Borr Drilling Limited – Announcement of new contract
Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) is pleased to announce that its premium jack-up rig “Hild” has been awarded a contract from an undisclosed customer for work in Latin America. The contract duration covers a firm term of 725 days and is expected to commence in Q3 2023, following the conclusion of the rig’s ongoing activation. The estimated contract value is US$123 million, including mobilization and demobilization fees. Following this award, all of the Company’s 22 delivered units are now contracted or committed, with no open availability until late Q3 2023.