Borr Drilling wins contract for Saga jack-up drilling rig in Southeast Asia
Borr Drilling Limited said that it has been issued a binding letter of award (LOA) for the Saga jack-up drilling rig from an undisclosed energy upstream operator in Southeast Asia.
According to the Bermuda-based drilling contractor, the program for the Saga jack-up drilling rig is likely to begin in Q4 2022. This will be in direct continuation of the current contract and will be for a duration of four years.
Borr Drilling wins contract for Saga jack-up drilling rig in Southeast Asia. Photo courtesy of Julius Romero from Pixabay.
The extended contract comes with options. It will cover a one-well drilling program with an expected duration of 45 days.
Borr Drilling said that following the LOA, its contracted fleet has increased to 20 drilling rigs out of a total of 23 rigs that were delivered.