Borr expands premium jackup fleet

Borr Drilling Ltd. has completed the purchase and taken ownership of the newbuild jackup Hull No. B378 (formerly named Hakuryu-15) for $122 million from BOT Lease Co. Ltd.

Offshore staff

HAMILTON, BermudaBorr Drilling Ltd. has completed the purchase and taken ownership of the newbuild jackup Hull No. B378 (formerly named Hakuryu-15) for $122 million from BOT Lease Co. Ltd.

TheHull B378 is a KFELS Super B Bigfoot design and will need approximately six months to be operationally ready from the Keppel FELS yard in Singapore. The rig has 2,200,000 lbs hook load capacity, 75 ft (23 m) cantilever, and significant crane capacity which, the company said, makes the unit ideal for drilling of deep HP/HT wells.

The rig is of similar design as thefive newbuilds Borr bought from Transocean. Two of these five units have been delivered from the yard.

In addition, the company has issued an update on its jackup drilling rig fleet. It has increased the number of contracted and committed units from zero in the beginning of 2017, to a total of 18.

Offshore the Netherlands, Neptune Energy has awarded theProspector 5 a seven-month contract. The contract is from April to October 2019.

Offshore Mexico, Pemex has contracted the Grid and Gersemi. Both contracts are expected to run from June 2019 to December 2020.

Offshore Southeast Asia, theMist has received a letter of intent from an undisclosed operator. It is expected to start in May and end in November 2019.

The Sagaand Skald both secured letters of intent for multi-year contracts from undisclosed operators. The contracts are expected to start in 1Q 2020.

04/01/2019

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