Borr Drilling secures jackup contract from Royal Gate Energy

Norway’s Borr Drilling has secured a new contract from Royal Gate Energy for the deployment of its 2011-built rig Norve in Equatorial Guinea.

The contract is for a period of two months, starting from May 2019.

Additionally, Borr Drilling has also converted another five previously announced LOIs into firm contracts.

Two of the company’s newbuild rigs, Gerd and Groa, have been awarded contracts by Exxon Nigeria for a period of 24 months each, starting from March and April 2019 respectively.

Newbuild rig Natt has secured a contract from First E&P Nigeria for works in Nigeria for a period of 24 months. The 2013-built Ran has been employed by Spirit Energy UK for a period of 11 months starting in April 2019. The 2013-built rig Mist has been contracted by Kris Energy for works in Thailand for a period of 3-4 months commencing in November.

Additionally, Norve has secured another 10-month contract from an undisclosed client from July 2019.

Last month, Borr Drilling activated four newbuild jackup rigs anticipating new contracts.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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