Borr Drilling signs LoA for jack-up drilling rig

Source: press release, 15 July 2022

photo: Borr Drilling
photo: Borr Drilling

Borr Drilling Limited has announced it has secured a binding letter of award (LoA) for the premium jack-up drilling rig Mist from Mubadala Petroleum in Thailand for an estimated duration of 210 days.

The program is expected to commence in January 2023 and has an estimated total contract value of USD 25.2 million.