PEMEX contracts more Borr jackups

Borr Drilling Ltd. has issued an update on its jackup rig fleet.

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Offshore staff

HAMILTON, Bermuda Borr Drilling Ltd. has issued an update on its jackup rig fleet.

Offshore Mexico, PEMEX has contracted the Galar and Njord. Both contracts are expected to run from February 2020 to July 2021. The jackups will mobilize from Singapore.

Offshore the Netherlands, Total has contracted the Prospector 1 from November to February 2020. The rig had been warm stacked.

Offshore Vietnam, Hoang Long has contracted the Idun from November to February 2020. The rig will mobilize from Singapore.

The Frigg has received a contract extension from an undisclosed company offshore Nigeria. The contract now runs from December to November 2020.

The Mist has received a contract extension from Vestigo Petroleum offshore Malaysia. The contract now runs from December to April 2020.

According to Borr, the new contracts and extensions are expected to add about 55 months and approximately $151 million of additional backlog revenue.

The company has increased the number of contracted and committed rigs to 18.

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

11/01/2019

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