Borr Drilling Ltd. is pleased to announce updates to its preliminary Revenue and EBITDA guidance for 2022 and 2023. For 2022, Borr Drilling expects to record revenues of $435-$450 million and adjusted EBITDA of $152-$162 million* . This implies estimated Q4 2022 Revenues between $140-$155 million, and Q4 2022 Adjusted EBITDA of between $50-$60 million. For 2023, based on current contracts and projections for new [...]
Borr Drilling Ltd. is pleased to announce it has been awarded new contracts for two of its premium jack-up drilling rigs. These awards increase the Company's backlog by approximately 2,030 days, excluding optional periods. The premium jack-up drilling rig "Frigg" has secured long-term contract from an undisclosed customer for work in the Middle East. This contract has a firm duration of 5 years plus options and is [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s third quarter 2022 results to be held on the webcast/conference call at 15:00 CET on November 17, 2022. In order to listen to the presentation, you may do one of the following: a) Webcast To access the webcast, please go to the following link: https://edge.media-server.com/mmc/p/s2se2v8c b) Conference Call Please use this link to register for the conference [...]
Hamilton, Bermuda, November 17, 2022: Borr Drilling Ltd. announces preliminary unaudited results for the three and nine months ended September 30, 2022. Highlights Third Quarter of 2022 Total operating revenues of $107.9 million, an increase of $2.6 million or 2% compared to the second quarter of 2022. Net loss of $54.9 million, a decrease in loss of $110.4 million compared to the second quarter of 2022. Cash and cash [...]
Borr Drilling Ltd. plans to release its financial results for the third quarter 2022 on Thursday, November 17, 2022. A conference call and webcast is scheduled for 15:00 CET and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you may do [...]
Borr Drilling Ltd. is pleased to announce that its joint venture company in Mexico has entered into new contracts for the Company's five premium jack-up rigs "Galar", "Gersemi", "Grid", "Njord" and "Odin" with OPEX Perforadora S.A. de C.V. and Perforadora Profesional Akal I S.A. de C.V, providers of integrated well services to Pemex. The contracts are effective from October 20, 2022 and will maintain all five rigs [...]
Borr Drilling Ltd. has: allocated and will deliver 34,771 of the Company's shares, held in treasury and listed on Oslo Stock Exchange, to three persons discharging managerial responsibilities , as defined by the Market Abuse Regulation in their capacity as directors, constituting part of their remuneration; and received corresponding trade notifications from the PDMRs: Director and Chairman Tor Olav Trøim: 12,367 shares [...]
Borr Drilling Ltd. is pleased to announce that it has entered into an agreement to sell the jack-up drilling rig "Gyme" for a price of $120 million to an unrelated third party. The "Gyme" is a 2018 PPL Pacific Class 400 located in Singapore and has not been activated or contracted since its delivery. The sale of the rig is an undertaking by the Company under its most recent refinancing with PPL Shipyard which was [...]
Borr Drilling Ltd. advises that the 2022 Annual General Meeting of the Company was held on September 30, 2022 at 09:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2021 were presented to the Meeting. The following resolutions were passed: To set the maximum number of Directors of the [...]
HAMILTON, Bermuda , Sept. 6, 2022 /PRNewswire/ -- The Annual General Meeting of Shareholders of Borr Drilling Ltd. will be held on September 30, 2022, in Bermuda. A copy of the Notice of Annual General Meeting and Form of Proxy will be distributed to shareholders by normal distribution methods and is attached to this release. Associated information including the Company's Annual Report can be found on the Company's [...]
Chief Executive Officer, Patrick Schorn, of Borr Drilling Ltd. will present at the Barclays CEO Energy-Power Conference in New York City today, Tuesday, September 6, 2022, at 1:15 pm EDT. A copy of the presentation to be held is available on the Company's website at www.borrdrilling.com and enclosed to this release. 6 September 2022 Hamilton, Bermuda CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 [...]
Borr Drilling Ltd. announced today the second and final settlement of its previously announced US public offering of 69,444,444 US common shares of the Company, at a price per share of $3.60 per common share and an additional 6,918,627 common shares for which the underwriters have exercised their option to purchase at the public offering price of $3.60 per share, minus underwriting discounts. The total gross proceeds of [...]
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