Borr Drilling Limited - Completes Acquisition of Five Rigs Through New Joint Venture
Borr Drilling announced that BC Ventures Limited, a 50/50 joint venture between the Company and its well construction partner in Mexico, has completed the acquisition of five premium jack-up rigs from Fontis Finance Ltd. for $287 million.
Why it matters — This expands Borr Drilling's rig fleet through a joint venture, potentially strengthening its position in the Mexican market.