Norwegian jackup rig owner Borr Drilling has received a letter of award from an undisclosed international oil company for additional work in Mexico.
The New York and Oslo listed firm said it expects the project to commence in the second quarter of 2022. The campaign should last for approximately 150 days, adding revenues of $15.7m.
Borr Drilling has five rigs working for joint ventures which are jointly owned with its Mexican partner, providing integrated well services for Pemex. The services commenced in May 2019 and have provided Pemex with an incremental production of around 125,000 bopd from 21 wells drilled until 1H 2021.
Founded in 2016 by Tor Olav Trøim, the company owns a fleet of 23 jackup rigs and has five rigs under construction.