HAMILTON, Bermuda – Borr Drilling Ltd. has agreed to sell the jackups Balder and Atla to BW Energy for $14.5 million.
The sales are expected to be completed in 4Q 2020.
The Balder is cold stacked in Cameroon while the Atla is in UAE. Both were built in 2003.
BW Energy plans to convert the rigs to offshore installations equipped with production facilities for the Hibiscus/Ruche development in the Dussafu license off Gabon.