Borr Drilling entered into definitive agreements to acquire five premium jackups from Fontis Finance for a purchase price of $287 million. The acquisition will be completed through BC Ventures, a newly established 50/50 joint venture (JV) between subsidiaries of Borr Drilling and its long-term well construction partner in Mexico. The JV will acquire the rig-owning …
The post Borr Drilling acquires five jackups through new JV appeared first on Drilling Contractor.
News, People, Companies and Products