Borr Drilling Limited reports developments tied to its international shallow-water drilling business and fleet of modern, high-specification jack-up rigs. Company news commonly covers rig contract awards and extensions, fleet operating status, regional deployment updates, dayrate and coverage commentary, and earnings-release schedules for its offshore oil and gas customers.
Updates also include shareholder meeting notices, annual report availability, and capital-structure actions such as convertible debt offerings or repurchases. Borr Drilling is incorporated in Bermuda and its common shares trade under BORR on the New York Stock Exchange and Euronext Growth Oslo.
Borr Drilling (BORR) reported that three bodies have been located following the Prospector 5 rig incident offshore Gabon.
Of the 115 personnel aboard at the time of the incident, 110 have returned ashore and remain in Gabon with accommodation, care and support. Recovery efforts are underway for the three individuals, while search and rescue operations continue for two people still unaccounted for.
The rig carried approximately 280 cubic meters of marine diesel fuel at the time of the incident. Resources have been mobilized and environmental mitigation measures are being taken in coordination with the customer and local authorities.
Borr Drilling (BORR) reported that five personnel remain unaccounted for following the Prospector 5 rig incident offshore Gabon. Of the 115 personnel on board, 110 are safe and accounted for and are being brought ashore in Gabon for care and support.
Marine and air search and rescue operations remain ongoing. The onshore emergency response team is working with local authorities and the customer, while the company is in contact with the missing personnel's families. Borr Drilling is working with partners and authorities toward an investigation into the cause, but says its immediate priority remains locating the missing individuals and supporting those accounted for.
Borr Drilling (BORR) confirmed that its Prospector 5 drilling rig sank offshore Gabon during jacking operations on October 24, 2026. Preliminary information indicates that a punch through event during preload activities caused a loss of stability and the subsequent sinking.
Of the 115 personnel onboard, 110 have been safely accounted for; five remain unaccounted for, with extensive search and rescue operations ongoing. Borr Drilling has activated its onshore emergency response team and is working with local authorities and customer BW Energy. The rig is owned and operated by Borr Drilling and was preparing for a planned drilling campaign under its contract supporting BW Energy's offshore Gabon operations.
Borr Drilling (BORR) announced new commitments for three jack-up rigs, covering drilling work in West Africa and accommodation activities in Europe. Norve received a binding award for three wells, expected to start in mid-December 2026 and last an estimated 245 days. Shell Nigeria exercised Natt's one-well option, with contracting anticipated into early August 2027. Joro's UK accommodation contract is expected to start in mid-October 2026 for an estimated 60 days.
Borr Drilling (BORR) announced on September 16, 2026 that it has published a new investor presentation on its website in connection with Pareto Securities' 33rd Annual Energy Conference.
The presentation is available at www.borrdrilling.com for investors and other stakeholders.
Borr Drilling (BORR) reported operational progress and new jack-up rig contracts across the Americas, Southeast Asia and Europe as of September 15, 2026.
In the Americas, the Odin completed mobilization offshore Texas and, after acceptance testing, started its contract and began earning dayrate revenues on September 11, 2026. In Southeast Asia, the Idun secured a three-well contract in Vietnam with an undisclosed operator, expected to last about 130 days starting in the fourth quarter of 2026, directly following its current work. In Europe, ENI exercised a nine-month option on the Bestla, extending that contract to September 2027 and retaining an additional nine-month fixed price option. Borr Drilling is expected to take over operational management of the Bestla in the fourth quarter of 2026 after the existing bareboat charter ends.
Borr Drilling (BORR) has entered definitive agreements to divest its 51% equity stake in Mexican joint ventures Perfomex to its long-standing local partner, with closing expected in September 2026 subject to customary conditions.
After completion, the partner will become sole owner of Perfomex and assume responsibility for managing and operating the jack-up rigs Galar, Gersemi and Njord, which are on contract with PEMEX. Borr Drilling will retain ownership of the three rigs and continue participating in the underlying contracts via bareboat charters, with economics expected to remain largely unchanged. Njord is contracted through April 2028, while Galar and Gersemi are contracted through May 2030. The sale consideration is based on the estimated net book value of Borr Drilling’s equity interest in Perfomex as of July 31, 2026. The company expects the transaction to simplify its Mexican structure and create a more efficient platform for future growth alongside its BC Ventures joint venture.
Borr Drilling (NYSE: BORR, OSE: BORR) announced that it has filed its unaudited interim financial report on Form 6-K for the three and six months ended June 30, 2026, with the U.S. Securities and Exchange Commission. The filing is enclosed with the release and can be accessed via the SEC’s website and the Investor section of Borr Drilling’s website.
The company, an international shallow-water jack-up drilling contractor incorporated in Bermuda and listed in New York and Oslo, notes that the information is provided pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Borr Drilling (NYSE/OSE: BORR) reported unaudited Q2 2026 operating revenues of $232.3 million, down 6% sequentially, and a net loss of $241.4 million, versus a $29.0 million loss in Q1. The larger loss was mainly driven by a $176.3 million debt extinguishment charge linked to refinancing senior secured notes and convertible bonds.
Adjusted EBITDA fell 51% quarter-on-quarter to $43.8 million, impacted by higher Odin rig preparation costs, increased fuel and insurance expenses, and $10.8 million of credit losses from a former West African customer. According to Borr Drilling, it refinanced substantially all debt via $2,035 million of senior secured notes, $300 million of convertible notes and an upsized $250 million super senior revolving credit facility, extending maturities and lowering financing costs.
Year-to-date, the company has secured 21 contract commitments totaling about 4,350 days and $541 million of backlog. A 50/50 joint venture subsequently acquired five premium jack-up rigs for $287 million, with three already contracted.
Borr Drilling (NYSE: BORR) reported that BC Ventures, its 50/50 joint venture with its long-term Mexican well construction partner, has completed the previously announced acquisition of five premium jack-up rigs from Fontis Finance for a total purchase price of $287 million.
According to Borr Drilling, BC Ventures acquired the rig-owning entities of two Friede & Goldman JU-2000E design rigs (Oberon and Titania FE) and three LeTourneau Super 116-C design rigs (Courageous, Defender, and Intrepid), all currently located in Mexico. The acquisition was financed through a $237 million non-recourse seller's credit and a $25 million cash contribution from each JV partner. The seller's credit matures in January 2029 and is secured by a first priority lien on the five rigs. This transaction increases Borr Drilling's owned and jointly-owned fleet to 34 rigs, strengthens its footprint in Mexico's shallow-water market, and is intended to support participation in growing demand for secure and diversified energy sources regionally and internationally.