#Fleets

Borr Drilling Divests 51% Stake in Mexican Joint Ventures

Borr Drilling Limited announced definitive agreements to divest its 51% equity interest in Mexican joint ventures Perfomex to its local partner. The company will retain ownership of three jack-up rigs (Galar, Gersemi, and Njord) operating with PEMEX through bareboat charter agreements, with contracts extending through April 2028 and May 2030. The transaction, expected to close in September 2026, aims to streamline operations and strengthen the local partnership.