Exhibit 99.3
| Borr Drilling
Fleet Status Report - 08 August 2022 | |
| New Contracts / Extensions / Amendments |
| Idun |
| • Option exercised and contract further extended ("blended and extended"), Petronas, Malaysia |
| Letters of Award / Letters of Intent / Negotiations |
| Mist |
| • LOA: Jan 2023 to Nov 2023, Mubadala Petroleum, Thailand |
| Prospector 5 |
| • LOA: Q4 2022 to Q4 2023, Undisclosed, West Africa |
| Tivar, Huldra and Heidrun |
| • LOA relating to sale of the rigs, Undisclosed |
| Thor |
| • Commenced operations with CPOC, Malaysia in July 2022 |
| Prospector 5 |
| • Concluded operations with Dana Petroleum, Netherlands in July 2022 |
| Ran |
| • Concluded operations with Petrofac, United Kingdom in July 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 - 08 August 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 | | PTTEP | | April - 2022 | | November - 2022 | | Malaysia | | Operating |
| Idun | | KFELS Super B Bigfoot Class | | 350 ft | | 2013 | | Petronas Carigali | | March - 2022 | | September - 2023 | | Malaysia | | Operating |
| Mist | | KFELS Super B Bigfoot Class | | 350 ft | | 2013 | | PTTEP | | November - 2021 | | October - 2022 | | Thailand
| | Operating
|
| | November - 2022 | December - 2022 | Thailand | Contract Preparations |
| Mubadala | January - 2023 | November - 2023 | Thailand | LOA |
| Saga | | KFELS Super B Bigfoot Class | | 400 ft | | 2018 | | Hess
| | September - 2021 | | August - 2022 | | Malaysia | | Operating
|
| Hess | August - 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 | | CPOC | | July - 2022 | | July - 2023 | | Malaysia-Thailand JDA | | Operating with option to extend |
| 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 | | September - 2022 | | Gabon | | Operating with option to extend |
| BW Energy | October - 2022 | June - 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 | | March - 2023 | | Netherlands / United Kingdom | | Operating with option to extend |
Prospector 5 1 | | F&G, JU2000E | | 400 ft | | 2014 | | Available | | August - 2022 | | | | United Kingdom | | Contract Preparations |
| Undisclosed | Q4 2022 | Q4 2023 | West Africa | LOA |
Ran 1 | | KFELS Super A Class | | 400 ft | | 2013 | | Wintershall | | August - 2022 | | January - 2023 | | Mexico | | Committed |
| Galar | | PPL Pacific Class 400 | | 400 ft | | 2017 | | PEMEX | | April - 2020 | | December - 2022 | | Mexico | | Operating with option to extend |
| Gersemi | | PPL Pacific Class 400 | | 400 ft | | 2018 | | PEMEX | | August - 2019 | | December - 2022 | | Mexico | | Operating with option to extend |
| Grid | | PPL Pacific Class 400 | | 400 ft | | 2018 | | PEMEX | | August - 2019 | | December - 2022 | | Mexico | | Operating with option to extend |
| Njord | | PPL Pacific Class 400 | | 400 ft | | 2019 | | PEMEX | | June - 2020 | | December - 2022 | | Mexico | | Operating with option to extend |
| Odin | | KFELS Super B Bigfoot Class | | 350 ft | | 2013 | | PEMEX | | March - 2020 | | December - 2022 | | Mexico | | Operating with option to extend |
| | | | | | | | | | | | | | | | | |
| 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 | | Delivery in May - 2025 |
| Vale | | KFELS Super B Bigfoot Class | | 400 ft | | | | Under Construction | | | | | | KFELS shipyard, Singapore | | Delivery in July - 2025 |
| Var | | KFELS Super B Bigfoot Class | | 400 ft | | | | Under Construction | | | | | | KFELS shipyard, Singapore | | Delivery in September - 2025 |
| Huldra | | KFELS Bigfoot B Class | | 400 ft | | | | Under Construction | | | | | | KFELS shipyard, Singapore | | Delivery in October - 2025 |
| Heidrun | | KFELS Bigfoot B Class | | 350 ft | | | | Under Construction | | | | | | KFELS shipyard, Singapore | | Delivery in December - 2025 |
| | | | | | | | Operating / Committed | | Available | | Cold Stacked | | Under Construction | | |
| | | | | | | | | | | | | | | | | |
| Total Fleet | | 28 | | 20 | | 3 | | 0 | | 5 | | |
| Borr Drilling
Fleet Status Report - 08 August 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 | | Malaysia-Thailand JDA | | Contract Prep | | CPOC | Option | | | | | | | | | | | | | | | | | | | | | | | | | |
| Gunnlod | | Malaysia | | IPC | | PTTEP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Idun | | Malaysia | | | | Petronas Carigali | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Mist | | Thailand | | PTTEP | | | | | | Prep | | LOA (Mubadala) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 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 | | United Kingdom / West Africa | | | | | | Dana | | Contr. Prep | LOA (Undisclosed) | | Option | | | | | | | | | | | |
Ran 1 | | Mexico | | | | Petrofac | | Mob | Wintershall | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Galar | | Mexico | | PEMEX | | | Option | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Gersemi | | Mexico | | PEMEX | | | Option | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Grid | | Mexico | | PEMEX | | | Option | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Njord | | Mexico | | PEMEX | | | Option | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Odin | | Mexico | | PEMEX | | | Option | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Frigg 1 | | Cameroon | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Gyme | | Singapore | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Hild | | Singapore | | Warm Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Jack-Ups Under Construction |
| Tivar | | KFELS shipyard, Singapore | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Delivery in May 2025 | | | | | | | |
| Vale | | KFELS shipyard, Singapore | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Delivery in July 2025 | | | | | | |
| Var | | KFELS shipyard, Singapore | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Delivery in September 2025 | | | | |
| Huldra | | KFELS shipyard, Singapore | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Delivery in October 2025 | | | |
| Heidrun | | KFELS shipyard, Singapore | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Delivery in December 2025 | | |
| | | | Firm | | | | Option | | | | Available | | | | Under Construction |
1 - HD/HE Capability
| Borr Drilling
Fleet Status Report - 08 August 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.
