Exhibit 99.3
![]() | Borr Drilling Fleet Status Report - 31st May 2022 |
New Contracts / Extensions / Amendments | |
Gunnlod | |
• Contract: April 2022 to October 2022, Undisclosed, Southeast Asia | |
Saga | |
• Contract: September 2022 to October 2022, Hess, Malaysia | |
Saga | |
• Contract: Nov 2022 to October 2026, Brunei Shell Petroleum, Brunei | |
Arabia I | |
• Contract: October 2022 to October 2025, Saudi Aramco, Saudi Arabia | |
Arabia II | |
• Contract: October 2022 to October 2025, Saudi Aramco, Saudi Arabia | |
Mist | |
• Option exercised by PTTEP, Thailand | |
Norve | |
• 2 x wells option exercised by Vaalco, Gabon | |
Prospector 1 | |
• Option exercised by Neptune, UK | |
Letters of Award / Letters of Intent / Negotiations | |
None to report | |
Other Developments | |
Gunnlod | |
• Concluded operations with IPC , Malaysia and commenced follow on contract in April 2022 (Southeast Asia). | |
Idun | |
• Commenced operations with Petronas Carigali Sdn Bhd (PCSB), Malaysia in March 2022 | |
Groa | |
• Commenced operations with QatarEnergy, Qatar in April 2022 | |
Prospector 5 | |
• Commenced operations with Dana Petroleum, Netherlands in May 2022 | |
Prospector 1 | |
• Concluded operations with Kistos, Netherlands in February 2022 and commenced operations with Neptune, Netherlands in March 2022 | |
Ran | |
• Commenced operations with Petrofac, United Kingdom in March 2022 | |
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. |
![]() | Borr Drilling Fleet Status Report - 31st May 2022 |
Rig Name | Rig Design | Rig Water Depth (ft) | Year Built | Customer / Status | Contract Start | Contract End | Location | Comments | ||||||||
Contracted Rigs | ||||||||||||||||
Gunnlod | PPL Pacific Class 400 | 400 ft | 2018 | Undisclosed | April - 2022 | October - 2022 | Southeast Asia | Operating with option to extend | ||||||||
Idun | KFELS Super B Bigfoot Class | 350 ft | 2013 | Petronas Carigali | March - 2022 | May - 2023 | Malaysia | Operating with option to extend | ||||||||
Mist | KFELS Super B Bigfoot Class | 350 ft | 2013 | PTTEP | November - 2021 | October - 2022 | Thailand | Operating | ||||||||
Saga | KFELS Super B Bigfoot Class | 400 ft | 2018 | Hess | September - 2021 | September - 2022 | Malaysia | Operating | ||||||||
Hess | September - 2022 | October - 2022 | Malaysia | Committed | ||||||||||||
Brunei Shell Petroleum | November - 2022 | October - 2026 | Brunei | Committed with option to extend | ||||||||||||
Skald | KFELS Super B Bigfoot Class | 400 ft | 2018 | PTTEP | June - 2021 | June - 2024 | Thailand | Operating with option to extend | ||||||||
Thor | KFELS Super B Bigfoot Class | 400 ft | 2019 | January - 2022 | June - 2022 | Singapore | Contract Preparations | |||||||||
CPOC | July - 2022 | June - 2023 | Malaysia-Thailand Joint Development Area | LOA | ||||||||||||
Gerd | PPL Pacific Class 400 | 400 ft | 2018 | Addax | February - 2022 | March - 2023 | Cameroon | Operating with option to extend | ||||||||
Natt | PPL Pacific Class 400 | 400 ft | 2018 | ENI | January - 2022 | January - 2023 | Congo | Operating with option to extend | ||||||||
Norve | PPL Pacific Class 400 | 400 ft | 2011 | Vaalco | December - 2021 | August - 2022 | Gabon | Operating with option to extend | ||||||||
BW Energy | October - 2022 | May - 2023 | Gabon | Committed with option to extend | ||||||||||||
Groa | PPL Pacific Class 400 | 400 ft | 2018 | Qatar Energy | April - 2022 | April - 2024 | Qatar | Operating with option to extend | ||||||||
Arabia I | KFELS B Class | 400 ft | 2020 | April - 2022 | October - 2022 | Singapore | Contract Preparations | |||||||||
Saudi Aramco | October - 2022 | October - 2025 | Saudi Arabia | Committed with option to extend | ||||||||||||
Arabia II | KFELS B Class | 400 ft | 2019 | April - 2022 | October - 2022 | Singapore | Contract Preparations | |||||||||
Saudi Aramco | October - 2022 | October - 2025 | Saudi Arabia | Committed with option to extend | ||||||||||||
Prospector 1 1 | F&G, JU2000E | 400 ft | 2013 | Neptune | March - 2022 | January - 2023 | Netherlands / United Kingdom | Operating with option to extend | ||||||||
Prospector 5 1 | F&G, JU2000E | 400 ft | 2014 | Dana Petroleum | May - 2022 | June - 2022 | Netherlands | Operating | ||||||||
Ran 1 | KFELS Super A Class | 400 ft | 2013 | Petrofac | March - 2022 | July - 2022 | United Kingdom | Operating with option to extend | ||||||||
Wintershall | August - 2022 | January - 2023 | Mexico | Committed | ||||||||||||
Galar | PPL Pacific Class 400 | 400 ft | 2017 | PEMEX | April - 2020 | December - 2022 | Mexico | Operating | ||||||||
Gersemi | PPL Pacific Class 400 | 400 ft | 2018 | PEMEX | August - 2019 | December - 2022 | Mexico | Operating | ||||||||
Grid | PPL Pacific Class 400 | 400 ft | 2018 | PEMEX | August - 2019 | December - 2022 | Mexico | Operating | ||||||||
Njord | PPL Pacific Class 400 | 400 ft | 2019 | PEMEX | June - 2020 | December - 2022 | Mexico | Operating | ||||||||
Odin | KFELS Super B Bigfoot Class | 350 ft | 2013 | PEMEX | March - 2020 | December - 2022 | Mexico | Operating | ||||||||
Available Rigs | ||||||||||||||||
Frigg 1 | KFELS Super A Class | 400 ft | 2013 | Available | Cameroon | Warm Stacked | ||||||||||
Gyme | PPL Pacific Class 400 | 400 ft | 2018 | Available | Singapore | Warm Stacked | ||||||||||
Hild | KFELS Super B Class | 400 ft | 2020 | Available | Singapore | Warm Stacked | ||||||||||
Under Construction Rigs | ||||||||||||||||
Tivar | KFELS Super B Bigfoot Class | 400 ft | Under Construction | KFELS shipyard, Singapore | Rig Delivery in May - 2025 | |||||||||||
Vale | KFELS Super B Bigfoot Class | 400 ft | Under Construction | KFELS shipyard, Singapore | Rig Delivery in July - 2025 | |||||||||||
Var | KFELS Super B Bigfoot Class | 400 ft | Under Construction | KFELS shipyard, Singapore | Rig Delivery in September - 2025 | |||||||||||
Huldra | KFELS Bigfoot B Class | 400 ft | Under Construction | KFELS shipyard, Singapore | Rig Delivery in October - 2025 | |||||||||||
Heidrun | KFELS Bigfoot B Class | 350 ft | Under Construction | KFELS shipyard, Singapore | Rig Delivery in December - 2025 | |||||||||||
1 - HD/HE Capability. | ||||||||||||||||
Operating / Committed | Available | Cold Stacked | Under Construction | |||||||||||||
Total Fleet | 28 | 20 | 3 | 0 | 5 |
![]() | Borr Drilling Fleet Status Report - 31st May 2022 |
Rig Name | Location | 2022 | 2023 | 2024 | 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |||||||||||||||||||||||||||||||||||||||
Premium Jack-Ups | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thor | Singapore/Malaysia-Thailand JDA | Contract Prep | CPOC | Option | ||||||||||||||||||||||||||||||||||||||||||||||||||
Gunnlod | Southeast Asia | IPC | Undisclosed | Option | ||||||||||||||||||||||||||||||||||||||||||||||||||
Idun | Malaysia | Petronas Carigali | Option | |||||||||||||||||||||||||||||||||||||||||||||||||||
Mist | Thailand | PTTEP | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Saga | Malaysia/Brunei | Hess | Hess | Brunei Shell Petroleum | ![]() | |||||||||||||||||||||||||||||||||||||||||||||||||
Skald | Thailand | PTTEP | Option | ![]() | ||||||||||||||||||||||||||||||||||||||||||||||||||
Gerd | Cameroon | ADDAX | Option | |||||||||||||||||||||||||||||||||||||||||||||||||||
Natt | Congo | ENI | Option | |||||||||||||||||||||||||||||||||||||||||||||||||||
Norve | Gabon | Vaalco | BWE | Option | ||||||||||||||||||||||||||||||||||||||||||||||||||
Groa | Qatar | Warm Stacked | QatarEnergy | Option | ![]() | |||||||||||||||||||||||||||||||||||||||||||||||||
Arabia I | Singapore / Saudi Arabia | Contract Prep | Saudi Aramco | Option | ![]() | |||||||||||||||||||||||||||||||||||||||||||||||||
Arabia II | Singapore / Saudi Arabia | Contract Prep | Saudi Aramco | Option | ![]() | |||||||||||||||||||||||||||||||||||||||||||||||||
Prospector 1 1 | Netherlands / United Kingdom | Kistos | Neptune | Option | ||||||||||||||||||||||||||||||||||||||||||||||||||
Prospector 5 1 | Netherlands | Dana | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Ran 1 | United Kingdom / Mexico | Petrofac | Mob | Wintershall | ||||||||||||||||||||||||||||||||||||||||||||||||||
Galar | Mexico | PEMEX | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Gersemi | Mexico | PEMEX | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Grid | Mexico | PEMEX | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Njord | Mexico | PEMEX | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Odin | Mexico | PEMEX | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Frigg 1 | Cameroon | Warm Stacked | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Gyme | Singapore | Warm Stacked | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hild | Singapore | Warm Stacked | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Jack-Ups Under Construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tivar | KFELS shipyard, Singapore | Rig Delivery in May 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Vale | KFELS shipyard, Singapore | Rig Delivery in July 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Var | KFELS shipyard, Singapore | Rig Delivery in September 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Huldra | KFELS shipyard, Singapore | Rig Delivery in October 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Heidrun | KFELS shipyard, Singapore | Rig Delivery in December 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Firm | Option | Available | Under Construction | |||||||||||||||||||||||||||||||||||||||||||||||||||
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1 - HD/HE Capability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
![]() | Borr Drilling Fleet Status Report - 31st May 2022 |
Additional information regarding this 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. |