De Minimis Assets of Offshore Drilling Contractor Business

Sale of De minimis Assets of Noble Corporation plc and its affiliated sellers (collectively the “Sellers”), which may include certain non-operating rigs, in addition to any ancillary or unwanted equipment that the sellers no longer need for their business. These rigs may be cold-stacked and would require significant investment in refurbishing and repair costs, with certain rigs anticipated to cost tens of millions of dollars in order to be placed back into service. The De Minimis Assets are also a drain on estate resources, as such ownership may necessitate substantial carrying costs including maintenance and storage fees.