Borr Drilling (NO:BORR) has released an update.
Borr Drilling Limited has announced significant new contracts for three of its premium jack-up rigs, with a combined duration of 820 days and a revenue of $158.6 million. The contracts, which include commitments in the North Sea and Southeast Asia, as well as a firm Letter of Award from an undisclosed customer, are set to commence between March 2024 and the first quarter of 2025. This marks a substantial addition to the company’s backlog, demonstrating its continued growth in the offshore drilling sector.
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