Borr Drilling Limited – Contracting Update
Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) is pleased to announce new contract commitments for three of its premium jack-up rigs, the “Prospector 1”, the “Gunnlod”, and a rig to be determined. The commitments total 820 days and $158.6 million in contract revenue, inclusive of mobilization and demobilization compensation. In the North Sea, multiple contracts have been secured totaling 250 days of backlog that commenced in March 2024. In Southeast Asia, the Company has secured a one well commitment, with an anticipated duration of 90 days, that will commence in May