Borr Drilling Limited - Contracting update
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, Dec. 9, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) is pleased to announce a new contract commitment for its premium jack-up rig "Norve" with a repeat customer in West Africa. This work is in direct continuation of the Marathon Oil contract and is estimated to commence in Q3 2025. The contract is for five wells firm, with an anticipated duration of 320 days, plus up to five optional wells at mutually agreed prices. This commitment adds an additional $58 million in contract revenue backlog, excluding options, mobilization and demobilization compensation. Forward looking statementsThis press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "will", "expect", "estimate" and similar expressions and include statements relating to contract awards, letter of awards, contract duration and value and expected start and end dates, and other non-historical statements. Such forward lo
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News
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- Borr Drilling - Update on Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
BORR
Sec Filings
- 12/12/24 - Form 6-K
- 12/9/24 - Form 6-K
- 12/2/24 - Form S-8
- BORR's page on the SEC website