Borr Drilling Limited (NYSE:BORR) Q3 2022 Earnings Call Transcript

Operator: Yes. There’s one more. Perhaps you’re earlier guiding to have the entire delivered fleet contracted by year-end 2022. Is this still the target and achievable?

Patrick Schorn: Yes, I will continue to keep it as the target for myself and the team. Obviously, there is a large variety of tenders that we have our two remaining rigs on offer. But it is also a time where we want to make very sure that we don’t take a day rate that is not in line where we see the market or not in line with the investments that we have made on the units. So it is going to be a balance between making sure that we get the appropriate day rate for the units. But clearly, the opportunities are still there, and we’ll continue to pursue them until the end of this year, and if necessary, beyond that. I think that if I look at the demand that is there in the markets today, we can still place these units. Any other questions online?

Operator: No.

Patrick Schorn: All right. Then I would like to thank all participants for participating in this call. I’d like to thank the Borr team for fantastic work that’s been done in the field for our customers and preparing all the equipment. And we look forward to talking to you again at the end of the next quarter. Thank you very much.