Tower Resources plc (AIM: TRP), a prominent AIM-listed oil and gas company with a focus on Africa, has recently announced a significant development in its exploration activities. The company has been formally notified by the Minister of Mines, Industry and Technological Development in Cameroon (MINMIDT) of the extension of the First Exploration Period of the […]
Borr Drilling Limited has signed an agreement with an unrelated third party to divest the Gyme jack-up drilling rig for $120 million. According to the Bermuda-based drilling contractor, the Gyme drilling rig is a 2018 PPL Pacific Class 400, which is currently in Singapore. The Gyme rig is yet to be activated and hasn’t been […]
Borr Drilling said that it has been issued a binding letter of intent (LOI) for providing its Prospector 5 jack-up drilling rig for a six-well drilling program in West Africa. The Bermuda-based drilling contractor did not disclose the name of the operator in West Africa. According to Borr Drilling, the drilling campaign with its Prospector […]
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 […]