Norway's Borr Drilling in giant order for 15 drilling rigs

Somewhat newly-established company Borr Drilling in Norway is looking to buy 15 rigs from US-Swiss rig major Transocean for USD 1.35 billion.

Photo: Transocean

Norwegian rig company Borr Drilling, established by two former senior executives in Norwegian shipping, Tor Olav Trøim and Fredrik Halvorsen, plans to buy 15 advanced drilling rigs. The transaction involves so-called jack-ups while the seller is US-Swiss rig behemoth Transocean, informs Borr Drilling, which is listed on the small OTS Exchange in Oslo, in a filing on Monday.

Transocean continues decline in third quarter 

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