Borr Drilling Limited has completed the acquisition of five self-elevating rigs from Noble Corporation for US$360 million. This operation brings the company’s fleet to 29 modern units, strengthening its response capacity in the most demanding international markets.
Integration of self-elevating equipment and fleet modernization
The integration of these assets occurs at an opportune time in the energy market cycle. The acquired units feature advanced technology and have been renamed Sif, Freyja, Forseti, Bestla and Joro to be fully integrated into the firm’s operating inventory.
This transaction also ensures that the organization maintains its fleet of self-elevating self-elevating platforms the youngest fleet in the industry, a key factor for efficiency in shallow waters.
Operational capacity and strategic value in the offshore sector
Bruno Morand, CEO of the company, said that these five platforms are highly compatible with the existing technical portfolio. Such technological affinity allows for immediate implementation to take advantage of short-term contract opportunities. The company’s infrastructure, based on operational excellence and customer orientation, remains a strong competitive advantage over other players in the offshore market.
Finally, the completion of this purchase underscores the organization’s vision for growth in the shallow water segment. shallow water segment. By operating modern-designed, high-specification platforms, reliable operation is ensured for the global oil and gas industry. The renewed technical capability prepares the entity to lead the upcoming offshore challenges with superior safety standards.
Source: Borr Drilling via Euroland Go
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