Benzinga | Dec 17, 2021 08:49AM EST

Borr Drilling Reports Contract For Jack-Up Drilling Rigs, No Terms Disclosed

Borr Drilling Limited (NYSE and OSE: "BORR") is pleased to announce it has secured a contract for the premium jack-up drilling rig "Norve" with BW Energy for work in Gabon. The contract is expected to commence in the second half of 2022 after the completion of the rigs current contract. The work will cover 4 firm wells with an anticipated duration of 240 days plus options.

Additionally, the Company has secured a binding Letter of Award ("LOA") for the premium jack-up drilling rig "Thor" from an undisclosed operator in Southeast Asia. The program is expected to commence in June 2022 for a duration of one year plus options.