Borr Drilling Limited – Contracting Update and Investor Presentation
Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) has today published an investor presentation enclosed to this release and on its website www.borrdrilling.com, in addition to providing the following contracting updates. In September 2023, the premium jack-up rig “Idun” received a Letter of Intent (LOI) for a 24 months’ program in Southeast Asia starting in January 2024. We expect this LOI to be converted into a firm contract in October 2023. The contract value for this award is expected to be around $124 million. In August 2023, the premium jack-up rig “Arabia III”