Prospector 5

[escveritas]

Borr Drilling Limited – Announcement of Letter of Award
29 August 2023

Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) is pleased to announce that its premium jack-up rigs “Prospector 5” and “Natt” have received a Letter of Award (“LOA”) for work in West Africa in direct continuation of their current contracts. The contracts will have a combined duration of 1,307 days and a total estimated contract value is $211 million.

Under this LOA, the “Prospector 5” and “Natt” will remain contracted until May 2026 and December 2025, respectively.