EX-99.3 4 brhc20057915_ex99-3.htm EXHIBIT 99.3

Exhibit 99.3



Borr Drilling

Fleet Status Report - 17 Aug 2023
         
         
         
New Contracts / Extensions / Amendments
         
 
Mist
     
 
• Contract: December 2023 to August 2024, Valeura Energy, Thailand
   
 
Norve
     
 
• Option exercised: November 2023 to January 2024, BW Energy, Gabon
   
 
Prospector 1
     
 
• Extension : September 2023 to October 2023, Neptune Energy, Netherlands
   
         
Letters of Award / Letters of Intent / Negotiations
         
 
Thor
     
 
• Binding LOA: December 2023 to May 2024, Undisclosed, Southeast Asia
   
 
Gerd
     
 
• Binding LOA: December 2023 to August 2024, Undisclosed, Middle East
   
Other Developments
         
         
 
Gunnlod
     
 
• Commenced operations with SapuraOMV, Malaysia in June 2023
   
 
Ran
     
 
• Commenced operations with Fieldwood Energy, Mexico in July 2023
   
 
Vale
     
 
• Accelerated delivery date from July 2025 to October 2024
   
 
Var
     
 
• Accelerated delivery date from September 2025 to January 2025
   
         
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 - 17 August 2023
                                 
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
 
Saudi Aramco
 
October - 2022
 
October - 2025
 
Saudi Arabia
 
Operating 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
 
December- 2022
 
August - 2023
 
In Transit
 
Contract Preparations/Enroute
                   
September - 2023
 
September - 2028
 
Saudi Arabia
 
Committed with option to extend
Galar
 
PPL Pacific Class 400
 
400 ft
 
2017
 
(Opex Perforadora) PEMEX
 
October - 2022
 
December - 2025
 
Mexico
 
Operating
Gerd
 
PPL Pacific Class 400
 
400 ft
 
2018
 
Undisclosed
 
August - 2023
 
November -2023
 
West Africa
 
Contract Preparations/Enroute
                   
December - 2023
 
August - 2024
 
Middle East
 
LOA
Gersemi
 
PPL Pacific Class 400
 
400 ft
 
2018
 
(Opex Perforadora) PEMEX
 
October - 2022
 
December - 2025
 
Mexico
 
Operating
Grid
 
PPL Pacific Class 400
 
400 ft
 
2018
 
(Opex Perforadora) PEMEX
 
October - 2022
 
December - 2025
 
Mexico
 
Operating
Groa
 
PPL Pacific Class 400
 
400 ft
 
2018
 
Qatar Energy
 
April - 2022
 
April - 2024
 
Qatar
 
Operating with option to extend
Gunnlod
 
PPL Pacific Class 400
 
400ft
 
2018
 
SapuraOMV
 
June - 2023
 
January - 2024
 
Malaysia
 
Operating
 Hild
 
KFELS Super B Class
 
400 ft
 
2020
 
Fieldwood Energy
 
April -2023
 
August - 2023
 
In Transit
 
Contract Preparations/Enroute
                   
September - 2023
 
September 2025
 
Mexico
 
Committed
Idun
 
KFELS Super B Bigfoot Class
 
350 ft
 
2013
 
Petronas Carigali
 
March - 2022
 
November - 2023
 
Malaysia
 
Operating
Mist
 
KFELS Super B Bigfoot Class
 
350 ft
 
2013
 
Valeura Energy
 
January - 2023
 
November - 2023
 
Thailand
 
Operating
                   
December -2023
 
August - 2024
 
Thailand
 
Operating with option to extend
Natt
 
PPL Pacific Class 400
 
400 ft
 
2018
 
ENI
 
January - 2022
 
March - 2024
 
Congo
 
Operating with option to extend
Njord
 
PPL Pacific Class 400
 
400 ft
 
2019
 
(Opex Perforadora) PEMEX
 
October - 2022
 
December - 2025
 
Mexico
 
Operating
Norve
 
PPL Pacific Class 400
 
400 ft
 
2011
 
BW Energy
 
December - 2022
 
 January -  2024
 
Gabon
 
Operating with option to extend
Odin
 
KFELS Super B Bigfoot Class
 
350 ft
 
2013
 
(Opex Perforadora) PEMEX
 
October - 2022
 
December - 2025
 
Mexico
 
Operating
Prospector 1 1
 
F&G, JU2000E
 
400 ft
 
2013
 
Neptune Energy
 
March - 2022
 
August - 2023
 
Netherlands / United Kingdom
 
Operating
                   
September -2023
 
 October - 2023
 
Netherlands
 
Operating with option to extend
Prospector 5 1
 
F&G, JU2000E
 
400 ft
 
2014
 
ENI
 
November - 2022
 
 March - 2024
 
Congo
 
Operating with option to extend
Ran 1
 
KFELS Super A Class
 
400 ft
 
2013
 
Fieldwood Energy
 
 July - 2023
 
September - 2023
 
Mexico
 
Operating
               
TotalEnergies
 
October - 2023
 
April - 2024
 
Mexico
 
Committed
               
Undisclosed
 
May - 2024
 
July - 2024
 
Americas
 
Committed with option to extend
Saga
 
KFELS Super B Bigfoot Class
 
400 ft
 
2019
 
Brunei Shell Petroleum
 
November - 2022
 
November - 2026
 
Brunei
 
Operating 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
 
CPOC
 
July - 2022
 
December - 2023
 
Malaysia-Thailand JDA
 
Operating
               
Undisclosed
 
December - 2023
 
May - 2024
 
Southeast Asia
 
LOA
                                 
Available Rigs
None
                               
                                 
Under Construction Rigs
                                 
Var
 
KFELS Super B Bigfoot Class
 
400 ft
     
Under Construction
         
KFELS shipyard, Singapore
 
Delivery in January - 2025
Vale
 
KFELS Super B Bigfoot Class
 
400 ft
     
Under Construction
         
KFELS shipyard, Singapore
 
Delivery in October - 2024
                                 
                                 
1 - HD/HE Capability.
                               
                                 
                                 
               
Operating / Committed
 
Available
 
Cold Stacked
 
Under Construction
   
                                 

     
Total Fleet
 
24
 
22
 
0
 
0
 
2
   


Borr Drilling
 
Fleet Status Report - 17 August 2023
                                                                       
Rig Name
 
Location
 
2023
2024
2025
2026
   
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
   
                                                                                                 
Premium Jack-Ups
Asia
                                                                                                     
Thor
 
Malaysia-Thailand JDA/SEA
 
CPOC
              Undisclosed                                                                      
Gunnlod
 
Malaysia
 
PTTEP
 
Petra
SapuraOMV
                                                                             
Idun
 
Malaysia
 
Petronas Carigali
                                                                                     
Mist
 
Thailand
 
Valeura Energy
                      Option                                                      
Saga
 
Brunei
 
Brunei Shell Petroleum
                                                                           
Skald
 
Thailand
 
PTTEP
                               
Option
                                                       
Middle East
                                                                                                     
Arabia I
 
Saudi Arabia
 
Saudi Aramco
                                                           
Option
                       
Arabia II
 
Saudi Arabia
 
Saudi Aramco
                                                           
Option
                       
Arabia III 1
 
In Transit/Saudi Arabia
 
ContractPrep/Enroute
   
Saudi Aramco
                                                                 
Groa
 
Qatar
 
QatarEnergy
       
     
 
Option
                                                           
 Gerd  
West Africa / Middle East
   ADDAX     Contract Prep/Enroute    Undisclosed  
   
Option
                                                     
Europe and Africa
                                                                                             
Prospector 1 1
 
Netherlands/United Kingdom
 
Neptune
         
Option
                                                                         
Natt
 
Congo
 
ENI
                           
Option
                                                           
Norve
 
Gabon
 
BWE
             
Option
                                                                         
Prospector 5 1
 
Congo
 
ENI
                         
Option
                                                               
Mexico
 
   Ran 1
 
Mexico
 
Wintershall
       
FWE
TotalEnergies
     
Undisclosed
Option
                                                     
Galar
 
Mexico
 
Opex Perforadora (PEMEX)
                                                                                 
Gersemi
 
Mexico
 
Opex Perforadora (PEMEX)
                                                                                 
Grid
 
Mexico
 
Opex Perforadora (PEMEX)
                                                                                 
Njord
 
Mexico
 
Opex Perforadora (PEMEX)
                                                                                 
Odin
 
Mexico
  Opex Perforadora (PEMEX)                                                                                  
Hild
 
In Transit/Mexico
 
Warm Stacked
Contract Prep/Enroute
Fieldwood Energy
                                                               
                                                                                                       
Jack-Ups Under Construction
Vale
 
KFELS shipyard, Singapore
                          Delivery in October 2024

                       
Var
 
KFELS shipyard, Singapore
                         
Delivery in January 2025

                       
                                                                                                       
             

Firm

                Option                   Available
               

Under Construction

   
                                                                                                       
1-HD/HE Capability
                                                                                   


Borr Drilling
 
Fleet Status Report - 17 August 2023
           
           
           
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.