The New York -and- Oslo-listed drilling contractor Borr Drilling Limited has completed its earlier announced acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360m.
The Hamilton, Bermuda headquartered Borr Drilling states that this acquisition increases its fleet to 29 rigs, and strengthens its ability to serve customers across “key offshore basins.”
Bruno Morand, Borr Drilling’s chief executive officer, commented, “We are pleased to have expanded our premium fleet at an opportune point in this market cycle. These five jack-up rigs are highly compatible with our existing portfolio and provide well-suited capacity for near-term opportunities. The Borr Drilling platform – built on operational excellence, customer centricity, and our premium jack-up rig fleet – remains our defining competitive advantage, and we believe this expansion will deepen customer relationships and drive attractive long-term value for shareholders.”
The company owns and operates jack-up rigs and provides services focused on the shallow-water segment to the offshore oil and gas industry worldwide.
