Borr Drilling rig secures Latin America work from undisclosed customer
April 10, 2023
Following this award, all of the company’s 22 delivered units are now contracted or committed, with no open availability until late third-quarter 2023.
HAMILTON, Bermuda — Borr Drilling's Hild premium jackup rig has been awarded a contract from an undisclosed customer for work in Latin America.
The contract duration covers a firm term of 725 days and is expected to start in third-quarter 2023, following the conclusion of the rig’s ongoing activation. The estimated contract value is $123 million, including mobilization and demobilization fees.
Following this award, all of the company’s 22 delivered units are now contracted or committed, with no open availability until late third-quarter 2023.
Amid an improving market, the company said it remains optimistic about recontracting opportunities for its premium fleet.
