Borr Drilling Limited - Contracting Updates
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, Jan. 6, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (Euronext Growth Oslo: BORR) (the "Company") is pleased to announce new contract commitments for two of its premium jack-up rigs.In the Americas, the Ran has received a one-well extension with ENI in Mexico. The well has an anticipated duration of 75 days, keeping the rig on firm contract through March 2026. The remaining options under the contract allow for 240 days of extension beyond the end of the new committed term.Additionally, the Odin has secured a contract for two wells plus an optional well with an undisclosed operator in the United States of America. The campaign is expected to commence mid-2026, with an estimated duration of 60 days per well.As a result of the Odin's new firm commitment, an option mechanism in the rig's previously announced contract for work in the Gulf of America has been activated that provides the customer Cantium with six months of optional period commencing in January 2
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News
- Borr Drilling (NYSE:BORR) had its "neutral" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- A Look At Borr Drilling (NYSE:BORR) Valuation After New Jack Up Rig Contracts Extend Work Into 2027 [Yahoo! Finance]Yahoo! Finance
- Borr Drilling (BORR) Completes $84M Offering, S&P Downgrades to ‘B' [Yahoo! Finance]Yahoo! Finance
- 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
Sec Filings
- 1/6/26 - Form 6-K
- 12/10/25 - Form 6-K
- 12/10/25 - Form 424B5
- BORR's page on the SEC website