BC Ventures, a 50/50 joint venture between subsidiaries of Bermuda-based Borr Drilling and CME as its long-term well construction partner in Mexico, has completed the acquisition of five jack-up rigs from Fontis Finance, an indirect subsidiary of Bermuda-headquartered Paratus Energy Services. For a total purchase price of $287 million, BC Ventures has acquired the rig-owning … Continue reading Borr Drilling’s Mexican JV completes purchase of five rigs for $287 million