Borr Drilling Limited (NYSE and OSE: "BORR") is pleased to announce a new contract commitment for its premium jack-up rig "Norve" with a repeat customer in West Africa. This work is in direct continuation of the Marathon Oil contract and is estimated to commence in Q3 2025. The contract is for five wells firm, with an anticipated duration of 320 days, plus up to five optional wells at mutually agreed prices. This commitment adds an additional $58 million in contract revenue backlog, excluding options, mobilization and demobilization compensation.

About Borr Drilling

Borr Drilling Limited is a premier offshore shallow-water drilling contractor dedicated to providing exceptional drilling services to the global oil and gas industry. Our expertise lies in operating modern jack-up rigs, specifically designed to perform efficiently in water depths of up to approximately 400 feet.