10:30 AM EDT, 07/26/2024 (MT Newswires) -- Borr Drilling ( BORR ) said Friday it has obtained new contract commitments for three of its jack-up rigs totaling $332 million in contract revenue.

The Arabia I has obtained a new long-term contract in Brazil, the company said, adding that the contract is expected to start in Q1 2025 in collaboration with Petrobras (PBR).

In Southeast Asia, the Gunnlod has obtained a binding letter of award from an operator in Malaysia. The project is expected to begin in November.

Meanwhile, in Africa, the Norve has obtained a 109-day extension with BW Energy in Gabon. The extension will keep the jack-up rig contracted until February 2025.

Borr shares were up slightly in recent activity.

Price: 6.76, Change: +0.01, Percent Change: +0.16