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Oslo, Norway, March 24, 2021 / PRNewswire / – Borr Drilling Limited (the “Company”) (NYSE: BORR) (OSE: BORR) is pleased to announce that it has entered into agreements that may add a total of 48 million USD about 590 days in the backlog.
For the “Natt” platform, we received a letter of intent with an undisclosed new operator in Nigeria start operations in April 2021 for an estimated period of 150 days, in direct continuation of his previous contract.
The previously announced letter of intent for the “Prospector 1” platform has been converted to a contact for four wells plus options for operations with Neptune. In addition, Prospector 1 was awarded a three-well plus option contract with Tulip for operations in the Netherlands. As a result, the ‘Prospector 1’ will be fully utilized in 2021 on the Dutch continental shelf with its SCR emissions reduction system, and the company sees good opportunities to keep the platform in operation until the third quarter of 2022 if all options are exercised.
The “Gunnlod” platform obtained an extension of PTTEP for eight additional wells in Malaysia, which is expected to keep the platform in service until September 2021. The platform still has an option period to be confirmed, which could keep the platform active for the rest of the year.
Forward-looking statements:
This press release includes forward-looking statements, which do not reflect historical facts and may be identified by words such as “potentially”, “expected” and “will” and similar expressions and include statements relating to the commencement of contracts. platforms, expected backlog and other non-historical matters. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual events to differ materially from expectations expressed or implied by the forward-looking statements included herein and other factors described in the section entitled ” Risk factors ”of our prospectuses. and filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date of this press release. We do not undertake to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
Media contact:
Magnus vaaler
[email protected]
Telephone: +47 22 48 30 0
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https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited—securing-additional-activity,c3312938
SOURCE Borr Drilling Limited
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