Borr Drilling Secures New Contracts for Three Rigs

Borr Drilling Limited announced on September 30, 2026, that it has secured new commitments for three of its premium jack-up rigs. The company's shares are traded on both the NYSE and OSE under the ticker BORR.

The jack-up rig Norve has received a binding letter of award from an undisclosed operator in West Africa. This commitment is expected to commence in mid-December 2026 and includes a firm scope for three wells with an estimated duration of 245 days, keeping the rig contracted until August 2027. The agreement also includes priced options for an additional estimated 175 days.

Additionally, two other premium jack-up rigs in Borr Drilling's fleet have secured new contracts. These contracts are scheduled to commence in early 2027 and cover a combined firm period of approximately 2.5 years. The company has not disclosed the specific operators or geographical locations for these latter two contracts.

These new contracts enhance Borr Drilling's backlog visibility and revenue stability, reinforcing its position in the offshore drilling services market.