Borr Drilling Provides Operational Update on Arabian Gulf Operations

09 Mar 2026 08:14 CET

Hamilton, Bermuda, March 9, 2026 - Borr Drilling Limited (NYSE and Euronext
Growth Oslo: BORR) ("Borr Drilling" or the "Company") today provided an
operational update following recent hostilities in the Arabian Gulf, where the
Company has four jack-up rigs deployed: one in Saudi Arabia; one in the UAE; and
two in Qatar.

In accordance with the customers' general precautionary measures, the three rigs
deployed in Qatar and the UAE have been down manned as of last week.

On March 7, 2026, the Arabia III was impacted by an incident that occurred on a
customer-operated platform. The rig was subsequently safely shut down, and all
personnel were successfully evacuated.

All Borr Drilling's employees and crew in the region are accounted for and safe.

CEO, Bruno Morand, commented: "First and foremost, ensuring the safety and
wellbeing of our personnel is our highest priority. All employees in the region
are safe and accounted for, and operations across the region will remain on
standby until conditions allow for a safe resumption of activity."

The Company continues to closely monitor developments and remains in active
communication with its customers and relevant stakeholders in the region. These
four rigs remain under contract and are insured.

The Company will provide additional updates in the event of any material
developments in the situation.

About Borr Drilling
Borr Drilling Limited is an international drilling contractor incorporated in
Bermuda in 2016 and listed on the New York Stock Exchange since July 31, 2019
and on Euronext Growth Oslo since December 19, 2025 under the ticker "BORR". The
Company owns and operates jack-up rigs of modern and high specification designs
and provides services focused on the shallow-water segment to the offshore oil
and gas industry worldwide. Please visit our website at www.borrdrilling.com.

Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208

More information:
Access the news on Oslo Bors NewsWeb site