Borr Drilling Limited - Contract Terminations
Borr Drilling (NYSE:BORR) announced termination of two drilling contracts after implementation of international sanctions affecting a counterparty. The terminations concern rigs Odin and Hild, which had firm commitments through November 2025 and March 2026, respectively. The company said it remains committed to complying with international laws and sanctions frameworks and to high standards of corporate governance and compliance.
Borr Drilling (NYSE:BORR) ha annunciato la risoluzione di due contratti di perforazione a seguito dell'implementazione di sanzioni internazionali che interessano una controparte. Le risoluzioni riguardano le trivelle Odin e Hild, che avevano impegni fissi fino rispettivamente a novembre 2025 e marzo 2026. L'azienda ha dichiarato di rimanere impegnata a rispettare le leggi internazionali e i quadri sanzionatori, nonché a elevati standard di governance societaria e conformità.
Borr Drilling (NYSE:BORR) anunció la terminación de dos contratos de perforación tras la implementación de sanciones internacionales que afectan a una contraparte. Las terminaciones abarcan las plataformas Odin y Hild, que tenían compromisos firmes hasta noviembre de 2025 y marzo de 2026, respectivamente. La empresa indicó que sigue comprometida a cumplir con las leyes internacionales y marcos de sanciones, así como a mantener altos estándares de gobierno corporativo y cumplimiento.
Borr Drilling (NYSE:BORR)은 제재가 영향을 미치는 상대방의 시행으로 두 건의 시추 계약이 해지되었다고 발표했습니다. 해지 대상은 오딘(Odin)과 힐드(Hild)로, 각각 2025년 11월과 2026년 3월까지 확정 약정을 가지고 있었습니다. 회사는 국제 법규와 제재 프레임워크를 준수하고, 높은 수준의 기업 거버넌스 및 컴플라이언스를 유지하겠다고 밝혔습니다.
Borr Drilling (NYSE:BORR) a annoncé la résiliation de deux contrats de forage après la mise en œuvre de sanctions internationales affectant une contrepartie. Les résiliations concernent les plates-formes Odin et Hild, qui avaient des engagements fermes jusqu'en novembre 2025 et mars 2026, respectivement. L'entreprise a déclaré rester engagée à respecter les lois internationales et les cadres de sanctions, ainsi qu'à maintenir des normes élevées de gouvernance d'entreprise et de conformité.
Borr Drilling (NYSE:BORR) kündigte die Beendigung von zwei Bohranleihenverträgen nach Umsetzung internationaler Sanktionen gegen einen Gegenpartei an. Die Kündigungen betreffen die Bohrgeräte Odin und Hild, die jeweils feste Verpflichtungen bis November 2025 bzw. März 2026 hatten. Das Unternehmen betonte, dass es weiterhin bestrebt sei, internationale Gesetze und Sanktionsrahmen einzuhalten sowie hohe Standards in der Unternehmensführung und Compliance zu wahren.
أعلنت شركة Borr Drilling (NYSE:BORR) إنهاء عقدين حفر بعد تطبيق عقوبات دولية تؤثر في طرف مقابل. وتتعلق الإنهاءات بسفن الحفر Odin و Hild، التي كانت لديها التزامات ثابتة حتى نوفمبر 2025 ومارس 2026 على التوالي. قالت الشركة إنها تظل ملتزمة بالامتثال للقوانين الدولية وأطر العقوبات وبالحفاظ على معايير عالية من الحوكمة والامتثال المؤسسي.
- Maintains compliance with international sanctions and laws
- Corporate governance and compliance emphasized after terminations
- Terminated firm contract for rig Odin effective before Nov 2025
- Terminated firm contract for rig Hild effective before Mar 2026
The Company remains fully committed to adhering to all relevant international laws and sanctions frameworks and to maintaining the highest standards of corporate governance and compliance.
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SOURCE Borr Drilling Limited
FAQ
What did Borr Drilling (BORR) announce on October 24, 2025 about contracts?
Which rigs did Borr Drilling terminate contracts for and what were the original commitment dates?
Why did Borr Drilling terminate the Odin and Hild contracts according to the October 24, 2025 notice?
How did Borr Drilling describe its stance after terminating the contracts on October 24, 2025?
Will the contract terminations for BORR affect the company’s legal compliance record?
