Borr Drilling Limited (NYSE and OSE: BORR) announced earlier today that it has secured a binding Letter of Award (“LOA”) for the premium jack-up drilling rig Saga from an undisclosed operator in Southeast Asia.
The program is expected to commence in Q4 2022, in direct continuation of the current contract, for a duration of four years plus options.
The company has after this a contracted fleet of 20 rigs out of a total of 23 delivered rigs.