EX-99.3 4 brhc10030604_ex99-3.htm EXHIBIT 99.3

Exhibit 99.3



 
Borr Drilling
 
Fleet Status Report - 05th November 2021
  
 
             
             
             
 
New Contracts / Extensions / Amendments
 
             
   
Gerd
     
   
• Signed Contract (from LOI previously assigned to Frigg): January 2022 to March 2023, Addax, Cameroon
 
   
Gunnlod
     
   
• Signed Contract (from LOA): November 2021 to March 2022, IPC, Malaysia
 
   
Mist
     
   
• Signed Contract (from LOA): November 2021 to June 2022, PTTEP, Thailand
 
   
Ran
     
   
• Signed Contract: February 2022 to June 2022, Undisclosed Operator, UK (acommodation work)
 
             
 
Letters of Award / Letters of Intent / Negotiations
 
             
   
Groa
     
   
• LOA: Q1 2022 to Q1 2024, Undisclosed, Middle East
 
   
Idun
     
   
• LOA: March 2022 to May 2023, Undisclosed, Southeast Asia
 
             
 
Other Developments
 
             
   
Saga
     
   
• Concluded operations with PTTEP Malaysia in September 2021 and commenced its subsequent contract with Hess Malaysia
 
   
Natt
     
   
• Concluded operations with Oriental Nigeria in October 2021 and is currently under preparation for its subsequent contract
   
Norve
     
   
• Concluded operations with BWE Gabon in September 2021 and is currently under preparation for its subsequent contract
 
   
Prospector 5
     
   
• Optional periods under current contract have lapsed and the rig is now expected to conclude operations in January 2022
 
             
             
             
         
 
This summary is provided as a courtesy and is not intended to replace a detailed review of the Fleet Status Report. This summary contains informaThis 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.tion 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 - 05th November 2021

                                 
Rig Name
 
Rig Design
 
Rig Water Depth (ft)
 
Year Built
 
Customer  / Status
 
Contract Start
 
Contract End
 
Location
 
Comments
                                 
                                 
Contracted Rigs
                               
                                 
Gunnlod
 
PPL Pacific Class 400
 
400 ft
 
2018
 
PTTEP
 
September - 2020
 
November - 2021
 
Malaysia
 
Operating
               
IPC
 
November - 2021
 
March - 2022
 
Malaysia
 
Committed
Idun
 
KFELS Super B Bigfoot Class
 
350ft
 
2013
 
Petronas
 
June - 2021
 
January - 2022
 
Malaysia
 
Operating
               
Undisclosed
 
March - 2022
 
May - 2023
 
Southeast Asia
 
LOA
Mist
 
KFELS Super B Bigfoot Class
 
350 ft
 
2013
 
Available
 
September 2021
 
November - 2021
 
Thailand
 
Contract Preparations
               
PTTEP
 
November - 2021
 
June - 2022
 
Thailand
 
Committed with options to extend
Saga
 
KFELS Super B Bigfoot Class
 
400 ft
 
2018
 
Hess
 
September - 2021
 
August - 2022
 
Malaysia
 
Operating
Skald
 
KFELS Super B Bigfoot Class
 
400 ft
 
2018
 
PTTEP
 
June - 2021
 
June - 2024
 
Thailand
 
Operating with option to extend
Gerd
 
PPL Pacific Class 400
 
400 ft
 
2018
 
Available
     
January - 2022
 
Cameroon
 
Contract Preparations
               
Addax
 
January - 2022
 
March - 2023
 
Cameroon
 
Committed with option to extend
Natt
 
PPL Pacific Class 400
 
400 ft
 
2018
 
Available
 
October - 2021
 
November - 2021
 
Cameroon
 
Contract Preparations
               
Undisclosed
 
November - 2021
 
October - 2022
 
West Africa
 
LOA
Norve
 
PPL Pacific Class 400
 
400 ft
 
2011
 
Available
 
September - 2021
 
December - 2021
 
Gabon
 
Contract Preparations
               
Vaalco
 
December - 2021
 
April - 2022
 
Gabon
 
Committed with option to extend
Groa
 
PPL Pacific Class 400
 
400 ft
 
2018
 
Available
     
Q1 2022
 
Cameroon
 
Contract Preparations
               
Undisclosed
 
Q1 2022
 
Q1 2024
 
Middle East
 
LOA
Prospector 1 1
 
F&G, JU2000E
 
400 ft
 
2013
 
Kistos
 
July - 2021
 
November - 2021
 
Netherlands
 
Operating
               
Neptune
 
December - 2021
 
March - 2022
 
Netherlands
 
Committed with option to extend
Prospector 5 1
 
F&G, JU2000E
 
400 ft
 
2014
 
CNOOC
 
November - 2020
 
January - 2022
 
United Kingdom
 
Operating
Ran 1
 
KFELS Super A
 
400 ft
 
2013
 
Available
     
February - 2022
 
United Kingdom
 
Contract Preparations
               
Undisclosed
 
February - 2022
 
June - 2022
 
United Kingdom
 
Committed
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
                                 
Available Rigs
                               
                                 
Frigg 1
 
KFELS Super A
 
400 ft
 
2013
 
Available
         
Cameroon
 
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
                                 
Under Construction Rigs
                               
                                 
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 Stacked
 
Under Construction
   
                                 

     
Total Fleet
 
28
 
17
 
6
 
0
 
5
   


Borr Drilling
 
Fleet Status Report - 05th November 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
IPC
                                                                       
Idun
 
Malaysia
     
Vestigo
Petronas
   
LOA
Option
                                 
Mist
 
Thailand
 
ROC Oil
Warm Stacked
PTTEP
Option
                                                 
Saga
 
Malaysia
   
JX Nippon
PTTEP
Hess
                                                                       
Skald
 
Thailand
           
PTTEP
                                                           
Option
Gerd
 
Cameroon
 
Warm Stacked
ADDAX
Option
                       
Natt
 
Cameroon / West Africa
 
First E&P
Oriental
LOA
                   
LOA Option
                           
Norve
 
Gabon
       
BWE
             
Vaalco
     
Option
                                                 
Groa
 
Cameroon / Middle East
 
Warm Stacked
   
LOA
LOA Option
Prospector 1 1
 
Netherlands
 
One-Dyas
Neptune
Kistos
       
Neptune
     
Option
                                           
Prospector 5 1
 
United Kingdom
 
CNOOC
                                                                     
Ran 1
 
United Kingdom / Mexico
 
Warm Stacked
 
Undisclosed
 
Mexico
                                               
Galar
 
Mexico
 
PEMEX
                                                                       
Gersemi
 
Mexico
 
PEMEX
                                                                       
Grid
 
Mexico
 
PEMEX
                                                                       
Njord
 
Mexico
 
PEMEX
                                                                       
Odin
 
Mexico
 
PEMEX
                                                                       
Frigg 1
 
Cameroon
 
Warm Stacked
                                                                       
Gyme
 
Singapore
 
Warm Stacked
                                                                       
Heimdal
 
Singapore
 
Warm Stacked
                                                                       
Hermod
 
Singapore
 
Warm Stacked
                                                                       
Hild
 
Singapore
 
Warm Stacked
                                                                       
Thor
 
Singapore
 
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 - 05th November 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.