Borr Drilling Announces Agreement to Acquire Five Premium Jack-Up Rigs
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, Dec. 8, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) ("Borr Drilling" or the "Company") has entered into an agreement to acquire five premium jack-up rigs from Noble Corporation, consisting of three Friede & Goldman JU-3000N design rigs and two Gusto MSC CJ50 design rigs, for a total purchase price of $360 million.These rigs have complementary specifications and geographic footprint to Borr Drilling's existing fleet, enabling the Company to leverage its best-in-class platform to maximize the value of these assets while offering our customers a larger and versatile fleet. Upon completion of the acquisition, the Company's fleet size will increase from 24 to 29 rigs, further strengthening its position as the owner of the youngest premium jack-up fleet globally.Two of the rigs will be chartered back to the seller on a bareboat basis for a period of 12 months allowing the seller to complete the current drilling contracts for these rigs. The bareboat contracts
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- James Grant says his best stock pick of 2025 may still be cheap [Seeking Alpha]Seeking Alpha
- Borr Drilling (BORR) Fell This Week. Here is Why [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Made Its Bet With A New Acquisition (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Borr Drilling Limited (BORR) Announces Agreement to Acquire Five Premium Jack-Up Rigs [Yahoo! Finance]Yahoo! Finance
- Looking at the Narrative for Borr Drilling After Offshore Contracts and Fleet Expansion [Yahoo! Finance]Yahoo! Finance
BORR
Sec Filings
- 12/10/25 - Form 6-K
- 12/10/25 - Form 424B5
- 12/9/25 - Form 6-K
- BORR's page on the SEC website