In a sign of the continuing uptick of offshore drilling activities in a number of regions, Borr Drilling Limited [NYSE and OSE: BORR] today reported new contract commitments for three of its premium jack-up rigs, the Arabia I, the Gunnlod and the Norve. The commitments cover a total of 1,779 days and $332 million in contract revenue, including mobilization and demobilization compensation.
The Arabia I, which had its work scope suspended earlier this year in Saudi Arabia has secured a new...