Borr Drilling Limited (NYSE and OSE: "BORR") is pleased to announce it has
secured a contract extension for its premium jack-up drilling rig "Mist" from
Valeura Energy in Thailand. The contract extension covers a firm term of 9
months starting in direct continuation to the current contract and will maintain
the rig contracted through August 2024. The estimated total contract value of
this extension is $41 million, excluding unpriced options.
Hamilton, Bermuda
23 June 2023
Forward looking statements
This press release includes forward looking statements, which do not reflect
historical facts and may be identified by words such as "will", "estimate" and
similar expressions and include statements relating to rig contracting including
the duration and value of such contracts and backlog, and other non-historical
statements. Such forward looking statements are subject to risks, uncertainties,
contingencies and other factors could cause actual events to differ materially
from the expectations expressed or implied by the forward-looking statements
included herein, including risks related to actual performance under drilling
contracts, the risk that backlog may not be realized, the number of rigs that
will be in operation and rates that are achieved, and other risks and
uncertainties described in the section entitled "Risk Factors" in our most
recent annual report on Form 20-F and other filings with the Securities and
Exchange Commission. Such risks, uncertainties, contingencies and other factors
could cause actual events to differ materially from the expectations expressed
or implied by the forward -looking statements included herein. These forward
-looking statements are made only as of the date of this release. We do not
undertake to update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise.
Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208