RigCo will fund the work from existing cash. The drillship and jack-up are expected in 2027 and 2028, respectively, while construction plans for the two semi-submersibles remain under assessment.
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.
ONGC completed 44 jack-up rig moves ahead of the monsoon season with ABL support, covering more than 5,500 nautical miles between 15 March and 31 May 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.
ADES Holding secured three jack-up rig contracts and a separate rig extension offshore Nigeria, expanding backlog and reinforcing its West Africa drilling position.
Borr Drilling said four jack-up rigs in the Middle East are on standby amid the current regional situation. Three units in Qatar and the UAE were downmanned, while Arabia III was shut down safely after a 7 March 2026 incident.
