Borr Drilling to sell 51% stake in Perfomex to Mexican partner

Borr Drilling announced the execution of definitive agreements to divest its controlling equity interest in Perfomex, a Mexican well services joint venture, to its local partners Perforaciones Estratégicas e Integrales Mexicana and Perforaciones Estratégicas e Integrales Mexicana II.
The transaction will result in Borr’s complete exit from the venture, with the local partner assuming full ownership and operational control of the Galar, Gersemi, and Njord jack-up rigs current