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Noble, Shell sign letter of intent for newbuild drillship

A subsidiary of Noble Corp has signed a letter of intent with a Shell subsidiary for a drilling contract on a newbuild ultra-deepwater drillship. The five-and-a-half year contract is expected to commence in the second half of 2013. The drillship will be capable of working in 10,000-ft water depth and will have 200-man quarters and DP-3 station keeping.

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