HAMILTON, Jan. 16, 2025 - Borr Drilling Ltd. (NYSE: "BORR") has received a notice of temporary suspension of operation for its rigs "Galar", "Gersemi" and "Grid", operating in Mexico. The temporary suspension will be for a period of up to 31 March 2025. Based on discussions with our customer, it is expected that some or all of these three rigs may be resuming operation prior to this date.
Hamilton, Bermuda 15 January 2025
Forward looking statements
This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expected", "intends" and similar expressions and include statements relating to contract duration and suspension 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, 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.
CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208
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