Borr Drilling Ltd. announces unaudited results for the three and six months ended June 30, 2023. Highlights Second Quarter of 2023 Total operating revenues of $187.5 million, an increase of $15.5 million or 9% compared to the first quarter of 2023. Net income of $0.8 million, an increase of $8.2 million compared to the first quarter of 2023. Adjusted EBITDA of $84.0 million, an increase of $11.6 million or 16% compared to [...]
Borr Drilling Ltd. has issued 1,000,000 new common shares to be held in treasury, and used solely for issuance in connection with the exercise of share options vesting under the Company's existing share option program for certain employees. For further information on the share option program please refer to Note 24 of the Company's Annual Report on Form 20-F for the year ended December 31, 2022, which was filed with the [...]
Borr Drilling Ltd. plans to release its financial results for the second quarter 2023 on Thursday, August 17, 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 secured two letters of awards for its premium jack-up drilling rigs "Gerd" and "Thor". These awards increase the Company's firm backlog by approximately 421 days, excluding optional periods. The premium jack-up drilling rig "Gerd" has secured a binding LOA from an undisclosed customer for work in the Middle East. This contract will cover a firm scope of 270 days, and one [...]
The Annual General Meeting of Shareholders of Borr Drilling Ltd. will be held on August 31, 2023, 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 website www.borrdrilling.com. Hamilton, Bermuda July 6 [...]
Borr Drilling Ltd. advises that the 2023 Annual General Meeting will be held on August 31, 2023. The record date for voting at the Annual General Meeting is set to June 30, 2023. The notice, agenda and associated material will be distributed prior to the meeting. Hamilton, Bermuda June 29, 2023 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. View [...]
Borr Drilling Ltd. is pleased to announce it has secured a contract extension for its premium jack-up drilling rig 'Mist' from Valeura Energy in Thailand. The contract extension covers a firm term of 9 months starting in direct continuation to the current contract and will maintain the rig contracted through August 2024. The estimated total contract value of this extension is $41 million, excluding unpriced options [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s first quarter 2023 results to be held on the webcast/conference call at 16:00 CET on May 23, 2023. 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/9cxmfutk b) Conference Call Please use this link to register for the conference call [...]
Borr Drilling Ltd. announces preliminary unaudited results for the three months ended March 31, 2023. Highlights First Quarter of 2023 Total operating revenues of $172.0 million, an increase of $23.4 million or 16% compared to the fourth quarter of 2022. Income before taxes of $7.9 million, an increase of $26.4 million compared to $18.5 million in the fourth quarter of 2022. Net loss of $7.4 million, a decrease in loss of [...]
Borr Drilling Ltd. and plans to release its financial results for the first quarter 2023 on Tuesday, May 23rd, 2023. A conference call and webcast is scheduled for 16:00 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. today announced that Mr Daniel Rabun has been appointed as a Director of the Company by the Board to fill an existing vacancy with effect from 25th April 2023. Mr. Rabun brings extensive industry experience in the energy services sector to the Company, including service as Chairman of the Board, President and Chief Executive Officer of Ensco plc, an offshore drilling services company from 2007 until his [...]
Borr Drilling Ltd. is pleased to announce that its premium jack-up rig "Hild" has been awarded a contract from an undisclosed customer for work in Latin America. The contract duration covers a firm term of 725 days and is expected to commence in Q3 2023, following the conclusion of the rig's ongoing activation. The estimated contract value is US$123 million, including mobilization and demobilization fees. Following this [...]
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