borr drilling contract in nigeria

The Drilling JVs will continue to earn day rates from its main customers Opex and Akal through regular drilling contracts. Borr Drilling serves customers worldwide. 28 th Floor, Reef Tower, Cluster O, Jumeirah Lake Towers, Post Box - 36913, Dubai - UAE. Borr Drilling Limited [NYSE: BORR] traded at a low on 04/09/21, posting a -1.96 loss after which it closed the day’ session at $1.00. Borr Drilling Management DMCC. New contracts for jack-ups in Africa, Asia and North Sea. The extension is expected to keep the rig busy until September 2021. Borr Drilling named Magnus Vaaler as its new Chief Financial Officer, replacing Christoph Bausch.. Mr Vaaler previously served as Vice President of Investor Relations and Treasury at Borr. Offshore drilling contractor Borr Drilling has entered into agreements potentially adding a total of $48 million over approximately 590 days to its contract backlog. Africa-focused oil company Vaalco Energy has signed a contract with offshore drilling firm Borr Drilling for the drilling operations at the Etame block, offshore Gabon. LONDON– Ensco plc has issued an update on its offshore drilling rig fleet.. Offshore Nigeria, Shell has awarded a one-year contract extension to the high-spec ultra-deepwater drillshipENSCO DS-10.. The commitment is for a firm one-year period with possible extension, commencing in Q3 2017. Dubai-based Shelf Drilling has been awarded a contract by Amni for 1981-built jackup drilling rig . OSLO, Norway, June 15, 2021 /PRNewswire/ -- Borr Drilling Limited (the "Company", "Borr Drilling") (NYSE: BORR) and (OSE: BORR) has … Borr Drilling, in conjunction with Nigerian partner company Valiant Energy Services West Africa, has received a letter of commitment from Total E&P Nigeria for the employment of its premium jack-up Frigg. Abu Drill Tech Limited is a drilling contracting company specializing on water borehole drilling, construction of overhead tanks, geological survey and many more. African Petroleum Oil field Services Limited (APOS) drilling services includes shallow water and deep offshore oil drilling operations in Nigeria. Borr Drilling Limited (Borr Drilling) (NYSE and OSE: “BORR) has five rigs working for joint ventures which are jointly owned with our Mexican partner providing integrated well services for Pemex.The services commenced in May 2019 and have provided Pemex with an incremental production of approximately 125,000 barrels of oil per day from 21 wells drilled so far. The contract was terminated due to the unfortunate Covid-19 situation end of July 2020. LATEST NEWS. We either own rigs or partner with foreign rig manufacturers to offer you drilling rigs. Borr is also in advanced talks to secure further work for two jack-ups. Borr Drilling, a recently established offshore drilling company, has received a letter of commitment from Total for the use of one of its jack-up rigs in Nigeria. The rig has one further optional period still to be confirmed which could keep the rig active for the remainder of the year, Borr Drilling said. Borr Drilling Ltd. (BORR) stock gained by 3.06% at the last trading close while the BORR stock price continued to rise by 4.45% at the last check in the pre-market. Offshore staff. Borr Drilling Limited (the “Company”) (NYSE: “BORR”, OSE: “BDRILL”) is pleased to announce that it has been awarded LOAs for work in the Asia Pacific region for two of its premium jack ups, of which one is a newbuild being activated. ... Jack-up Natt (2018) got a contract from First E&P in Nigeria. Drilling optimizer @Borr drilling. CURRENT PRICE. The two rigs are KFELS Super A class design, built at Keppel, Singapore, in 2013. 7 OES Energy Services Limited 6C, Abdulrahman Okene Close, Off Ligali Ayorinde, Victoria Island, Lagos The contract started in May. BORR INTERNATIONAL OPERATIONS I INC has 1400 employees at this location and generates $578,656 in sales (USD). New Contracts / Extensions / Amendments Prospector 1 Signed Contract (from LOI): May 2021 to August 2021 and December 2021 to March 2022, Neptune, Netherlands Simultaneously, Borr Drilling will acquire an incremental 2% stake of the joint ventures performing drilling services (the “Drilling JVs”) from the Mexican partner, and by that hold a 51% majority ownership position. Borr Drilling’s bad news. In late January, the company took delivery of Njord, the ninth and final premium newbuild jackup from PPL Shipyard. In a fleet status update this week, Borr said it had won one new contract for its Odin jack-up drilling rig … The rigs were previously expected to work for ExxonMobil in Nigeria until April 2021 and May 2021, respectively. Borr Drilling, a recently established offshore drilling company, has received a letter of commitment from Total for the use of one of its jack-up rigs in Nigeria. It was the same story when Borr Drilling provided its update this month . "The contracts for both rigs require 180 days notice for early termination. ExxonMobil has issued notices of early termination for drilling contracts with Borr Drilling jackups Gerd and Groa, which have been working for ExxonMobil offshore Nigeria. HAMILTON, Bermuda – Borr Drilling has issued an update on the status of its jackup fleet. The contract was scheduled to start in May 2021 and last until September 2021. Borr Drilling (BORR) has just provided its new fleet status report. • Reviews contractors safety processes and tools, safety systems, programs, initiatives, goals and policies … [ 15 June 2021 ] TWMA awarded 3-year extension for Aker BP’S Valhall Flank project Contracts [ 15 June 2021 ] Wood extends long-standing relationship with Equinor in Norway Contracts [ 15 June 2021 ] Borr Drilling enters MoU to streamline Mexico operations and improve liquidity Contracts Borr Drilling received approximately $9 million cash from the Drilling JVs in the first quarter of 2021, and approximately $7.5 million after quarter end. Before this, the rig had operated for First E&P, also in Nigeria. There was a smidgen of positive news from Asia-Pacific, where two of Borr’s jack-ups got letters of award for contracts of 365 days and 200 days duration, supposedly starting work in … The estimated duration is six months. The Oslo-listed company said Monday it had entered into a contract and LOIs for three of its currently warm stacked rigs, adding USD 21 million to the total backlog, "with good prospects for additional backlog on these units." The contract started in May. According to the driller, which recently bought Transocean’s entire jack-up rig fleet, the company has, together with its Nigerian par Provide drilling expertise and leadership to ensure that drilling rig operations are conducted in accordance with the drilling contract and that well programs are executed in accordance with operator’s instructions. Borr Drilling, in conjunction with Nigerian partner company Valiant Energy Services West Africa, has received a letter of commitment from Total E&P Nigeria for the employment of its premium jack-up Frigg . Fleet Status Report - 29 th May 2019. Reviews and thoroughly understands Regulatory, Upstream Nigeria and Contractor safety policies and manuals. HAMILTON, Bermuda – Borr Drilling Ltd. has issued an update on its offshore drilling rig fleet. To this end, oil giant ExxonMobil is set to cut short two of its contracts offshore Nigeria as well as others across the world which worth about $16 million. Image courtesy by Borr Drilling. Borr Drilling Limited is pleased to announce in its fleet status report today that it has entered into a new contract, an extension and received an LOA, adding USD 35.1 million over approximately 480 days to the total backlog, with good prospects for additional backlog on these units. The industry is currently under significant stress, and we wish to establish a platform upon which we can capitalise on identified opportunities. Report this profile Activity Another beauty in … New Contracts / Extensions / Amendments. Niger Blossom Drilling Company Limited is the leading provider of global onshore contract drilling services and rigs maintenance. The company has received letters of award for work in the Asia/Pacific region for two of its premium … The two rigs were previously expected to work for Exxon in Nigeria … In the Mediterranean Sea, Mellitah has extended the contract for the semisubmersibleENSCO 5004 by two wells. Borr Drilling's fleet status report shows that the letters of intent have been signed for the Norve and the Prospector 1 rigs with undisclosed clients. The Norve should go on a contract in West Africa in the first quarter of 2021, while the Prospector 1 should start its contract in October 2020, running until January 2021. All news. July 11, 2017. "Suspension payout is applicable pursuant to contract provisions," Borr Drilling said without providing details on the contract provisions and on the expected operations start-up dates. 2,237 1 minute read. The Company offers drilling activities for oil and gas exploration and production industry. Both 400-ft jackups were working on two-year terms with ExxonMobil … Indigo operates Transocean's rigs in Nigeria and is a member of the Transocean group of companies. We do it safely – and efficiently. As of March 31, 2021, Borr Drilling had $30.3 million outstanding receivables from its related parties Joint Ventures in Mexico, representing bareboat charter and prepaid expenses. University of Lagos. Last I worked as driller and toolpusher with Borr Drilling International in Nigeria on cyber Jack-ups. As both contracts require 180 days' notice for … Borr Drilling Ltd. has issued an update on its offshore drilling rig fleet. Lastly, Borr Drilling's jack-up "Gunnlod" has won a contract extension from the Thai oil company PTTEP for eight more wells in Malaysia. Norwegian jackup rig owner Borr Drilling has been awarded a series of new contracts and letters of intent, according to … As both contracts require 180 days' notice for … The commitment is for a firm one year period with possible extension, commencing in the third quarter of 2017.

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