Borr Drilling expects better rig market in 2018

Newly established rig company Borr Drilling booked expenses of USD 24.9 million in the third quarter. The jack-up market continues to show healthy supply activity and the company expects increased activity in 2018.

Photo: GDFSuez

The market for jack-up rigs continues to show healthy supply activity and there are hopes of increasing utilization of the rig fleet in 2018, says newly established Borr Drilling in a brief to the Oslo Stock Exchange.

Supported by strong current tendering activity in these regions, including several multi-year opportunities, the company expect the positive trend to continue.


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