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NOBLE DRILLING ANNOUNCES LONG-TERM DRILLING CONTRACTS

 HOUSTON, Nov. 19 /PRNewswire/ -- Noble Drilling (NASDAQ-NMS: NDCO) announced the signing of drilling contracts for two of its offshore jackup drilling rigs with Lagoven, a division of Petroleos de Venezuela, the national oil company of Venezuela.
 The rigs, the Dick Favor and the Carl Norberg, are being contracted for a minimum term of one-year with options to extend the contract at mutually agreed terms. Both rigs will work in Lake Maracaibo in Venezuela beginning in January 1994.
 The Dick Favor is undergoing reactivation in the Gulf of Mexico and is scheduled to depart the Gulf of Mexico for Venezuela by mid-December and to arrive and begin drilling in Lake Maracaibo by January.
 The Carl Norberg is presently stacked offshore Gabon in West Africa. The Carl Norberg, formerly named the Western Triton I, is one of the nine offshore jackup rigs acquired by the company from The Western Company of North America on Oct. 7, 1993. The rig will begin its mobilization to Venezuela later this month aboard a heavy-lift vessel and is expected to arrive and begin drilling in Lake Maracaibo also in January 1994.
 Noble Drilling is a major drilling contractor providing offshore and onshore services worldwide with operations in the United States, Canada, the United Kingdom, Africa, the Middle East, the Far East, South America and Mexico. The company's outstanding common stock and preferred stock are traded in the NASDAQ/NMS under the symbols "NDCO" and "NDCOP," respectively.
 -0- 11/19/93
 /CONTACT: Byron Welliver, senior vice president - finance and treasurer of Noble Drilling Corporation, 713-974-3131/
 (NDCO)


CO: Noble Drilling; Lagoven ST: Texas IN: OIL SU: CON

MP -- NY071 -- 6641 11/19/93 15:44 EST
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Publication:PR Newswire
Date:Nov 19, 1993
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