Borr Drilling Ltd. announces preliminary unaudited results for the three and twelve months ended December 31, 2022. Highlights Fourth Quarter of 2022 Total operating revenues of $148.6 million, an increase of $40.7 million or 38% compared to the third quarter of 2022. Net loss of $21.3 million, a decrease in loss of $33.6 million compared to the third quarter of 2022. Cash and cash equivalents of $108.0 million at the end [...]
Borr Drilling Ltd. plans to release its financial results for the fourth quarter 2022 on Thursday, February 16, 2023. 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 it has been awarded a new contract and two extensions for its premium jack-up drilling rigs "Ran", "Gerd" and "Natt". These awards increase the company's firm backlog by approximately 625 days, excluding unexercised optional periods. The premium jack-up drilling rig "Ran" has secured a contract with Fieldwood Energy for work in Mexico. This contract will cover a firm scope of two [...]
Borr Drilling Ltd. advises that the Company will hold a Special General Meeting on February 23, 2023 to approve an increase in the Company's authorized share capital required in connection with the successful placement of USD 250 million senior unsecured convertible bonds announced 25 January 2023. The Board of Directors has fixed the close of business on February 6, 2023 as the record date for determination of the [...]
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 [...]
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