Firstly, BW Energy has extended the contract for the "Norve" by approximately two months through
The "Mist" has secured a contract extension from a subsidiary of Valeura Energy in
The "Thor" has received a binding Letter of Award from an undisclosed customer for work in
Following these new contracts, the Company's fleet contract coverage is 87% for 2024, including firm commitments and priced options.
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.
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SOURCE Borr Drilling Limited