Borr Drilling announced that its premium jack-up rigs “Prospector 5” and “Natt” have received a letter of award, or LOA, for work in West Africa in direct continuation of their current contracts. The contracts will have a combined duration of 1,307 days and a total estimated contract value is $211M. Under this LOA, the “Prospector 5” and “Natt” will remain contracted until May 2026 and December 2025, respectively.
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