Pemex takes another Borr jack-up for Mexico ops

Offshore drilling contractor Borr Drilling has been awarded another drilling contract by Pemex. As a result, Borr will have three of its jack-up rigs operating offshore Mexico for Pemex and four in total in the country. 

Illustration only: One of Borr’s jack-up rigs; Source: Flickr; Author: Kees Torn – under the CC BY-SA 2.0 license

Back in March 2019, Borr revealed it had secured offshore drilling contracts for two of its jack-up rigs – Grid and Gersemi – with Pemex. It was agreed for Borr to deliver a total of 9 offshore development wells to Pemex under an integrated services model.

Borr referred to these contracts as “Cluster 2”, under an integrated services model.

According to Borr’s statement on Tuesday, the first rig, the Grid, has arrived on site and is currently starting its contract, while the second rig, the Gersemi, is expected to start shortly thereafter.

Borr has now also received an award from Pemex for an additional contract, which is the third contract under “Cluster 2” for the company.

The rig owner said that the new contract is expected to be based on the same economics and structure as the first two contracts and secures the employment of a third modern jack-up drilling rig with expected start in the fourth quarter 2019 for an anticipated duration to be around 18 months.

The newly awarded contract is the company’s fourth contract award in Mexico in less than nine months. Namely, in addition to these three rigs hired by Pemex, one of Borr’s jack-ups started a contract with  PanAmerican last March. The deal is scheduled to end in November 2019.

“The company has established a robust regional office and operations in the country, and is optimistic about future opportunities arising from the continued strong demand seen in the region,” Borr concluded.


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply