Borr Drilling Limited announced on August 27, 2025, new contract commitments for two of its premium jack-up rigs, 'Prospector 1' and 'Mist'. This update further strengthens the company's operational outlook.
The 'Prospector 1' rig, operating in the North Sea, attained separate binding Letters of Award. This secures continued work for the rig in a key region.
Additionally, the 'Mist' rig, operating offshore Thailand, also secured new contract commitments. These awards contribute to Borr Drilling's overall contract backlog and ensure high utilization rates for its modern fleet.
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