Borr Drilling Limited announced on April 8, 2025, that its 'Thor' rig has received a binding Letter of Award from Vietsovpetro in Vietnam. This new contract is for a three-well program.
The program for the 'Thor' rig is expected to commence in April 2025. This commitment ensures continued utilization for the rig and strengthens Borr Drilling's presence in the Southeast Asian market.
Securing this contract adds to the company's revenue backlog and demonstrates ongoing demand for its modern, high-specification jack-up rigs in key international markets.
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