Major Growth is expected for Modern Jack up Rigs. Borr Drilling is a shallow water drilling Rig Contractor. Break even points for shallow-water drilling are between $20-$40 price per barrel of oil. Brent Crude currently at $63.51 per barrel and WTI Crude at $60.47. Big opportunities out there for companies to make a lot of $$$. Significant demand for incremental jack up drilling rigs like Borr is happening now and will continue for the foreseeable future.
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March 24, 2021 at 08:52AM