Fossil Energy – Drilling
Borr Drilling reported a series of recent contract extensions and new assignments for several of its jack up drilling rigs.
The Ran jack up secured a contract extension running from January 2026 through March 2026 with Eni offshore Mexico.
The Odin jack up is reported as contracted from July 2026 to November 2026 with an undisclosed customer in the United States.
Borr Drilling also notes that the Saga jack up will remain under assignment with Brunei Shell Petroleum following the exercise of options covering November 2026 to April 2027.
The Norve jack up transitioned from operations with Marathon Oil in Equatorial Guinea in late 2025 to work with Vaalco Energy in Gabon.
The Grid rig shifted from service with PEMEX in Mexico to a contract with New Age Energy offshore Congo in January 2026.
Another update is the Joro rig. Following its inclusion in the fleet after recent transactions, it has been chartered for accommodation work offshore Germany with an affiliate of Noble Corp to complete an existing campaign.
