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Sunday, July 4, 2010

20050408 Banks backing Noble corp.- deep ocean oil drilling that has platform now renting to Mexico.... and UBS LOAN FINANCE LLC --- 26 Banks, total....

About the time that Grupo Mexico's ASARCO declared bankruptcy, and went from an "Inc." to an "llc.":

20050408 Banks backing Noble corp.- deep ocean oil drilling that has platform now renting to Mexico.... and UBS LOAN FINANCE LLC --- 26 Banks, total....

"EXECUTION COPY CREDIT AGREEMENTParties: BANK OF AMERICA, N.A. | BANK OF NEW YORK | BANK OF TOKYO-MITSUBISHI, LTD. | CITIBANK, NA | COMERICA BANK | DEUTSCHE BANK AG | DEUTSCHE BANK SECURITIES INC | DNB NOR BANK | FORTIS CAPITAL CORP | HARRIS NESBITT FINANCING, INC | HSBC BANK USA, NATIONAL ASSOCIATION | ING CAPITAL LLC | JP MORGAN SECURITIES INC | JPMORGAN CHASE BANK, NA | KBC BANK NV | MIZUHO CORPORATE BANK, LTD | MORGAN STANLEY BANK | NOBLE ENERGY, INC | ROYAL BANK OF SCOTLAND PLC | SECTION 711 Financial | SUMITOMO MITSUI BANKING CORPORATION | SUNTRUST BANK | UBS LOAN FINANCE LLC | UFJ BANK | US BANK NATIONAL ASSOCIATION | WACHOVIA BANK, NATIONAL ASSOCIATION | WELLS FARGO BANK, NA
Law Firm: Thompson Knight;Mayer Brown
Document Date: 4/8/2005
Industry: OILPRD
Sector: ENERGY
Governing Law:Texas
http://agreements.realdealdocs.com/Thompson-Knight-law-firm/



Well, well…
From two years ago: July 28 2008
By richmx2
"Petróleos Mexicanos will pay $484,000 a day to Noble Corp. for an oil rig that will allow the company to drill in waters up to 7,000 feet deep for the first time.
Pemex, as Mexico’s state oil company is known, will take delivery of the Noble Max Smith rig in August under a three-year contract, Noble Corp. said in a statement.

The rig is being moved to Mexico from the U.S. Gulf of Mexico following upgrades and maintenance."


JUNE 28 2010 "Noble Corp (NE.N) said it would buy Norway's privately held Frontier Drilling for $2.16 billion"

"Noble's all-cash acquisition of Frontier, officially known as FDR Holdings Ltd, will add to cash flow immediately and to earnings from early 2011, the company said...Carlyle Group [owns 20% of Grupo Mexico who owns ASARCO] and Riverstone Holdings are investors in Frontier....Frontier, which is domiciled in Norway and headquartered in Houston, is building two ultra-deepwater drillships designed to operate in Arctic waters under a partnership with Shell."

http://www.reuters.com/article/idUSTRE65R2C520100628