Borr Drilling Limited (BDRILL) – Contract Award for Two Premium Jack-up Rigs in Mexico
Friday 15 March 2019
Borr Drilling Limited announced that one of its subsidiaries, in partnership with OPEX Perforadora S.A. de C.V., has received an official award from Petroleos Mexicanos (“PEMEX”) for the delivery of offshore wells in Mexico
Under this award, Borr will deliver a total of 9 offshore development wells to their customer under an integrated services model. The scope of services will include the deployment of two of the Company’s premium new build jack-ups, the “Grid” and “Gersemi”, both of PPL 400 design which are built to meet the requirements of PEMEX, for period estimated to be around 18 months and expected commencement in mid-2019. Further, under this project, Borr will leverage on its strategic collaboration with their partner and main shareholder, Schlumberger, to provide comprehensive oilfield services and deliver an end-to-end well solution to our customer.