| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Borr Drilling Limited (NYSE:BORR) is pleased to announce new contract commitments for four of its premium jack-up rigs, bringing the total number of contracted rigs to 23 out of its fleet of 24.
The new awards have a combined duration of approximately 1,300 days, including fixed priced options, and an estimated contract revenue of more than $129 million1. In line with our strategy to optimize near term fleet utilization, these new commitments provide strengthened revenue visibility and increase our contract coverage to 84% at an average dayrate of $144,000 for 2025 and 45% at an average dayrate of $141,000 for 2026.
In the Middle East, the 'Arabia II', which is currently warm stacked, has secured a binding Letter of Award from an undisclosed customer. The contract will commence in September 2025 and is anticipated to have a firm duration of 500 days, plus a 200-day unpriced option. This contract includes an additional performance-based incentive that rewards superior performance which this modern and technically capable rig can deliver.
Posted In: BORR
