Brief: Borr Drilling Secures Two LOA For Premium Jack-Up Drilling Rigs

Borr Drilling

01/08/2023 07:36

Aug 1 (Reuters) - Borr Drilling LTD  BORR.OL :
    * CO HAS SECURED TWO LETTERS OF AWARDS (LOA) FOR ITS PREMIUM
JACK-UP DRILLING RIGS "GERD" AND "THOR"
    * THESE AWARDS INCREASE THE COMPANY'S FIRM BACKLOG BY
APPROXIMATELY 421 DAYS, EXCLUDING OPTIONAL PERIODS
    * PREMIUM JACK-UP DRILLING RIG "GERD" HAS SECURED A BINDING
LOA
FROM AN UNDISCLOSED CUSTOMER FOR WORK IN THE MIDDLE EAST
    * "GERD" CONTRACT WILL COVER A FIRM SCOPE OF 270 DAYS, AND
ONE
UNPRICED OPTIONAL SCOPE OF 60 DAYS
    * "GERD" CONTRACT HAS AN ESTIMATED VALUE OF $47.7 MILLION,
INCLUDING MOBILISATION AND DEMOBILISATION
    * THE PREMIUM JACK-UP DRILLING RIG "THOR" HAS SECURED A
BINDING
LOA FROM AN UNDISCLOSED CUSTOMER FOR WORK IN SOUTHEAST ASIA
    * CONTRACT WILL COVER A FIRM SCOPE OF TWO WELLS WITH AN
ESTIMATED
DURATION OF 151 DAYS AND A CONTRACT VALUE OF $25.1 MILLION,
INCLUDING MOBILISATION AND DEMOBILISATION


        
 Source text for Eikon:  urn:newsml:reuters.com:*:nPn95vCwDa
 Further company coverage:  BORR.OL  

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