Borr Drilling ^{Priced, NYSE: BORR}

We are an offshore shallow-water drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Our primary business is the ownership, contracting and operation of jack-up rigs for operations in shallow-water areas (i.e., in water depths up to approximately 400 feet), including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production customers. We own 27 rigs, including 26 jack-up rigs and one semi-submersible rig, with an additional eight jack-up rigs scheduled to be delivered by the end of 2020. During 2018, our top five customers by revenue were subsidiaries of NDC, TAQA, BW Energy, Spirit Energy and Total. During the first quarter of 2019, our top five customers by revenue were subsidiaries of NDC, TAQA, Perenco, Total and Tulip. A dayrate drilling contract generally extends over a period of time covering either the drilling of a single well or group of wells or covering a stated term. Our Total Contract Backlog was $450.9 million as of March 31, 2019 and $372.0 million as of December 31, 2018. We currently operate in significant oil-producing geographies throughout the world, including the North Sea, the Middle East, Mexico, West Africa and Southeast Asia.