Hild

[escveritas]

Borr Drilling Limited – Announcement of new contract

Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) is pleased to announce that its premium jack-up rig “Hild” has been awarded a contract from an undisclosed customer for work in Latin America. The contract duration covers a firm term of 725 days and is expected to commence in Q3 2023, following the conclusion of the rig’s ongoing activation. The estimated contract value is US$123 million, including mobilization and demobilization fees.

Following this award, all of the Company’s 22 delivered units are now contracted or committed, with no open availability until late Q3 2023. Amidst an improving market, the Company remains optimistic about recontracting opportunities for its premium fleet.

Hamilton, Bermuda

10 April 2023

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Last week we had the opportunity to welcome one of our new clients onboard Borr Drilling’s Hild in Singapore. The Hild (Super B class) is one of the Valkyries in Norse mythology, a personification of battle. She is the fourteenth new build to be activated by our Singapore team before departing Singapore for operations.

The mighty Hild and our Mexico Operations team will depart Singapore this month for its maiden contract with Fieldwood Energy in Mexico.

Congratulations to the Singapore transition team for another critical delivery.

We wish Team Hild a safe and efficient start-up and operations.

Ken Johnson - VP SEA

[escveritas]

Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) has today published an investor presentation enclosed to this release and on its website www.borrdrilling.com, in addition to providing the following contracting updates.

In August 2023, our premium jack-up rig “Hild” completed its transit to Mexico and is undergoing final preparations ahead of its maiden contract with Fieldwood. Currently our premium jack-up rig “Ran” is on contract with the same customer. “Hild” is expected to commence its contract in mid-October. Concurrently, “Ran” will be mobilized to its subsequent contract with Total in Mexico, expected to commence in the second half of October 2023.