Fossil Energy – Drilling
Borr Drilling has won new contracts and extensions for five of its premium jack-up drilling rigs.
These awards increase the company’s backlog by approximately 2,530 days, excluding optional periods.
Drilling rig Gunnlod has secured a contract in Southeast Asia. The work will cover 11 wells with an anticipated duration of 186 days plus options.
Rig Mist had options exercised by PTTEP for a total duration of 3.5 months and it is now expected to remain contracted until Q4 2022.
Saga has also secured a contract in Southeast Asia. The work will cover a 1-well program with an anticipated duration of 45 days.
Additionally, Borr Drilling has secured long-term contracts in the Middle East with an undisclosed operator for 2 of its drilling rigs. The contracts have a firm duration of three years and are expected to commence in the second half on 2022.