Borr Drilling lines up jackup rig for West Africa

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.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.

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