noble corporation

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Noble Corporation, one of the largest offshore drilling contractors in the world today :
NOBLE CORPORATION's proactive style of management has guided it from a one rig operation in 1921 to one of the largest offshore drilling contractors in the world today. NOBLE CORPORATION growth since the time of its spin-off from Noble Affiliates in 1985 has come about through a series of strategic acquisitions of offshore drilling assets and ancillary, non-capital intensive businesses around the world. These acquisitions follow the goals originally set forth in 1985 - to gain a strong position in foreign drilling markets, to expand marine drilling operations and to move into new markets and segments of the industry, preparing the Company to take advantage of an improved marketplace. Noble has been successful by maintaining a conservative financial policy, positioning itself to adapt to the ever changing world energy market and meeting customers' needs and demands. At the same time, the Company has assimilated an

experienced and well trained work force. Lloyd Noble set the tone for the Company's employee-oriented attitude in A Legacy for Management when he said "It has been my further belief that it was the duty of the management, and to that end my mind has been constantly surcharged, to so build the organization that when men evidenced capabilities to give them a part of my work and find other tasks to do which might result in increased benefits to the organization, or step aside; and, on the other hand, should death intervene, to have matters so arranged that I would be missed personally, while the machinery continued to function smoothly.