Hamilton, Bermuda – September 18, 2026 -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) confirmed that its jack-up rig Odin began earning dayrate revenue offshore Texas on September 11, 2026, following mobilization in mid-August and completed acceptance testing.
Odin starts dayrate operations offshore Texas after August mobilization
The rig's contract activation marks the completion of a testing phase that followed its move to the U.S. Gulf Coast, giving Borr an active revenue-generating asset in the Americas region.
Idun wins three-well Vietnam campaign lasting an estimated 130 days
An undisclosed operator awarded the Idun a three-well drilling campaign in Vietnam, scheduled to start in the fourth quarter of 2026 as a direct continuation of the rig's current contract, extending its Southeast Asia workload without a gap in deployment.
ENI extends Bestla contract nine months to September 2027
ENI exercised a nine-month option on the Bestla, pushing the contract term to September 2027, and retains a further fixed-price option for an additional nine months. Borr is expected to take over operational management of the rig in the fourth quarter of 2026 once its bareboat charter with the prior owner concludes.