HAMILTON, Bermuda, June 23,
2023 /PRNewswire/ -- Borr Drilling Limited (NYSE:
BORR) (OSE: BORR) is pleased to announce it has secured a
contract extension for its premium jack-up drilling rig 'Mist' from
Valeura Energy in Thailand. The
contract extension covers a firm term of 9 months starting in
direct continuation to the current contract and will maintain the
rig contracted through August 2024.
The estimated total contract value of this extension is
$41 million, excluding unpriced
options.
Forward looking statements
This press release includes
forward looking statements, which do not reflect historical facts
and may be identified by words such as "will", "estimate" and
similar expressions and include statements relating to rig
contracting including the duration and value of such contracts and
backlog, and other non-historical statements. Such forward looking
statements are subject to risks, uncertainties, contingencies and
other factors could cause actual events to differ materially from
the expectations expressed or implied by the forward-looking
statements included herein, including risks related to actual
performance under drilling contracts, the risk that backlog may not
be realized, the number of rigs that will be in operation and rates
that are achieved, and other risks and uncertainties described in
the section entitled "Risk Factors" in our most recent annual
report on Form 20-F and other filings with the Securities and
Exchange Commission. Such risks, uncertainties, contingencies and
other factors could cause actual events to differ materially from
the expectations expressed or implied by the forward -looking
statements included herein. These forward-looking statements are
made only as of the date of this release. We do not undertake to
update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise.
Questions should be directed to: Magnus
Vaaler, CFO, +44 1224 289208
View original
content:https://www.prnewswire.com/news-releases/borr-drilling-limited--announcement-of-contract-extension-301860789.html
SOURCE Borr Drilling Limited