Borr Drilling paints rosy picture on hi-spec jack-up market outlook

Jack-up drilling rig operator Borr Drilling is optimistic about what the future – or the present even – holds for its modern drilling rigs as the global jack-up rig fleet utilization continues improving.

The company currently owns a fleet of 22 premium (delivered in 2001 and after) jack-up rigs, four standard jack-up rigs (built before 2001) and one semi-submersible. It also has 4 contracts for delivery of eight rigs from yards before the fourth quarter of 2020.

“When all newbuild rigs have been delivered, the fleet will consist of 34 rigs, whereof 30 are premium, of which 28 built after 2010.”

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