Borr Drilling Commences Operations and Secures New Contracts
News related to:Borr Drilling Limited · 1 min read
HAMILTON, Bermuda, Sept. 15, 2026 /CourierPR/ -- Borr Drilling Limited, an international drilling contractor, announced operational and contract updates for its fleet of jack-up rigs. The company reported that its rig, the Odin, has commenced operations in the Americas, marking a significant milestone in its ongoing efforts to expand its operational footprint.
Following a successful mobilization and acceptance testing process in mid-August, the Odin began earning dayrate revenues on September 11, 2026. This development is crucial for Borr Drilling as it aims to enhance its revenue streams and operational efficiency.
In Southeast Asia, Borr Drilling secured a new contract with an undisclosed operator in Vietnam. The three-well campaign, estimated to last 130 days, is set to commence in the fourth quarter of 2026. This contract is a testament to the company's ability to secure new business opportunities in diverse markets.
Additionally, Borr Drilling announced that ENI, a major client, has exercised a nine-month option on the Bestla rig, extending its contract until September 2027. ENI also holds an additional fixed-price option to extend the contract by another nine months. The company plans to assume operational management of the Bestla in the fourth quarter of 2026, following the completion of its bareboat charter with the previous owner.
Borr Drilling Limited, incorporated in Bermuda and listed on the New York Stock Exchange and Euronext Oslo Børs, continues to focus on providing services to the shallow-water segment of the offshore oil and gas industry. The company's commitment to modern and high-specification jack-up rigs positions it well to meet the demands of its clients.
These updates underscore Borr Drilling's strategic focus on expanding its operational reach and securing new contracts. The company's ability to secure contracts in different regions, including the Americas and Southeast Asia, highlights its growing presence in the global drilling market.