Borr Drilling has bought a resale jack-up drilling rig at a 50% discount to the original contract.
The Troim-led company has acquired the newbuilding, Hull No. B378 (previously named Hakuryu-15), for $122m from Japan’s BOT Lease Co, an affiliate company of the Bank of Tokyo-Mitsubishi UFJ.
BOT Lease Co originally ordered the unit in 2014 for $240m for operation by Japan Drilling Co, which is undergoing corporate reorganisation due to insolvency.
