Borr Drilling lands new contracts for North Sea, West Africa
Borr Drilling has announced contract awards for two of its premium jack-up rigs to operate in the North Sea as well as offshore Congo, West Africa.
In the North Sea, the Prospector 1 jack-up rig has received separate binding Letters of Award from Dana Petroleum and ONE-Dyas in the Netherlands.
The Dana Petroleum commitment is for one well, with an anticipated duration of 30 days, scheduled to commence in November 2025. The ONE-Dyas commitment covers a period of three wells, with an anticipated duration of 210 days, and is expected to commence in December 2025, in direct continuation of the previous contract. The ONE-Dyas award includes options that may extend the work by an additional 210 days.
In West Africa, the Natt jack-up rig has secured a contract with New Age in Congo. The firm scope of one well has an anticipated duration of 60 days scheduled to commence November 2025.
"These new commitments cover a combined duration of 300 days and represent more than $43 million in contract revenue backlog," Borr Drilling said in a news release.
"Additionally, the previously announced LOA for the "Odin" in Mexico has converted into a contract and the rig has commenced operations under the contract," Borr's statement added.
