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BDRLF - Borr Drilling Suffers Setback As 2 Letters Of Intent Get Canceled
Borr Drilling Ltd
Bad news for Borr Drilling (BDRLF) shareholders: the company has just released its fleet status report, which shows that two letters of intent for jack-ups have been canceled and no new contracts were awarded.
As per the report, jack-ups Saga and Skald are no longer expected to receive contracts. The previous fleet status report which was published in April indicated that Saga and Skald had letters of intent for multi-year contracts starting in the first quarter of 2020 with an undisclosed operator. This news comes at a time when Seadrill (SDRL