Borr, Schlumberger team up to offer performance based drilling contracts
- Business & Finance
Offshore driller Borr Drilling has teamed up with Schlumberger, world’s largest oilfield services company, to offer integrated, performance-based drilling contracts in the offshore jack-up market.
Borr said it would offer the service by leveraging the Schlumberger global foot print, infrastructure and technical expertise and Borr Drilling’s jack-up fleet.
The driller said the combination of the Borr rigs with the Schlumberger integrated offering is “the next step in delivering safe, reliable and efficient drilling operations to our customers through commercially aligned business models.”
Borr Drilling CEO Simon Johnson commented, “The collaboration with Schlumberger is a key enabler to successfully execute our strategy and deliver a truly differentiated offering to our customers, using innovative business models.”
The companies will also explore opportunities to work together in areas such as training, technology projects, and performance optimization.
Offshore Energy Today has reached out to Borr Drilling, seeking more info on how the intended “performance based contracts” would work.
We will update the article if we get a response.