Schlumberger buys into drilling start-up
Multinational Borr Drilling
Launched in late-2016, Borr Drilling earlier this month issued equity in an effort to fund its USD 1.35-billion acquisition of Transocean’s fleet of jackup rigs, 15 in total.
According to Norwegian daily Finansavisen on Tuesday, Schlumberger landed a 20% stake in Borr for the sum of USD 220 million.
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