Borr Drilling issued their latest fleet status update and here are the highlights:
New Contracts / Extensions / Amendments
Ran
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New Contract; June 2020 to Sep 2020, Centrica Storage, UK.
Gerd
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Notice of Early Termination effective May 2020; 180 days’ notice is applicable pursuant to Contract provisions.
Groa
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Notice of Early Termination effective May 2020; 180 days’ notice is applicable pursuant to Contract provisions.
MSS1
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Early Termination effective March 2020; Early Termination Fee is applicable pursuant to Contract provisions.
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In line with Borr's long term strategy to focus on the operations of its core assets, the unit has been sold in May 2020 for recycling.
Norve
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Finished operations in early April 2020, around three months before previously estimated.
Prospector 5
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Perenco elected not to proceed with the previously announced contract for the Rig.
B391
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In line with Borr's long term strategy to focus on the operations of its core assets, the unit has been sold in March 2020 for recycling.
Dhabi II
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Sold effective from April 1, 2020; Borr will continue to operate the rig under a services agreement which will ensure continuity of the unit for its Customer.
B152
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Sold effective from April 1, 2020; Borr will continue to operate the rig under a services agreement which will ensure continuity of the unit for its Customer.
Mist
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Received notice of Early Termination from Roc Oil effective May 2020; Early Termination Fee is applicable pursuant to Contract provisions.
Letters of Intent / Negotiations
Saga
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LOA: Aug 2020 to Aug 2021, PTTEP, Malaysia.
Gunnlod
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LOA: Aug 2020 to Feb 2021, PTTEP, Malaysia.
Source: Borr Drilling
