Borr Drilling Limited – Activity update
Wednesday 24 March 2021
Borr Drilling Limited (the “Company”) (NYSE: BORR, OSE: BDRILL) is pleased to confirm the commencement of three previously announced contracts in Malaysia for the premium Jack Up drilling rigs Gunnlod and Saga with PTTEP and Mist with Roc Oil. The units started work during September in line with the original schedule. With the added complexity of COVID-19, the operational team, with support of partners in Asia, has diligently performed these activations to the highest standard.
Borr Drillig will also start operations of another two premium jack-ups, the Prospector 1 and the Prospector 5, in the North Sea in the fourth quarter of 2020. The Prospector 1 is the first rig in our fleet that has been fitted with a Selective Catalytic Reduction (“SCR”) System which is expected to reduce the emissions of nitrogen oxide, carbon oxide and hydrocarbon by 90-95%. In addition, the system is fitted with filters that is expected to reduce particle matter emission by over 85%. The introduction of this technology allows us to contribute to a lower emission society.
“The commencement of operations of three rigs in Asia and two more to follow in the North Sea is an outstanding achievement, considering the current challenging environment and is a reflection of the professionalism and dedication of our teams.” says Patrick Schorn, CEO of Borr Drilling, in a comment.