Borr Drilling (BORR) has released an update.
Borr Drilling Limited has secured new contracts for three of its jack-up rigs, totaling 1,779 days and $332 million in revenue, with significant commitments in Brazil, Southeast Asia, and Africa. The company’s global footprint and premium fleet have allowed it to fully commit all delivered rigs and anticipate the contracting of its new build, Vali. With 13 new contracts this year and a day-rate increase of over 60% for the ‘Arabia I’ in Brazil, Borr Drilling is reinforcing its market position and operational performance.
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