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.
BW Energy has agreed a sale-and-leaseback deal for the Jasmine Alpha jack-up rig, securing $80 million in cash while retaining access to the unit under a new lease arrangement.
PV Drilling has completed the reactivation of PV DRILLING IX, with the jack-up rig set to begin commercial work in April 2026 as demand strengthens in Vietnam and Southeast Asia.
Seaway7’s semi-submersible heavy transport vessel Seaway Eagle has completed the transport of jack-up rig GMS Enterprise from Dubai to Rotterdam, supporting offshore asset relocation.
Northern Offshore’s Energy Emerger jack-up rig has been contracted to drill three development wells at Masirah Oil’s offshore Yumna field in Oman’s Block 50, with the multi-well programme expected to start in March 2026.
Masirah Oil said its parent Rex Oman contracted the Energy Emerger jack-up rig, operated by Northern Offshore Drilling Operations, to drill three development wells in Oman’s offshore Yumna Field (Block 50) from March 2026.
Saka Energi, an indirect Pertamina subsidiary, is seeking a jack-up rig for a 12-month drilling campaign on its Pangkah and Pekawai offshore blocks and has opened prequalification to contractors.
PV Drilling IX arrived in Vung Tau at 06:00 on 25 December 2025 after a two-month, 12,855.6-nautical-mile voyage from Europe aboard GPO Sapphire operated by GPO Heavy Lift.
Technical issues during Akrake Petroleum’s offshore drilling campaign at Benin’s Sèmè field have delayed start-up beyond 2025, despite ongoing work with the Gerd jack-up rig.
