Borr Drilling Limited - Operational and Contracting Updates
Borr Drilling's jack-up rig Odin has commenced its contract offshore Texas and began earning dayrate revenues on September 11, 2026, following mid-August mobilization and acceptance testing. In Southeast Asia, the Idun was awarded a three-well, roughly 130-day campaign with an undisclosed operator in Vietnam, scheduled to start in Q4 2026 in direct continuation of the rig's current contract.
Key figures
- Eni option months
- 9
- Odin dayrate start
- September 11, 2026
- Vietnam contract days
- 130
- Vietnam contract start
- Q4 2026
- Vietnam contract wells
- 3
- Bestla contract extended to
- September 2027
- Bestla additional option months
- 9
AI analysis
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