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Borr Drilling Extends Contracts, Receives $19M Payments from Pemex
ByAinvest
Monday, Oct 27, 2025 8:25 am ET1min read
Borr Drilling Limited has announced contract extensions for three premium jack-up rigs, with the Galar and Gersemi rigs receiving two-year firm extensions and the Njord rig receiving an extension through April 2026. The contract value is approximately $213 million, excluding options. The company has also received payments of around $19 million for its operations with Pemex, supporting its confidence in the normalization of payment activity.
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