The contract is expected to start in March 2021, with an estimated duration of 315 days. On Monday, ailing junior offshore driller Borr Drilling released an "update on contracts and operations" which shows letters of awards for two of … Description. Following the April 2020 notices of early suspension of contract from ExxonMobil for jackups Gerd and Groa offshore Nigeria, Borr Drilling has stated that the units will be suspended from the original contracts with the possibility to return to operations. Vestigo has awarded the Idun a 10-well contract offshore Malaysia. Borr Drilling has announced the appointment of Patrick Schorn as its new CEO with effect from 8 September 2020. Borr Drilling is the market leader in international drilling contracting to … Borr is also in advanced talks to secure further work for two jack-ups. Norwegian offshore driller Borr Drilling says it has entered into agreements which could add a total of … The 400-ft jackups were originally committed until April 2021 and May 2021, respectively. The Drilling JVs will continue to earn day rates from its main customers Opex and Akal through regular drilling contracts. Borr on Monday confirmed it has signed a … Offshore staff. MSS1 is a 1,500-ft semi, originally delivered in 1979 and is the only floating rig in Borr Drilling’s fleet. BORR 0.93 0.00 (0.12%). As of now, there is no recent news available regarding this rise in BORR stock. The Company's rigs have the capacity to drill to a depth of approximat. Borr Drilling. Neptune Energy has announced the award of a US$21.4 million contract to Borr Drilling, consolidating development, exploration and P&A activities in the Dutch and UK sectors of the North Sea, and reducing costs and operational emissions. Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. The well, which is located in shallow water in the prolific Niger Delta Basin, offshore Cameroon, will be drilled using Paragon M825 jack-up rig to a depth of 1,550 meters and the operation is expected to take up to 45 days. Source: press release, 24 March 2021. Borr’s capital structure has too much debt, its rigs were bought too expensively, and its biggest customer is a basket case. The offshore drilling sector has been hit hard by the downturn, but one company that looks poised for a strong turnaround is Borr Drilling . Neptune Energy today announced the award of a $21.4m contract to Borr Drilling, consolidating development, exploration and P&A activities in the Dutch and UK sectors of the North Sea, and reducing costs and operational emissions. The rigs discontinued operations in May 2020. Borr Drilling Fleet Status Report - 11thJanuary 21 This summary is provided as a courtesy and is not intended to replace a detailed review of the Fleet Status Report. 24/03/2021. Borr Drilling, a drilling contractor that owns and operates jack-up rigs of modern and high-specification designs, provides drilling services to the oil and gas exploration and production industry worldwide (photo: Borr Drilling) March 25, 2021. Norwegian jackup rig owner Borr Drilling has reported several new wins, including new contracts, letters of intent, and extensions. Borr Drilling Limited (NYSE and OSE: BORR) reported Wednesday that a set of new agreements for three of its jack-up rigs could add US$48 million over approximately 590 days to the company’s backlog. The company has secured contracts … (Courtesy Borr Drilling) Offshore staff. Please note the following meetings are open to North Sea Chapter Contractor and Committee members only. 13 talking about this. Pearman Building, 2nd Fl, 9 Par-la-Ville Road, Hamilton HM11, Bermuda This summary contains information on letters of intent/award and advanced negotiations. Neptune Energy today announced the award of a $21.4m contract to Borr Drilling, consolidating development, exploration and P&A activities in the Dutch and UK sectors of the North Sea, and reducing costs and operational emissions. New contracts for jack-ups in Africa, Asia and North Sea. In addition, the company currently has 19 invitations to tenders and direct negotiations. Simultaneously, Borr Drilling will acquire an incremental 2% stake of the joint ventures performing drilling services (the “Drilling JVs”) from the Mexican partner, and by that hold a 51% majority ownership position. Simultaneously, Borr Drilling will acquire an incremental 2% stake of the joint ventures performing drilling services (the "Drilling JVs") from the Mexican partner, and … As for the new contract awards, Borr Drilling said it has been awarded LOAs for work in the Asia Pacific region for two of its premium jack-ups, of which one is a newbuild being activated. The Drilling JVs will continue to earn day rates from its main customers Opex and Akal through regular drilling contracts. The completion of the sale is expected in the fourth quarter 2020, and Borr Drilling will receive USD 4.5 million sale proceeds. PRESS RELEASE PR Newswire . HAMILTON, Bermuda – Borr Drilling Ltd. has issued an update on its jackup drilling rig fleet. The company’s 2013-built rig Idun has signed a new contract with Vestigo for operations in Malaysia. While none of the top 10 increased its presence in the region, a few companies held their rig counts steady, namely local contractor ADNOC Drilling, as well as Seadrill, Noble, and Borr. Neptune Energy today announced the award of a $21.4m contract to Borr Drilling, consolidating development, exploration and P&A activities in the Dutch and UK sectors of the North Sea, and reducing costs and operational emissions. Lastly, Borr Drilling's jack-up "Gunnlod" has won a contract extension from the Thai oil company PTTEP for eight more wells in Malaysia. Fleet Status For Borr Drilling. The activities will be carried out by Borr Drilling’s new Prospector 1 jack-up rig which is equipped with technologies that […] Announcing its third … Borr Drilling is the market leader in international drilling … VAALCO Energy, Inc. has announced that, in conjunction with its 2021/2022 drilling programme in the Etame Marin block, located offshore Gabon, planned to begin later this year, it has executed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited, to drill two development wells and two appraisal wellbores with options to drill additional wells. --Borr Drilling Limited is pleased to announce that it has been awarded LOAs for work in the Asia Pacific region for two of its premium jack ups, of which one is a newbuild being activated. Borr Drilling said in its new fleet status report that it had added $35.1 million over 480 days to its total backlog. The PPL Pacific Class 400 rig is owned by Oslo-listed Borr Drilling, which reported it added US$35.1M over 480 days to its backlog. Borr Drilling PRIVATE Updated Jun 15, 2021 9:38 PM. Borr Drilling Limited - Update on Contracts and Operations. This page is about Borr Drilling - news - contracts - equipment and safety. In the last month, BORR … Borr Drilling Limited has announced that it has entered into agreements potentially adding a total of USD 48 million over approximately 590 days to the backlog. The Company and its Drilling JVs has been awarded 17 new contracts, extensions, exercised options and LOAs/LOIs since the start of 2021 to the date of … Head Legal & Contracts at Borr Drilling London Area, United Kingdom 500+ connections. The Oslo-listed company said on Monday it has signed contracts (from LOA) with PTTEP for the its two rig, the Saga and the Gunnlod rigs, which both for deployment in Malaysia while ROC Oil have rescinded previously announced notices of early termination for three of Borr Drilling’s rigs. HAMILTON, Bermuda – Borr Drilling has issued an update on its jackup drilling rig fleet. As for the new contract awards, Borr Drilling said it has been awarded LOAs for work in the Asia Pacific region for two of its premium jack-ups, of which one is a newbuild being activated. Borr Drilling has provided a guarantee valued at $ 5.9 million to support OPEX’s operations under contracts with Pemex. Norwegian jackup rig owner Borr Drilling has been awarded a series of new contracts and letters of intent, according to its latest fleet status report. Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. The company expects to close the transaction within the third quarter of 2021. HAMILTON, Bermuda – Borr Drilling Ltd. has issued an update on its jackup drilling rig fleet.. PTTEP has awarded the Saga a one-year contract and the Gunnlod a six-month contract.Both are expected to start in September offshore Malaysia. Apply for a Trial Subscription. Simultaneously, Borr Drilling will acquire an incremental 2% stake of the joint ventures performing drilling services (the "Drilling JVs") from the Mexican partner, and by that hold a 51% majority ownership position. OSLO, Norway, April 13, 2020 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BDRILL) is pleased to announce that it has been awarded LOAs for work in the Asia Pacific region for two of its premium jack ups, of which one is a newbuild being activated. This page is about Borr Drilling - news - contracts - equipment and safety. This is likely to translate to new contracts for warm stacked rigs. Neptune Energy awards Borr Drilling contract for Dutch, UK campaigns. University of Dundee. This page is about Borr Drilling - news - contracts - equipment and safety. Borr Drilling secures series of new contracts - Splash247. Borr Drilling’s bad news. Oslo-listed rig contractor Borr Drilling has secured new contracts and extensions for some of its jack-up fleet. Vice Chairs Associate Members are Andrew Burns, Weatherford and Keith Nelson, Rigmar. Borr Drilling is off to a good start of the year, with the company this week announcing contracts for four offshore drilling rigs. Letters of intent/award or advanced negotiations may not result in an actual drilling contract. VAALCO announced that, in conjunction with its 2021/2022 drilling program planned to begin later this year, it has executed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited, to drill two development wells and two appraisal wellbores with options to drill additional wells. Lastly, Borr Drilling's jack-up "Gunnlod" has won a contract extension from the Thai oil company PTTEP for eight more wells in Malaysia. New contracts for jack-ups in Africa, Asia and North Sea. The company is listed on the New York Stock Exchange (NYSE) under the ticker “BORR” and on Oslo Stock Exchange (OSE) under the … Borr said the company and its drilling JVs have been awarded 17 new contracts, extensions, exercised options and LOAs/LOIs since the start of … Borr Drilling provides contract update which contains two new contracts and several terminations. Borr Drilling has provided a guarantee valued at $ 5.9 million to support OPEX’s operations under contracts with Pemex. Perfomex, in which it owns 49%, provides drilling services under drilling contracts with OPEX per day. As of December 31, 2019, it had awarded $ 100,000 of funds to OPEX. Also, Borr Drilling has said it has signed contracts (from LOA) with Thailand's PTTEP for the Saga and the Gunnlod rigs, both for deployment in Malaysia. The Saga, which had a contract with Eni in Vietnam till July, is expected to start its one-year contract with PTTEP in September 2020. Borr Drilling has just announced that it has received an official contract award from Pemex in Mexico. Join to Connect Borr Drilling. Borr Drilling Limited. Borr Drilling secures additional contracts. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. Borr Drilling Limited is an international drilling contractor to the oil and gas industry. ely 35,000 feet while operating in water depths ranging from 30 to 400 feet. Neptune Energy will use Borr Drilling’s new Prospector 1 rig for a range of jobs offshore Netherlands and UK as part of a $21.4 million contract. Perfomex, in which it owns 49%, provides drilling services under drilling contracts with OPEX per day. 12 talking about this. The new contract is expected to be based on the same economics and structure as the first two contracts and secures the employment of a third modern jack-up drilling rig with expected commencement in the fourth quarter 2019 for an anticipated duration to be around 18 months. As of December … The contracts' estimated duration, excluding options, will be for 365 days and 200 days respectively. As of December 31, 2019, it had awarded $ 100,000 of funds to OPEX. Borr Drilling trio score new contracts. Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. ExxonMobil cuts short two Borr jackup contracts offshore Nigeria. 28 th Floor, Reef Tower, Cluster O, Jumeirah Lake Towers, Post Box - 36913, Dubai - UAE. It owns, contracts, and operates jack-up rigs for … Vaalco Energy has signed a contract with Borr Drilling for a jack-up for work on the Etame Marin block. The well is operated by Dana Petroleum and SDX holds 35% working interest (38.89% paying interest) in the concession. Shallow water drilling rig contractor Borr Drilling said Wednesday it had entered into agreements potentially adding a total of $48 million over approximately 590 days to its rig contract backlog. 12 talking about this. In a presentation last week, the company said it had secured a 6-month drilling contract for the Norve rig in West Africa. Speaking to the early signs of recovery, Borr Drilling has put four warm stacked rigs to work since Q2 2020. Borr Drilling has found work for one of its many jack-up drilling rigs – the Norve. In central Africa, BW Energy has confirmed a contract for the currently warm-stacked jack-up rig Norve to begin a two-well drilling campaign in Gabon starting in April 2021.. There was a smidgen of positive news from Asia-Pacific, where two of Borr’s jack-ups got letters of award for contracts of 365 days and 200 days duration, supposedly starting work in … The Company focuses on acquiring and operating drilling assets. Borr Drilling Limited is an international drilling contractor to the oil and gas industry, with the ambition of acquiring and operating modern drilling assets. Borr Jack Up XIV, a unit of Bor READ MORE… The Oslo-listed company said on Monday it has signed contracts (from LOA) with PTTEP for the its two rig, the Saga and the Gunnlod rigs, which both for deployment in Malaysia while ROC Oil have rescinded previously announced notices of early … Neptune Energy awards Borr Drilling contract for Dutch, UK campaigns. New Contracts / Extensions / Amendments. Borr Drilling Limited is based in Hamilton, Bermuda. Also, Borr Drilling has said it has signed contracts (from LOA) with Thailand's PTTEP for the Saga and the Gunnlod rigs, both for deployment in Malaysia. The rig is entitled to an early termination fee as per contract provisions. Investor Enquiries: rmlundetrae@borrdrilling.com. According to the 4Q report, Borr Drilling has been awarded eight new contracts/LOAs/LOIs or contract extensions since the start of the fourth quarter 2020 to date. Drilling is expected to start in April 2021. Borr Drilling Ltd. (BORR) stock gained by 3.06% at the last trading close while the BORR stock price continued to rise by 4.45% at the last check in the pre-market. The industry is currently under significant stress, and we wish to establish a platform upon which we can capitalise on identified opportunities. 12 talking about this. The rig has one further optional period still to be confirmed which could keep the rig active for the remainder of the year, Borr Drilling said. This page is about Borr Drilling - news - contracts - equipment and safety. This page is about Borr Drilling - news - contracts - equipment and safety. We are listed on the Oslo Stock Exchange and since July 31, 2019, on the New York Stock Exchange under the ticker BORR. Published 13 January 2021 4:40 GMT. Borr Drilling's Q1 report indicated that the company managed to get new contracts, but market's reaction was muted. Borr Drilling Limited (the “Company”) (NYSE: BORR), (OSE: BDRILL), jack up drilling contractor, has recently released its fleet reports.. Borr Drilling Limited is a drilling contractor to the oil and gas industry. “Borr Drilling was able, as the only company in the drilling contractor space, to raise equity twice this year,” CEO Patrick Schorn bragged in the third quarter report. Vaalco Energy has signed a contract with Borr Drilling for a jack-up for work on the Etame Marin block. The Company focuses on acquiring and operating drilling assets. 24/03/2021. The PPL Pacific Class 400 rig is owned by Oslo-listed Borr Drilling, which reported it added US$35.1M over 480 days to its backlog. The company has labeled the contracting environment as positive. “We are pleased to announce Mr Schorn as the new CEO of Borr Drilling,” Paal Kibsgaard, … Neptune Energy today announced the award of a $21.4m contract to Borr Drilling, consolidating development, exploration and P&A activities in the Dutch and UK sectors of the North Sea, and reducing costs and operational emissions. Borr Drilling Limited was incorporated in Bermuda on August 8, 2016. Baar, Switzerland, 20 August 2019 – CEVA Logistics has reinforced its reputation in the global energy sector with the renewal of its contract with Borr Drilling for an additional year to the end of August 2020. Borr Drilling. Perfomex, in which it owns 49%, provides drilling services under drilling contracts with OPEX per day. The drilling joint venture will continue to earn day rates from its main customers, Opex and Akal, through regular drilling contracts. 13, 2020, 05:47 PM. VAALCO has executed a contract with Borr Jack-Up XIV for its 2021/2022 drilling program. Image by Borr Drilling. There was a smidgen of positive news from Asia-Pacific, where two of Borr’s jack-ups got letters of award for contracts of 365 days and 200 days duration, supposedly starting work in … Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. Borr Drilling Limited is a public limited liability Company incorporated under the laws of Bermuda with registration number 51741. Keppel Offshore and Marine has, through its wholly owned subsidiary Keppel FELS, delivered the jackup rig Hild to Borr Drilling safely, on time and within budget.. The extension is expected to keep the rig busy until September 2021. Company Website. Borr Drilling said in February it would, based on current contracts, be cash-flow positive from the end of Q2, 2019. The extension is expected to keep the rig busy until September 2021. The … Providing some color on the contracting opportunities, Borr Drilling said: ”Borr Drilling’s current visibility in tender and direct negotiations stands at 19. The cumulative hit to the backlog is small, but there's more to … BW Energy has contracted the Norve for two wells plus one option offshore Gabon. Borr Drilling Ltd. has issued an update on its offshore drilling rig fleet. Norwegian offshore driller Borr Drilling has been awarded new contracts and LOIs worth a total value of $35.1m according to its latest fleet … Neptune Energy has announced the award of a US$21.4 million contract to Borr Drilling, consolidating development, exploration and P&A activities in the Dutch and UK sectors of the North Sea, and reducing costs and operational emissions. Lastly, Borr Drilling's jack-up "Gunnlod" has won a contract extension from the Thai oil company PTTEP for eight more wells in Malaysia. Borr Drilling Limited (the “Company”) (NYSE: “BORR”, OSE: “BDRILL”) is pleased to announce that it has been awarded LOAs for work in the Asia Pacific region for two of its premium jack ups, of which one is a newbuild being activated. Built to Keppel’s proprietary KFELS Super B Class design, Hild is the sixth jackup that Keppel has delivered to Borr Drilling out of the 11 that have been ordered. Fleet Status Report - 29 th May 2019. InfieldRigs online tracks the global offshore drilling rig fleet, including mobile offshore drilling units (MODU's); categorised by: Jackups, Semi-submersibles, Drillships and Others (Tender rigs and Semi-tenders). ExxonMobil has rescinded the notices of early termination and replaced with suspension notices for the Gerd and Groa. 72 talking about this. The Drilling JVs will continue to earn day rates from its main customers Opex and Akal through regular drilling contracts. It was the same story when Borr Drilling provided its update this month . Borr Drilling has taken a 30% knock to its revenues after a series of cancellations and delays to contracts by oil and gas operators. The rig is currently warm stacked. S.E. Borr Drilling Wins New Rig Contracts, Extensions Worth $48M. Apr 13th, 2020. Borr Drilling Limited reported Monday that it has secured letters of award for work in the Asia Pacific region for two of its premium jack-ups, one of which is a newbuild undergoing activation. Borr Drilling Limited is an international drilling contractor to the oil and gas industry, with the ambition of acquiring and operating modern drilling assets. The contracts' estimated duration, excluding options, will be for 365 days and 200 days respectively. Borr Drilling Limited is an international drilling contractor to the oil and gas industry. The Eir Jackup is managed by Borr Drilling, owned by Borr Drilling and became operational in 1999 ... Nexen contracts 'GSF Galaxy III' for Buzzard field accommodation work. 24 March 2021 Editor Contracts, Exploration, Oil/Gas 0. photo: Borr Drilling. Borr Drilling, a drilling contractor that owns and operates jack-up rigs of modern and high-specification designs, provides drilling services to the oil and gas exploration and production industry worldwide (photo: Borr Drilling) “Borr Drilling was able, as the only company in the drilling contractor space, to raise equity twice this year,” CEO Patrick Schorn bragged in the third quarter report. Borr Drilling Management DMCC. Neptune Energy awards Borr Drilling contract for Dutch, UK campaigns in News, Safety and ESG Mar 24, 2021 0 Neptune Energy announced the award of a $21.4 million contract to Borr Drilling, consolidating development, exploration and P&A activities in the Dutch and UK sectors of the North Sea, and reducing costs and operational emissions. Borr Drilling Limited is a global drilling contractor t Apr. Borr Drilling, representing historic profits in the IWS JVs and some settlements of other payables, which is incremental to the dayrate earnings resulting from ... regular drilling contracts. It was the same story when Borr Drilling provided its update this month . ... Borr has secured new contracts … The sale is expected to close in the second quarter of 2020. The Norve jack-up rig. Borr Drilling, a Norwegian contractor of shallow water drilling rigs, warned on Monday that the company continued to face a "very challenging" … The Company focuses on acquiring and operating drilling assets. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. Baar, Switzerland, 20 August 2019 – CEVA Logistics has reinforced its reputation in the global energy sector with the renewal of its contract with Borr Drilling for an additional year to the end of August 2020. Oslo-listed rig contractor Borr Drilling has secured new contracts and extensions for some of its jack-up fleet. The jackup Odin drilling rig began a contract with Pemex earlier this year. Borr Drilling is an international drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry worldwide in water depths up to approximately 400 feet. Following its campaign with Neptune, the Prospector 5 has safely arrived in Harwich. The extension is expected to keep the rig busy until September 2021. Posted 16/06/2021 11:41. Nexen has awarded Transocean’s ‘GSF Galaxy III’ jackup drilling rig a two and a half month contract extension for continued operations in the UK North Sea. Borr Drilling | 55.310 volgers op LinkedIn. Company's newbuild jackups Grid and Gersemi will … Borr Drilling has signed an agreement to sell semisubmersible MSS1 for recycling for proceeds of USD2.2 million. Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces preliminary unaudited results for the three months ended March 31, 2021. The rig has one further optional period still to be confirmed which could keep the rig active for the remainder of the year, Borr Drilling said. The Saga, which had a contract with Eni in Vietnam till July, is expected to start its one-year contract with PTTEP in September 2020.

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