Gunnlod

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escveritas
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Gunnlod

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Signed Contract (from LOA): Sep 2020 to Mar 2021, PTTEP, Malaysia
escveritas
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Re: Gunnlod

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The Gunnlod is operating in block SK410B, exploring for natural gas under a contract with Thailand’s PTT Exploration and Production (PTTEP). The company made its largest ever discovery a few miles south of the Gunnlod’s current location in 2019.

PTT Exploration and Production Public Company Limited, or PTTEP wishes to announce that PTTEP HK Offshore Limited (Malaysia Branch) or PTTEP HKO, a wholly-owned subsidiary of PTTEP, has made a discovery of gas at the Lang Lebah-1RDR2, the first exploration well in Sarawak SK410B Project located in offshore Sarawak, Malaysia.

Commenced in March 2019, the drilling of Lang Lebah-1RDR2 was targeted non-associated gas in the primary target of the Middle Miocene cycle IV/V carbonate reservoir and undertaken to a total depth of 3,810 meters. The well encountered 252 meters of net gas pay, indicating multi-TCF gas discovery. The well was tested in carbonate main target reservoir with a completion-constrained (2-7/8” tubing) rate of 41.3 MMSCFD and 246 barrel of condensate per day (BCPD) through 40/64-inch choke size.

The drilling result of the Lang Lebah-1RDR2 is historically PTTEP’s largest discovery.This affirms PTTEP’s strategy in organically growing reserves from exploration activities. The discovery will require further drilling to confirm upside potential.

Sarawak SK410B Project is located in the shallow waters, approximately 90 kilometers offshore Sarawak, with the acreages of approximately 1,870 square kilometers. The consortium consists of PTTEP HKO (the Operator), KUFPEC and PETRONAS Carigali Sdn. Bhd. with participating interests of 42.5%, 42.5% and 15% respectively.
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Re: Gunnlod

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Borr Drilling Limited (NYSE and OSE: “BORR”) is pleased to announce it has secured a Letter of Award (“LOA”) for the premium jack-up drilling rig “Gunnlod” from an undisclosed operator in Malaysia. The program is expected to commence in Q4 2021 in direct continuation of the rig’s current contract with an approximate duration of 105 days. This LOA, which is expected to be converted into a contract shortly, will maintain the rig contracted over the monsoon season in South East Asia and into Q1 2022, when additional employment opportunities should be available for the rig.
escveritas
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Re: Gunnlod

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The premium jack-up drilling rig “Gunnlod” has secured a contract with an undisclosed operator in Southeast Asia. This contract is expected to commence in direct continuation of its current contract. The work will cover 11 wells with an anticipated duration of 186 days plus options.
escveritas
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Re: Gunnlod

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30 December 2022

Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) is pleased to announce it has been awarded new contracts for two of its premium jack-up drilling rigs. These awards increase the Company’s backlog by approximately 2,030 days, excluding optional periods.

The premium jack-up drilling rig “Gunnlod” has received a binding Letter of Award (“LOA”) from an undisclosed customer for work in Southeast Asia. The program has an estimated duration of 205 days and is expected to commence in June 2023 following the completion of its current firm contracts and a statutory periodic survey. The estimated contract value is $27.5 million.
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