Borr Drilling Limited – Contracting Update
Borr Drilling Limited (NYSE and OSE: “BORR”) is pleased to announce new contract commitments for three of its premium jack-up rigs, the “Arabia I”, the “Gunnlod” and the “Norve”. These commitments cover a total of 1,779 days and $332 million in contract revenue, including mobilization and demobilization compensation. The “Arabia I” which had its work scope suspended earlier this year in Saudi Arabia has secured a new long-term contract in Brazil. The contract period is 4 years firm plus a 4 years unpriced option. This contract is expected to commence in Q1 2025 in cooperation with an