UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number 001-39007
Borr Drilling Limited
2nd Floor 9 Par-la-Ville Road
Hamilton HM11
Bermuda
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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BORR DRILLING LIMITED
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Date: February 12, 2024
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By:
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/s/ Mi Hong Yoon
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Name:
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Title:
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Director
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Exhibit 99.1
Borr Drilling Limited – Contracting Update
Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) is pleased to announce new contract commitments totaling 495 days and $82.2 million in contract
revenue for three of its premium jack-up rigs, excluding mobilization and demobilization compensation.
Firstly, BW Energy has extended the contract for the “Norve” by approximately two months through July 2024.
The “Mist” has secured a contract extension from a subsidiary of Valeura Energy in Thailand. The contract extension covers a firm term of 12 months starting in
direct continuation to the current contract and will maintain the rig contracted through August 2025.
The “Thor” has received a binding Letter of Award from an undisclosed customer for work in Southeast Asia. This award will cover a firm scope of two wells, with
an anticipated duration of 70 days, and is expected to commence in Q3 2024 in direct continuation of its current commitment.
Following these new contracts, the Company’s fleet contract coverage is 87% for 2024, including firm commitments and priced options.
Hamilton, Bermuda
12 February 2024
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”, “anticipate” and
similar expressions and include statements relating to LOAs, contract duration and value and expected start and end dates, 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 contracting, including our ability to convert LOAs into contracts,
the final terms and start dates of such contracts, actual performance under drilling contracts, the risk that backlog may not be realized, 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.