Borr Drilling Lands Three Jackup Contract with PEMEX
Borr Drilling has secured an integrated services contract to provide three jackup rigs to PEMEX under its “Cluster 2” agreement. The first rig, the “Grid”, has arrived on site and is currently commencing its contract, while the second rig, the “Gersemi”, is expected to commence shortly thereafter.
Borr also received an award from Pemex for an additional contract, which is the third contract under “Cluster 2” for the company. The new contract is expected to be based on the same economics and structure as the first two contracts and secures the employment of a third modern jack-up drilling rig with expected commencement in the fourth quarter 2019 for an anticipated duration to be around 18 months.