Borr Drilling Secures New Contracts Worth $43mln, Boosts Fleet and Revenue Backlog.
ByAinvest
Wednesday, Aug 27, 2025 8:12 am ET1min read
BORR--
Borr Drilling Limited has secured new contracts for two premium jack-up rigs, Prospector 1 and Natt, and an additional fleet update. The contracts, totaling 300 days, represent over $43 million in contract revenue backlog. The Prospector 1 has received binding Letters of Award from Dana Petroleum and ONE-Dyas in the Netherlands, while the Natt has secured a contract with New Age in Congo. The Odin rig has also commenced operations under its previously announced contract in Mexico.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet