HAMILTON, Bermuda, Oct. 4, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") has today published an investor presentation enclosed to this release and on its website www.borrdrilling.com, in addition to providing the following contracting updates.
In September 2023, the premium jack-up rig "Idun" received a Letter of Intent (LOI) for a 24 months' program in Southeast Asia starting in January 2024. We expect this LOI to be converted into a firm contract in October 2023. The contract value for this award is expected to be around $124 million.
In August 2023, the premium jack-up rig "Arabia III" successfully commenced its 5 year firm contract with Aramco. The contract started ahead of schedule, continuing the track record of the "Arabia I" and "Arabia II" which started their respective 3 year contracts with Aramco in Q4 2022.
Also in August 2023, our premium jack-up rig "Hild" completed its ...