Borr Drilling has completed its previously announced acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million.
This acquisition increases Borr Drilling’s fleet to 29 rigs, strengthens our ability to serve customers across key offshore basins, and solidifies our position as the leading pure-play owner of premium jack-up rigs. Following this transaction, Borr Drilling continues to own the youngest jack-up rig fleet with an international footprint.
Borr Drilling’s Chief Executive Officer Bruno Morand commented, 'We are pleased to have expanded our premium fleet at an opportune point in this market cycle. These five jack-up rigs are highly compatible with our existing portfolio and provide well-suited capacity for near-term opportunities. The Borr Drilling platform - built on operational excellence, customer centricity, and our premium jack-up rig fleet - remains our defining competitive advantage, and we believe this expansion will deepen customer relationships and drive attractive long-term value for shareholders.'
Rig Renaming
In connection with the acquisition, the five jack-up rigs are to be renamed as follows:
Source: Borr Drilling
