Offshore jackup rig player Borr Drilling has revealed that its four rigs operating in the Middle East have either resumed operations or are preparing to do so. The company also won a new contract for one of its jackups. Borr Drilling said in early March that several rigs deployed in the Middle East have been down manned due to recent hostilities in the Arabian Gulf. At the time, the company did not reveal the number and names of the rigs. The company stated that the Arabia III resumed operations offshore Saudi Arabia in late March. Borr Drilling received resumption notices for the Groa in Qatar and the Arabia II in the UAE. These rigs will recommence operations during April 2026. The Company’s fourth rig in the region, the Forseti, which is operated by a third party under a bareboat charter, is also undergoing preparations to resume operations in Qatar. In the Gulf of Mexico, the Odin, originally scheduled to start operating earlier in the year, experienced delays due to additional maintenance required before commencing its contract with Cantium. The rig is now expected to commence operations during this month. In Southeast Asia, the Skald has received a binding letter of award from an undisclosed operator. The campaign is expected to commence in the second quarter of 2026 and is estimated to last six months. Reflecting these updates and other developments across the fleet since the company’s preceding earnings report on February 18, 2026, Borr’s contract coverage for full-year 2026 is 70% at an average dayrate of approximately $134,000. “I would like to thank our onshore and offshore teams for their efforts in safely and effectively managing the disruptions experienced due to the geopolitical events in the Middle East. The recent events continue to create an environment in which elevated commodity prices and a renewed focus on energy security are expected to accelerate rig activity. Recent discussions with our customers confirm the early signs of this trend, as we observe an increased sense of urgency to award existing tenders and bring forward certain drilling programs,” said Bruno Morand, Borr Drilling CEO. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsNorway Qatar Saudi Arabia United Arab Emirates United States