Document:

Exhibit 10.12

    

     

      

    
      PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BECAUSE SUCH PORTIONS ARE BOTH NOT MATERIAL AND CONTAINS PERSONAL INFORMATION. THE
        OMISSIONS HAVE BEEN INDICATED BY ASTERISKS (“[***]”).

    

     

    

    COLLABORATION AGREEMENT

    

    

    This Agreement (the "Agreement") is made on March 26, 2017 between

    

    

    
      
        	(1)	
                BORR DRILLING LIMITED, a company incorporated in
                    Bermuda with company registration no. 51741 ("Borr"); and

              

      

    

    

    

    
      
        	(2)	
                SCHLUMBERGER OILFIELD HOLDINGS LIMITED, a limited company incorporated under the laws of the British Virgin Islands with company registration no. 57357 ("Schlumberger")

              

      

    

    

    

    (referred to as "Party" in the
        singular and the "Parties" in the plural).

    

    

    WHEREAS

    

    

    
      
        	A.	
                Borr is a public limited company whose shares are traded on the Norwegian OTC market and which provides offshore drilling services to the oil and gas
                    industry.

              

      

    

    

    

    
      
        	B.	
                Schlumberger's group is the world's leading supplier of technology, project management and information solutions to the oil and gas industry.

              

      

    

    

    

    
      
        	C.	
                Borr and Schlumberger are discussing a collaborative initiative which involves working together on a "joint service model" aimed at oil companies with a view
                    to providing world class upstream services through a strategic combination of the Parties' respective expertise, assets, technology and resources

              

      

    

    

    

    
      
        	1.	
                SERVICE OFFERING

              

      

    

    

    

    
      
        	1.1	
                The purpose of the collaboration would be to facilitate the provision by the Parties of a combined upstream service offering portfolio, to include those oil
                    field services to be agreed in the definitive agreement, and to provide a streamlined service which focuses on delivery to smaller and mid-sized oil companies.

              

      

    

    

    

    
      
        	1.2	
                The Parties intend to prioritise joint marketing of a fully integrated solution and anticipate that the resultant accelerated expansion of Borr's global
                    presence through collaboration with Schlumberger will be to the benefit of both Parties.

              

      

    

    

    

    
      
        	2.	
                PROJECT TEAM

              

      

    

    

    

    
      
        	2.1	
                The Parties' representatives for the purposes of progressing the collaboration efforts; identifying and defining the relevant market and potential customers;
                    negotiating and documenting the terms of a corporate structure and commercial service offering are:

              

      

    

    
      
        

    

    
      PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BECAUSE SUCH PORTIONS ARE BOTH NOT MATERIAL AND CONTAINS PERSONAL INFORMATION. THE
        OMISSIONS HAVE BEEN INDICATED BY ASTERISKS (“[***]”).

    

     

    
    For Borr:

    Name: [***]

    Title: [***]

    Email: [***]

    Telephone:

    

    

    For Schlumberger:

    Name: [***]

    Title: [***]

    Email: [***]

    Telephone: [***]

    

    

    (the "Project Team").

    

    

    
      
        	2.2	
                Meetings of the Project Team will take place on a regular basis (at least 4 per year) and jointly prepared and signed reports of each meeting shall be
                    provided to both Parties.

              

      

    

    

    

    
      
        	3.	
                FURTHER NEGOTIATIONS

              

      

    

    

    

    This Agreement shall not be considered concluded unless and until definitive agreements have been signed by the authorised
        officers of the Parties hereto and has been approved by the board of directors of the Parties hereto.

    

    

    
      
        	4.	
                GOVERNING LAW AND DISPUTE RESOLUTION

              

      

    

    

    

    
      
        	4.1	
                This Agreement is governed by and construed in accordance with the law of England & Wales without giving effect to any choice or conflict of law provision
                    or rule that would cause the application of the laws of any jurisdiction other than those of England & Wales.

              

      

    

    

    

    
      
        	4.2	
                Any dispute, controversy or claim arising out of or in connection with these Heads of Agreement or its subject matter or formation, whether in tort, contract,
                    under statute or otherwise, including any question regarding its existence, validity, interpretation, breach or termination, and including any non-contractual claim, shall be finally and exclusively resolved by arbitration in accordance
                    with the (English) Arbitration Act 1996 or any statutory modification or re-enactment thereof, with the seat and place of arbitration to be London.

              

      

    

    

    

    The Agreement is signed in 2 original counterparts, of which each of the Parties keep one counterpart.

     

      

    	
            For and on behalf of

          	 	
            For and on behalf of

          
	
            BORR DRILLING LIMITED

          	 	
            SCHLUMBERGER OILFIELD HOLDINGS LIMITED

          
	
            Signature: [***]          

          	 	
            Signature: [***]          

          
	
            Name in block letters: [***]

          	 	
            Name in block letters: [***]Exhibit 10.13

    

    
       

      

      PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BECAUSE SUCH PORTIONS ARE BOTH NOT MATERIAL AND CONTAINS
        PERSONAL INFORMATION. THE OMISSIONS HAVE BEEN INDICATED BY ASTERISKS (“[***]”).

       

      

    

    ENHANCED COLLABORATION AGREEMENT

    

    

    This Enhanced Collaboration Agreement (the “Agreement”) is made on this 6th day of October 2017 between

    

    

    
      
        	(1)	
                BORR DRILLING LIMITED, a company incorporated in
                    Bermuda with company registration no. 51741 (“Borr”); and

              

      

    

    

    

    
      
        	(2)	
                SCHLUMBERGER OILFIELD HOLDINGS LIMITED, a company
                    incorporated under the laws of the British Virgin Islands with company registration no. 57357 (“SLB”)

              

      

    

    

    

    (referred to as “Party”
        in the singular and the “Parties” in the plural).

    

    

    WHEREAS

    

    

    
      
        	A.	
                Borr is a public limited company whose shares are traded on the Oslo Stock Exchange which provides offshore drilling services to the oil and gas industry.

              

      

    

    

    

    
      
        	B.	
                SLB’s group is the world’s leading supplier of technology, project management and information solutions to the oil and gas industry.

              

      

    

    

    

    
      
        	C.	
                The Parties entered into a Collaboration Agreement dated 26 March 2017 in terms of which they agreed to discuss a collaborative initiative involving working
                    together on a “joint service model” aimed at oil companies with a view to providing world class upstream services through a strategic combination of the Parties’ respective expertise, assets, technology and resources.

              

      

    

    

    

    
      
        	D.	
                The Parties have agreed to enter into this Agreement to record the terms on which they have agreed to prioritise joint marketing of a fully integrated
                    solution for the Jack-Up Rig offshore market.

              

      

    

    

    

    
      
        	1.	
                SERVICE OFFERING

              

      

    

    

    

    
      
        	1.1	
                The purpose of the collaboration is to facilitate the provision by the Parties of a combined upstream service offerings, to include those services listed in
                    Schedule 1 (the “Services”), providing a streamlined, integrated offering to the respective clients of the Parties.

              

      

    

    

    

    
      
        	1.2	
                The respective key contributions of the Parties will be summarised by the Parties in a separate schedule as soon as possible following execution of this
                    Agreement, and when signed, such schedule shall be deemed to be incorporated herein as Schedule 2.

              

      

    

    

    

    
      
        	2.	
                PROJECT TEAM LEADERS

              

      

    

    

    

    
      
        	2.1	
                The Parties’ team leaders (who are responsible for leading and progressing the collaboration efforts; identifying and defining the relevant market and
                    potential customers; and negotiating then documenting the terms of a corporate structure and commercial service offering to deliver tangible results in accordance with the terms of this Agreement) are:

              

      

    

    

    

    For
            Borr:

    Name: [***]

    Title: [***]

    Email: [***]

    Telephone: [***]

    

    

    For SLB:

    Name: [***]

    Title: [***]

    Email: [***]

    Telephone: [***]

    

    

    (the “Project
          Team Leaders”).

    

    

    
      
        	2.2	
                The Project Team Leaders are the main contact point for each Party.

              

      

    

    

    

    
      
        

    

    
    
      
        
          PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BECAUSE SUCH PORTIONS ARE BOTH NOT MATERIAL AND CONTAINS PERSONAL INFORMATION. THE
            OMISSIONS HAVE BEEN INDICATED BY ASTERISKS (“[***]”).

           

          

        

        	2.3	
                Meetings of the Project Team Leaders will take place on a regular basis (at least once per month) at a mutually convenient venue to be agreed and jointly
                    prepared. Signed reports of each meeting shall be provided to both Parties.

              

      

    

    

    

    
      
        	2.4	
                The first meeting of the Project Team Leaders shall be held no later than 30 October 2017, thereafter the Project Team Leaders will annually define a
                    strategic plan complete with key milestones of the collaboration and present this for approval to their respective management team.

              

      

    

    

    

    
      
        	2.5	
                The Project Team Leaders shall agree a schedule for conducting quarterly business performance reviews with executive management of each Party. In addition,
                    each January an annual progress report will be produced that will record performance against predefined goals, identify opportunities for improvement and further development.

              

      

    

    

    

    
      
        	3.	
                PRINCIPLES OF COLLABORATION

              

      

    

    

    

    
      
        	3.1	
                Borr and SLB are committed to work together to implement the strategic plan and key milestones set out in Clause 2.4.

              

      

    

    

    

    
      
        	3.2	
                Each Party will use reasonable endeavors to ensure that the other Party is recognized as an acceptable vendor for third parties to whom Services will be
                    provided.

              

      

    

    

    

    
      
        	3.3	
                The Parties shall also develop an internal communication strategy to build awareness and secure internal support within each party’s employee and contractor
                    base of the Services. It is recognized that executive management support is critical and shall feature prominently in the means of internal communication delivery in order to encourage and facilitate early engagement.

              

      

    

    

    

    
      
        	3.4	
                Each Party shall take all necessary and reasonable efforts to ensure the satisfactory performance of the Project. In particular each Party undertakes:

              

      

    

    

    

    
      
        	3.4.1	
                promptly, with due care, knowledge and dedication to carry out the tasks allocated to it;

              

      

    

    

    

    
      
        	3.4.2	
                promptly to provide all information and documentation allocated to it;

              

      

    

    

    

    
      
        	3.4.3	
                promptly notify the other Parties of any and all events or circumstances that might affect the careful and uninterrupted performance of the Project;

              

      

    

    

    

    
      
        	3.4.4	
                to use reasonable endeavours to ensure the accuracy of any information and/or material(s) a Party supplies to the Project; and

              

      

    

    

    

    
      
        	3.4.5	
                to use reasonable endeavours to correct any error and/or mistake un information and/or material(s) of which a Party is notified.

              

      

    

    

    

    
      
        	3.5	
                Each Party agrees that the principles of their agreement to collaborate in respect of the Project include acting in good faith towards each other; operating
                    with an open agenda; and fulfilling their predefined roles to deliver specified tasks and deliverables agreed by the Project Team Leaders and approved by the boards of directors of the Parties.

              

      

    

    

    

    
      
        	4.	
                SHARING INFRASTRUCTURE AND TECHNOLOGY

              

      

    

    

    

    
      
        	4.1	
                Training

              

      

    

    

    

    
      
        	4.1.1	
                SLB will be Borr’s preferred provider of staff training where available within a geographic region.

              

      

    

    

    

    
      2

      
        

    

    
      
        
          PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BECAUSE SUCH PORTIONS ARE BOTH NOT MATERIAL AND CONTAINS PERSONAL INFORMATION. THE
            OMISSIONS HAVE BEEN INDICATED BY ASTERISKS (“[***]”).

           

          

        

        	4.1.2	
                The Parties will develop a ‘next generation’ curriculum for the training and development of Borr drilling personnel with a view to advance on the new set of
                    skills that will be required.

              

      

    

    

    

    
      
        	4.1.3	
                The Parties will agree on the multiskilling program for Borr crew as well as the methodology/business model to capitalize and create value for both Par-ties
                    in well decommissioning and integrated project opportunities.

              

      

    

    

    

    
      
        	4.2	
                Infrastructure

              

      

    

    

    

    
      
        	4.2.1	
                SLB will support Borr with the advantages of its developed cost structure and global footprint for resource sharing, including access to infrastructure,
                    offices, warehouses, yard space, transportation, accommodation and logistics with a view to achieving overall reduced costs and increase competitiveness, for the mutual benefit of both Parties.

              

      

    

    

    

    
      
        	4.3	
                Technology Development

              

      

    

    

    

    
      
        	4.3.1	
                The Parties will work together to identify opportunities for improving drilling performance and wellsite outcomes. This may involve joint technology projects
                    and field trials of new equipment, software and techniques.

              

      

    

    

    

    
      
        	5.	
                KEY SERVICES

              

      

    

    

    

    
      
        	5.1	
                Cement Units

              

      

    

    

    

    
      
        	5.1.1	
                It is the intention of the Parties to place SLB cement units onboard Borr rigs on a mutually agreeable free placement basis.

              

      

    

    

    

    
      
        	5.1.2	
                It is a requirement that rigs offered for all integrated projects where Services are offered on the basis of collaboration under this Agreement have an SLB
                    cement unit unless the customer for the relevant Services requests otherwise.

              

      

    

    

    

    
      
        	5.2	
                Solids Control Equipment:

              

      

    

    

    

    
      
        	5.2.1	
                SLB’s M-I-SWACO product line (“M-I SWACO”) will be the
                    preferred provider of solids control equipment and associated consumables for all Borr rigs to be used for the provision of Services.

              

      

    

    

    

    
      
        	5.3	
                Tubular Management:

              

      

    

    

    

    
      
        	5.3.1	
                SLB’s Bit & Drilling Tool product line (“BDT”) will
                    be the preferred provider of tubular management and associated consumables for all Barr rigs to be used for the provision of Services.

              

      

    

    

    

    
      
        	5.4	
                Manage Pressure Drilling

              

      

    

    

    

    
      
        	5.4.1	
                SWACO will provide support and services to Borr to facilitate conduct of MPD operations in the most efficient way possible to maximize differentiation from
                    competitors and provide a leading industry customer solution and increased performance.

              

      

    

    

    

    
      
        	5.5	
                Well Control and Drilling Systems

              

      

    

    

    

    
      
        	5.5.1	
                SLB will be Borr’s preferred provider of well control and drilling systems.

              

      

    

    

    

    
      
        	5.5.2	
                The Parties will work together to improve SLB’s product line and jointly collaborate on the development and trialing of new wellsite technologies.

              

      

    

    

    

    
      3

      
        

    

    
      
        
          PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BECAUSE SUCH PORTIONS ARE BOTH NOT MATERIAL AND CONTAINS PERSONAL INFORMATION. THE
            OMISSIONS HAVE BEEN INDICATED BY ASTERISKS (“[***]”).

           

          

        

        	5.5.3	
                The Parties will work on new commercial models for the deployment of SLB equipment and technologies across the Borr rig fleet.

              

      

    

    

    

    
      
        	5.6	
                Testing Services

              

      

    

    

    

    It is the intention of the Parties to prepare the Borr rigs for the installation of SLB Testing
        Services on a mutually agreeable basis.

    

    

    
      
        	6.	
                NON SOLICITATION

              

      

    

    

    

    Neither Party will either during the period of this Agreement or for a period of twelve months after
        it is terminated whether on its own account or in conjunction with or on behalf of any other person, firm or company, including but not limited to recruitment or employment agencies

    

    

    
      
        	6.1.1	
                solicit or entice away or attempt to solicit or entice away any person who shall at the time be an officer, manager or employee of the other Party who has at
                    any time after the date hereof and before termination of this Agreement been involved to a material extent in the course of his or her employment with such other Party in pursuing the objectives of this Agreement and who was at the time
                    of such involvement a senior manager and/or in possession of significant technical expertise and whether or not any such person would commit a breach of his contract of employment by reason of leaving the employment of such other Party.

              

      

    

    

    

    
      
        	7.	
                TENDER REPRESENTATION

              

      

    

    

    

    
      
        	7.1	
                SLB will facilitate Borr’s registration and/or participation in tender processes in various countries where SLB has a presence and is registered as a provider
                    of services. This may be achieved by but is not limited to:

              

      

    

    

    

    
      
        	7.1.1	
                forming a consortium comprising SLB’s registered entity in the country and Borr operating entity; or

              

      

    

    

    

    
      
        	7.1.2	
                using an SLB registered entity in the country to participate in a tender where Borr is acting as the Rig Provider (Technical Principal); or

              

      

    

    

    

    
      
        	7.1.3	
                where a Jack-Up Rig license is required, using an SLB registered entity in the country to apply for a license where Borr is acting as the Rig Provider
                    (Technical Principal).

              

      

    

    

    

    
      
        	8.	
                MARKETING & PROMOTION

              

      

    

    

    

    
      
        	8.1	
                In order to highlight the joint collaboration and differentiated solution offered by the Services, the Parties will develop:

              

      

    

    

    

    
      
        	8.1.1	
                Integrated solution marketing material to be used by both Parties as the template for presentations, tenders, proposals and other publications; and

              

      

    

    

    

    
      
        	8.1.2	
                shared publicity material for internal and external audiences highlighting examples of collaboration and promoting the relationship of the Parties (including
                    social media, printed publications, online platforms such as LinkedIn, investor relations events, conferences and industry forums),

              

      

    

    

    

    (“Marketing Materials”).

    

    

    
      
        	8.2	
                All Marketing Materials must be approved by the Parties before being distributed externally as per Bilateral Confidential Disclosure Agreement.

              

      

    

    

    

    
      
        	9.	
                RELATIONSHIP OF PARTIES

              

      

    

    

    

    
      
        	9.1	
                The Parties are independent contractors and nothing in this Agreement is intended to or shall operate to create a partnership between the Parties, or
                    authorise a Party to act as agent.

              

      

    

    

    

    
      
        	9.2	
                Any and all authorisations or delegations must be approved in writing by the Board of the relevant Party, in the absence of which, neither Party shall have
                    any authority to act in the name or on behalf of or otherwise to bind the other Party or any of their affiliates in any way (including, but not limited to, the making of any representation or warranty, the assumption of any obligation
                    or liability and the exercise of any right or power).

              

      

    

    

    

    
      4

      
        

    

    
      
        
          PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BECAUSE SUCH PORTIONS ARE BOTH NOT MATERIAL AND CONTAINS PERSONAL INFORMATION. THE
            OMISSIONS HAVE BEEN INDICATED BY ASTERISKS (“[***]”).

           

          

        

        	10.	
                REMUNERATION/SHARING OF COSTS

              

      

    

    

    

    
      
        	10.1	
                Each Party shall bear its own costs and expenses (including legal costs) in connection with this Agreement and the provision of its contribution to the
                    collaboration and the Services.

              

      

    

    

    

    
      
        	11.	
                TERM AND TERMINATION

              

      

    

    

    

    This Agreement shall continue in effect until it is terminated by written agreement of the parties or
        by at least 45 days written notice given by one party to the other party. Termination of this Agreement shall be without prejudice to any rights or liabilities accrued at the date of termination through separate agreements and without prejudice to
        the provisions of this clause 11 and clauses 6, 12 and 13, which shall survive termination. No damages can be claimed by the parties related to the consequences of this termination.

    

    

    
      
        	12.	
                INTELLECTUAL PROPERTY RIGHTS

              

      

    

    

    

    
      
        	12.1	
                Each Party remains the owner of its information, technology, knowledge and data of whatever nature patented or not and related to or used in connection with
                    the subject matter of this Agreement.

              

      

    

    

    

    
      
        	12.2	
                Nothing in this Agreement or during its implementation shall be construed as granting or transferring any ownership of whatever kind of any technology,
                    trademarks or tradenames, knowledge, information or data which may be provided by one Party to the other in connection herewith.

              

      

    

    

    

    
      
        	13.	
                CONFIDENTIALITY

              

      

    

    

    

    
      
        	13.1	
                The Parties acknowledge that they have been provided with a copy of, and agree to comply with the terms of, a Bilateral Confidential Disclosure Letter dated
                    24th of September 2017 by and between Schlumberger Middle East SA and Borr Drilling Management DMCC (“NDA”), which applies to the
                    Parties as “Affiliates” of the parties to the NDA.

              

      

    

    

    

    
      
        	13.2	
                Each Party (the “Recipient”) undertakes to treat any
                    and all Confidential Information (as defined in the NDA) relating to the other Party and/or the Services as strictly confidential and to use it for the purpose of this Agreement only.

              

      

    

    

    

    
      
        	13.3	
                Except as provided in this Clause 13 and the NDA, a Recipient may not divulge Confidential Information it to any third party for any purpose whatsoever,
                    whether during the course of or after the termination of this Agreement, and not to make use of such Confidential Information or any part thereof for any purpose (other than in the course of fulfilling its obligations under this
                    Agreement) without the other Party’s prior written consent.

              

      

    

    

    

    
      
        	13.4	
                The above undertakings shall not apply to:

              

      

    

    

    

    
      
        	

              	(i)	
                information which at the time of disclosure or subsequently is published or otherwise generally available to the public other than through any act or omission
                    on the part of the Recipient;

              

      

    

    

    

    
      
        	

              	(ii)	
                information which the Recipient can show by reasonable written record was in its possession at the time of disclosure and which was not acquired directly or
                    indirectly from the other Party;

              

      

    

    

    

    
      
        	

              	(iii)	
                information which pursuant to applicable law, a legally enforceable order or direction or regulations of an applicable securities exchange is required to be
                    disclosed, provided that (if permitted under the applicable law, order, direction or regulation) the disclosing Party shall give the other Party prompt written notice and sufficient opportunity to object, time permitting, to such
                    disclosure.

              

      

    

    

    

    
      5

      
        

    

    
      
        
          PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BECAUSE SUCH PORTIONS ARE BOTH NOT MATERIAL AND CONTAINS PERSONAL INFORMATION. THE
            OMISSIONS HAVE BEEN INDICATED BY ASTERISKS (“[***]”).

           

          

        

        	13.5	
                The Parties may disclose Confidential Information only to the Project Team Leaders and other employees or employees of its affiliates, consultants or agents,
                    who need to know in order to carry out the rights and obligations under this Agreement, provided that such persons are bound by obligations of confidentiality and non-use to the disclosing Party which are equal to the terms of this
                    Agreement. The disclosing Party shall ensure that such employees be fully aware of the obligations of this Clause 13 and shall be responsible for any breach of these provisions by employees.

              

      

    

    

    

    
      
        	13.6	
                All Confidential Information supplied to or acquired by any Party shall upon request be returned promptly to the other Party upon termination, for whatever
                    reason, of this Agreement.

              

      

    

    

    

    
      
        	14.	
                GOVERNING LAW AND DISPUTE RESOLUTION

              

      

    

    

    

    
      
        	14.1	
                This Agreement is governed by and construed in accordance with the law of England & Wales without giving effect to any choice or conflict of law provision
                    or rule that would cause the application of the laws of any jurisdiction other than those of England & Wales.

              

      

    

    

    

    
      
        	14.2	
                Any dispute, controversy or claim arising out of or in connection with this Agreement or its subject matter or formation, whether in tort, contract, under
                    statute or otherwise, including any question regarding its existence, validity, interpretation, breach or termination, and including any non-contractual claim, shall be finally and exclusively resolved by arbitration in accordance with
                    the (English) Arbitration Act 1996 or any statutory modification or re-enactment thereof, with the seat and place of arbitration to be London.

              

      

    

    

    

    The Agreement is signed in 2 original counterparts, of which each of the Parties keep one counterpart.

     

      

    	
            For and on behalf of

          	
            For and on behalf of

          
	
            BORR DRILLING LIMITED

          	
            SCHLUMBERGER OILFIELD HOLDINGS LIMITED

          
	 	 
	
            Signature: [***]                                                      

          	
            Signature: [***]                                                      

          
	
            Name in block letters:[***]

          	
            Name in block letters:[***]

          

    

    

    

    

    
      6

      
        

    

    
      PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BECAUSE SUCH PORTIONS ARE BOTH NOT MATERIAL AND CONTAINS PERSONAL INFORMATION. THE
        OMISSIONS HAVE BEEN INDICATED BY ASTERISKS (“[***]”).

       

      

    

    SCHEDULE 1

    

    

    SERVICES

    

    

    Optimisation of wellsite performance

    

    

    Joint vendor financing of integrated projects

    

    

    Joint development of wellsite technologies

    

    

    Placement of cementing units and associated equipment

    

    

    Utilisation of wired drillpipe

    

    

    Tubular management: inspection, repair and certification

    

    

    Wireline unit placement and associated services

    

    

    Mudlogging

    

    

    Solids control and treatment equipment

    

    

    Early kick off detection systems

    

    

    Managed pressure drilling equipment and services

    

    

    Blow out/well control equipment

    

    

    Tubular handling and drilling systems

    

    

    Interface with and/or control of all sensors required for real time connectivity to shore

    

    

    Any other integration with drilling systems with focus on performance optimisation

    

    

    Drilling bits and accessories/ tool rentals

    

    

    Satellite telecommunications

    

    

    
      
        

    

    
      PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BECAUSE SUCH PORTIONS ARE BOTH NOT MATERIAL AND CONTAINS PERSONAL INFORMATION. THE
        OMISSIONS HAVE BEEN INDICATED BY ASTERISKS (“[***]”).

       

      

    

    SCHEDULE 2

    

    

    CONTRIBUTIONS TO THE SERVICES

    [To be separately agreed and attached]

     

      

    	
            Borr

          	
            SLB

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