EX-99.3 4 ef20014849_ex99-3.htm EXHIBIT 99.3

Exhibit 99.3



Borr Drilling
 
Fleet Status Report - 16 November 2023
         
         
         
New Contracts / Extensions / Amendments
         
 
Thor
     
 
• Contract (from LOA): January 2024 to May 2024, Petronas Carigali, Indonesia
   
 
Gerd
     
 
• Contract (from LOA) : December 2023 to August 2024, Bunduq, United Arab Emirates
   
 
Idun
     
 
• Contract (from LOI) : January 2024 to January 2026, PTTEP, Thailand
   
 
Prospector 1
   
 
• Options exercised : October 2023 to January 2024, Neptune Energy, Netherlands
   
 
Norve
     
 
• Options exercised: February 2024 to June 2024, BW Energy, Gabon
   
 
Skald
     
 
• Contract extension: July 2024 to September 2025, PTTEP, Thailand
   
         
Letters of Award / Letters of Intent / Negotiations
         
 
Gunnlod
     
 
• Binding LOA: February 2024 to May 2024, Undisclosed, Malaysia
   
 
Natt
     
 
• Binding LOA: April 2024 to December 2025, Eni, Congo
   
 
Prospector 5
   
 
• Binding LOA: April 2024 to May 2026, Eni, Congo
   
         
Other Developments
         
 
Arabia III
     
 
• Commenced operations with Saudi Aramco, Saudi Arabia in September 2023
   
         
 
Hild
     
 
•  Commenced operations with Fieldwood Energy, Mexico in October 2023
   
 
Ran
     
 
• Commenced operations with TotalEnergies, Mexico in  November 2023
   
         
         
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 - 16 November 2023
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Rig Name

Rig Design
 
Rig Water
Depth (ft)
 
Year
Built
 
Customer  / Status
 
Contract Start
 
Contract End
 
Location
 
Comments
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contracted Rigs
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Arabia I

KFELS B Class
 
400 ft
 
2020
 
Saudi Aramco
 
October - 2022
 
October - 2025
 
Saudi Arabia
 
Operating with option to extend
Arabia II

KFELS B Class
 
400 ft
 
2019
 
Saudi Aramco
 
October - 2022
 
October - 2025
 
Saudi Arabia
 
Operating with option to extend
Arabia III 1

KFELS Super A Class
 
400 ft
 
2013
 
Saudi Aramco
 
September - 2023
 
September - 2028
 
Saudi Arabia
 
Operating with option to extend
Galar

PPL Pacific Class 400
 
400 ft
 
2017
 
(Opex Perforadora) PEMEX
 
October - 2022
 
December - 2025
 
Mexico
 
Operating
Gerd

PPL Pacific Class 400
 
400 ft
 
2018
 
  Bunduq
 
October - 2023
 
November - 2023
 
United Arab Emirates
 
Contract Preparations
 

 
 
 
 
 
 
 
 
December - 2023
 
August - 2024
 
United Arab Emirates
 
Committed with option to extend
Gersemi

PPL Pacific Class 400
 
400 ft
 
2018
 
(Opex Perforadora) PEMEX
 
October - 2022
 
December - 2025
 
Mexico
 
Operating
Grid

PPL Pacific Class 400
 
400 ft
 
2018
 
(Opex Perforadora) PEMEX
 
October - 2022
 
December - 2025
 
Mexico
 
Operating
Groa

PPL Pacific Class 400
 
400 ft
 
2018
 
Qatar Energy
 
April - 2022
 
April - 2024
 
Qatar
 
Operating with option to extend
Gunnlod

PPL Pacific Class 400
 
400ft
 
2018
 
SapuraOMV
 
 July - 2023
 
January - 2024
 
Malaysia
 
Operating
 

 
 
 
 
 
 
Undisclosed
 
February - 2024
 
May - 2024
 
Malaysia
 
LOA
 Hild

KFELS Super B Class
 
400 ft
 
2020
 
Fieldwood Energy
 
October - 2023
 
 October - 2025
 
Mexico
 
Operating
Idun

KFELS Super B Bigfoot Class
 
350 ft
 
2013
 
Petronas Carigali
 
March - 2022
 
December - 2023
 
Malaysia
 
Operating
 

 
 
 
 
 
 
 
 
December - 2023
 
January - 2024
 
Malaysia/Thailand
 
Contract Preparations/ SPS
 

 
 
 
 
 
 
PTTEP
 
January - 2024
 
January - 2026
 
Thailand
 
Committed with option to extend
Mist

KFELS Super B Bigfoot Class
 
350 ft
 
2013
 
Valeura Energy
 
January - 2023
 
November - 2023
 
Thailand
 
Operating
 

 
 
 
 
 
 
 
 
December - 2023
 
August - 2024
 
Thailand
 
Committed with option to extend
Natt

PPL Pacific Class 400
 
400 ft
 
2018
 
ENI
 
January - 2022
 
March - 2024
 
Congo
 
Operating
 

 
 
 
 
 
 
 
 
April - 2024
 
December - 2025
 
Congo
 
LOA
Njord

PPL Pacific Class 400
 
400 ft
 
2019
 
(Opex Perforadora) PEMEX
 
October - 2022
 
December - 2025
 
Mexico
 
Operating
Norve

PPL Pacific Class 400
 
400 ft
 
2011
 
BW Energy
 
December - 2022
 
June - 2024
 
Gabon
 
Operating
Odin

KFELS Super B Bigfoot Class
 
350 ft
 
2013
 
(Opex Perforadora) PEMEX
 
October - 2022
 
December - 2025
 
Mexico
 
Operating
Prospector 1 1

F&G, JU2000E
 
400 ft
 
2013
 
Neptune Energy
 
September - 2023
 
January - 2024
 
Netherlands
 
Operating with option to extend
Prospector 5 1

F&G, JU2000E
 
400 ft
 
2014
 
ENI
 
November - 2022
 
 March - 2024
 
Congo
 
Operating
 

 
 
 
 
 
 
 
 
April - 2024
 
May - 2026
 
Congo
 
LOA
Ran 1

KFELS Super A Class
 
400 ft
 
2013
 
TotalEnergies
 
November - 2023
 
May - 2024
 
Mexico
 
Operating with option to extend
 

 
 
 
 
 
 
Undisclosed
 
June - 2024
 
August - 2024
 
Mexico
 
Committed
Saga

KFELS Super B Bigfoot Class
 
400 ft
 
2019
 
Brunei Shell Petroleum
 
November - 2022
 
November - 2026
 
Brunei
 
Operating with option to extend
Skald

KFELS Super B Bigfoot Class
 
400 ft
 
2018
 
PTTEP
 
June - 2021
 
June - 2024
 
Thailand
 
Operating
 

 
 
 
 
 
 
 
 
July - 2024
 
September - 2025
 
Thailand
 
Committed with option to extend
Thor

KFELS Super B Bigfoot Class
 
400 ft
 
2019
 
CPOC
 
July - 2022
 
December - 2023
 
Malaysia-Thailand JDA
 
Operating
 

 
 
 
 
 
 
Petronas Carigali
 
January - 2024
 
May - 2024
 
 Indonesia
 
Committed
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available Rigs
None
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Under Construction Rigs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vale
 
KFELS Super B Bigfoot Class
 
400 ft
 
 
 
Under Construction
 
 
 
 
 
KFELS shipyard, Singapore
 
Delivery in October - 2024
Var
 
KFELS Super B Bigfoot Class
 
400 ft
 
 
 
Under Construction
 
 
 
 
 
KFELS shipyard, Singapore
 
Delivery in January - 2025
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 - HD/HE Capability.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating / Committed
 
Available
 
Cold Stacked
 
Under Construction
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Fleet
 
24
 
22
 
0
 
0
 
2
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Borr Drilling
 
Fleet Status Report - 16 November 2023
                                                 
                                                    
Rig Name

Location

2023
2024
2025
2026


Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
                                                                                                       
Premium Jack-Ups
Asia
Thor
 
Malaysia-Thailand JDA / Indonesia
 
CPOC
                   
Petronas Carigali
                                                             
Gunnlod
 
Malaysia
 
PTTEP
   
Petra
Prep
Sapura OMV
     
Undisclosed
                                                             
Idun
 
Malaysia / Thailand
 
Petronas Carigali
             
PTTEP
Option
               
Mist
 
Thailand
 
Valeura Energy
                                 
Option
                                                   
Saga
 
Brunei
 
Brunei Shell Petroleum
                                                                                   
Skald
 
Thailand
 
PTTEP
                                                             
Option
                         
Middle East
                                                                                                     
Arabia I
 
Saudi Arabia
 
Saudi Aramco
                                                             
Option
                       
Arabia II
 
Saudi Arabia
 
Saudi Aramco
                                                             
Option
                       
Arabia III 1
 
Saudi Arabia
 
Contract Prep/Enroute
Saudi Aramco
                                                                       
Groa
 
Qatar
 
QatarEnergy
                         
Option
                                                           
Gerd
 
United Arab Emirates
 
ADDAX
         
Enroute/Contract Prep
 Bunduq
           
Option
                                                   
Europe and Africa
                                                                                                     
Prospector 1 1
 
Netherlands
 
Neptune
                   
Option
                                                                 
Natt
 
Congo
 
ENI
                                                                                             
Norve
 
Gabon
 
BWE
                                                                                           
Prospector 5 1
 
Congo
 
ENI
                                                                                             
Mexico
                                                                                                     
   Ran 1
 
Mexico
 
Wintershall
     
Fieldwood Energy
TotalEnergies
       
Undisclosed
Option
                                                   
Galar
 
Mexico
 
Opex Perforadora (PEMEX)
                                                                                   
Gersemi
 
Mexico
 
Opex Perforadora (PEMEX)
                                                                                   
Grid
 
Mexico
 
Opex Perforadora (PEMEX)
                                                                                   
Njord
 
Mexico
 
Opex Perforadora (PEMEX)
                                                                                   
Odin
 
Mexico
 
Opex Perforadora (PEMEX)
                                                                                   
Hild
 
Mexico
 
Warm Stacked
Contract Prep/Enroute
Fieldwood Energy
                                                                     
                                                                                                       
Jack-Ups Under Construction
Vale
 
KFELS shipyard, Singapore
 
Delivery in October 2024
                                                     
Var
 
KFELS shipyard, Singapore
 
Delivery in January 2025
                                               
                                                                                                       
           

Firm

                 

Option

             

Available

             

Under Construction

             
                                                                                                       
1 - HD/HE Capability
                                                                                                     


Borr Drilling
 
Fleet Status Report - 16 November 2023
           
           
           
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.