Exhibit 99.3
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Borr Drilling Fleet Status Report - 23 May 2023 | ||||
New Contracts / Extensions / Amendments | ||||
Hild | ||||
• Contract: September 2023 to August 2025, Fieldwood Energy, Mexico | ||||
Gunnlod | ||||
• Contract (from LOA): June 2023 to December 2023, Undisclosed, South East Asia | ||||
Norve | ||||
• Option exercised: August 2023 to September 2023, BWE, Gabon | ||||
Thor | ||||
•Option exercised: October 2023 to January 2024, CPOC, Malaysia-Thailand JDA | ||||
Ran | ||||
• Contract (from LOA): October 2023 to April 2024, TotalEnergies, Mexico | ||||
• Contract: May 2024 to July 2024, Undisclosed, Americas | ||||
Letters of Award / Letters of Intent / Negotiations | ||||
None | ||||
Other Developments | ||||
Gunnlod | ||||
• Commenced operations with Petra Energy, Malaysia in April 2023 | ||||
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. | ||||
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Borr Drilling Fleet Status Report - 23 May 2023 | ||||||||||||||||
Rig Name | Rig Design | Rig Water Depth (ft) | Year Built | Customer / Status | Contract Start | Contract End | Location | Comments | ||||||||
Contracted Rigs | ||||||||||||||||
Arabia I | KFELS B Class | 400 ft | 2020 | Saudi Aramco | October - 2022 | October - 2025 | Saudi Arabia | Operating with option to extend | ||||||||
Arabia II | KFELS B Class | 400 ft | 2019 | Saudi Aramco | October - 2022 | October - 2025 | Saudi Arabia | Operating with option to extend | ||||||||
Arabia III 1 | KFELS Super A Class | 400 ft | 2013 | Saudi Aramco | December- 2022 | August - 2023 | Middle East | Contract Preparations | ||||||||
September - 2023 | September - 2028 | Saudi Arabia | Committed with option to extend | |||||||||||||
Galar | PPL Pacific Class 400 | 400 ft | 2017 | (Opex Perforadora) PEMEX | October - 2022 | December - 2025 | Mexico | Operating | ||||||||
Gerd | PPL Pacific Class 400 | 400 ft | 2018 | Addax | February - 2022 | January - 2024 | Cameroon | Operating | ||||||||
Gersemi | PPL Pacific Class 400 | 400 ft | 2018 | (Opex Perforadora) PEMEX | October - 2022 | December - 2025 | Mexico | Operating | ||||||||
Grid | PPL Pacific Class 400 | 400 ft | 2018 | (Opex Perforadora) PEMEX | October - 2022 | December - 2025 | Mexico | Operating | ||||||||
Groa | PPL Pacific Class 400 | 400 ft | 2018 | Qatar Energy | April - 2022 | April - 2024 | Qatar | Operating with option to extend | ||||||||
Gunnlod | PPL Pacific Class 400 | 400ft | 2018 | Petra Energy | April - 2023 | May - 2023 | Malaysia | Operating | ||||||||
Undisclosed | June - 2023 | December - 2023 | South East Asia | Committed | ||||||||||||
Hild | KFELS Super B Class | 400 ft | 2020 | Fieldwood Energy | April -2023 | August - 2023 | Singapore | Contract Preparations | ||||||||
September - 2023 | August - 2025 | Mexico | Committed | |||||||||||||
Idun | KFELS Super B Bigfoot Class | 350 ft | 2013 | Petronas Carigali | March - 2022 | November -2023 | Malaysia | Operating | ||||||||
Mist | KFELS Super B Bigfoot Class | 350 ft | 2013 | Valeura Energy | January - 2023 | November - 2023 | Thailand | Operating | ||||||||
Natt | PPL Pacific Class 400 | 400 ft | 2018 | ENI | January - 2022 | March -2024 | Congo | Operating with option to extend | ||||||||
Njord | PPL Pacific Class 400 | 400 ft | 2019 | (Opex Perforadora) PEMEX | October - 2022 | December - 2025 | Mexico | Operating | ||||||||
Norve | PPL Pacific Class 400 | 400 ft | 2011 | BW Energy | December - 2022 | September - 2023 | Gabon | Operating with option to extend | ||||||||
Odin | KFELS Super B Bigfoot Class | 350 ft | 2013 | (Opex Perforadora) PEMEX | October - 2022 | December - 2025 | Mexico | Operating | ||||||||
Prospector 1 1 | F&G, JU2000E | 400 ft | 2013 | Neptune | March - 2022 | August - 2023 | Netherlands / United Kingdom | Operating | ||||||||
Prospector 5 1 | F&G, JU2000E | 400 ft | 2014 | ENI | November - 2022 | February - 2024 | Congo | Operating with option to extend | ||||||||
Ran 1 | KFELS Super A Class | 400 ft | 2013 | Wintershall | October - 2022 | July - 2023 | Mexico | Operating | ||||||||
Fieldwood Energy | August - 2023 | September - 2023 | Mexico | Committed | ||||||||||||
TotalEnergies | October - 2023 | April - 2024 | Mexico | Committed | ||||||||||||
Undisclosed | May-2024 | July-2024 | Americas | Committed with option to extend | ||||||||||||
Saga | KFELS Super B Bigfoot Class | 400 ft | 2019 | Brunei Shell Petroleum | November - 2022 | November - 2026 | Brunei | Operating 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 | January -2024 | Malaysia-Thailand JDA | Operating | ||||||||
Available Rigs | ||||||||||||||||
None | ||||||||||||||||
Under Construction Rigs | ||||||||||||||||
Var | KFELS Super B Bigfoot Class | 400 ft | Under Construction | KFELS shipyard, Singapore | Delivery in September - 2025 | |||||||||||
Vale | KFELS Super B Bigfoot Class | 400 ft | Under Construction | KFELS shipyard, Singapore | Delivery in July - 2025 | |||||||||||
1 - HD/HE Capability. | ||||||||||||||||
Operating / Committed | Available | Cold Stacked | Under Construction | |||||||||||||
Total Fleet | 24 | 22 | 0 | 0 | 2 |
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Borr Drilling Fleet Status Report - 23 May 2023 | |||||||||||||||||||||||||||||||||||
Rig Name | Location | 2023 | 2024 | 2025 | 2026 | ||||||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 |
Premium Jack-Ups | |||||||||||||||||||||||||||||||||||||||||||||||||||
Asia | |||||||||||||||||||||||||||||||||||||||||||||||||||
Thor | Malaysia-Thailand JDA | CPOC | |||||||||||||||||||||||||||||||||||||||||||||||||
Gunnlod | Malaysia | PTTEP | Petra | Undisclosed | |||||||||||||||||||||||||||||||||||||||||||||||
Idun | Malaysia | Petronas Carigali | |||||||||||||||||||||||||||||||||||||||||||||||||
Mist | Thailand | Valeura Energy | |||||||||||||||||||||||||||||||||||||||||||||||||
Saga | Brunei | Brunei Shell Petroleum | ![]() | ||||||||||||||||||||||||||||||||||||||||||||||||
Skald | Thailand | PTTEP | Option | ||||||||||||||||||||||||||||||||||||||||||||||||
Middle East | |||||||||||||||||||||||||||||||||||||||||||||||||||
Arabia I | Saudi Arabia | Saudi Aramco | Option | ||||||||||||||||||||||||||||||||||||||||||||||||
Arabia II | Saudi Arabia | Saudi Aramco | Option | ||||||||||||||||||||||||||||||||||||||||||||||||
Arabia III 1 | Middle East/Saudi Arabia | Contract Prep | Saudi Aramco | ![]() | |||||||||||||||||||||||||||||||||||||||||||||||
Groa | Qatar | QatarEnergy | Option | ||||||||||||||||||||||||||||||||||||||||||||||||
Europe and Africa | |||||||||||||||||||||||||||||||||||||||||||||||||||
Prospector 1 1 | Netherlands/United Kingdom | Neptune | |||||||||||||||||||||||||||||||||||||||||||||||||
Gerd | Cameroon | ADDAX | |||||||||||||||||||||||||||||||||||||||||||||||||
Natt | Congo | ENI | Option | ||||||||||||||||||||||||||||||||||||||||||||||||
Norve | Gabon | BWE | Option | ||||||||||||||||||||||||||||||||||||||||||||||||
Prospector 5 1 | Congo | ENI | Option | ||||||||||||||||||||||||||||||||||||||||||||||||
Mexico | |||||||||||||||||||||||||||||||||||||||||||||||||||
Ran 1 | Mexico | Wintershall | FWE | TotalEnergies | Undisclosed | Option | |||||||||||||||||||||||||||||||||||||||||||||
Galar | Mexico | Opex (PEMEX) | |||||||||||||||||||||||||||||||||||||||||||||||||
Gersemi | Mexico | Opex (PEMEX) | |||||||||||||||||||||||||||||||||||||||||||||||||
Grid | Mexico | Opex (PEMEX) | |||||||||||||||||||||||||||||||||||||||||||||||||
Njord | Mexico | Opex (PEMEX) | |||||||||||||||||||||||||||||||||||||||||||||||||
Odin | Mexico | Opex (PEMEX) | |||||||||||||||||||||||||||||||||||||||||||||||||
Hild | Singapore/Mexico | Warm Stacked | Fieldwood Energy | ||||||||||||||||||||||||||||||||||||||||||||||||
Jack-Ups Under Construction | |||||||||||||||||||||||||||||||||||||||||||||||||||
Vale | KFELS shipyard, Singapore | Delivery in July 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||
Var | KFELS shipyard, Singapore | Delivery in September 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||
Firm | Option | Available | Under Construction | ||||||||||||||||||||||||||||||||||||||||||||||||
1-HD/HE Capability |
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Borr Drilling Fleet Status Report - 23 May 2023 | |||||
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. |