Borr Drilling Limited Announces Contract Terminations Due to Sanctions

Borr Drilling Limited (NYSE: BORR) has terminated two of its drilling contracts for the rigs Odin and Hild in Mexico. These contracts, which had firm commitments until November 2025 and March 2026 respectively, were terminated following the implementation of international sanctions affecting a counterparty. The company emphasizes its commitment to adhering to all relevant international laws and sanctions frameworks, as well as maintaining high standards of corporate governance and compliance.