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BDRLF - Borr Drilling Gets 2 Long-Term Contracts In Mexico
Borr Drilling Ltd
In my previous article on Borr Drilling (BDRLF), I stated that the company was a buy due to attractive valuation, solid access to financing, improving market for modern jackups, and potential for new contracts. It did not take long for the new contracts to emerge.
Borr Drilling has just announced that it has received an official contract award from Pemex in Mexico. Company's newbuild jackups Grid and Gersemi will work for Pemex for 18 months from July 2019 to December 2020. Borr noted that in this project it will be able to provide