Borr Drilling announced award of a contract for its premium jack-up rig “Hild”
Borr Drilling announced that its premium jack-up rig “Hild” has been awarded a contract from an undisclosed customer for work in Latin America. The contract duration covers a firm term of 725 days and is expected to commence in Q3 2023, following the conclusion of the rig’s ongoing activation. The estimated contract value is US$123 million, including mobilization and demobilization fees.
Following this award, all of the Company’s 22 delivered units are now contracted or committed, with no open availability until late Q3 2023. Amidst an improving market, the Company remains optimistic about recontracting opportunities for its premium fleet.
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