Borr Drilling has signed definitive agreements to sell its 51% equity interest in the Mexican well services joint venture Perfomex to its local partner. Upon completion, Borr will fully exit its investment in Perfomex, with the local partner taking full ownership and operational control of the Galar, Gersemi, and Njord jack-up rigs, which are currently operating for PEMEX, the Mexican state-owned petroleum company. Borr will continue to own the three rigs and remain involved in associated contracts through bareboat charter agreements. The transaction is scheduled for completion this month, pending customary closing conditions.