RE: Does the rig transport operator6 Dec 2024 07:24
“Finally, an undisclosed customer has issued a firm and binding Letter of Award for a campaign expected to begin between Q4 2024 and Q1 2025, with an estimated duration of 480 days”
-TRP drill plan is 12-15 months (460 days)
The new contract is with an undisclosed operator in Africa and is scheduled to begin around the fourth quarter of 2024 to first quarter of 2025 and run until the first or second quarter of 2026
-TRP plan to start drilling Q4 2024-Q1 2025
“In fact, that rig was delayed for operational reasons, but there are now more rig alternatives available to us”
-After this happened the vali rig was commissioned and the norve reassigned to marathon oil
“Borr Drilling is to take delivery of new 400-ft jackup Vali from a Seatrium shipyard in Singapore this week and is in the final stages of assigning the rig to a previously announced contract”
-TRP is the only previously announced African contract that doesn’t have a rig assigned
“While Borr has not revealed the rig’s destination, market sources have indicated that the contract is for work in Africa”
Hmmmm 🤔
#TRP