Forsinkede kurser. Sist oppdatert: lørdag 23. mars  

15/03-2019 08:12:24: (BDRILL) Borr Drilling Limited (BDRILL) - Contract Award for Two Premium Jack-up Rigs in Mexico

Borr Drilling Limited ("Borr" and the "Company") is pleased to announce that one
of its subsidiaries, in partnership with OPEX Perforadora S.A. de C.V., has
received an official award from Petroleos Mexicanos ("PEMEX") for the delivery
of offshore wells in Mexico

Under this award, Borr will deliver a total of 9 offshore development wells to
our customer under an integrated services model. The scope of services will
include the deployment of two of the Company's premium new build jack-ups, the
"Grid" and "Gersemi", both of PPL 400 design which are built to meet the
requirements of PEMEX, for period estimated to be around 18 months and expected
commencement in mid-2019. Further, under this project, Borr will leverage on its
strategic collaboration with our partner and main shareholder, Schlumberger, to
provide comprehensive oilfield services and deliver an end-to-end well solution
to our customer.

Hamilton, Bermuda

15 March 2019

Questions should be directed to:

Svend Anton Maier: Chief Executive Officer, Borr Drilling Management DMCC

+ 971 4 448 7501

Rune Magnus Lundetræ: Chief Financial Officer, Borr Drilling Management DMCC

+ 971 58 864 3915 / +47 90088411

Forward looking statements

This announcement includes forward looking statements. Forward looking
statements are, typically, statements that do not reflect historical facts and
may be identified by words such as "anticipate", "believe", "continue",
"estimate", "expect", "intends", "may", "should", "will" and similar expressions
and include expectations regarding industry trends including activity levels in
the jack-up rig industry, trends in oil prices, the suitability of our fleet in
the existing environment, utilization levels, delivery of newbuilds, and
contract backlog, expected business environment in 2019 including expected
offshore spending, expected contracting and operation of our rigs in 2019 and
expectation of contracting at favourable rates, expected funding needs,
execution of the indicative funding term sheet and entrance into the credit
facility and other non-historical statements. The forward-looking statements in
this announcement are based upon various assumptions, many of which are based,
in turn, upon further assumptions. Although Borr Drilling Limited believes that
these assumptions are reasonable, they are, by their nature, uncertain and
subject to significant known and unknown risks, contingencies and other factors
which are difficult or impossible to predict and which are beyond our control.
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. In addition to the important factors
and matters discussed elsewhere in this report, important factors that, in our
view could cause actual results to differ materially from those discussed in the
forward looking statements are included in our most recent annual report.

The information, opinions and forward-looking statements contained in this
announcement speak only as of the date hereof and are subject to change without
notice.

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. 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.

Please visit our website at: www.borrdrilling.com

Ekstern link: https://newsweb.oslobors.no/message/472108

Nyheten er levert av OBI.