Brief: Borr Drilling Enters Into New Contract And LOIs

Borr Drilling

03/08/2020 07:04

Aug 3 (Reuters) - Borr Drilling Ltd  BDRILL.OL :
    * HAS ENTERED INTO A NEW CONTRACT AND LOIS FOR THREE OF ITS
CURRENTLY WARM STACKED RIGS, ADDING USD 21 MILLION TO TOTAL
BACKLOG,
    * RECENT AWARDS WILL BRING TOTAL NUMBER OF COMMITTED AND
CONTRACTED RIGS UP TO 14
    * TENDER ACTIVITY IN JACK-UP MARKET TROUGHED IN MARCH /
APRIL THIS
YEAR CAUSED BY NEGATIVE DEVELOPMENT IN OIL PRICE
    * - ARE NOW CLEAR SIGNS OF INCREASED ACTIVITY LEVELS,
SUPPORTED BY
AN OIL PRICE OF AROUND USD 40/BBL

Source text for Eikon:  ID:nWkr34r46t 
Further company coverage:  BDRILL.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))