Borr Drilling Limited - Temporary Suspension Notice
Borr Drilling (NYSE: BORR) has received a notice of temporary suspension of operation for its rig 'Arabia II' in Saudi Arabia. The suspension period will last up to 12 months. The customer has yet to confirm the exact commencement date of the suspension.
Borr Drilling (NYSE: BORR) ha ricevuto un avviso di sospensione temporanea delle operazioni per la sua piattaforma 'Arabia II' in Arabia Saudita. Il periodo di sospensione durerà fino a 12 mesi. Il cliente deve ancora confermare la data esatta di inizio della sospensione.
Borr Drilling (NYSE: BORR) ha recibido un aviso de suspensión temporal de operaciones para su plataforma 'Arabia II' en Arabia Saudita. El período de suspensión durará hasta 12 meses. El cliente aún debe confirmar la fecha exacta de inicio de la suspensión.
Borr Drilling (NYSE: BORR)는 사우디 아라비아에서 'Arabia II' 시추 장비의 일시적인 작업 중단 통지를 받았습니다. 중단 기간은 최대 12개월 지속될 예정입니다. 고객은 아직 중단의 정확한 시작 날짜를 확인하지 않았습니다.
Borr Drilling (NYSE: BORR) a reçu un avis de suspension temporaire des opérations pour sa plate-forme 'Arabia II' en Arabie Saoudite. La période de suspension durera jusqu'à 12 mois. Le client doit encore confirmer la date exacte de début de la suspension.
Borr Drilling (NYSE: BORR) hat eine Mitteilung über die vorübergehende Aussetzung der Betriebstätigkeit seiner Bohranlage 'Arabia II' in Saudi-Arabien erhalten. Die Aussetzungszeit wird bis zu 12 Monate betragen. Der Kunde muss das genaue Datum des Beginns der Aussetzung noch bestätigen.
- None.
- Rig Arabia II operations suspended for up to 12 months in Saudi Arabia
- Potential revenue loss during suspension period
- Uncertainty regarding suspension start date
Insights
The temporary suspension of Borr Drilling's Arabia II rig operations in Saudi Arabia signals notable revenue impact for up to 12 months. Based on typical day rates for similar rigs in the region ranging from
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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SOURCE Borr Drilling Limited
FAQ
Why is Borr Drilling's Arabia II rig being suspended in Saudi Arabia?
How long will Borr Drilling's Arabia II rig suspension last?
When will Borr Drilling's Arabia II rig suspension begin?
What is the impact of Arabia II rig suspension on Borr Drilling (BORR) operations?
