Borr Drilling: Demand for jack-up rigs growing

The market for modern jack-up rigs has reached 90 percent utilization – for the first time in the cycle – and the demand for jack-up rigs is growing, offshore drilling company Borr Drilling has said.

Borr said there is visible demand for more than 50 jack-ups in the next 12 months, most of which is coming from the Middle East (19) rigs, Mexico (12), South-east Asia (9), West Africa (8), India (3), with the remaining coming from the rest of the world.

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