BORR DRILLING RECEIVES LETTER OF COMMITMENT FOR EMPLOYMENT IN NIGERIA (BORR)

HAMILTON, BERMUDA, JULY 11, 2017 – BORR DRILLING LIMITED (“BORR”), IN CONJUNCTION WITH THE NIGERIAN PARTNER COMPANY VALIANT ENERGY SERVICES WEST AFRICA LIMITED (“VALIANT”), HAS RECEIVED A LETTER OF COMMITMENT FROM TOTAL E&P NIGERIA LIMITED, FOR EMPLOYMENT OF ITS PREMIUM JACK-UP, FRIGG. THE PROJECT WILL BE EXECUTED WITH NIGERIAN PARTNER.

THE COMMITMENT IS FOR A FIRM ONE (1) YEAR PERIOD WITH POSSIBLE EXTENSION, COMMENCING IN THE THIRD QUARTER OF 2017.

THE FRIGG IS A KFELS SUPER A CLASS HIGH-SPECIFICATION JACK-UP, WHICH ENTERED INTO SERVICE IN 2013. THE UNIT, CAPABLE OF OPERATING IN WATER DEPTHS UP TO 400FT AND DRILLING TO DEPTHS OF 35,000FT, IS ONE OF TWO PREMIUM JACK-UPS ACQUIRED BY BORR IN JANUARY THIS YEAR.

RUNE MAGNUS LUNDETRÆ, BORR CEO COMMENTED, “WE ARE PROUD TO HAVE SECURED OUR FIRST COMMITMENT WITH A SUPERMAJOR. WE HAVE DURING OUR FIRST 180 DAYS OF OPERATION RECRUITED A HIGHLY COMPETENT ORGANISATION, BUILT A SOLID MANAGEMENT SYSTEM AND WORLD CLASS OPERATIONAL SYSTEMS AND PROCEDURES. WE ARE PLEASED THAT THESE EFFORTS ARE NOW RECOGNISED BY TOTAL E&P NIGERIA AND WE ARE LOOKING FORWARD TO ESTABLISHING OUR PRESENCE AS THE LEADING OPERATOR OF HIGH SPECIFICATION JACK UPS IN THE YEARS TO COME.

http://www.vpff.no/NOTC/NOTC-nyheter