Borr Drilling gets early terminations but also new drilling contracts

Offshore drilling contractor Borr Drilling has received notices of early termination for several of its drilling rig contracts, but it has also been awarded new contracts for its rigs. As a result, Borr’s total revenue backlog has been impacted negatively by about $16 million.

Borr said in an update on Monday it had been awarded letters of award for work in the Asia Pacific region for two of its premium jack-ups, of which one is a newbuild being activated.

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