Borr Drilling acquires five jack-up rigs for $287M through joint venture

Borr Drilling agreed to acquire five premium jack-up rigs from Fontis Finance for $287 million via a new 50/50 joint venture, BC Ventures Limited, with a long-term Mexican partner. Closing is expected in Q3 2026.

“Borr Drilling agreed to acquire five premium jack-up rigs from Fontis Finance for a total purchase price of $287 million.”stocktitan.net

• 1 source
• stocktitan.netBorr Drilling Buys 5 Jack-Up Rigs in $287M JV Deal | BORR Stock NewsBorr Drilling LimitedMar 23, 2026

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