Borr Drilling Announces LOA for Jack-up Drilling Rig

Source: www.gulfoilandgas.com 5/18/2022, Location: Europe

Borr Drilling Limited ("BORR") is pleased to announce it has secured a binding Letter of Award ("LOA") for the premium jack -up drilling rig "Saga" from an undisclosed operator in Southeast Asia. The program is expected to commence in Q4 2022, in direct continuation of the current contract, for a duration of four years plus options.

The company has after this a contracted fleet of 20 rigs out of a total of 23 delivered rigs.

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