Borr Drilling Limited announced new contract commitments and extensions for four premium jack-up rigs, securing utilization through Q3 2026 and beyond with options.
Key takeaways
Prospector 5 awarded 320-day firm contract for four wells by BW Energy in Gabon, commencing Q3 2026 with 220-day options.
Ran received six-month extension with ENI in Mexico, committed through September 2026 for drilling and accommodation.
Joro secured two-month extensions in Europe, committed through May 2026.
Thor awarded 100-day two-well contract by undisclosed operator in Vietnam, starting July 2026.