Norway’s Borr Drilling has received a binding letter of intent from an undisclosed operator in West Africa for the 2014-built jackup rig Prospector 5.
.The New York and Oslo-listed rig owner said the deal includes a firm six-well campaign with an estimated duration of fourteen months, set to start in the fourth quarter of 2022.
The letter of intent is expected to convert into a contract shortly, worth around $68.9m excluding potential options attached.
The Prospector 5 previously worked for Dana Petroleum.
