EnergyWatch

Borr Drilling sends four rigs back to the market

Increasing activity and tenders in the offshore market motivate Borr Drilling to reactivate four rigs – though they have yet to land work.

Maersk jack-up rig | Photo: Maersk Drilling PR

Borr Drilling's faith in the offshore market has now improved to the point where the Norwegian drilling company has decided to reactivate for jack-up rigs and send them back into the market.

More customer inquiries and increasing supply activity mean that the company anticipates more interesting opportunities in a market where a higher oil price has now made  oil companies start exploring for oil again.

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