Borr Drilling terminates two Mexico drilling contracts due to sanctions

Borr Drilling Limited (NYSE: BORR) terminated two drilling contracts in Mexico following international sanctions affecting a counterparty, according to a company statement.

The terminations involve contracts for the Odin and Hild drilling rigs, which had firm commitments until November 2025 and March 2026, respectively. The company did not identify the counterparty subject to sanctions.

Borr Drilling stated it remains committed to adhering to international laws and sanctions frameworks while maintaining corporate governance and compliance standards.

The Hamilton, Bermuda-based company announced the contract terminations in a press release statement.

You May Also Be Interested In

• Kalshi in early talks for IPO - The Information
• Akanda receives Nasdaq notice over stockholders' equity deficit
• Ribbon Communications expands voice deal with Comporium