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Stock impact report

Borr Drilling Limited - Fleet status report

Borr Drilling Limited Common Shares (BORR) 
Company Research Source: PR Newswire
OSLO, Norway, Jan. 11, 2021 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") is pleased to announce in its fleet status report today that it has entered into a new contract, an extension and received an LOA, adding USD 35.1 million over approximately 480 days to the total backlog, with good prospects for additional backlog on these units.The previously announced LOI for the Norve, which is currently warm stacked, has been converted into a contact for two wells plus one option with BW Energy which is expected to commence operations in Gabon during April 2021.In Asia, the Idun has been awarded an LOA to commence operations in the first quarter of 2021, increasing the number of active rigs for the Company in Asia to a total of four. The contract's estimated duration, excluding options, is for a period up to 12 months.We are also pleased to announce a contract amendment on the Prospector 1 with the existing customer, One Dyas, for three optional wells, of which Show less Read more
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