Petrobras S.A. (PBR) , the Brazilian state-owned energy giant, has stated that Borr Drilling’s jack-up rig, namely Arabia I, has arrived in Brazilian waters to begin decommissioning activities in the Sergipe Basin. The Arabia I jack-up rig secured a four-year contract from Petrobras in Brazil. The contract includes a four-year option to extend the jack-up rig’s stay with Petrobras. However, the option currently remains unpriced.The Arabia I jack-up rig was expected to begin its contract with PBR in the firs ...