Borr Drilling Limited 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.
