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Borr Drilling Bags Letter of Award for work in West Africa; Contracts to Have a Combined Duration of 1,307 Days and a Total Estimated Contract Value is $211M

Author: Benzinga Newsdesk | August 29, 2023 03:21am

Borr Drilling Limited (the "Company") (NYSE:BORR) (OSE: BORR) is pleased to announce that its premium jack-up rigs "Prospector 5" and "Natt" have received a Letter of Award ("LOA") for work in West Africa in direct continuation of their current contracts. The contracts will have a combined duration of 1,307 days and a total estimated contract value is $211 million.

Under this LOA, the "Prospector 5" and "Natt" will remain contracted until May 2026 and December 2025, respectively.

Posted In: BORR


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