PV Drilling will mobilize Borr Drilling’s IDUN jack-up rig for PVEP-HCM’s three-well TL-WHP program offshore Vietnam, with the 134-day campaign expected to start in mid-October 2026.
Borr Drilling has added eight jack-up contract commitments representing more than 2,100 days of firm work and approximately $267 million in Dayrate Equivalent Backlog.
BC Ventures has acquired five jack-up rigs in Mexico for $287 million, increasing Borr Drilling’s owned and jointly owned fleet to 34 rigs.
Paratus Energy Services has received Mexican competition clearance for the sale of Fontis Finance’s drilling operations and five jack-up rigs to CME and BC Ventures.
Paratus Energy Services has secured Mexican competition clearance for the sale of Fontis Finance’s operations and five jack-up rigs. Closing is expected in Q3 2026.
Borr Drilling added 13 contracts in 2026, lifting jack-up rig backlog by more than 2,250 days as it expands its fleet and points to stronger long-term offshore drilling demand.
Borr Drilling said Arabia III has resumed work offshore Saudi Arabia, while Groa and Arabia II are due to restart in April 2026. The company also expects Odin to begin work next month and confirmed a new six-month award for Skald in Southeast Asia.
Borr Drilling has secured new contract commitments for four premium jack-up rigs in Gabon, Mexico, Germany, and Vietnam, covering fresh awards and extensions for Prospector 5, Ran, Joro, and Thor.
Borr Drilling has agreed to acquire five jackup rigs in Mexico through a new joint venture with CME, adding Fontis Energy’s drilling operations and fleet to its regional position.
