Borr Drilling seals new Southeast Asia deal

Norwegian jackup rig owner Borr Drilling has secured a new contract with an undisclosed operator in Southeast Asia for the 2018-built Gunnlod.

The New York and Oslo listed firm told investors it would earn around $5.9m from the programme expected to start in the first quarter of 2023 and last for 45 days in direct continuation of its current contract with PTTEP offshore Malaysia.

In addition to the contract award, Borr said that Italian operator Eni had exercised its first option in Congo for the 2018-built rig Natt. The campaign should last approximately 90 days.

Year to date, Borr has reported 22 new deals representing 11,350 days, or 31 years and $1.36bnn of potential backlog.

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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