Borr Drilling sells 14 jack-up rigs

The sale of 14 jack-up rigs will contribute a double-digit profit to the bottom line of Tor Olav Trøim's Borr Drilling in the second quarter.

Photo: Transocean

Borr Drilling has sold 14 jack-up rigs, which will be handed over to the new owner during the next month.

"The disposal is expected to contribute up to USD 16 million in profit to Borr's Q2-2018 results," writes the rig company, owned by Norwegian investor and former right-hand man of John Fredriksen, Tor Olav Trøim, in a notice to the Oslo Stock Exchange.

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