Pin points from the Pareto conference
$BORR
- Utilization at 92%
- the rig 芦Idun禄 was awarded a contract in Vietnam
- eni has issued a 9 months option for the rig Bestla
- teoritically there鈥檚 about 26 rigs available in the global Jack up rig market
But Borr CEO Bruno Morand believes the number is about 20
- BORR believes there is demand for 14 to 20 rigs more in the market
- Morand says it鈥檚 not gonna take much demand to get real good pricing power for the jack up market moving forward
Send the utilization higher 馃殌