Borr Drilling Ltd

F:B2W

Business Description

Sector

Energy

Industry

Energy

Headquarters

Bermuda BM

Employees

2 030

IPO date

May 7, 2018

Borr Drilling Ltd. engages in the provision of offshore drilling services to the oil and gas industry. The company employs 2,030 full-time employees The company went IPO on 2018-05-07. The firm's primary business is the ownership, contracting and operation of jack-up rigs for operations in shallow-water areas (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. The firm owns approximately 29 rigs. Its rigs include Skald, Groa, Idun, Thor, Norve, Gerd, Natt, Ran, Odin, Gersemi, Grid, Galar, Njord, Prospector 1, Saga, Prospector 5, Mist, Gunnlod, Arabia III, Arabia I, Vali, Arabia II, and others. The company operates oil-producing geographies throughout the world, including the Middle East, the North Sea, Latin America, West Africa and South East Asia. The firm contracts its jack-up rigs primarily on a daily rate basis to drill wells for its customers.