Borr Drilling Limited – Entering MoU to streamline Mexico operations and improve liquidity
June 15, 2021: Borr Drilling Limited (the “Company”, “Borr Drilling”) (NYSE and OSE: “BORR) has five rigs working for joint ventures which are jointly owned with our Mexican partner providing integrated well services for Pemex. The services commenced in May 2019 and have provided Pemex with an incremental production of approximately 125,000 barrels of oil per day from 21 wells drilled so far. In our most recent meeting with Pemex management we have received a very favourable review of the performance and the cost efficiency of this operation. The integrated well services joint ventures have