Borr Drilling Limited has announced it has received a binding letter of intent (LoI) for the premium jack-up drilling rig Prospector 5 from an undisclosed operator in West Africa.
The 6-well firm program is expected to commence during Q4 2022 and has an estimated duration of 14 months plus options.
This LoI, which is expected to be converted into a contract shortly, has an estimated total contract value of USD 68.9 million (excluding options).
Borr Drilling Limited – Notice of Special General Meeting of Shareholders
On the other hand, Borr Drilling Limited (the “Company”) (NYSE and OSE: BORR) advises that the Company will hold a Special General Meeting on August 16, 2022.
The Board of Directors has fixed the close of business on July 11, 2022, as the record date for determination of the shareholders entitled to attend and vote at the Special General Meeting or any adjournment thereof.
A copy of the Notice of Special General Meeting and Form of Proxy (the “Notice”) and associated information can be found on the Company’s website at http://www.borrdrilling.com and attached to this press release.
The Notice and associated information will also be distributed to shareholders by normal distribution methods.
About: Borr Drilling Limited
Borr Drilling Limited is an international drilling contractor incorporated in Bermuda in 2016 and listed on the Oslo Stock Exchange from August 30, 2017, and New York Stock Exchange from July 31, 2019.
The Company owns and operates jack-up drilling rigs of modern and high specification designs and provides services focused on the shallow water segment to the offshore oil and gas industry worldwide.
