Norwegian offshore drilling company Borr Drilling has received a letter of award covering a 105-day contract for its Gunnlod jack-up working for an undisclosed operator in Malaysia.
Borr said the drilling campaign is expected to start in the fourth quarter this year in direct continuation of the Gunnlod’s current contract for Thailand’s PTT Exploration & Production (PTTEP).
“This letter of award, which is expected to be converted into a contract shortly, will maintain the rig contracted over the monsoon season in South East Asia and into Q1 2022, when additional employment opportunities should be available for the rig,” added Borr.
The rig is currently under contract with PTTEP, which has been busy exploring Malaysia’s offshore for oil and gas this year. The Gunnlod rig, built in 2018, won the original deal with PTTEP in the first half of 2020.
The rig started work for PTTEP in September 2020 under a contract due to run until March 2021.
PTTEP exercised an option for the Gunnlod jack-up earlier this year. Under the option, the rig will continue to work for PTTEP from May 2021 to September 2021. Borr Drilling said at the time that the deal can be extended by four further optional wells. This would keep the rig active for the rest of 2021.
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