Borr Drilling (NYSE:BORR) is an offshore drilling contractor specializing in the provision of high‐specification jack-up rigs. The company offers turnkey drilling services to exploration and production companies in the oil and gas sector, encompassing well planning, operational management, maintenance and project execution. Its fleet is designed to operate in harsh-environment environments and to meet demanding regulatory and safety standards, catering to both exploratory and development drilling campaigns.
Since its inception in 2016, Borr Drilling has pursued an aggressive growth strategy, expanding its fleet through a combination of newbuild contracts and acquisitions. Many of its rigs are equipped with enhanced leg and deck load capabilities, enabling operations at greater water depths and in more challenging sea states. The company also invests in ongoing upgrades and technology integration to optimize drilling performance, reduce downtime and enhance environmental compliance.
The company’s operations extend across major offshore basins, including the North Sea, the Middle East, West Africa and the Asia-Pacific region, with recent contract awards also in the Gulf of Mexico and the Mexican market. Borr Drilling works with a diverse customer base ranging from major integrated oil companies to independent exploration firms, tailoring contract structures to support both long-term field developments and short-term appraisal or workover assignments.
Headquartered in Bermuda with corporate offices in Oslo, Borr Drilling is led by a management team with decades of combined experience in offshore drilling and energy services. The board and executive leadership emphasize operational integrity, cost efficiency and a disciplined approach to capital deployment. With a focus on building long-standing client partnerships, the company aims to leverage its modern fleet and technical expertise to capture market opportunities as global drilling activity evolves.
AI Generated. May Contain Errors.
Free BORR Stock Alerts