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Borr Drilling Bags Two Jack-up Rigs Contracts in US, Mexico

MT Newswires·01/06/2026 04:57:27
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04:57 AM EST, 01/06/2026 (MT Newswires) -- Jackup drilling contractor Borr Drilling (BORR.OL) said Tuesday it secured new contracts for two jack-up rigs in Mexico and the US. The company's Ran rig extended its contract with Eni (ENI.MI) by one well in Mexico. The expected duration of the well is 75 days, with an option to extend the contract for an additional 240 days. In the US, Borr Drilling's Odin rig obtained a contract for two wells plus an optional well with an unnamed customer. Expected to start by mid-2026, the project has an estimated duration of 60 days per well. Odin's new firm commitment triggered an option mechanism in its previous contract in the Gulf of America, providing the customer, Cantium, with a six-month optional period from January 2027.