Borr Drilling secures work for three warm stacked rigs

Offshore driller Borr Drilling has entered into new contracts and letters of intent for three of its currently warm stacked rigs, adding $21m to its total backlog.

According to the company’s latest fleet status report, the company’s jackup rig Saga and Gunnlod have been contracted by PTTEP for operations in Malaysia from September 2020 to March 2021.

Additionally, Borr has received a letter of intent from an undisclosed customer for its jackup rig Norve in West Africa starting from the first quarter of 2021.

The latest awards will bring the company’s total number of committed and contracted rigs up to 14.

Borr said it has three additional warm stacked rigs which can be brought into operation without significant activation capex.

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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