Borr Drilling Limited Reports New Contracts in November 2019

Source: www.gulfoilandgas.com 11/1/2019, Location: South America

Borr Drilling Limited (BDRILL) has issued an updated fleet status report, available on the Company’s website and attached to this release. The report includes news about five new contracts and extensions since the previous fleet status report in August 2019, comprising two newbuilds, one warm stacked rig and extensions of two active rigs.

This is expected to add approximately 55 months and approximately USD 151 million of additional backlog revenue since the previous fleet status report in August 2019. In addition, the previously reported LOA for Prospector 1 has been converted into a firm contract.

Two of the announced contracts are with Pemex and will be based on the same integrated services structure that of the three other rigs the Company has contracted with Pemex.

With the activations of two additional newbuild units and the reactivation of a warm stacked unit, the Company has increased the number of contracted and committed rigs to 18.

In addition, the company has commenced activation of an additional newbuild rig from Keppel as result of advanced negotiations for a contract with expected start-up in January 2020.


Namibia >>  6/28/2022 - Reconnaissance Energy Africa Ltd. (“ReconAfrica”) and its joint venture partner NAMCOR (the state oil company of Namibia) are pleased to announce spud...
Norway >>  6/28/2022 - The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia a drilling permit for well 25/7-10 in production licence PL782 S.
...


Australia >>  6/27/2022 - On behalf of the EP469 JV, Strike Energy Limited (Strike - STX) offers an update on the appraisal drilling operations for WE3 at the West Erregulla ...
Norway >>  6/27/2022 - The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy AS drilling permit for well 6607/12-5, cf. Section 13 of the Resource Management ...

Tunisia >>  6/24/2022 - Zenith Energy Ltd. (ZENA) provides an update on operational activities in the Robbana concession ("Robbana"), located onshore Tunisia. ...
Australia >>  6/23/2022 - HIGHLIGHTS
• Drilling of 6 th and final well in programme complete
• Glenaras 29 encountered 27 metres of gassy coals
• Highest risk e...


Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.