Financial Ports

Borr Drilling’s $1.4bn gamble: three rigs land contracts

CLAVE 1 / 4Borr Drilling secures three new contracts for its Norve, Natt and Joro rigs, extending operations into 2027.

CLAVE 2 / 4Norve rig lands 245-day firm scope in West Africa, with options for an additional 175 days.

CLAVE 3 / 4Shell Nigeria exercises one-well option on Natt rig, keeping it contracted until August 2027.

CLAVE 4 / 4Joro rig awarded 60-day accommodation contract in the UK, with 56-day priced options.

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