Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Tuesday, April 9, 2024

Offshore drilling contractor Borr Drilling has secured work for three of its premium jack-up rigs, bringing in $158.6 million to the company.

The new contracts are for the Prospector 1, Gunnlod, and a rig to be determined.  The commitments total 820 days and $158.6 million in contract revenue, inclusive of mobilization and demobilization compensation.

In the North Sea, multiple contracts have been secured totaling 250 days of backlog that commenced in March 2024.

In Southeast Asia, the company has secured a one well commitment, with an anticipated duration of 90 days, that will commence in May 2024.

Finally, an undisclosed customer has issued a firm and binding Letter of Award for a campaign expected to commence between the fourth quarter of 2024 and first quarter of 2025, with an estimated duration of 480 days, Borr Drilling informed.

Built in 2013, Prospector 1 jack-up rig is of Friede & Goldman JU2000E design, with a maximum drilling depth of 35,000 ft and a water depth of 400 ft. It can accommodate 140 people.

Gunnlod jack-up rig was built in 2018 at PPL Shipyard in Singapore. It is of PPL Pacific Class 400 design and can accommodate 150 people. The rig is able to operate in water depths of 400 ft, with its maximum drilling depth of 30,000 ft.

Categories: Drilling Industry News Activity Europe Asia Oil and Gas

Related Stories

Keppel, Seatrium in $53M Arbitration Case Over Brazil Corruption Scheme

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

CNOOC Finds Oil and Gas in South China Sea

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Turkey Discovers New Black Sea Gas Reserve

EnQuest Bags Two Production Sharing Contracts off Indonesia

Current News

Technip Energies Gets FEED Job for Inpex’ Abadi LNG Project in Indonesia

Keppel, Seatrium in $53M Arbitration Case Over Brazil Corruption Scheme

Subsea7 Secures Work at Black Sea Field off Türkiye

CIP, Petrovietnam Team Up for Offshore Wind Project in Vietnam

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

EnQuest Enters Indonesia with Operatorship PSCs for Two Exploration Blocks

PXGEO Nets First Seismic Survey off Malaysia

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Shipbuilder Delivers Fast Crew Boat Pair to Aesen

Norwegian Oil Investment Will Peak in '25

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com