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Borr Drilling shares fall 1.02% after-hours following new contract commitments for two jack-up rigs.
ByAinvest
Wednesday, Aug 27, 2025 6:33 pm ET1min read
Borr Drilling Limited fell 1.02% in after-hours trading, following the announcement of new contract commitments for two of its premium jack-up rigs. The Prospector 1 has received separate binding Letters of Award from Dana Petroleum and ONE-Dyas in the Netherlands. The Dana Petroleum commitment is for one well, with an anticipated duration of 30 days, scheduled to commence in November 2025. The ONE-Dyas commitment covers a period of three wells, with an anticipated duration of 210 days, and is expected to commence in December.
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