Borr Drilling Limited is pleased to announce it has secured a contract for the premium jack-up drilling rig “Norve” with BW Energy for work in Gabon. The contract is expected to commence in the second half of 2022 after the completion of the rigs current contract. The work will cover 4 firm wells with an anticipated duration of 240 days plus options.

Additionally, the Company has secured a binding Letter of Award (“LOA”) for the premium jack-up drilling rig “Thor” from an undisclosed operator in Southeast Asia. The program is expected to commence in June 2022 for a duration of one year plus options.

About Borr Drilling Limited

Borr Drilling Limited (NYSE: BORR, OSE: BDRILL) is an international drilling contractor incorporated in Bermuda in 2016 and listed on the Oslo Stock Exchange from August 30, 2017. The Company owns and operates jack-up rigs of modern and high specification designs and provides services focused on the shallow water segment to the offshore oil and gas industry worldwide.

About BW Energy

BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The main assets are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95% interest in the Maromba field in Brazil, both operated by the Company. Total net 2P+2C reserves were 243 million barrels at the start of 2021.