Borr Drilling has secured new contract commitments for four premium jack-up rigs in West Africa, Europe, Southeast Asia, and the Americas.
The new work covers Prospector 5, Ran, Joro, and Thor.
In Gabon, Prospector 5 received a binding letter of award from BW Energy for a firm four-well scope with a minimum duration of 320 days. The assignment is scheduled to start in Q3 2026 after the rig completes its current contract and a planned special periodic survey. The award also includes options that could extend the program by a further 220 days. Built in 2014, Prospector 5 is a Friede & Goldman JU2000E design. The rig can operate in water depths of up to 400 feet and drill to 35,000 feet. It is currently working for Eni in Congo.
In Mexico, Ran received a six-month extension from Eni, keeping the rig under contract through September 2026. The extension includes drilling and accommodation work, subject to the operator’s requirements. The 2013-built rig is a KFELS Super A design with water depth capability of up to 400 feet and maximum drilling depth of 35,000 feet.
In Germany, Joro, previously known as Noble Resilient, received contract extensions from current operator Siemens totaling about two months. The extension keeps the rig working through May 2026. The jack-up can operate in water depths of up to 350 feet and drill to 30,000 feet.
In Vietnam, Thor received a binding letter of award from an undisclosed operator for a two-well campaign with an estimated duration of 100 days. The program is due to begin in July 2026 in direct continuation of the rig’s current job. The rig can operate in water depths of up to 400 feet and drill to 35,000 feet.
Separately, Borr Drilling said the acquisition of Paratus’ jack-up fleet by BC Ventures, its 50/50 joint venture with CME, illustrates the company’s wider footprint.
