Africa's Oil, Gas and Energy News.
Borr Drilling has announced that its premium jack-up rigs “Prospector 5” and “Natt” have received a Letter of Award (LOA) for work in West Africa in direct continuation of their current contracts. The contracts will have a combined duration of 1,307 days and a total estimated contract value is $211 million.
Under this LOA, the “Prospector 5” and “Natt” will remain contracted until May 2026 and December 2025, respectively.