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  • Borr Drilling announces new contract commitments for three of its premium jack-up rigs
  • Contracts total 495 days and $82.2 million in revenue
  • Contracts cover work in Southeast Asia and Gabon for BW Energy, Valeura Energy and an undisclosed customer
  • Borr Drilling’s fleet contract coverage for 2024 is 87%

Borr Drilling has announced new contract commitments for three of its jack-up rigs, totaling 495 days and $82.2 million in contract revenue, excluding mobilization and demobilization. Borr Drilling is an offshore drilling contractor that owns and operates a fleet of modern jack-up rigs.

BW Energy has extended the contract for the Norve by approximately two months through July 2024. Norve is a PPL Pacific Class 400 design, built by PPL Shipyard in Singapore in 2011. BW Energy is a growth-focused oil and gas company that acquires, develops and produces proven oil and gas fields in Gabon and Brazil.

The Mist has secured a contract extension from a subsidiary of Valeura Energy in Thailand. The contract extension covers a firm term of 12 months starting in direct continuation to the current contract and will maintain the rig contracted through August 2025. The Mist is a KFELS Super B Bigfoot Class jack-up rig that was built by Keppel FELS shipyard and delivered in 2013.

The Thor has received a binding Letter of Award from an undisclosed customer for work in Southeast Asia. This award will cover a firm scope of two wells, with an anticipated duration of 70 days, beginning in Q3 2024, in direct continuation of its current commitment. The Thor is a KFELS Super B Class jack-up rig that was built by Keppel FELS shipyard in Singapore, and delivered in 2019.

Following these new contracts, the Company’s fleet contract coverage is 87% for 2024, including firm commitments and priced options. This reflects the Company’s strategy of securing long-term contracts with reputable customers at attractive rates, as well as its operational excellence and high-quality assets.

Employment Opportunities

If you’re interested in employment with any of these companies, click on their Career pages below for more information and current opportunities.

  • Borr Drilling is an international drilling contractor that operates a fleet of rigs in hydrocarbon basins around the world. Borr offers challenging and rewarding work opportunities for both offshore and onshore professionals.
  • BW Energy is a subsidiary of BW Group. BW Energy focuses on developing and producing oil and gas from proven offshore reservoirs. They’re looking for creative, curious, and talented people who can help create solutions that progress the future of energy. BW Energy has operations in Brazil, Gabon, Namibia, and Norway.
  • Valeura Energy is a Canada-based company that explores, develops, and produces oil and natural gas, mainly in Turkey. The company has a growing portfolio of assets and opportunities, both through its own exploration activities and through international mergers and acquisitions.

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