Oslo-listed Borr Drilling has lined up contracts for its Frigg and Gunnlod jack-up drilling rigs for a total of nearly $310 million, the company reported Friday.
Borr did not identify the clients but said the awards increase its contracted fleet to 21 of 22 delivered rigs.
The Frigg contract has a duration of five years plus options and will see the premium jack-up deployed to the Middle East in the third quarter of 2023. The contract is worth an estimated $282 million, including a mobilisation fee.
Gunnlod, also described as a premium jack-up, has received a binding letter of award from an undisclosed customer for work in Southeast Asia. Work is expected to begin in June 2023 and last approximately 205 days, Borr said.
The Gunnlod contract is valued at $27.5 million.
The Bermuda-headquartered drilling contractor said the deals increase its backlog by approximately 2030 days excluding optional periods.
In October, Borr said its Mexico joint venture, Perfomex, had signed new contracts with Opex Perforadora and Perforadora Profesional for five rigs — Odin, Njord, Gersemi, Grid and Galar — for a total $715 million.
The jack-ups will work offshore Mexico for state-run oil company Pemex.