Noble Corporation (NE) Q4 2010 Earnings Conference Call January 27, 2011 9:00 AM ET Executives Lee Ahlstrom – VP, IR and Planning David Williams – President, Chairman and CEO Tom Mitchell – CFO Roger Hunt – SVP, Marketing and Contracts Analysts Joe Hill – Tudor Pickering Kurt Hallead – RBC Capital Ian McPherson – Simmons Mike Urban – Deutsche Bank Dave Wilson – Howard Weil Dan Boyd – Goldman Sachs Geoff Kieburtz – Weeden Scott Grouper – Sanford Bernstein Doug Becker – Merrill Lynch Arun Jayaram – Credit Suisse Robin Shoemaker – Citi PresentationOperator
Good morning. My name is Sylvia and I will be your conference operator today. At this time, I would like to welcome everyone to the Noble Drilling fourth quarter 2010 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers’ prepared remarks, there will be a question-and-answer period. (Operators Instructions) As a reminder, ladies and gentlemen, this conference is being recorded today, Thursday, January 27, 2011. Thank you. I would now like to introduce Mr. Lee Ahlstrom, Vice President of Investor Relations and Planning. Mr. Ahlstrom, you may begin your conference. Lee Ahlstrom Thank you, Sylvia, and welcome to Noble Corp’s fourth quarter and full year 2010 earnings call. Before we begin, I’d like to remind everyone that any statements we make today about our plans, expectations, estimates, predictions or similar expressions for the future, including those concerning the drilling business, financial performance, operating results, tax rates, spending guidance, backlog, day rates, contract tenders, and extensions or commencements, letters of intent, the outlook for the U.S. Gulf of Mexico and other regions, new bill delivery costs and dates, plans and objectives of management for future operations, and the outcome of any litigation, dispute or investigation are forward-looking statements and are subject to risks and uncertainties.