EX-99.1 2 brhc10014015_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 Client Enquiries: marketing@borrdrilling.com    Investor Enquiries: ir@borrdrilling.com    03rd August 2020    Fleet Status Report   
 

           Saga  Signed Contract (from LOA): Sep 2020 to Sep 2021, PTTEP, Malaysia.  Gunnlod  Signed Contract (from LOA): Sep 2020 to Mar 2021, PTTEP, Malaysia.  Gerd  Exxon elected to rescind the Notice of Early Termination previously issued and replace it with a Suspension Notice. Suspension payout is applicable pursuant to Contract provisions.  Groa  Exxon elected to rescind the Notice of Early Termination previously issued and replace it with a Suspension Notice. Suspension payout is applicable pursuant to Contract provisions.  Mist  ROC Oil rescinded previously announced Notice of Termination and replaced it with Suspension Notice. Operations are scheduled to start around Sep 2020 - Oct 2020 in Malaysia.  Ran  Received a Notice of Termination of Contract from Centrica Storage effective July 2020.  Norve  LOI: Q1 2021, West Africa  Prospector 1  LOI: Oct 2020 to Jan 2021, North Sea.  Borr DrillingFleet Status Report - 03rd August 2020  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.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.  Letters of Intent / Negotiations  New Contracts / Extensions / Amendments              Borr Drilling - Fleet Status Report - August 2020 
 

 Rig Name  Rig Design  Rig Water Depth (ft)  Year Built  Customer / Status  Contract Start  Contract End  Location  Comments  Premium Jack-Ups                  Gyme  PPL Pacific Class 400  400 ft  2018  Available      Singapore  Warm Stacked  Skald  KFELS Super B Bigfoot Class  400 ft  2018  Available      Singapore  Warm Stacked  Thor  KFELS Super B Bigfoot Class  400 ft  2019  Available      Singapore  Warm Stacked  Hermod  KFELS B Class  400 ft  2019  Available      Singapore  Warm Stacked  Heimdal  KFELS B Class  400 ft  2020  Available      Singapore  Warm Stacked  Hild  KFELS Super B Class  400 ft  2020  Available      Singapore  Warm Stacked  Gerd  PPL Pacific Class 400  400 ft  2018  Available      Cameroon  Warm Stacked  Groa  PPL Pacific Class 400  400 ft  2018  Available      Cameroon  Warm Stacked  Ran 1  KFELS Super A  400 ft  2013  Available      United Kingdom  Warm Stacked  Mist  KFELS Super B Bigfoot Class  350 ft  2013  Available  May - 2020  September - 2020  Malaysia  Warm Stacked          ROC Oil  September - 2020  March - 2021  Malaysia  Committed with option to extend  Prospector 1 1  F&G, JU2000E  400 ft  2013  Available  April - 2020  September - 2020  United Kingdom  Warm Stacked          Undisclosed  October - 2020  January - 2021  North Sea  LOI  Norve  PPL Pacific Class 400  400 ft  2011  Available  March - 2020  December - 2020  Gabon  Warm Stacked          Undisclosed  January - 2021  March - 2021  West Africa  LOI  Gunnlod  PPL Pacific Class 400  400 ft  2018  Available  March - 2020  August - 2020  Singapore  Contract Preparations and Mobilization          PTTEP  September - 2020  March - 2021  Malaysia  Committed with option to extend  Saga  KFELS Super B Bigfoot Class  400 ft  2018  Eni  February - 2020  July - 2020  Vietnam  Operating          PTTEP  September- 2020  September - 2021  Malaysia  Committed with option to extend  Idun  KFELS Super B Bigfoot Class  350 ft  2013  Hoang Long  November - 2019  May - 2020  Vietnam  Operating          JVPC  May - 2020  August - 2020  Vietnam  Committed with option to extend  Galar  PPL Pacific Class 400  400 ft  2017  Available  November - 2019  March - 2020  Singapore  Contract Preparations and Mobilization          PEMEX  April - 2020  October - 2021  Mexico  Operating  Njord  PPL Pacific Class 400  400 ft  2019  Available  November - 2019  May - 2020  Singapore  Contract Preparations and Mobilization          PEMEX  June - 2020  December - 2021  Mexico  Committed  Gersemi  PPL Pacific Class 400  400 ft  2018  PEMEX  August - 2019  February - 2021  Mexico  Operating  Grid  PPL Pacific Class 400  400 ft  2018  PEMEX  August - 2019  February - 2021  Mexico  Operating  Odin  KFELS Super B Bigfoot Class  350 ft  2013  Available  December - 2019  February - 2020  Mexico  Contract Preparations          PEMEX  March - 2020  August - 2021  Mexico  Operating  Frigg 1  KFELS Super A  400 ft  2013  Shell  December - 2019  December - 2020  Nigeria  Operating  Prospector 5 1  F&G, JU2000E  400 ft  2014  Neptune  May - 2019  April - 2020  Netherlands  Operating          Available  April - 2020  October - 2020  United Kingdom  Warm Stacked          CNOOC  November - 2020  April - 2022  United Kingdom  Committed with option to extend  Natt  PPL Pacific Class 400  400 ft  2018  First E&P  April - 2019  April - 2021  Nigeria  Operating with option to extend  Borr DrillingFleet Status Report - 03rd August 2020    Borr Drilling - Fleet Status Report - August 2020 
 

 Rig Name  Rig Design  Rig Water Depth (ft)  Year Built  Customer / Status  Contract Start  Contract End  Location  Comments  Borr DrillingFleet Status Report - 03rd August 2020                                                Tivar  KFELS Super B Bigfoot Class  400 ft    Under Construction      KFELS shipyard, Singapore  Rig Delivery in June - 2022  Heidrun  KFELS Bigfoot B Class  400 ft    Under Construction      KFELS shipyard, Singapore  Rig Delivery in September - 2022  Vale  KFELS Super B Bigfoot Class  400 ft    Under Construction      KFELS shipyard, Singapore  Rig Delivery in July - 2022  Atla  F&G, JU 2000  400 ft  2003        United Arab Emirates    Balder  F&G, JU 2000  400 ft  2003        Cameroon    Eir 2  F&G, Mod VI Universe Class  394 ft  1999        United Kingdom  Not Marketed  Huldra KFELS Bigfoot B Class 400 ft Under Construction KFELS shipyard, Singapore Rig Delivery in August - 2022  Var KFELS Super B Bigfoot Class 400 ft Under Construction KFELS shipyard, Singapore Rig Delivery in September - 2022  Total Jack-Ups  31                      Semi - Submersible  0  0                    Total Fleet  31  14  9  3  5  Jack-Ups Under Construction  Cold Stacked Jack-Ups  - HD/HE Capability.- Asset under sales agreement subject to conditionsForward 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.                                                                                        Operating / Committed  Available  Cold Stack  Under Construction              Premium Jack-Ups  30  14  9  2  5              Standard Jack-Ups  1  0    1 2    Borr Drilling - Fleet Status Report - August 2020 
 

                                                                                                     Option  LOI  Option  Option  Option  PEMEX  PEMEX  Frigg 1 NigeriaGersemi MexicoGrid MexicoNatt NigeriaGalar MexicoNjord MexicoOdin MexicoProspector 5 1 Netherlands / United Kingdom  CNOOC  Option  Balder  Mob  Mob PEMEX  Mob  - HD/HE Capability.- Asset under sales agreement subject to conditions.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.  PEMEX  Neptune  PEMEX  Shell  Warm Stacked  First E&P  Skald Singapore Warm StackedThor Singapore Warm StackedHermod Singapore Warm StackedHeimdal Singapore Warm StackedHild Singapore Warm StackedGerd Cameroon Exxon Warm StackedGroa Cameroon Exxon Warm StackedRan 1 United Kingdom Spirit Energy Warm StackedMist Malaysia Vestigo Warm Stacked ROC OilProspector 1 1 United Kingdom / North Sea Total Warm StackedNorve Gabon / West Africa BW EnergyGunnlod Singapore / Malaysia Contract Prep & Mob PTTEPSaga Vietnam / Malaysia Mob PTTEPIdun Vietnam Hoang Long JVPC Option  Mob  Eni  Gyme Singapore Warm Stacked  Atla  Eir 2  Borr DrillingFleet Status Report - 03rd August 2020  Premium Jack-Ups  Jack-Ups Under Construction  Cold Stacked Jack-Ups                                                                                                                Warm Stacked  LOI                                                                                                                                      Rig Name  Location  2020        2021        2022        2023            Q1  Q2  Q3  Q4  Q1  Q2  Q3  Q4  Q1  Q2  Q3  Q4  Q1  Q2  Q3  Q4                                                                                              Huldra KFELS shipyard, Singapore    Rig Delivery in August - 2022              `  Tivar  KFELS shipyard, Singapore  Rig Delivery in June - 2022                Heidrun  KFELS shipyard, Singapore  Rig Delivery in September - 2022                Vale  KFELS shipyard, Singapore  Rig Delivery in July - 2022                Var KFELS shipyard, Singapore    Rig Delivery in September - 2022                United Arab Emirates          Cameroon          United Kingdom              Option  Available    Under Construction  Borr Drilling - Fleet Status Report - August 2020