Borr Drilling Limited, the Bermudian-based oilfield services company, has announced that its premium jack-up rigs Prospector 5 and Natt have received a letter of award for work in West Africa in direct continuation of their current contracts.

The company said the contracts would have a combined duration of 1,307 days and a total estimated value of $211 million.

Under this LOA, Borr said, the Prospector 5 and Natt would remain contracted until May 2026 and December 2025, respectively.

Borr, incorporated in Bermuda in 2016, owns and operates jack-up drilling rigs of modern and high-specification designs and provides services focused on the shallow-water segment to the offshore oil and gas industry worldwide.

The company said its jack-up rigs were capable of drilling to a maximum well depth of 35,000 feet while operating in water depths ranging from 30 to 400 feet.