Borr Drilling - M&A Activity 2017

Borr Drilling and Schlumberger sign enhanced collaboration agreement

Borr Drilling Management DMCC and Schlumberger signed today an agreement to offer

integrated, performance-based drilling contracts in the offshore jack-up market by leveraging the

Schlumberger global foot print, infrastructure and technical expertise and Borr Drilling's modern

jack-up fleet.

The combination of the Borr rigs with the Schlumberger integrated offering is the next step in

delivering safe, reliable and efficient drilling operations to our customers through commercially

aligned business models.

Borr Drilling CEO Simon Johnson commented, "The collaboration with Schlumberger is a key

enabler to successfully execute our strategy and deliver a truly differentiated offering to our

customers, using innovative business models."

The companies will also explore opportunities to work together in areas such as training,

technology projects, and performance optimization.

About Borr

Borr Drilling Limited is a public limited liability Company incorporated under the laws of Bermuda

with registration number 51741.

The company is listed on the Oslo Stock Exchange (OSE) under the ticker "BDRILL". The company

has one class of share.

Please find a summary of legal key information for shareholders in Borr Drilling Limited below. The

overview is based on relevant legislation. Borr Drilling Limited follows Oslo Børs' recommendation

on reporting investor information.

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