Brief: Borr Drilling Secures LoA For Premium Jack-Up Drilling Rig

Borr Drilling

02/09/2021 09:44

Sept 2 (Reuters) - Borr Drilling Ltd  BDRILL.OL :
    * HAS SECURED A LETTER OF AWARD ("LOA") FOR PREMIUM JACK-UP
DRILLING RIG "MIST" FROM AN UNDISCLOSED OPERATOR IN SOUTHEAST
ASIA
    * PROGRAM IS EXPECTED TO COMMENCE IN NOVEMBER 2021 WITH A
DURATION
OF SEVEN MONTHS PLUS OPTIONS
    * NET START-UP CASH COST FOR RIG IS EXPECTED TO BE $1.75
MILLION
    * THIS LOA, WHICH IS EXPECTED TO BE CONVERTED INTO A
CONTRACT
SHORTLY, WILL INCREASE COMPANY'S CONTRACTED FLEET TO 15 RIGS

Source text for Eikon:  ID:nWkr13jd6P 
Further company coverage:  BDRILL.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))