Idun
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escveritas
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jack up RIg Idun has been awarded an LOA to commence operations in the first quarter of 2021, increasing the number of active rigs for the Company in Asia to a total of four. The contract’s estimated duration, excluding options, is for a period up to 12 months.
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escveritas
- Site Admin
- Posts: 3699
- Joined: Sat Aug 29, 2020 5:40 am
- Location: Singapore
- Contact:
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 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.
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