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Borr Drilling invests USD 1.3 billion in new rigs

Rig company Borr Drilling expects to invest USD 1.3 billion in nine jack-up rigs.

Jack-up drilling rig from Maersk Drilling | Photo: Maersk Drilling PR

Borr Drilling plans to purchase nine new rigs in a move that will boost the total number of rigs in the company to 26.

The investment concerns USD 1.3 billion in all for the nine jack-up rigs, which will be constructed at PPL Shipyard, according to a corporate statement from the rig company, headed by Tor Olav Trøim.

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