Brief: Borr Drilling Gets Contract And Letter Of Award For Jack-Up Drilling Rigs

Borr Drilling

17/12/2021 13:44

Dec 17 (Reuters) - Borr Drilling Ltd  BORR.OL :
    * BORR DRILLING LIMITED - ANNOUNCEMENT OF CONTRACT AND
LETTER OF
AWARD FOR JACK-UP DRILLING RIGS
    * BORR DRILLING LIMITED (NYSE AND OSE: "BORR") IS PLEASED TO
ANNOUNCE IT HAS SECURED A CONTRACT FOR PREMIUM JACK-UP DRILLING
RIG "NORVE" WITH BW ENERGY FOR WORK IN GABON
    * CONTRACT IS EXPECTED TO COMMENCE IN SECOND HALF OF 2022
AFTER
COMPLETION OF RIGS CURRENT CONTRACT
    * WORK WILL COVER 4 FIRM WELLS WITH AN ANTICIPATED DURATION
OF 240
DAYS PLUS OPTIONS
    * PROGRAM IS EXPECTED TO COMMENCE IN JUNE 2022 FOR A
DURATION OF
ONE YEAR PLUS OPTIONS
    * ADDITIONALLY, COMPANY HAS SECURED A BINDING LETTER OF
AWARD
("LOA") FOR PREMIUM JACK-UP DRILLING RIG "THOR" FROM AN
UNDISCLOSED OPERATOR IN SOUTHEAST ASIA

Source text for Eikon:  ID:nWkr2cZDvs 
Further company coverage:  BORR.OL 

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