Borr Drilling Limited (BORR) Stock

Borr Drilling Limited, headquartered in Hamilton, Bermuda, operates globally as a leading offshore drilling contractor dedicated to serving the oil and gas industry. The company specializes in owning, contracting, and operating jack-up rigs designed for shallow-water operations. These rigs are equipped with essential equipment and skilled work crews to facilitate efficient oil and gas drilling and workover activities essential for exploration and production operations.

Catering primarily to a diverse clientele that includes integrated oil companies, state-owned national oil companies, and independent oil and gas firms, Borr Drilling plays a crucial role in supporting offshore exploration and development projects worldwide. As of December 31, 2021, the company maintained a robust fleet of 23 jack-up drilling rigs, strategically positioned to meet the operational needs of its global customer base.

Established in 2016 and formerly known as Magni Drilling Limited, Borr Drilling underwent a name change in December 2016 to reflect its expanded capabilities and strategic focus within the offshore drilling sector. With a commitment to operational excellence and safety, Borr Drilling continues to innovate and enhance its fleet to meet the evolving demands of the energy industry, contributing to the efficient and sustainable extraction of oil and gas resources worldwide.