Borr Drilling earns over $158 million from three jack-up rig contract commitments

April 09, 2024

(WO) – Borr Drilling Limited 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 $158.6 million in contract revenue.

Borr Drilling's Prospector Drilling jack-up rig

In the North Sea, multiple contracts have been secured totaling 250 days of backlog that commenced in March 2024. In Southeast Asia, Borr Drilling 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 Q4 2024 and Q1 2025, with an estimated duration of 480 days.

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