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Borr Drilling Management Reports 2024
6241_rns_2024-11-06_dee0e130-48d5-4549-9d1b-f3203d62d8e9.pdf
Management Reports
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Fleet Status Report
06 November 2024
Borr Drilling Limited S.E Pearman Building, 2nd Fl, 9 Par-la-Ville Road, Hamilton HM11, Bermuda
Gerd
• Concluded operations with Bunduq (UAE) in late August 2024 and is currently in transit to West Africa for its new contract
| New Contracts / Extensions / Amendments | |
|---|---|
| Mist | |
| • Contract extension: September 2025 to August 2026, Valeura Energy (Thailand) | |
| Prospector 1 | |
| • Contract extension: May 2025 to July 2025, ONE-Dyas (UK/Netherlands) | |
| Hild | |
| • Contract extension: November 2025 to March 2026, Fieldwood Energy (Mexico) | |
| Gunnlod | |
| • Contract (from LOA): November 2024 to May 2025, ExxonMobil (Malaysia) | |
| Letters of Award / Letters of Intent / Negotiations | |
| None | |
| Other Developments | |
| Gunnlod | |
| • Commenced operations with ExxonMobil in Malaysia in early November 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
| 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 | Petrobras 3 | July - 2024 Q1 2025 |
December - 2024 Q1 2029 |
Bahrain/Brazil Brazil |
Contract Prep/Mob Committed 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 | PEMEX 2 | April - 2024 | December - 2025 | Mexico | Operating | ||
| Gerd | PPL Pacific Class 400 | 400 ft | 2018 | ENI | November - 2024 | April - 2025 | Congo | Committed 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 | ExxonMobil | November - 2024 | May - 2025 | Malaysia | Operating | ||
| Hild | KFELS Super B Class | 400 ft | 2020 | Fieldwood Energy | October - 2023 | March - 2026 | Mexico | Operating with option to extend | ||
| 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 - 2026 | Thailand | Operating with option to extend | ||
| Natt | PPL Pacific Class 400 | 400 ft | 2018 | ENI | August - 2024 | December - 2025 | Congo/Ghana | Operating | ||
| 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 | February - 2025 | Gabon | Operating | ||
| Marathon Oil | February - 2025 | June - 2025 | Equatorial Guinea | Committed | ||||||
| Odin | KFELS Super B Bigfoot Class | 350 ft | 2013 | PEMEX 2 | April - 2024 | December - 2025 | Mexico | Operating | ||
| ONE-Dyas | March - 2024 | October - 2024 | United Kingdom/Netherlands | Operating | ||||||
| Prospector 1 1 | F&G, JU2000E | 400 ft | 2013 | Undisclosed | November - 2024 | January - 2025 | Netherlands | Committed | ||
| ONE-Dyas | February - 2025 | July - 2025 | United Kingdom/Netherlands | Committed with option to extend | ||||||
| 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 | Wintershall | August - 2024 | December - 2024 | Mexico | Operating | ||
| Saga | KFELS Super B Bigfoot Class | 400 ft | 2018 | Brunei Shell Petroleum | November - 2022 | November - 2026 | Brunei | Operating with option to extend | ||
| Skald | KFELS Super B Bigfoot Class | 400 ft | 2018 | PTTEP | July - 2024 | September - 2025 | Thailand | Operating with option to extend | ||
| Vali | KFELS Super B Bigfoot Class | 400 ft | 2024 | Undisclosed | August - 2024 Q1 2025 |
December - 2024 Q2 2026 |
Singapore/Africa Africa |
Contract Prep/Mob Committed with option to extend |
Borr Drilling
Borr Drilling
| Operating / Committed | Available | Cold Stacked | Under Construction | ||
|---|---|---|---|---|---|
| Total Fleet | 24 | 22 | 1 | 0 | 1 |
| Rig Name | Rig Design | Rig Water Depth (ft) |
Year Built | Customer / Status | Contract Start | Contract End | Location | Comments |
|---|---|---|---|---|---|---|---|---|
| Available Rigs | ||||||||
| Thor | KFELS Super B Bigfoot Class | 400 ft | 2019 | Available | Singapore | Warm Stacked | ||
| Under Construction Rigs | ||||||||
| Var | KFELS Super B Bigfoot Class | 400 ft | Under Construction | 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 3 - Rig provided by Borr Drilling through a charter arrangement, with ultimate customer being Petrobras |
|||||||
| 2024 | 2025 | 2026 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rig Name | Location | Q1 Q2 |
Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | |||
| Premium Jack-Ups | ||||||||||||||
| Southeast Asia | ||||||||||||||
| Thor | Singapore | Petronas Carigali | HLJOC | |||||||||||
| Gunnlod | Malaysia | ROC Oil PTTEP |
ExxonMobil | |||||||||||
| Idun | Thailand | Prep PTTEP | Option | |||||||||||
| Mist | Thailand | Valeura Energy | Option | |||||||||||
| Saga | Brunei | Brunei Shell Petroleum | ||||||||||||
| Skald | Thailand | PTTEP | Option | |||||||||||
| Middle East | ||||||||||||||
| Arabia II | Saudi Arabia | Saudi Aramco | Option | |||||||||||
| Arabia III 1 | Saudi Arabia | Saudi Aramco | ||||||||||||
| Groa | Qatar | QatarEnergy | Option | |||||||||||
| Europe and Africa | ||||||||||||||
| Prospector 1 1 | United Kingdom/Netherlands | Neptune ONE-Dyas | ONE-Dyas | Undisclosed | ONE-Dyas | Option | ||||||||
| Natt | Congo/Ghana | ENI | ||||||||||||
| Norve | Gabon/Equatorial Guinea | BWE | Marathon Oil | |||||||||||
| Prospector 5 1 | Congo | ENI | ||||||||||||
| Gerd | Congo | Bunduq | Prep/Mob ENI | Option | ||||||||||
| Vali | Singapore/Africa | Prep/Mob | Undisclosed | Option | ||||||||||
| Mexico | ||||||||||||||
| Ran 1 | Mexico | TotalEnergies | Wintershall | |||||||||||
| Galar | Mexico | PEMEX 2 | ||||||||||||
| Gersemi | Mexico | PEMEX 2 | ||||||||||||
| Grid | Mexico | PEMEX 2 | ||||||||||||
| Njord | Mexico | PEMEX 2 | ||||||||||||
| Odin | Mexico | PEMEX 2 | ||||||||||||
| Hild | Mexico | Fieldwood Energy | Option | |||||||||||
| South America | ||||||||||||||
| Arabia I | Bahrain/Brazil | Saudi Aramco Suspension |
Prep/Mob | Petrobras3 | ||||||||||
| Jack-Ups Under Construction | ||||||||||||||
| Var | Singapore | Available in January 2025 | ||||||||||||
| Firm / LOA | Option | Available | Under Construction | |||||||||||
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
3 - Rig provided by Borr Drilling through a charter arrangement, with ultimate customer being Petrobras
Borr Drilling
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.
| given that the expectations expressed in these Forward- |
|---|
| ions proves to be inaccurate or is unrealised. These |
| nase of drilling units; oil and gas prices; and risks |
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.
