Borr Drilling buys newbuilt rig at half price

Borr Drilling, owned by Norway's Tor Olav Trøim, among others, has just acquired a new jack-up newbuilding. The acquisition price is nearly half of what it was originally ordered for.

Photo: Transocean

Newly-established rig company Borr Drilling expands its fleet once again.

This time through an acquisition of a jack-up newbuilding, which Borr has paid USD 122 million for, according to a notice to the stock exchange submitted Monday.

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