Fleet Status

Report

31st May 2022

Borr Drilling Limited

S.E Pearman Building, 2nd Fl, 9 Par-la-Ville Road, Hamilton HM11, Bermuda

Client Enquiries: marketing@borrdrilling.com

Investor Enquiries: ir@borrdrilling.com

Borr Drilling

Fleet Status Report - 31st May 2022

New Contracts / Extensions / Amendments

Gunnlod

• Contract: April 2022 to October 2022, Undisclosed, Southeast Asia

Saga

• Contract: September 2022 to October 2022, Hess, Malaysia

Saga

  • Contract: Nov 2022 to October 2026, Brunei Shell Petroleum, Brunei
    Arabia I
  • Contract: October 2022 to October 2025, Saudi Aramco, Saudi Arabia
    Arabia II
  • Contract: October 2022 to October 2025, Saudi Aramco, Saudi Arabia
    Mist
  • Option exercised by PTTEP, Thailand

Norve

  • 2 x wells option exercised by Vaalco, Gabon
    Prospector 1
  • Option exercised by Neptune, UK

Letters of Award / Letters of Intent / Negotiations

None to report

Other Developments

Gunnlod

• Concluded operations with IPC , Malaysia and commenced follow on contract in April 2022 (Southeast Asia).

Idun

• Commenced operations with Petronas Carigali Sdn Bhd (PCSB), Malaysia in March 2022

Groa

  • Commenced operations with QatarEnergy, Qatar in April 2022
    Prospector 5
  • Commenced operations with Dana Petroleum, Netherlands in May 2022
    Prospector 1
  • Concluded operations with Kistos, Netherlands in February 2022 and commenced operations with Neptune, Netherlands in March 2022
    Ran
  • Commenced operations with Petrofac, United Kingdom in March 2022

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 - 31st May 2022

Rig Name

Rig Design

Rig Water

Year Built

Customer / Status

Contract Start

Contract End

Location

Comments

Depth (ft)

Contracted Rigs

Gunnlod

PPL Pacific Class 400

400 ft

2018

Undisclosed

April - 2022

October - 2022

Southeast Asia

Idun

KFELS Super B Bigfoot Class

350 ft

2013

Petronas Carigali

March - 2022

May - 2023

Malaysia

Mist

KFELS Super B Bigfoot Class

350 ft

2013

PTTEP

November - 2021

October - 2022

Thailand

Hess

September - 2021

September - 2022

Malaysia

Saga

KFELS Super B Bigfoot Class

400 ft

2018

Hess

September - 2022

October - 2022

Malaysia

Brunei Shell Petroleum

November - 2022

October - 2026

Brunei

Skald

KFELS Super B Bigfoot Class

400 ft

2018

PTTEP

June - 2021

June - 2024

Thailand

Thor

KFELS Super B Bigfoot Class

400 ft

2019

January - 2022

June - 2022

Singapore

CPOC

July - 2022

June - 2023

Malaysia-Thailand Joint Development

Area

Gerd

PPL Pacific Class 400

400 ft

2018

Addax

February - 2022

March - 2023

Cameroon

Natt

PPL Pacific Class 400

400 ft

2018

ENI

January - 2022

January - 2023

Congo

Norve

PPL Pacific Class 400

400 ft

2011

Vaalco

December - 2021

August - 2022

Gabon

BW Energy

October - 2022

May - 2023

Gabon

Groa

PPL Pacific Class 400

400 ft

2018

Qatar Energy

April - 2022

April - 2024

Qatar

Arabia I

KFELS B Class

400 ft

2020

April - 2022

October - 2022

Singapore

Saudi Aramco

October - 2022

October - 2025

Saudi Arabia

Arabia II

KFELS B Class

400 ft

2019

April - 2022

October - 2022

Singapore

Saudi Aramco

October - 2022

October - 2025

Saudi Arabia

Prospector 1 1

F&G, JU2000E

400 ft

2013

Neptune

March - 2022

January - 2023

Netherlands / United Kingdom

Prospector 5 1

F&G, JU2000E

400 ft

2014

Dana Petroleum

May - 2022

June - 2022

Netherlands

Ran 1

KFELS Super A Class

400 ft

2013

Petrofac

March - 2022

July - 2022

United Kingdom

Wintershall

August - 2022

January - 2023

Mexico

Galar

PPL Pacific Class 400

400 ft

2017

PEMEX

April - 2020

December - 2022

Mexico

Gersemi

PPL Pacific Class 400

400 ft

2018

PEMEX

August - 2019

December - 2022

Mexico

Grid

PPL Pacific Class 400

400 ft

2018

PEMEX

August - 2019

December - 2022

Mexico

Njord

PPL Pacific Class 400

400 ft

2019

PEMEX

June - 2020

December - 2022

Mexico

Odin

KFELS Super B Bigfoot Class

350 ft

2013

PEMEX

March - 2020

December - 2022

Mexico

Operating with option to extend Operating with option to extend Operating

Operating

Committed

Committed with option to extend Operating with option to extend Contract Preparations

LOA

Operating with option to extend Operating with option to extend Operating with option to extend Committed with option to extend

Operating with option to extend

Contract Preparations

Committed with option to extend

Contract Preparations

Committed with option to extend Operating with option to extend Operating

Operating with option to extend

Committed

Operating

Operating

Operating

Operating

Operating

Borr Drilling

Fleet Status Report - 31st May 2022

Rig Name

Rig Design

Rig Water

Year Built

Customer / Status

Contract Start

Contract End

Location

Comments

Depth (ft)

Available Rigs

Frigg 1

KFELS Super A Class

400 ft

2013

Available

Cameroon

Warm Stacked

Gyme

PPL Pacific Class 400

400 ft

2018

Available

Singapore

Warm Stacked

Hild

KFELS Super B Class

400 ft

2020

Available

Singapore

Warm Stacked

Under Construction Rigs

Tivar

KFELS Super B Bigfoot Class

400 ft

Under Construction

KFELS shipyard, Singapore

Rig Delivery in May - 2025

Vale

KFELS Super B Bigfoot Class

400 ft

Under Construction

KFELS shipyard, Singapore

Rig Delivery in July - 2025

Var

KFELS Super B Bigfoot Class

400 ft

Under Construction

KFELS shipyard, Singapore

Rig Delivery in September - 2025

Huldra

KFELS Bigfoot B Class

400 ft

Under Construction

KFELS shipyard, Singapore

Rig Delivery in October - 2025

Heidrun

KFELS Bigfoot B Class

350 ft

Under Construction

KFELS shipyard, Singapore

Rig Delivery in December - 2025

1 - HD/HE Capability.

Operating / Committed

Available

Cold Stacked

Under Construction

Total Fleet

28

20

3

0

5

Borr Drilling

Fleet Status Report - 31st May 2022

Rig Name

Location

2022

2023

2024

2025

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Premium Jack-Ups

Thor

Singapore/Malaysia-Thailand JDA

Contract Prep

CPOC

Option

Gunnlod

Southeast Asia

IPC

Undisclosed

Option

Idun

Malaysia

Petronas Carigali

Option

Mist

Thailand

PTTEP

Saga

Malaysia/Brunei

Hess

Hess Brunei Shell Petroleum

Skald

Thailand

PTTEP

Option

Gerd

Cameroon

ADDAX

Option

Natt

Congo

ENI

Option

Norve

Gabon

Vaalco

BWE

Option

Groa

Qatar

Warm Stacked

QatarEnergy

Option

Arabia I

Singapore / Saudi Arabia

Contract Prep

Saudi Aramco

Option

Arabia II

Singapore / Saudi Arabia

Contract Prep

Saudi Aramco

Option

Prospector 1 1

Netherlands / United Kingdom

Kistos

Neptune

Option

Prospector 5 1

Netherlands

Dana

Ran 1

United Kingdom / Mexico

Petrofac

Mob

Wintershall

Galar

Mexico

PEMEX

Gersemi

Mexico

PEMEX

Grid

Mexico

PEMEX

Njord

Mexico

PEMEX

Odin

Mexico

PEMEX

Frigg 1

Cameroon

Warm Stacked

Gyme

Singapore

Warm Stacked

Hild

Singapore

Warm Stacked

Jack-Ups Under Construction

Tivar

KFELS shipyard, Singapore

Rig Delivery in May 2025

Vale

KFELS shipyard, Singapore

Rig Delivery in July 2025

Var

KFELS shipyard, Singapore

Rig Delivery in September 2025

Huldra

KFELS shipyard, Singapore

Rig Delivery in October 2025

Heidrun

KFELS shipyard, Singapore

Rig Delivery in December 2025

Firm

Option

Available

Under Construction

1 - HD/HE Capability

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Borr Drilling Ltd. published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 13:10:02 UTC.