Contract award for Borr Drilling
Updated: Sep 02, 2021 12:18 PM
Borr Drilling Limited, the Bermuda-based oilfield services company, has secured a letter of award for the premium jack-up drilling rig "Mist" from an undisclosed operator in Southeast Asia.
The company said the programme is expected to commence in November with a duration of seven months plus options.
Borr said the net start-up cash cost for the rig is expected to be $1.75 million.
This LOA, which the company said is expected to be converted into a contract shortly, will increase the company's contracted fleet to 15 rigs.
Borr Drilling: has secured a Letter of Award for the premium jack-up drilling rig "Mist" (File photograph)
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Published September 02, 2021 at 12:18 pm (Updated September 02, 2021 at 12:18 pm)
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