GUARANTY

Exhibit 10.36

GUARANTY

     This GUARANTY is made as of October 27, 2006 by NOBLE CORPORATION, a Cayman Islands exempted company limited by shares (the "Company"), for the benefit of Thomas L. Mitchell (the "Executive");

WITNESSETH:

     WHEREAS, Noble Drilling Corporation, a Delaware corporation and an indirect, wholly owned subsidiary of the Company ("Noble-Subsidiary"), has entered into an Employment Agreement with the Executive dated as of the date hereof (the "Employment Agreement"); and

     WHEREAS, the Company desires to guarantee the performance by Noble-Subsidiary of its obligations under the Employment Agreement, and the Board of Directors of the Company has determined that it is reasonable and prudent for the Company to deliver this Guaranty and necessary to promote and ensure the best interests of the Company and its Members;

     NOW, THEREFORE, in consideration of the premises, the Company hereby irrevocably and unconditionally guarantees, as p