EX-99.3 4 brhc10038344_ex99-3.htm EXHIBIT 99.3
Exhibit 99.3
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
Depth (ft)
  
Year Built
  
Customer  / Status
  
Contract Start
  
Contract End
  
Location
  
Comments
               
                                 
Contracted Rigs
                                 
Gunnlod
  
PPL Pacific Class 400
  
400 ft
  
2018
   Undisclosed  
April - 2022
  
October - 2022
  
Southeast Asia
  
Operating with option to extend
Idun
  
KFELS Super B Bigfoot Class
  
350 ft
  
2013
  
Petronas Carigali
  
March - 2022
  
May - 2023
  
Malaysia
  
Operating with option to extend
Mist
  
KFELS Super B Bigfoot Class
  
350 ft
  
2013
  
PTTEP
  
November - 2021
  
October - 2022
  
Thailand
  
Operating
Saga
  
KFELS Super B Bigfoot Class
  
400 ft
  
2018
  
Hess
  
September - 2021
  
September - 2022
  
Malaysia
  
Operating
Hess
   September - 2022
   October - 2022
   Malaysia
   Committed
Brunei Shell Petroleum
   November - 2022
   October - 2026
   Brunei
   Committed with option to extend
Skald
  
KFELS Super B Bigfoot Class
  
400 ft
  
2018
  
PTTEP
  
June - 2021
  
June - 2024
  
Thailand
  
Operating with option to extend
Thor
  
KFELS Super B Bigfoot Class
  
400 ft
  
2019
  
 
  
January - 2022
  
June - 2022
 
Singapore
  
Contract Preparations
       
CPOC
  
July - 2022
  
June - 2023
  
Malaysia-Thailand Joint
Development Area
  
LOA
Gerd
  
PPL Pacific Class 400
  
400 ft
  
2018
  
Addax
  
February - 2022
  
March - 2023
  
Cameroon
  
Operating with option to extend
Natt
  
PPL Pacific Class 400
  
400 ft
  
2018
  
ENI
  
January - 2022
  
January - 2023
  
Congo
  
Operating with option to extend
Norve
  
PPL Pacific Class 400
  
400 ft
  
2011
  
Vaalco
  
December - 2021
  
August - 2022
  
Gabon
  
Operating with option to extend
       
BW Energy
  
October - 2022
  
May - 2023
  
Gabon
  
Committed with option to extend
Groa
  
PPL Pacific Class 400
  
400 ft
  
2018
  
Qatar Energy
  
April - 2022
  
April - 2024
  
Qatar
  
Operating with option to extend
Arabia I
   KFELS B Class
   400 ft
   2020
       April - 2022
   October - 2022
  Singapore
  Contract Preparations
  Saudi Aramco
   October - 2022
   October - 2025
  Saudi Arabia
  Committed with option to extend
Arabia II
  KFELS B Class
   400 ft
   2019
       April - 2022   October - 2022   Singapore   Contract Preparations
  Saudi Aramco   October - 2022   October - 2025   Saudi Arabia   Committed with option to extend
Prospector 1 1
  
F&G, JU2000E
  
400 ft
  
2013
  
Neptune
  
March - 2022
  
January - 2023
  
Netherlands / United Kingdom
  
Operating with option to extend
Prospector 5 1
  
F&G, JU2000E
  
400 ft
  
2014
  
Dana Petroleum
  
May - 2022
  
June - 2022
 
Netherlands
  
Operating
Ran 1
KFELS Super A Class
  
400 ft
  
2013
  
Petrofac
  
March - 2022
  
July - 2022
  
United Kingdom
  
Operating with option to extend
       
Wintershall
  
August - 2022
  
January - 2023
  
Mexico
  
Committed
Galar
  
PPL Pacific Class 400
  
400 ft
  
2017
  
PEMEX
  
April - 2020
  
December - 2022
  
Mexico
  
Operating
Gersemi
  
PPL Pacific Class 400
  
400 ft
  
2018
  
PEMEX
  
August - 2019
  
December - 2022
  
Mexico
  
Operating
Grid
  
PPL Pacific Class 400
  
400 ft
  
2018
  
PEMEX
  
August - 2019
  
December - 2022
  
Mexico
  
Operating
Njord
  
PPL Pacific Class 400
  
400 ft
  
2019
  
PEMEX
  
June - 2020
  
December - 2022
  
Mexico
  
Operating
Odin
  
KFELS Super B Bigfoot Class
  
350 ft
  
2013
  
PEMEX
  
March - 2020
  
December - 2022
  
Mexico
  
Operating
                                 
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
 

Borr Drilling

Fleet Status Report - 31st May 2022
 

 
 
 
 
 
 
 
 
 
 
 
 
           
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.