Idun
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Idun
jack up RIg Idun has been awarded an LOA to commence operations in the first quarter of 2021, increasing the number of active rigs for the Company in Asia to a total of four. The contract’s estimated duration, excluding options, is for a period up to 12 months.
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Re: Idun
Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) has today published an investor presentation enclosed to this release and on its website www.borrdrilling.com, in addition to providing the following contracting updates.
In September 2023, the premium jack-up rig “Idun” received a Letter of Intent (LOI) for a 24 months’ program in Southeast Asia starting in January 2024. We expect this LOI to be converted into a firm contract in October 2023. The contract value for this award is expected to be around $124 million.
In September 2023, the premium jack-up rig “Idun” received a Letter of Intent (LOI) for a 24 months’ program in Southeast Asia starting in January 2024. We expect this LOI to be converted into a firm contract in October 2023. The contract value for this award is expected to be around $124 million.
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