Borr Drilling Limited Operational and Contracting Updates

Borr Drilling Limited (NYSE and OSE: BORR) announced on September 15, 2026, that the Odin rig has commenced its contract in the Americas, earning dayrate revenues. In Southeast Asia, the Idun has secured a three-well contract in Vietnam, scheduled for Q4 2026. In Europe, ENI exercised a nine-month option on the Bestla, extending its contract to September 2027, with another option available. Borr Drilling is expected to assume operational management of the Bestla in Q4 2026. The company, incorporated in 2016, operates jack-up rigs for the shallow-water segment of the offshore oil and gas industry.