Borr Drilling Ltd. (BORR) is a leading global drilling contractor that owns and operates premium jack-up rigs. The company was founded in 2016 and is incorporated in Bermuda with main operations centers in Dubai, United Arab Emirates, and offices in Oslo, Norway, Singapore, Mexico City, and Houston, USA. Borr Drilling primarily caters to the offshore drilling market, providing critical services to oil and gas exploration and production companies worldwide.
The company prides itself on having a modern and high-spec fleet of offshore drilling rigs that are built by reputable shipyards, offering superior performance and efficiency in drilling operations. As of 2021, BORR owns and manages a fleet that includes 28 high-specification jack-up rigs. Their fleet is considered as one of the newest and most technically advanced in the world, providing safer, more efficient and reliable offshore drilling services for their customers.
Borr Drilling's business approach is to partner with oil and gas companies to deliver top-tier drilling services, guided by efficient operations and careful capital discipline to deliver superior returns for their shareholders. They function with a commitment to prioritize safety first, maintain strong integrity, foster a sustainable environment, and promote a diverse workforce. The company is known for its highly experienced and professional employees, dedicated to improving performance, safety, and environmental stewardship.
Despite being relatively young, Borr Drilling has quickly established a strong name and competitive edge within the offshore drilling industry. Their investment in acquiring state-of-the-art rigs and continuous focus on operational efficiency position them to capitalize on the increasing demand for drilling services. However, like all players in the oil and gas industry, the company has faced challenges due to the fluctuating global energy markets and the effects of the COVID-19 pandemic.
Borr Drilling is listed on the Oslo Stock Exchange and the New York Stock Exchange. While they continue to navigate the ups and downs of the global energy market, the company remains committed to delivering high-quality services and implementing innovative, sustainable solutions in their operations.