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Borr Drilling Extends Contracts for Three Jack-Up Rigs, Receives Mexico Payments.
ByAinvest
Monday, Oct 27, 2025 8:22 am ET1min read
Borr Drilling has announced contract extensions for three premium jack-up rigs, Galar, Gersemi, and Njord, with a total contract value of approximately $213 million. The extensions include two one-year unpriced options and improved commercial and payment terms. The company also received payments of around $19 million for its operations with Pemex. Borr Drilling is in talks with its Mexican customer for long-term contract extensions.
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