Borr Drilling secures commitments for three premium jack-up rigs

  • Borr Drilling announced commitments for three premium jack-up rigs.
  • Norve has 245 firm days, while Joro has 60 firm days.
  • Shell Nigeria exercised Natt’s one-well option through early August 2027.

Borr Drilling announced new commitments for three premium jack-up rigs. In West Africa, Norve received a binding letter of award from an undisclosed operator for three wells beginning in mid-December 2026, with an estimated 245-day firm duration and priced options totaling an estimated 175 days. Shell Nigeria Exploration and Production Company exercised a one-well option on Natt in Nigeria, keeping the rig contracted under the current program into early August 2027. In the UK, Joro was awarded a contract for accommodation activities beginning in mid-October 2026, with a 60-day firm duration and priced options estimated at 56 days. Borr Drilling said the timing and duration of these commitments remain subject to the risks described in its forward-looking statements.

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