Borr Drilling Limited – Announcement of Letters of Award
Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) is pleased to announce it has secured two letters of awards (“LOA”) for its premium jack-up drilling rigs “Gerd” and “Thor”. These awards increase the Company’s firm backlog by approximately 421 days, excluding optional periods. The premium jack-up drilling rig “Gerd” has secured a binding LOA from an undisclosed customer for work in the Middle East. This contract will cover a firm scope of 270 days, and one unpriced optional scope of 60 days. The firm scope has an estimated contract value of $47.7 million, including