Noble forms JV for jack-up

Company News - June 30, 2000

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Noble Drilling and CROSCO, a well services firm that is part of Croatia's oil and gas firm Ina, have formed a joint venture (JV).

Together, the partners in the JV will operate the 300ft jack-up rig Panon, which they plan to mobilise from the Mediterranean to the Arabian Gulf where it will be upgraded into a cantilevered unit in time for it to enter service early next year.

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