Rystad Energy: Borr Drilling goes from empty-handed to the largest jackup driller in just 16 months

Borr Drilling announced its intention to acquire Paragon Offshore after inking a binding tender agreement to purchase all outstanding shares for $232.5 million. With the acquisition, Borr gets their hands onto 31 jackups and one semisubmersible unit. With these and its existing fleet of 26 jackups, Borr will become the largest jackup owner in the world, with 57 jackups in total. More »