(Editors at Energy Analytics Institute, 20.Oct.2022) — Borr Drilling Limited announced its joint venture (JV) company in Mexico Perfomex entered into new contracts for the company’s 5 premium jack-up rigs “Galar”, “Gersemi”, “Grid”, “Njord” and “Odin” with OPEX Perforadora S.A. de C.V. and Perforadora Profesional Akal I S.A. de C.V., providers of integrated well services to state-owned Pemex.
The contracts are effective from 20 Oct. 2022 and will maintain all 5 rigs contracted until 31 Dec. 2025 for a combined contract value of $715mn, including upfront cash payments of $33mn in total.