Exhibit 99.4
| Borr Drilling Fleet Status Report - 26th February 2021 | |
New Contracts / Extensions / Amendments
Idun
| | • | Signed Contract (from LOA): March 2021 to January 2022, Vestigo, Malaysia. |
Letters of Award / Letters of Intent / Negotiations
Prospector 1
| | • | LOI: Q2 2021, Undisclosed, North Sea |
| | • | LOA: June 2021 to June 2024, PTTEP, Thailand. |
Grid
| | • | LOI: March 2021 to December 2021, Pemex, Mexico. |
| | • | LOI: March 2021 to December 2021, Pemex, Mexico. |
| | • | LOI: October 2021 to December 2021, Pemex, Mexico. |
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.
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.
| Borr Drilling
26th February 2021 | |
| Rig Name | | Rig Design | | Rig Water Depth (ft) | | Year Built | | Customer / Status | | Contract Start | | Contract End | | Location | | Comments |
| | | | | | | | | | | | | | | | | |
| Premium Jack-Ups | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| Mist | | KFELS Super B Bigfoot Class | 350 ft | | 2013 | | Available | | May - 2020 | | September - 2020 | Malaysia | | Warm Stacked |
| | | | | | | | | ROC Oil | | October - 2020 | | May - 2021 | | Malaysia | | Operating |
Prospector 1 2 | | F&G, JU2000E | | 400 ft | | 2013 | | One-Dyas | | October - 2020 | | March - 2021 | | Netherlands | | Operating with option to extend |
| | | | | | | | | Undisclosed | | April- 2021 | | November - 2021 | North Sea | | LOI |
| Norve | | PPL Pacific Class 400 | | 400 ft | | 2011 | | Available | | March - 2020 | | March - 2021 | | Gabon | | Warm Stacked |
| | | | | | | | | BWE | | April - 2021 | | July - 2021 | | Gabon | | Committed |
| Idun | | KFELS Super B Bigfoot Class | 350ft | | 2013 | | Available | | August - 2020 | | February - 2021 | | Malaysia | | Warm Stacked |
| | | | | | | | | Vestigo | | March - 2021 | | January - 2022 | | Malaysia | | Committed |
| Gunnlod | | PPL Pacific Class 400 | | 400 ft | | 2018 | | Mobilization | | March - 2020 | | August - 2020 | | Singapore | | Contract Preparations and Mobilization |
| | | | | | | | | PTTEP | | September - 2020 | May - 2021 | | Malaysia | | Operating with option to extend |
| Saga | | KFELS Super B Bigfoot Class | 400 ft | | 2018 | | Eni | | February - 2020 | | July - 2020 | | Vietnam | | Operating |
| | | | | | | | | PTTEP | | September- 2020 | October - 2021 | | Malaysia | | Operating with option to extend |
| Galar | | PPL Pacific Class 401 | | 400 ft | | 2017 | | PEMEX | | April - 2020 | | December - 2021 | Mexico | | Operating |
| Njord | | PPL Pacific Class 401 | | 400 ft | | 2019 | | PEMEX | | June - 2020 | | December - 2021 | Mexico | | Operating |
| Gersemi | | PPL Pacific Class 400 | | 400 ft | | 2018 | | PEMEX | | August - 2019 | | December - 2021 | Mexico | | Operating |
| Grid | | PPL Pacific Class 400 | | 400 ft | | 2018 | | PEMEX | | August - 2019 | | December - 2021 | Mexico | | Operating |
| Odin | | KFELS Super B Bigfoot Class | 350 ft | | 2013 | | PEMEX | | March - 2020 | | August - 2021 | | Mexico | | Operating |
Prospector 5 1 | | F&G, JU2000E | | 400 ft | | 2014 | | Available | | April - 2020 | | October - 2020 | | United Kingdom | | Warm Stacked |
| | | | | | | | | CNOOC | | November - 2020 | May - 2022 | | United Kingdom | | Operating with option to extend |
| Natt | | PPL Pacific Class 400 | | 400 ft | | 2018 | | First E&P | | April - 2019 | | April - 2021 | | Nigeria | | Operating with option to extend |
| Skald | | KFELS Super B Bigfoot Class | 400 ft | | 2018 | | Mobilization | | February - 2021 | | May - 2021 | | Singapore | | Contract Preparations and Mobilization |
| | | | | | | | | PTTEP | | June - 2021 | | June - 2024 | | Thailand | | LOA |
| Gyme | | PPL Pacific Class 400 | | 400 ft | | 2018 | | Available | | | | | | Singapore | | Warm Stacked |
| Thor | | KFELS Super B Bigfoot Class | 400 ft | | 2019 | | Available | | | | | | Singapore | | Warm Stacked |
| Hermod | | KFELS B Class | | 400 ft | | 2019 | | Available | | | | | | Singapore | | Warm Stacked |
| Heimdal | | KFELS B Class | | 400 ft | | 2020 | | Available | | | | | | Singapore | | Warm Stacked |
| Hild | | KFELS Super B Class | | 400 ft | | 2020 | | Available | | | | | | Singapore | | Warm Stacked |
| Gerd | | PPL Pacific Class 400 | | 400 ft | | 2018 | | Available | | | | | | Cameroon | | Warm Stacked |
| Groa | | PPL Pacific Class 400 | | 400 ft | | 2018 | | Available | | | | | | Cameroon | | Warm Stacked |
Frigg 1 | | KFELS Super A | | 400 ft | | 2013 | | Available | | | | | | Cameroon | | Warm Stacked |
Ran 1 | | KFELS Super A | | 400 ft | | 2013 | | Available | | | | | | United Kingdom | | Warm Stacked |
| Jack-Ups Under Construction |
| | | | | | | | | | | | | | | | | |
| Tivar | | KFELS Super B Bigfoot Class | | 400 ft | | | | Under Construction | | | | | | KFELS shipyard, Singapore | | Rig Delivery in May - 2023 |
| Vale | | KFELS Super B Bigfoot Class | 400 ft | | | | Under Construction | | | | | | KFELS shipyard, Singapore | Rig Delivery in July - 2023 |
| Var | | KFELS Super B Bigfoot Class | 400 ft | | | | Under Construction | | | | | | KFELS shipyard, Singapore | Rig Delivery in September - 2023 |
| Huldra | | KFELS Bigfoot B Class | | 400 ft | | | | Under Construction | | | | | | KFELS shipyard, Singapore | Rig Delivery in October - 2023 |
| Heidrun | | KFELS Bigfoot B Class | | 400 ft | | | | Under Construction | | | | | | KFELS shipyard, Singapore | Rig Delivery in December - 2023 |
1 - HD/HE Capability.
2 - Asset under sales agreement subject to conditions
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.
| | | | | | | | | Operating / Committed | Available | | | | Cold Stack | | Under Construction |
| | | | | | | | | | | | | | | | | |
| Premium Jack-Ups | | | | | | 28 | | 14 | | 9 | | | | 0 | | 5 |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| Total Fleet | | | | | | 28 | | 14 | | 9 | | | | 0 | | 5 |
| Borr Drilling
Fleet Status Report - 26th February 2021 | |
| Rig Name | | Location | | 2020 | 2021 | 2022 | 2023 |
| | | | | Q1 | | Q2 | | Q3 | | Q4 | | Q1 | | Q2 | | Q3 | | Q4 | | Q1 | | Q2 | | Q3 | | Q4 | | Q1 | | Q2 | | Q3 | | Q4 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Premium Jack-Ups | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Mist | | Malaysia | | Vestigo | Warm Stacked | ROC Oil | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Prospector 1 1 | | North Sea | | Total | | | | Warm Stacked | One-Dyas | | | | LOI | | | | | | Option | | | | | | | | | | | | | | | | | | | | | |
| Norve | | Gabon | | BW Energy | Warm Stacked | | | | | | | BWE | | | Option | | | | | | | | | | | | | | | | | | | | | | | | | |
| Idun | | Malaysia | | Hoang Long | JVPC | | | Warm Stacked | Vestigo | | | | | | | | | Option | | | | | | | | | | | | | | | | | | | |
| Gunnlod | | Singapore / Malaysia | | Contract Prep & Mob | PTTEP | | | | | | | Option | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Saga | | Vietnam / Malaysia | | Mob | Eni | | | | Mob | PTTEP | | | JX Nippon | PTTEP | | | Option | | | | | | | | | | | | | | | | | | | | | | |
| Gersemi | | Mexico | | PEMEX | | | | | | | | | | | | LOI | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Grid | | Mexico | | PEMEX | | | | | | | | | | | | LOI | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Natt | | Nigeria | | First E&P | | | | | | | | | | | | | Option | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Galar | | Mexico | | Mob | | PEMEX | | | | | | | | | | | | | | | | | LOI | | | | | | | | | | | | | | | | | | | | | | | |
| Njord | | Mexico | | Mob | | | | PEMEX | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Odin | | Mexico | | Mob | PEMEX | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Prospector 5 1 | | United Kingdom | | Neptune | Warm Stacked | | CNOOC | | | | | | | | | | | | | | | | Option | | | | | | | | | | | | | | | |
| Gerd | | Cameroon | | Exxon | | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Groa | | Cameroon | | Exxon | | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ran 1 | | United Kingdom | | Spirit Energy | | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Frigg 1 | | Cameroon | | Shell | | | | | | | | | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Skald | | Singapore / Thailand | | | | | | Warm Stacked | | | | Contract Prep & Mob | PTTEP | | | | | | | | | | | | | | | | | | | | | | | | | |  |
| Gyme | | Singapore | | | | | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Thor | | Singapore | | | | | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Hermod | | Singapore | | | | | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Heimdal | | Singapore | | | | | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Hild | | Singapore | | | | | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Jack-Ups Under Construction | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Huldra | | KFELS shipyard, Singapore | Rig Delivery in October - 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Tivar | | KFELS shipyard, Singapore | Rig Delivery in May - 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Heidrun | | KFELS shipyard, Singapore | Rig Delivery in December - 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Vale | | KFELS shipyard, Singapore | Rig Delivery in July - 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Var | | KFELS shipyard, Singapore | Rig Delivery in September - 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | Firm | | | | | | | | | | Option | | | | | | | | Available | | | | | | | | | Under Construction
|
1 - HD/HE Capability.
2 - Asset under sales agreement subject to conditions.
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.
