BORR

Borr Drilling Limited is an international offshore drilling contractor providing services to the global energy industry through its fleet of modern jack-up rigs. The company owns and operates jack-up drilling rigs deployed across diverse markets including the Middle East, Southeast Asia, West Africa, North Sea, and other regions. Borr focuses exclusively on shallow-water jack-up rigs, which are mobile offshore platforms used to drill oil and gas wells in relatively shallow waters. Founded in 2016 and headquartered in Bermuda, Borr rapidly assembled a large fleet of modern jack-up rigs through newbuild orders and acquisitions during the offshore drilling downturn. The company faced significant financial distress and underwent debt restructuring in 2021 as offshore drilling markets remained depressed. Borr has since benefited from improved offshore drilling markets driven by higher oil prices and increased operator activity. The company operates with high financial leverage and faces ongoing risks from commodity price volatility, dayrate pressure, operational challenges, and competitive offshore drilling markets. Borr continues to work toward sustained profitability while managing its complex capital structure.