Borr Drilling has been awarded new contracts and extensions for 5 of its jack-up drilling rigs spanning Southeast Asia and the Center East.

Borr mentioned the awards elevated its backlog by roughly 2,530 days, excluding elective intervals.

The jack-up rig ‘Gunnlod’ secured a contract with an undisclosed operator in Southeast Asia, anticipated to start in direct continuation of its present contract. The work will cowl 11 wells with an anticipated length of 186 days plus choices.

Its ‘Mist’ unit additionally had choices exercised by Thailand’s PTTEP for a complete length of roughly 3.5 months and it’s now anticipated to stay contracted with the corporate till This autumn 2022.

In the meantime ‘Saga’ has secured a contract with one other undisclosed operator in Southeast Asia. The contract will start in direct continuation of its present contract with Hess till mid-Q3 2022. Work will contain a one-well drilling program with an anticipated length of 45 days.

As well as, Borr mentioned it has secured long-term contracts within the Center East with an undisclosed operator for 2 extra jack-up drilling items, although the items weren’t named.

These contracts have a agency length of three years plus choices every and are anticipated to start within the second half of 2022.

These awards enhance the corporate’s contracted fleet to twenty rigs out of a complete of 23 delivered rigs.

Borr Drilling mentioned it stays in “constructive discussions” with its lenders in relation to the deferral or refinancing of its debt maturing in 2023 and expects such discussions to be efficiently concluded on or earlier than 30 June, 2022.

In December the corporate introduced it had had reached agreements with its largest collectors, the Singaporean yards, to refinance and defer a mixed $1.4 billion debt maturities and supply instalments from 2023 to 2025.

The settlement noticed the corporate commit to creating money repayments on the accrued prices and capitalised payment-in-kind curiosity owed to the yards throughout 2022 and 2023, along with different amendments made in January 2021 negotiations.