The drilling company has secured employment for two of its jack-up rigs for a combined contract value of NOK 3bn (USD 303m).
Borr Drilling has landed two major rig contracts, the company writes in a stock exchange announcement.
Jack-up drilling rig Frigg is set for employment in the Middle East for an unnamed customer. The contract has a fixed length of five years with option of renewal. Work is expected to commence in Q3 2023 when the rig has been removed from layup.
A second jack-up rig, Gunnlod, will be put to work in South East Asia – also for an undisclosed customer. The contract runs for 205 days and is set to begin in June 2023.
Combined, the two agreements have a value of NOK 3bn (USD 303m).
21 of Borr Drilling’s 22 rigs are now employed, the company informs.
English edit: Kristoffer Grønbæk
