Borr Drilling Limited has announced new contract commitments covering two premium jack-up rigs.
In the Americas, Ran has received a one-well extension with ENI in Mexico. The well has an anticipated duration of 75 days, keeping the rig on firm contract through March 2026. Remaining options under the contract allow for 240 days of extension beyond the end of the newly committed term.
In the United States of America, Odin has secured a contract for two wells and an optional well with an undisclosed operator. The campaign is expected to commence mid-2026, with an estimated duration of 60 days per well.
As a result of Odin’s new firm commitment, an option mechanism in the rig’s previously announced contract for work in the Gulf of America has been activated. The mechanism provides the customer Cantium with a six-month optional period commencing in January 2027.
