Borr Drilling announces new contract commitments
Published by Jack Roscoe,
Editorial Assistant
Oilfield Technology,
Borr Drilling has announced new contract commitments for three of its premium jack-up rigs, the ‘Prospector 1’, the ‘Gunnlod’, and a rig to be determined.
The commitments total 820 days and US$158.6 million in contract revenue, inclusive of mobilisation and demobilisation compensation.
In the North Sea, multiple contracts have been secured totalling 250 days of backlog that commenced in March 2024.
In Southeast Asia, the Company has secured a one well commitment, with an anticipated duration of 90 days, that will commence in May 2024.
Finally, an undisclosed customer has issued a firm and binding Letter of Award for a campaign expected to commence between Q424 and Q125, with an estimated duration of 480 days.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/09042024/borr-drilling-announce-new-contract-commitments/
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