01:23 AM EDT, 07/29/2026 (MT Newswires) -- BC Ventures, a 50:50 joint venture between Borr Drilling (BORR.OL) and its Mexican well-construction partner, completed the purchase of five jack-up rigs from Fontis Finance. The $287 million transaction covers the acquisition of the rig-owning entities for two Friede & Goldman JU-2000E design rigs and three LeTourneau Super 116-C design rigs in Mexico. The deal increases Borr Drilling's owned and jointly owned fleet to 34 rigs, according to a Wednesday release. BC Ventures financed the acquisition with a $237 million non-recourse seller's credit and cash contributions of $25 million from Borr Drilling and its local partner.

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