4.5
Table of Contents
Exhibit
Number
Exhibit
4.6
4.7
4.8
4.9
4.10
4.11
4.12
4.13
4.14
4.15
4.16
Table of Contents
Exhibit
Number
Exhibit
4.17
10.1
*
10.2
*
10.3
*
10.4
*
10.5
*
10.6
*
10.7
*
10.8
*
10.9
*
10.10
*
10.11
*
10.12
*
10.13
*
Table of Contents
Exhibit
Number
Exhibit
10.14
*
10.15
*
10.16
*
10.17
*
10.18
*
10.19
*
10.20
*
10.21
*
10.22
*
10.23
*
10.24
*
10.25
*
10.26
*
10.27
*
Table of Contents
Exhibit
Number
Exhibit
10.28
*
10.29
*
14.1
21.1
23.1
23.2
31.1
31.2
31.3
32.1
+
32.2
+
32.3
101
+
*
+
- 2 -
- 3 -
- 4 -
NOBLE CORPORATION
|
||||
By: | /s/ Julie J. Robertson | |||
Julie J. Robertson | ||||
Executive Vice President and
Corporate Secretary |
- 5 -
- 2 -
- 3 -
- 4 -
- 5 -
- 6 -
- 7 -
- 8 -
- 9 -
- 10 -
- 11 -
- 12 -
- 13 -
- 14 -
- 15 -
- 16 -
- 17 -
- 18 -
- 19 -
- 20 -
- 21 -
- 22 -
- 23 -
SUBSIDIARY NAME | INCORPORATED OR ORGANIZED IN: | |
Noble Services (Switzerland) LLC (1)
|
Switzerland | |
Noble Corporation (Cayman) (1)
|
Cayman Islands | |
Noble Financing Services Limited (1)
|
Cayman Islands | |
Noble Aviation LLC (2)
|
Switzerland | |
Noble NDC Holding (Cyprus) Limited (3)
|
Cyprus | |
Noble Holding International (Luxembourg NHIL) S.à r.l (3)
|
Luxembourg | |
Noble Holding International (Luxembourg) S.à r.l (3)
|
Luxembourg | |
Noble Drilling (Luxembourg) S.à r.l (4)
|
Luxembourg | |
Noble Holding SCS (5)
|
Luxembourg | |
Noble Drilling (Cyprus) Limited (6)
|
Cyprus | |
Noble Downhole Technology Ltd. (6)
|
Cayman Islands | |
Noble Holding (U.S.) Corporation (7)
|
Delaware | |
Noble Drilling Holding GmbH (8)
|
Switzerland | |
Noble Holding International LLC (9)
|
Delaware | |
Noble Holding International SCA (10)
|
Luxembourg | |
Noble Drilling (Deutschland) GmbH (11)
|
Germany | |
Noble Technology (Canada) Ltd. (11)
|
Alberta, Canada | |
Noble Engineering & Development de Venezuela C.A. (11)
|
Venezuela | |
Maurer Technology Incorporated (12)
|
Delaware | |
Noble Drilling Corporation (12)
|
Delaware | |
Noble Brasil Investimentos E Participacoes Ltda. (13)
|
Brazil | |
WELLDONE Engineering GmbH (14)
|
Germany | |
Triton Engineering Services Company (15)
|
Delaware | |
Noble Drilling International Inc. (15)
|
Delaware | |
Noble Drilling Services Inc. (15)
|
Delaware | |
Noble Drilling (U.S.) LLC (15)
|
Delaware | |
Noble Drilling Services 2 LLC (15)
|
Delaware | |
Noble Drilling Services 3 LLC (15)
|
Delaware | |
Noble Holding International Limited (16)
|
Cayman Islands | |
Triton International, Inc. (17)
|
Delaware | |
Triton Engineering Services Company, S.A. (17)
|
Venezuela | |
Noble Drilling (Canada) Ltd. (18)
|
Alberta, Canada | |
Noble Drilling International (Cayman) Ltd. (19)
|
Cayman Islands | |
Noble John Sandifer LLC (20)
|
Delaware | |
Noble Drilling Exploration Company (20)
|
Delaware | |
Noble (Gulf of Mexico) Inc. (20)
|
Delaware | |
Noble Drilling (Jim Thompson) LLC (20)
|
Delaware | |
Noble Johnnie Hoffman LLC (20)
|
Delaware | |
Noble Drilling Americas LLC (21)
|
Delaware | |
Noble Drilling Holding LLC (21)
|
Delaware | |
Noble International Services LLC (21)
|
Delaware | |
Noble North Africa Limited (21)
|
Cayman Islands | |
Noble Drilling Services 6 LLC (21)
|
Delaware | |
Triton International de Mexico S.A. de C.V. (22)
|
Mexico | |
Bawden Drilling Inc. (23)
|
Delaware | |
Bawden Drilling International Ltd. (23)
|
Bermuda | |
Noble International Limited (24)
|
Cayman Islands | |
International Directional Services Ltd. (24)
|
Bermuda | |
Noble Enterprises Limited (24)
|
Cayman Islands | |
Noble Mexico Services Limited (24)
|
Cayman Islands | |
Noble-Neddrill International Limited (24)
|
Cayman Islands | |
Noble Asset Company Limited (24)
|
Cayman Islands | |
Noble Asset (U.K.) Limited (24)
|
Cayman Islands | |
Noble Drilling (Nigeria) Ltd. (24)
|
Nigeria | |
Noble Drilling (Paul Wolff) Ltd. (24)
|
Cayman Islands | |
Noble do Brasil Ltda. (25)
|
Brazil | |
Noble Mexico Limited (24)
|
Cayman Islands | |
Noble International Finance Company (24)
|
Cayman Islands | |
Noble Drilling (TVL) Ltd. (24)
|
Cayman Islands | |
Noble Drilling (Carmen) Limited (24)
|
Cayman Islands | |
Noble Gene Rosser Limited (24)
|
Cayman Islands |
Page 1 of 3
SUBSIDIARY NAME | INCORPORATED OR ORGANIZED IN: | |
Noble Campeche Limited (24)
|
Cayman Islands | |
Noble Offshore Mexico Limited (24)
|
Cayman Islands | |
Noble Offshore Contracting Limited (24)
|
Cayman Islands | |
Noble Dave Beard Limited (24)
|
Cayman Islands | |
Sedco Dubai LLC (26)
|
Dubai, UAE | |
Noble (Middle East) Limited (24)
|
Cayman Islands | |
Noble Drilling Holdings (Cyprus) Limited (24)
|
Cyprus | |
Noble Earl Frederickson LLC (27)
|
Delaware | |
Noble Bill Jennings LLC (27)
|
Delaware | |
Noble Leonard Jones LLC (27)
|
Delaware | |
Noble Asset Mexico LLC (27)
|
Delaware | |
Noble Drilling Services 7 LLC (27)
|
Delaware | |
Noble Drilling Leasing S.à r.l (27)
|
Luxembourg | |
Resolute Insurance Group Ltd. (28)
|
Bermuda | |
Noble Drilling Arabia Limited (29)
|
Saudi Arabia | |
Noble Drilling de Venezuela C.A. (30)
|
Venezuela | |
Noble Offshore de Venezuela C.A. (30)
|
Venezuela | |
Noble Drilling International Services Pte. Ltd. (31)
|
Singapore | |
Noble Drilling (Malaysia) Sdn. Bhd. (31)
|
Malaysia | |
Noble Drilling International Ltd. (31)
|
Bermuda | |
TSIA International (Antilles) N.V. (32)
|
The Netherland Antilles | |
Arktik Drilling Limited, Inc. (33)
|
Bahamas | |
Noble Rochford Drilling (North Sea) Ltd. (32)
|
Cayman Islands | |
Noble Drilling Asset (M.E.) Ltd. (32)
|
Cayman Islands | |
Noble Management Services S. de R.L. de C.V. (34)
|
Mexico | |
Noble Drilling (N.S.) Limited (35)
|
Scotland | |
Noble Drilling (Denmark) ApS (35)
|
Denmark | |
Noble Contracting GmbH (35)
|
Switzerland | |
Noble Holding Europe S.à r.l (35)
|
Luxembourg | |
Noble Leasing (Switzerland) GmbH (35)
|
Switzerland | |
Noble Leasing II (Switzerland) GmbH (35)
|
Switzerland | |
Noble Carl Norberg S.à r.l (36)
|
Luxembourg | |
Noble Operating (M.E.) Ltd. (37)
|
Cayman Islands | |
Noble Drilling (Land Support) Limited (38)
|
Scotland | |
Noble Drilling (Nederland) B.V. (39)
|
The Netherlands | |
Noble Drilling Norway AS (40)
|
Norway | |
Noble Leasing III (Switzerland) GmbH (41)
|
Switzerland |
1 |
100% owned by Noble Corporation
|
|
2 |
100% owned by Noble Services (Switzerland) LLC
|
|
3 |
100% owned by Noble Corporation (Cayman)
|
|
4 |
100% owned by Noble NDC Holding (Cyprus) Limited
|
|
5 |
Partnerhsip owned equally by Noble Holding International (Luxembourg NHIL) S.à r.l, Noble Holding
International (Luxembourg) S.à r.l and Noble Drilling Corporation
|
|
6 |
100% owned by Noble Holding International (Luxembourg) S.à r.l
|
|
7 |
42.44% owned by Noble Drilling (Luxembourg) S.à r.l, 57.56% owned by Noble Drilling International (Cayman) Ltd.
|
|
8 |
100% owned by Noble Drilling (Luxembourg) S.à r.l
|
|
9 |
100% owned by Noble Holding SCS
|
|
10 |
99.9% owned by Noble Holding SCS, 0.1% owned by Noble Holding International LLC
|
|
11 |
100% owned by Noble Downhole Technology Ltd.
|
|
12 |
100% owned by Noble Holding (U.S.) Corporation
|
|
13 |
99% owned by Noble Drilling Holding GmbH, 1% owned by Noble Drilling Holding LLC
|
|
14 |
100% owned by Noble Drilling (Deutschland) GmbH
|
|
15 |
100% owned by Noble Drilling Corporation
|
|
16 |
100% owned by Noble Holding International SCA
|
|
17 |
100% owned by Triton Engineering Services Company
|
|
18 |
100% owned by Noble Drilling International Inc.
|
|
19 |
95% owned by Noble Drilling International Inc., 5% owned by Noble Drilling (U.S.) LLC
|
|
20 |
100% owned by Noble Drilling (U.S.) LLC
|
|
21 |
100% owned by Noble Holding International Limited
|
|
22 |
100% owned by Triton International, Inc.
|
Page 2 of 3
23 |
100% owned by Noble Drilling (Canada) Ltd.
|
|
24 |
99.5% owned by Noble Drilling Holding LLC, 0.5% owned by Noble Operating (M.E.) Ltd.
|
|
25 |
99% owned by Noble Drilling Holding LLC, 1% owned by Noble Asset Company Limited
|
|
26 |
Joint venture (owned 49% by Noble Drilling Holding LLC)
|
|
27 |
100% owned by Noble Drilling Services 6 LLC
|
|
28 |
100% owned by Bawden Drilling International Ltd.
|
|
29 |
50% owned by Noble International Limited
|
|
30 |
100% owned by Noble International Limited
|
|
31 |
100% owned by Noble Enterprises Limited (70% in the case of Noble Drilling (Malaysia) Sdn. Bhd.)
|
|
32 |
100% owned by Noble Asset Company Limited
|
|
33 |
Joint venture (owned 82% by Noble Asset Company Limited)
|
|
34 |
99% owned by Noble Offshore Contracting Limited, 1% owned by Noble Drilling (Carmen) Limited
|
|
35 |
100% owned by Noble Drilling Holdings (Cyprus) Limited
|
|
36 |
100% owned by Noble Drilling Leasing S.à r.l
|
|
37 |
100% owned by Noble Drilling Asset (M.E.) Ltd.
|
|
38 |
100% owned by Noble Drilling (N.S.) Limited
|
|
39 |
100% owned by Noble Drilling (Denmark) ApS
|
|
40 |
100% owned by Noble Holding Europe S.à r.l
|
|
41 |
99% owned by Noble Carl Norberg S.à r.l, 1% owed by Noble Leasing II (Switzerland) GmbH
|
Page 3 of 3
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333-133601,
333-133599, 33-46724-99, 33-57675-99, 33-62394-99, 333-17407-99, 333-25857-99, 333-53912-99, 333-80511-99, 333-107450,
and 333-107451) of Noble Corporation, a Swiss corporation (Noble-Swiss) of our report dated February 26, 2010
relating to the consolidated financial statements and the effectiveness of internal control over financial reporting of
Noble-Swiss, which appears in this
Form 10-K.
/s/ PricewaterhouseCoopers LLP
Houston, Texas
1
February 26, 2010
Exhibit 23.2
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in the Registration Statement on Form S-3 (No. 333-155421) of Noble
Corporation, a Cayman Islands company (Noble-Cayman) of our report dated February 26, 2010 relating to the
consolidated financial statements and the effectiveness of internal control over financial reporting of Noble-Cayman,
which appears in this Form 10-K.
/s/ PricewaterhouseCoopers LLP
Houston, Texas
2
February 26, 2010
1. |
I have reviewed this annual report on Form 10-K of Noble Corporation;
|
||
2. |
Based on my knowledge, this report does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of
the circumstances under which such statements were made, not misleading with respect to the
period covered by this report;
|
||
3. |
Based on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all material respects the financial condition,
results of operations and cash flows of the registrant as of, and for, the periods
presented in this report;
|
||
4. |
The registrants other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a) |
Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;
|
||
b) |
Designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;
|
||
c) |
Evaluated the effectiveness of the registrants disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and
|
||
d) |
Disclosed in this report any change in the registrants
internal control over financial reporting that occurred during the registrants
most recent fiscal quarter (the registrants fourth fiscal quarter) that has
materially affected, or is reasonably likely to materially affect, the
registrants internal control over financial reporting; and
|
5. |
The registrants other certifying officer and I have disclosed, based on our most
recent evaluation of internal control over financial reporting, to the registrants
auditors and the audit committee of the registrants board of directors:
|
a) |
All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrants ability to record,
process, summarize and report financial information; and
|
||
b) |
Any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrants internal
control over financial reporting.
|
/s/ David W. Williams
|
||
Chairman, President and Chief Executive Officer
|
||
of Noble Corporation, a Swiss corporation, and
|
||
President and Chief Executive Officer
|
||
of Noble Corporation, a Cayman Islands company
|
1. |
I have reviewed this annual report on Form 10-K of Noble Corporation;
|
||
2. |
Based on my knowledge, this report does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of
the circumstances under which such statements were made, not misleading with respect to the
period covered by this report;
|
||
3. |
Based on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all material respects the financial condition,
results of operations and cash flows of the registrant as of, and for, the periods
presented in this report;
|
||
4. |
The registrants other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a) |
Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;
|
||
b) |
Designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;
|
||
c) |
Evaluated the effectiveness of the registrants disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and
|
||
d) |
Disclosed in this report any change in the registrants
internal control over financial reporting that occurred during the registrants
most recent fiscal quarter (the registrants fourth fiscal quarter) that has
materially affected, or is reasonably likely to materially affect, the
registrants internal control over financial reporting; and
|
5. |
The registrants other certifying officer and I have disclosed, based on our most
recent evaluation of internal control over financial reporting, to the registrants
auditors and the audit committee of the registrants board of directors:
|
a) |
All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrants ability to record,
process, summarize and report financial information; and
|
||
b) |
Any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrants internal
control over financial reporting.
|
/s/ Thomas L. Mitchell
|
||
Senior Vice President, Chief Financial Officer, Treasurer and Controller
|
||
of Noble Corporation, a Swiss corporation
|
1. |
I have reviewed this annual report on Form 10-K of Noble Corporation;
|
||
2. |
Based on my knowledge, this report does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of
the circumstances under which such statements were made, not misleading with respect to the
period covered by this report;
|
||
3. |
Based on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all material respects the financial condition,
results of operations and cash flows of the registrant as of, and for, the periods
presented in this report;
|
||
4. |
The registrants other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a) |
Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;
|
||
b) |
Designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;
|
||
c) |
Evaluated the effectiveness of the registrants disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and
|
||
d) |
Disclosed in this report any change in the registrants
internal control over financial reporting that occurred during the registrants
most recent fiscal quarter (the registrants fourth fiscal quarter) that has
materially affected, or is reasonably likely to materially affect, the
registrants internal control over financial reporting; and
|
5. |
The registrants other certifying officer and I have disclosed, based on our most
recent evaluation of internal control over financial reporting, to the registrants
auditors and the audit committee of the registrants board of directors:
|
a) |
All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrants ability to record,
process, summarize and report financial information; and
|
||
b) |
Any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrants internal
control over financial reporting.
|
/s/ Dennis J. Lubojacky
|
||
Vice President and Chief Financial Officer
|
||
of Noble Corporation, a Cayman Islands company
|
(1) |
The Report fully complies with the requirements of section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and
|
||
(2) |
The information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.
|
February 26, 2010 | /s/ David W. Williams | |||
David W. Williams | ||||
Chairman, President and Chief Executive Officer
of Noble Corporation, a Swiss corporation, and President and Chief Executive Officer of Noble Corporation, a Cayman Islands company |
||||
(1) |
The Report fully complies with the requirements of section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and
|
||
(2) |
The information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.
|
February 26, 2010 | /s/ Thomas L. Mitchell | |||
Thomas L. Mitchell | ||||
Senior Vice President, Chief Financial Officer, Treasurer and
Controller of Noble Corporation, a Swiss corporation |
(1) |
The Report fully complies with the requirements of section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and
|
||
(2) |
The information contained in the Report fairly presents, in all material
respects, the financial condition and results of operations of the Company.
|
February 26, 2010 | /s/ Dennis J. Lubojacky | |||
Dennis J. Lubojacky | ||||
Vice President and Chief Financial Officer
of Noble Corporation, a Cayman Islands company |
||||