EX-99.3 4 ef20029862_ex99-3.htm EXHIBIT 99.3

Exhibit 99.3




Borr Drilling
 
Fleet Status Report - 23 May 2024

         
         
         
New Contracts / Extensions / Amendments
         
 
Prospector 1
   
 
• Contract: March 2024 to October 2024, ONE-Dyas, United Kingdom / Netherlands
   
 
• Contract (from LOA): November 2024 to January 2025, Undisclosed, Netherlands
   
 
Gunnlod
   
 
• Contract: May 2024 to July 2024, Undisclosed, Southeast Asia
   
 
Thor
   
 
• Contract (from LOA): July 2024 to November 2024, Undisclosed, Southeast Asia
   
 
Norve
   
 
• Contract extension: August 2024 to October 2024, BW Energy, Gabon
   
 
• Contract: February 2025 to May 2025, Undisclosed, Africa
   
 
Groa
   
 
• Options exercised: May 2024 to April 2025, Qatar Energy, Qatar
   
         
Letters of Award / Letters of Intent / Negotiations
         
 
Rig TBD
   
 
• LOA: October 2024 to April 2025, Undisclosed, Africa
   
 
Rig TBD
   
 
• LOA: Q4 2024/Q1 2025 to Q1 2026/Q2 2026, Undisclosed, Africa
   
         
Other Developments
         
 
Prospector 1
   
 
• Concluded operations with Neptune Energy, Netherlands and commenced operations with ONE-Dyas, United Kingdom in direct continuation in late March 2024
   
 
Gunnlod
   
 
• Concluded operations with ROC Oil, Malaysia and commenced operations with an undisclosed customer, Southeast Asia in direct continuation in early May 2024
   
 
Arabia I
   
 
• Received Notice of Suspension from Saudi Aramco, Saudi Arabia in March 2024. Suspension commenced in early May 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 - 23 May 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
 
Committed with option to extend
                   
May - 2024
 
April - 2025
 
Bahrain
 
Suspension Period
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
 
PEMEX 2
 
April - 2024
 
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
 
PEMEX 2
 
January - 2024
 
December - 2025
 
Mexico
 
Operating
Grid
 
PPL Pacific Class 400
 
400 ft
 
2018
 
PEMEX 2
 
January - 2024
 
December - 2025
 
Mexico
 
Operating
Groa
 
PPL Pacific Class 400
 
400 ft
 
2018
 
Qatar Energy
 
April - 2022
 
April - 2025
 
Qatar
 
Operating with option to extend
Gunnlod
 
PPL Pacific Class 400
 
400ft
 
2018
 
Undisclosed
 
May - 2024
 
July - 2024
 
Southeast Asia
 
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
 
July - 2024
 
Congo
 
Operating
                   
August -  2024
 
December - 2025
 
Congo
 
LOA
Njord
 
PPL Pacific Class 400
 
400 ft
 
2019
 
PEMEX 2
 
April - 2024
 
December - 2025
 
Mexico
 
Operating
Norve
 
PPL Pacific Class 400
 
400 ft
 
2011
 
BW Energy
 
December - 2022
 
July - 2024
 
Gabon
 
Operating
               
BW Energy
 
August -  2024
 
October - 2024
 
Gabon
 
Committed
               
Undisclosed
 
February - 2025
 
May - 2025
 
Africa
 
Committed
Odin
 
KFELS Super B Bigfoot Class
 
350 ft
 
2013
 
PEMEX 2
 
April - 2024
 
December - 2025
 
Mexico
 
Operating
Prospector 1 1
 
F&G, JU2000E
 
400 ft
 
2013
 
ONE-Dyas
 
March - 2024
 
October - 2024
 
United Kingdom / Netherlands
 
Operating with option to extend
               
Undisclosed
 
November - 2024
 
January - 2025
 
Netherlands
 
Committed
Prospector 5 1
 
F&G, JU2000E
 
400 ft
 
2014
 
ENI
 
April - 2024
 
May - 2026
 
Congo
 
Operating
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
 
 November - 2024
 
Southeast Asia
 
Committed
TBD
             
Undisclosed
 
October - 2024
 
April - 2025
 
Africa
 
LOA
TBD
             
Undisclosed
 
Q4 2024/Q1 2025
 
Q1 2026/Q2 2026
 
Africa
 
LOA
                                 
Available Rigs
None
                               
                                 



Under Construction Rigs
                                 
Vali
 
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
2 - Rigs provided by Borr Drilling through a bareboat charter arrangement and services provided by our Mexican Joint Venture or by Borr Drilling, with ultimate customer being PEMEX
                                 
                                 
               
Operating / Committed
 
Available
 
Cold Stacked
 
Under Construction
   
                                 

     
Total Fleet
 
24
 
22
 
0
 
0
 
2
   
                                 


Borr Drilling
 
Fleet Status Report - 23 May 2024
       


Rig Name
 
Location
 
2024
2025
2026
   
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
                                                                               
Premium Jack-Ups
Southeast Asia
                                                                         
Thor
 
 Indonesia / Southeast Asia
 
Petronas Carigali
   
Undisclosed
                                                     
Gunnlod
 
Malaysia / Southeast Asia
   
ROC Oil
 
Undisclosed
                                                         
Idun
 
Thailand
 
Prep
PTTEP
                                             
Option
               
Mist
 
Thailand
 
Valeura Energy
                                 
Option
                           
Saga
 
Brunei
 
Brunei Shell Petroleum
                                                               
Skald
 
Thailand
 
PTTEP
                                     
Option
                         
Middle East
                                                                         
Arabia I
 
Saudi Arabia / Bahrain
 
Saudi Aramco
 
Suspension
                             
Option
                       
Arabia II
 
Saudi Arabia
 
Saudi Aramco
                                     
Option
                       
Arabia III 1
 
Saudi Arabia
 
Saudi Aramco
                                                                 
Groa
 
Qatar
 
QatarEnergy
                           
Option
                                   
Gerd
 
United Arab Emirates
 
Bunduq
           
Option
                                                   
Europe and Africa
                                                                         
Prospector 1 1
 
United Kingdom / Netherlands
 
Neptune
ONE-Dyas
           
Undisclosed
Option
                                         
Natt
 
Congo
 
ENI
                                                                     
Norve
 
Gabon / Africa
 
BWE
                       
Undisclosed
                                       
Prospector 5 1
 
Congo
 
ENI
                                                                     
TBD
 
Africa
                   
Undisclosed
                                               
TBD
 
Africa
                         
Undisclosed
                                         
Mexico
                                                                         
   Ran 1
 
Mexico
 
TotalEnergies
           
Wintershall
Option
                                           
Galar
 
Mexico
       
PEMEX 2
                                                             
Gersemi
 
Mexico
 
PEMEX 2
                                                                   
Grid
 
Mexico
 
PEMEX 2
                                                                   
Njord
 
Mexico
       
PEMEX 2
                                                             
Odin
 
Mexico
       
PEMEX 2
                                                             
Hild
 
Mexico
 
Fieldwood Energy
                                                               
                                                                               
Jack-Ups Under Construction
Vali
 
KFELS shipyard, Singapore
  Available in October 2024
                                                     
Var
 
KFELS shipyard, Singapore
  Available in January 2025
                                               
                                                                               
       
 

Firm/LOA

     
 

Option

         
   

Available

       

 

UnderConstruction

         
                                                                               
                                                                               
1 - HD/HE Capability
2 - Rigs provided by Borr Drilling through a bareboat charter arrangement and services provided by our Mexican Joint Venture or by Borr Drilling, with ultimate customer being PEMEX
               



Borr Drilling

Fleet Status Report - 23 May 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.