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Borr Drilling sells three rigs

Rig firm Borr Drilling divests three rig newbuilds that Keppel is building. The sales play an important part in Borr Drilling’s efforts to secure refinancing.

Tor Olav Trøim | Photo: PR / Marine Money/Marine Money

Borr Drilling, chaired by Tor Olav Trøim, sells three rigs that are currently being built by Singaporean shipyard Keppel.

According to Borr Drilling, the sales to an unnamed third party are an important part of the plans to strengthen financials at the drilling firm, which is negotiating with lenders regarding an enduring solution to the economic situation.

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