EX-99.3 4 ef20022192_ex99-3.htm EXHIBIT 99.3

Exhibit 99.3




Borr Drilling
 
Fleet Status Report - 22 February 2024

         
         
         
New Contracts / Extensions / Amendments
         
 
Gunnlod
     
 
• Contract (from LOA): January 2024 to May 2024, ROC Oil, Malaysia
   
 
Norve
     
 
• Contract extension: June 2024 to July 2024, BW Energy, Gabon
   
 
Mist
     
 
• Contract extension: September 2024 to August 2025, Valeura Energy, Thailand
   
 
Prospector 1
     
 
• Options exercised: February 2024 to March 2024, Neptune Energy, Netherlands
   
         
Letters of Award / Letters of Intent / Negotiations
         
 
Thor
     
 
• LOA: July 2024 to September 2024, Undisclosed, Southeast Asia
   
         
Other Developments
         
 
Gerd
     
 
• Commenced operations with Bunduq, United Arab Emirates in early December 2023
   
 
Thor
     
 
• Commenced operations with Petronas Carigali, Indonesia in late January 2024
   
 
Gunnlod
     
 
• Commenced operations with ROC Oil, Malaysia in late January 2024
   
 
Idun
     
 
• Commenced operations with PTTEP, Thailand in early February 2024
   
         
         
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 - 22 February 2024

                                 
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
 
December - 2023
 
August - 2024
 
United Arab Emirates
 
Operating 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
 
ROC Oil
 
January - 2024
 
May - 2024
 
Malaysia
 
Operating
 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
 
PTTEP
 
 February - 2024
 
 February - 2026
 
Thailand
 
Operating with option to extend
Mist
 
KFELS Super B Bigfoot Class
 
350 ft
 
2013
 
Valeura Energy
 
December - 2023
 
August - 2024
 
Thailand
 
Operating
                   
September - 2024
 
August - 2025
 
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
 
May - 2024
 
Gabon
 
Operating
                   
June - 2024
 
July - 2024
 
Gabon
 
Committed
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
 
March - 2024
 
Netherlands
 
Operating
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
 
September - 2024
 
Mexico
 
Operating with option to extend
               
Wintershall
 
October - 2024
 
December - 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
 
Petronas Carigali
 
January - 2024
 
June - 2024
 
 Indonesia
 
 Operating
               
Undisclosed
 
July - 2024
 
September - 2024
 
Southeast Asia
 
LOA
                                 
Available Rigs
None
                               
Under Construction Rigs
                                 
Vale
 
KFELS Super B Bigfoot Class
 
400 ft
     
Under Construction
         
KFELS shipyard, Singapore
 
Available in October - 2024
Var
 
KFELS Super B Bigfoot Class
 
400 ft
     
Under Construction
         
KFELS shipyard, Singapore
 
Available 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 - 22 February 2024

Rig Name
 
Location
 
2023
2024
2025
2026
   
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
                                                                                     
Premium Jack-Ups
Asia
Thor
 
 Indonesia / Southeast Asia
 
CPOC
   
Petronas Carigali
Undisclosed
                                                     
Gunnlod
 
Malaysia
 
Sapura OMV
 
ROC Oil
                                                             
Idun
 
Thailand
 
Petronas Carigali
Prep
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
 
Saudi Aramco
                                                                       
Groa
 
Qatar
 
QatarEnergy
           
Option
                                                             
Gerd
 
United Arab Emirates
 
Contract Prep
 Bunduq
               
Option
                                                   
Europe and Africa
                                                                                   
Prospector 1 1
 
Netherlands
 
Neptune
                                                                           
Natt
 
Congo
 
ENI
                                                                           
Norve
 
Gabon
 
BWE
                                                                           
Prospector 5 1
 
Congo
 
ENI
                                                                           
Mexico
                                                                                   
   Ran 1
 
Mexico
 
FWE
TotalEnergies
                 
Wintershall
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
 
Fieldwood Energy
                                                                         
                                                                                     
Jack-Ups Under Construction
Vale
 
KFELS shipyard, Singapore
            Available in October 2024                                                      
Var
 
KFELS shipyard, Singapore
                  Available in January 2025
                                               
                                                                                     
              Firm / LOA
           
Option
             
 Available
         
Under Construction
     
                                                                                     
1 - HD/HE Capability
                                                                                   
 


Borr Drilling
 
Fleet Status Report - 22 February 2024
 
           
           
           
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.