EX-99.2 3 brhc10028579_ex99-2.htm EXHIBIT 99.2

Exhibit 99.2



Borr Drilling
 
Fleet Status Report - 31st August 2021
 
             
             
             
 
New Contracts / Extensions / Amendments
 
             
   
Norve
       
   
• Signed Contract (from LOI): December 2021 to April 2022, Vaalco, Gabon
 
   
Gunnlod
       
   
• Options Exercised: September 2021 to October 2021, PTTEP, Malaysia
 
   
Saga
       
   
• Signed Contract (from LOA): September 2021 to August 2022, Hess, Malaysia
 
   
Rig TBC
       
   
• Signed Contract (from LOI): July 2022 to November 2022, Wintershall, Mexico. Rig selection to be confirmed in Q4 2021.
 
             
 
Letters of Award / Letters of Intent / Negotiations
 
             
   
Gunnlod
       
   
• LOA: October 2021 to February 2022, Undisclosed, Malaysia
 
   
Frigg
       
   
• LOI: late 2021 to December 2022, Undisclosed, West Africa
 
   
Natt
       
   
• LOA: November 2021 to October 2022, Undisclosed, West Africa
 
             
 
Other Developments
 
             
   
Prospector 1
       
   
• Concluded operations with Neptune and commenced with Kistos in July 2021. The rig will resume activities with Neptune upon completing Kistos workscope
 
   
Idun
       
   
• Concluded operations with Vestigo in late May 2021 and commenced operations with Petronas (assignment) in June 2021
 
   
Saga
       
   
• Concluded operations with JX Nippon (assignment) and resume contract with PTTEP Malaysia in May 2021.
 
             
             
             
 
This summary is provided as a courtesy and is not intended to replace a detailed review of the Fleet Status Report. This summary contains information on letters of intent/award and advanced negotiations. Letters of intent/award or advanced negotiations may not result in an actual drilling contract.
 
             
             


 
Borr Drilling
 
Fleet Status Report - 31st August 2021
                                     
 
Rig Name
 
Rig Design
 
Rig Water Depth (ft)
 
Year Built
 
Customer  / Status
 
Contract Start
 
Contract End
 
Location
 
Comments
 
                                     
                                     
 
Premium Jack-Ups
                                 
                                     
 
Gunnlod
 
PPL Pacific Class 400
 
400 ft
 
2018
 
PTTEP
 
September - 2020
 
October - 2021
 
Malaysia
 
Operating
 
                 
Undisclosed
 
October - 2021
 
February - 2022
 
Malaysia
 
LOA
 
 
Idun
 
KFELS Super B Bigfoot Class
 
350ft
 
2013
 
Petronas
 
June - 2021
 
January - 2022
 
Malaysia
 
Operating
 
 
Saga
 
KFELS Super B Bigfoot Class
 
400 ft
 
2018
 
PTTEP
 
September- 2020
 
September - 2021
 
Malaysia
 
Operating
 
                 
Hess
 
September - 2021
 
August - 2022
 
Malaysia
 
Committed
 
 
Skald
 
KFELS Super B Bigfoot Class
 
400 ft
 
2018
 
PTTEP
 
June - 2021
 
June - 2024
 
Thailand
 
Operating with option to extend
 
 
Frigg 1
 
KFELS Super A
 
400 ft
 
2013
 
Available
         
West Africa
 
Warm Stacked
 
                 
Undisclosed
 
late - 2021
 
December - 2022
     
LOI
 
 
Natt
 
PPL Pacific Class 400
 
400 ft
 
2018
 
Oriental
 
May - 2021
 
October - 2021
 
Nigeria
 
Operating with option to extend
 
                 
Undisclosed
 
November - 2021
 
October - 2022
 
West Africa
 
LOA
 
 
Norve
 
PPL Pacific Class 400
 
400 ft
 
2011
 
BWE
 
April - 2021
 
September - 2021
 
Gabon
 
Operating
 
                 
Vaalco
 
December - 2021
 
April - 2022
 
Gabon
 
Committed with option to extend
 
 
Prospector 1 1
 
F&G, JU2000E
 
400 ft
 
2013
 
Kistos
 
July - 2021
 
November - 2021
 
Netherlands
 
Operating
 
                 
Neptune
 
December - 2021
 
March - 2022
 
Netherlands
 
Commited with option to extend
 
 
Prospector 5 1
 
F&G, JU2000E
 
400 ft
 
2014
 
CNOOC
 
November - 2020
 
February - 2022
 
United Kingdom
 
Operating with option to extend
 
 
Galar
 
PPL Pacific Class 400
 
400 ft
 
2017
 
PEMEX
 
April - 2020
 
December - 2022
 
Mexico
 
Operating
 
 
Gersemi
 
PPL Pacific Class 400
 
400 ft
 
2018
 
PEMEX
 
August - 2019
 
December - 2022
 
Mexico
 
Operating
 
 
Grid
 
PPL Pacific Class 400
 
400 ft
 
2018
 
PEMEX
 
August - 2019
 
December - 2022
 
Mexico
 
Operating
 
 
Njord
 
PPL Pacific Class 400
 
400 ft
 
2019
 
PEMEX
 
June - 2020
 
December - 2022
 
Mexico
 
Operating
 
 
Odin
 
KFELS Super B Bigfoot Class
 
350 ft
 
2013
 
PEMEX
 
March - 2020
 
December - 2022
 
Mexico
 
Operating
 
 
Mist
 
KFELS Super B Bigfoot Class
 
350 ft
 
2013
 
Available
         
Malaysia
 
Warm Stacked
 
 
Gyme
 
PPL Pacific Class 400
 
400 ft
 
2018
 
Available
         
Singapore
 
Warm Stacked
 
 
Hermod
 
KFELS B Class
 
400 ft
 
2019
 
Available
         
Singapore
 
Warm Stacked
 
 
Heimdal
 
KFELS B Class
 
400 ft
 
2020
 
Available
         
Singapore
 
Warm Stacked
 
 
 Hild
 
KFELS Super B Class
 
400 ft
 
2020
 
Available
         
Singapore
 
Warm Stacked
 
 
Thor
 
KFELS Super B Bigfoot Class
 
400 ft
 
2019
 
Available
         
Singapore
 
Warm Stacked
 
 
Gerd
 
PPL Pacific Class 400
 
400 ft
 
2018
 
Available
         
Cameroon
 
Warm Stacked
 
 
Groa
 
PPL Pacific Class 400
 
400 ft
 
2018
 
Available
         
Cameroon
 
Warm Stacked
 
 
Ran 1
 
KFELS Super A
 
400 ft
 
2013
 
Available
         
United Kingdom
 
Warm Stacked
 
                                     
 
Jack-Ups Under Construction
 
                                     
 
Tivar
 
KFELS Super B Bigfoot Class
 
400 ft
     
Under Construction
         
KFELS shipyard, Singapore
 
Rig Delivery in May - 2023
 
 
Vale
 
KFELS Super B Bigfoot Class
 
400 ft
     
Under Construction
         
KFELS shipyard, Singapore
 
Rig Delivery in July - 2023
 
 
Var
 
KFELS Super B Bigfoot Class
 
400 ft
     
Under Construction
         
KFELS shipyard, Singapore
 
Rig Delivery in September - 2023
 
 
Huldra
 
KFELS Bigfoot B Class
 
400 ft
     
Under Construction
         
KFELS shipyard, Singapore
 
Rig Delivery in October - 2023
 
 
Heidrun
 
KFELS Bigfoot B Class
 
400 ft
     
Under Construction
         
KFELS shipyard, Singapore
 
Rig Delivery in December - 2023
 
                                     
                                     
                                     
                                     
 
1 - HD/HE Capability.
                                 
                                     
                                     
                 
Operating / Committed
 
Available
     
Cold Stack
 
Under Construction
 
                                     
 
Premium Jack-Ups
 
28
 
14
 
9
     
0
 
5
 
                                     
 
Total Fleet
 
28
 
14
 
9
     
0
 
5
 
                                     


 
 Borr Drilling
 
Fleet Status Report - 31st August 2021
 
 
                                                                                                           
 
Rig Name
 
Location
 
2021
2022
2023
2024
 
         
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
 
                                                                                                           
 
Premium Jack-Ups
 
 
Gunnlod
 
Malaysia
 
PTTEP
                 
LOA
                                                                           
 
Idun
 
Malaysia
     
Vestigo
   
Petronas
                                                                                     
 
Saga
 
Malaysia
   
JX Nippon
   
PTTEP
     
Hess
                                                                             
 
Skald
 
Thailand
           
PTTEP
                                                                                     
 
Frigg 1
 
West Africa
 
Warm Stacked
               
LOI
                     
LOI Option
                           
 
Natt
 
Nigeria
 
First E&P
   
Oriental
       
LOA
                 
LOA Option
                             
 
Norve
 
Gabon
       
BWE
             
Vaalco
     
Option
                                                                 
 
Prospector 1 1
 
Netherlands
 
One-Dyas
   
Neptune
Kistos
       
Neptune
   
Option
                                                                 
 
Prospector 5 1
 
United Kingdom
 
CNOOC
                     
Option
                                                                     
 
Galar
 
Mexico
 
PEMEX
                                                                                               
 
Gersemi
 
Mexico
 
PEMEX
                                                                                               
 
Grid
 
Mexico
 
PEMEX
                                                                                               
 
Njord
 
Mexico
 
PEMEX
                                                                                               
 
Odin
 
Mexico
 
PEMEX
                                                                                               
 
Mist
 
Malaysia
 
ROC Oil
     
Warm Stacked
                                                                                 
 
Gyme
 
Singapore
 
Warm Stacked
                                                                                           
 
Heimdal
 
Singapore
 
Warm Stacked
                                                                                           
 
Hermod
 
Singapore
 
Warm Stacked
                                                                                           
 
Hild
 
Singapore
 
Warm Stacked
                                                                                           
 
Thor
 
Singapore
 
Warm Stacked
                                                                                           
 
Gerd
 
Cameroon
 
Warm Stacked
                                                                                           
 
Groa
 
Cameroon
 
Warm Stacked
                                                                                           
 
Ran 1
 
United Kingdom
 
Warm Stacked
                                                                                           
                                                                                                           
 
Jack-Ups Under Construction
 
 
Tivar
 
KFELS shipyard, Singapore
 
Rig Delivery in May - 2023
                                                                       
 
Vale
 
KFELS shipyard, Singapore
 
Rig Delivery in July - 2023
                                                                         
 
Var
 
KFELS shipyard, Singapore
 
Rig Delivery in September - 2023
                                                                         
 
Huldra
 
KFELS shipyard, Singapore
 
Rig Delivery in October  - 2023
                                                                         
 
Heidrun
 
KFELS shipyard, Singapore
 
Rig Delivery in December - 2023
                                                                         
                                                                                                           
               Firm
       Option
       Available
       Under Construction
   
                                                                                                           
                                                                                                           
 
1 - HD/HE Capability
                                                                                                       


 
Borr Drilling
 
Fleet Status Report - 31st August 2021
             
             
             
 
Additional information regarding this Fleet Status Report
     
             
             
             
   
This summary contains information on letters of intent/award and advanced negotiations. Letters of intent/award or advanced negotiations may not result in an actual drilling contract.
     
             
             
             
   
Forward Looking Statements:
 
The statements described in this status report that are not historical facts are "Forward Looking Statements".
 
Forward Looking Statements reflect management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. No assurance can be given that the expectations expressed in these Forward-Looking Statements will prove to be correct. Actual results could differ materially from expectations expressed in, or implied by, the Forward-Looking Statements if one or more of the underlying assumptions or expectations proves to be inaccurate or is unrealised. These include, but are not limited to, changes to commencement dates, contract duration, earned day rates, locations and other contractual terms; risks relating to the delivery of drilling rigs under construction; sale and purchase of drilling units; oil and gas prices; and risks associated with international operations generally.
 
No Forward-Looking Statement contained in herein or expressed elsewhere should be relied upon as predicting future events.
We undertake no obligation to update or revise any Forward-Looking Statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

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