Brief: Borr Drilling Signs Deals Potentially Adding USD 48 Mln

Borr Drilling

24/03/2021 07:35

March 24 (Reuters) - Borr Drilling Ltd  BDRILL.OL :
    * SECURING ADDITIONAL ACTIVITY
    * ENTERED INTO AGREEMENTS POTENTIALLY ADDING A TOTAL OF USD
48
MILLION OVER APPROXIMATELY 590 DAYS TO BACKLOG
    * FOR RIG "NATT" WE HAVE RECEIVED A LETTER OF INTENT WITH AN
UNDISCLOSED NEW OPERATOR IN NIGERIA TO COMMENCE OPERATIONS IN
APRIL 2021 FOR AN ESTIMATED DURATION OF 150 DAYS, IN DIRECT
CONTINUATION OF ITS PREVIOUS CONTRACT
    * RIG "GUNNLOD" HAS SECURED AN EXTENSION FROM PTTEP FOR
EIGHT
ADDITIONAL WELLS IN MALAYSIA, WHICH IS EXPECTED TO KEEP RIG
OPERATING UP TO SEPTEMBER 2021

Source text for Eikon:  ID:nWkr79z1jp 
Further company coverage:  BDRILL.OL 

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