Noble Drilling plans on a round of layoffs as it prepares to stack a semi-submersible rig, according to Rigzone.
In a letter sent to the Texas Workforce Commission, the company says it will lay off between 120-130 employees and stack its Noble Jim Day rig.
The Sugar Land-based company is set to begin layoffs January 26. The process will take about two weeks to complete.
In the letter, the company said it plans to keep some employees on the rig’s stacking location. Noble also added that it may be able to bring back some employees in the future, but anticipates layoffs to be permanent.
The Noble Jim Day is a Bingo 9000 rig design and is located in the Gulf of Mexico. It was built in 1999 and is operated by Shell. Its contract expires in January.
Noble focuses largely on ultra-deepwater and high-specification jackup drilling.
According to Noble’s fleet status report for Nov. 19, the company operates jackups, drillships and semi-submersibles. It has 13 rigs in the western hemisphere and 19 in the eastern hemisphere.