OSLO-LISTED rig owner Borr Drilling said it is making good progress in talks with lenders and shipyards on plans to strengthen its finances. The offshore contractor said last week it is working on proposals that would give it enough liquidity to continue operating for the next couple of years even if it won no further work. "The company has, as a result of the weakened market, actively entered into discussions with the shipyards and creditors to create a 'liquidity runway' until 2022 even in an unlikely low scenario without any further contracts.
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