- Borr Drilling Limited's BORR premium jack-up rig "Hild" has secured a contract worth $123 million, including mobilization and demobilization fees, for work in Latin America, from an undisclosed customer.
- The contract covers a firm term of 725 days and is expected to commence in the third quarter of 2023.
- Borr Drilling's 22 delivered units are now contracted or committed, with no open availability until the late third quarter. The company remains optimistic about recontracting opportunities for its premium fleet.
- Price Action: BORR shares closed lower by 2.59% at $7.14 on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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