Borr Drilling (BORR) Shoots Up After Securing Deals Worth Millions

The share price of Borr Drilling Limited (NYSE:BORR) surged by 15.3% between June 26 and July 3, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Borr Drilling (BORR) Shoots Up After Securing Deals Worth Millions

A modern offshore drilling vessel navigating the seas with equipment mounted on its decks.

Borr Drilling Limited (NYSE:BORR) is a premier offshore shallow-water drilling contractor dedicated to providing exceptional drilling services to the global oil and gas industry.

Borr Drilling Limited (NYSE:BORR) shot up this week after it was announced that the company has secured a batch of deals for four of its jack-up rigs in the Middle East, Southeast Asia, and Mexico. The new contracts have a combined duration of approximately 1,300 days and an estimated contract revenue of over $129 million.

Borr Drilling Limited (NYSE:BORR) has now secured 13 new commitments so far in 2025, equating to 3,010 potential contract days and $366 million in potential contract revenues, including firm periods and priced options.

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