Borr Drilling Secures New Contracts for Three Jack-Up Rigs

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Borr Drilling said Wednesday it secured new commitments for three jack-up rigs in West Africa, Nigeria and the U.K., extending contracted work for two rigs into 2027 and adding a shorter-term assignment for a third. In West Africa, the Norve received a binding letter of award from an undisclosed operator for three wells, with work expected to begin in mid-December 2026; the estimated 245-day program would keep the rig working into August 2027, with priced options covering an additional 175 days. Separately, Shell Nigeria Exploration and Production exercised a one-well option for the Natt in Nigeria, which is expected to remain contracted into early August 2027. In Europe, the Joro received a contract from an undisclosed operator for accommodation work in the U.K. beginning in mid-October, with the firm portion expected to last about 60 days and keep the rig committed into December 2026, plus priced options covering another 56 days. Borr did not disclose day rates or the total financial value of the agreements.

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