Borr Drilling Limited (BDRILL) – Activation of four additional jack-up drilling rigs
Following its recent board meeting, Borr Drilling Limited (“Borr”) has decided to start the activation of four additional newbuild jack-ups. This decision is made on the back of Borr's previously announced success in securing commitments for three of its newbuild units and its North Sea based jack-up "Ran", all of which are currently undergoing (re)activation and have been awarded LOIs. These rigs are expected to commence work in the first half of 2019. Supported by the strong increase in direct customer requests and the material increase in tender activity of approximately 50% year to