{"success":true,"data":{"pressRelease":{"id":"157258","rtpr_id":"nWkr8fSTKW-20260930","ticker":"BORR","exchange":"NYSE","all_tickers":["BORR"],"title":"Borr Drilling Limited - Contracting Updates","author":"Cision","published_at":"2026-09-30T20:05:03.854Z","article_body":"Borr Drilling Limited\nHamilton, Bermuda, September 30, 2026 - Borr Drilling Limited (NYSE and OSE:\nBORR) (\"Borr Drilling\" or the \"Company\") is pleased to announce new\ncommitments for three of its premium jack-up rigs.\n\nIn West Africa, the Norve has received a binding letter of award from an\nundisclosed operator. The commitment is expected to commence in mid-December\n2026 and includes a firm scope of three wells with an estimated duration of\n245 days, keeping the rig committed into August 2027. The commitment also\nincludes priced options with an estimated duration of 175 days.\n\nShell Nigeria Exploration and Production Company has exercised the one-well\noption on the Natt in Nigeria. Based on the current well program, it is\nanticipated that the rig will remain contracted with the customer into early\nAugust 2027.\n\nIn Europe, the Joro has been awarded a contract with an undisclosed operator\nfor accommodation activities in the UK. The contract is expected to commence\nin mid-October 2026 and has an estimated firm duration of 60 days, keeping the\nrig committed into December 2026. The contract also includes priced options\nwith an estimated duration of 56 days.\n\nAbout Borr Drilling Limited\nBorr Drilling Limited is an international drilling contractor incorporated in\nBermuda in 2016 and listed on the New York Stock Exchange since July 31, 2019\nand on Euronext Oslo Børs since May 21, 2026 under the ticker \"BORR.\" The\nCompany owns and operates jack-up rigs of modern and high specification\ndesigns and provides services focused on the shallow-water segment to the\noffshore oil and gas industry worldwide. Please visit our website at\nwww.borrdrilling.com.\n\nForward-Looking Statements\nThis press release and related discussions include forward-looking statements\nmade under the \"safe harbor\" provisions of the U.S. Private Securities\nLitigation Reform Act of 1995. Forward-looking statements do not reflect\nhistorical facts and may be identified by words such as \"anticipate\",\n\"believe\", \"continue\", \"estimate\", \"expect\", \"intends\", \"may\", \"should\",\n\"will\", \"likely\", \"aim\", \"plan\", \"guidance\" and similar expressions and\ninclude statements regarding expectations about new contracts and commitments,\nthe commencement, timing and duration of contracts, the exercise of options,\ncontract coverage, backlog, and other non-historical statements. Such\nforward-looking statements are subject to risks, uncertainties, contingencies\nand other factors that could cause actual events to differ materially from the\nexpectations expressed or implied by the forward-looking statements included\nherein, including risks relating to the commencement and duration of\ncontracts, including our ability to commence contracts consistent with the\ntimeframes described herein, risks related to contracting, including our\nability to convert letters of intent, letters of award and other commitments\ninto contracts, the risk that we may not enter into contracts or that\ncontracts are not performed as expected, the risk of contract suspension or\ntermination, the risk that options will not be exercised, the risk that\nbacklog will not materialize as expected,  risks relating to the operations\nof our rigs, risks relating to geopolitical events including their impact on\nour business and industry, risks relating to market trends, and other risks\nand uncertainties, including those described in our annual report on Form 20-F\nfor the year ended December 31, 2025 and our other filings with and\nsubmissions to the Securities and Exchange Commission. Such risks,\nuncertainties, contingencies and other factors could cause actual events to\ndiffer materially from the expectations expressed or implied by the\nforward-looking statements included herein. These forward-looking statements\nare made only as of the date of this release. We do not undertake to update or\nrevise the forward-looking statements, whether as a result of new information,\nfuture events or otherwise.\n\nContact\nBenjamin Wiseman\nSenior Manager, Corporate Finance & Investor Relations\n+44 122 4289 230\nir@borrdrilling.com\n\nhttps://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---contracting-updates%2Cc4403126\n\n\n\n(c) Cision 2026","article_body_html":"","raw_payload":{"data":{"id":"nWkr8fSTKW-20260930","title":"Borr Drilling Limited - Contracting Updates","author":"Cision","ticker":"BORR","created":"2026-09-30T20:05:03.854Z","tickers":["BORR"],"exchange":"NYSE","article_body":"Borr Drilling Limited\nHamilton, Bermuda, September 30, 2026 - Borr Drilling Limited (NYSE and OSE:\nBORR) (\"Borr Drilling\" or the \"Company\") is pleased to announce new\ncommitments for three of its premium jack-up rigs.\n\nIn West Africa, the Norve has received a binding letter of award from an\nundisclosed operator. The commitment is expected to commence in mid-December\n2026 and includes a firm scope of three wells with an estimated duration of\n245 days, keeping the rig committed into August 2027. The commitment also\nincludes priced options with an estimated duration of 175 days.\n\nShell Nigeria Exploration and Production Company has exercised the one-well\noption on the Natt in Nigeria. Based on the current well program, it is\nanticipated that the rig will remain contracted with the customer into early\nAugust 2027.\n\nIn Europe, the Joro has been awarded a contract with an undisclosed operator\nfor accommodation activities in the UK. The contract is expected to commence\nin mid-October 2026 and has an estimated firm duration of 60 days, keeping the\nrig committed into December 2026. The contract also includes priced options\nwith an estimated duration of 56 days.\n\nAbout Borr Drilling Limited\nBorr Drilling Limited is an international drilling contractor incorporated in\nBermuda in 2016 and listed on the New York Stock Exchange since July 31, 2019\nand on Euronext Oslo Børs since May 21, 2026 under the ticker \"BORR.\" The\nCompany owns and operates jack-up rigs of modern and high specification\ndesigns and provides services focused on the shallow-water segment to the\noffshore oil and gas industry worldwide. Please visit our website at\nwww.borrdrilling.com.\n\nForward-Looking Statements\nThis press release and related discussions include forward-looking statements\nmade under the \"safe harbor\" provisions of the U.S. Private Securities\nLitigation Reform Act of 1995. Forward-looking statements do not reflect\nhistorical facts and may be identified by words such as \"anticipate\",\n\"believe\", \"continue\", \"estimate\", \"expect\", \"intends\", \"may\", \"should\",\n\"will\", \"likely\", \"aim\", \"plan\", \"guidance\" and similar expressions and\ninclude statements regarding expectations about new contracts and commitments,\nthe commencement, timing and duration of contracts, the exercise of options,\ncontract coverage, backlog, and other non-historical statements. Such\nforward-looking statements are subject to risks, uncertainties, contingencies\nand other factors that could cause actual events to differ materially from the\nexpectations expressed or implied by the forward-looking statements included\nherein, including risks relating to the commencement and duration of\ncontracts, including our ability to commence contracts consistent with the\ntimeframes described herein, risks related to contracting, including our\nability to convert letters of intent, letters of award and other commitments\ninto contracts, the risk that we may not enter into contracts or that\ncontracts are not performed as expected, the risk of contract suspension or\ntermination, the risk that options will not be exercised, the risk that\nbacklog will not materialize as expected,  risks relating to the operations\nof our rigs, risks relating to geopolitical events including their impact on\nour business and industry, risks relating to market trends, and other risks\nand uncertainties, including those described in our annual report on Form 20-F\nfor the year ended December 31, 2025 and our other filings with and\nsubmissions to the Securities and Exchange Commission. Such risks,\nuncertainties, contingencies and other factors could cause actual events to\ndiffer materially from the expectations expressed or implied by the\nforward-looking statements included herein. These forward-looking statements\nare made only as of the date of this release. We do not undertake to update or\nrevise the forward-looking statements, whether as a result of new information,\nfuture events or otherwise.\n\nContact\nBenjamin Wiseman\nSenior Manager, Corporate Finance & Investor Relations\n+44 122 4289 230\nir@borrdrilling.com\n\nhttps://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---contracting-updates%2Cc4403126\n\n\n\n(c) Cision 2026"},"type":"article","timestamp":"2026-09-30T20:05:03.946100376Z","server_sent_at_ms":1790798703946},"received_at":"2026-09-30T20:05:03.996Z","source_url":"https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---contracting-updates%2Cc4403126"},"analysis":{"id":"145922","press_release_id":"157258","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":["two of three awards are from undisclosed operators","Norve award is a letter of award, not a definitive contract"],"eventType":"operations_update","narrative":"Borr Drilling announced new commitments for three premium jack-up rigs across West Africa, Nigeria, and the UK.\n\nThe Norve won a binding letter of award for a firm 245-day, three-well scope starting mid-December 2026 with 175 days of priced options, while Shell Nigeria exercised a one-well option on the Natt into early August 2027.\n\nThe Joro begins a ~60-day UK accommodation contract in mid-October 2026 with 56 days of priced options, extending contracted coverage and backlog.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Incremental backlog additions across three rigs signal steady jack-up demand but no dayrates disclosed."},"keyFigures":{"customDimensions":{"joro_firm_days":60,"rigs_committed":3,"norve_firm_days":245,"joro_option_days":56,"natt_option_wells":1,"norve_option_days":175}},"namedEntities":{"people":[{"name":"Benjamin Wiseman","role":"Senior Manager, Corporate Finance & Investor Relations"}],"products":["Norve","Natt","Joro"],"companies":[{"name":"Borr Drilling Limited","ticker":"BORR","relationship":"filer"},{"name":"Shell Nigeria Exploration and Production Company","relationship":"customer"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Three new contract commitments/options for jack-up rigs improve utilization and backlog, but dollar values and dayrates are undisclosed and durations are modest. Positive but routine contracting news for a drilling contractor."},"tickerRelevance":{"others":[],"primary":"BORR"},"globalImportance":20,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small/mid-cap","eventGravity":"routine contract wins","customerDisclosure":"partially undisclosed counterparties"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Borr Drilling announced new commitments for three premium jack-up rigs across West Africa, Nigeria, and the UK.\n\nThe Norve won a binding letter of award for a firm 245-day, three-well scope starting mid-December 2026 with 175 days of priced options, while Shell Nigeria exercised a one-well option on the Natt into early August 2027.\n\nThe Joro begins a ~60-day UK accommodation contract in mid-October 2026 with 56 days of priced options, extending contracted coverage and backlog.","key_figures":{"customDimensions":{"joro_firm_days":60,"rigs_committed":3,"norve_firm_days":245,"joro_option_days":56,"natt_option_wells":1,"norve_option_days":175}},"named_entities":{"people":[{"name":"Benjamin Wiseman","role":"Senior Manager, Corporate Finance & Investor Relations"}],"products":["Norve","Natt","Joro"],"companies":[{"name":"Borr Drilling Limited","ticker":"BORR","relationship":"filer"},{"name":"Shell Nigeria Exploration and Production Company","relationship":"customer"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T20:05:11.098Z","global_importance":20,"audience_relevance":15,"importance_components":{"tickerTier":"small/mid-cap","eventGravity":"routine contract wins","customerDisclosure":"partially undisclosed counterparties"}},"durationMs":4473,"modelName":"glm-5.3-flashx"}}