Borr Drilling Ltd. is pleased to announce new contract commitments for three of its premium jack-up rigs and additional fleet updates. Highlights Secured new awards for the rigs "Thor", "Gerd" and "Norve" with an expected combined duration of 774 days and estimated contract revenues of approximately $120 million, excluding mobilization and demobilization fees. Received re-mobilization notices for the rigs "Galar", "Grid [...]
Borr Drilling Ltd. today filed its Annual Report on Form 20-F for the Year Ended December 31, 2024 . The report is attached to this release. The Company's 2024 Annual Report can be downloaded from the SEC's website from March 25, 2025, and is also available on the Company's website . CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This information was brought to you by Cision [...]
The Annual General Meeting of Shareholders of Borr Drilling Ltd. will be held on Wednesday May 21, 2025. The Board of Directors has fixed the close of business on March 6, 2025, as the record date for determination of the shareholders entitled to receive notice of, attend and vote at the Annual General Meeting or any adjournment thereof. A copy of the Notice of the Annual General Meeting and Form of Proxy will be [...]
The Annual General Meeting of Shareholders of Borr Drilling Ltd. will be held on May 21, 2025, in Bermuda. The record date for voting at the Annual General Meeting is set to March 6, 2025. A copy of the Notice of Annual General Meeting and Form of Proxy will be distributed to Shareholders by normal distribution methods. Associated information including the Company's Annual Report can be found on the Company's website [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s fourth quarter 2024 results to be held on the webcast/conference call at 15:00 CET on February 20, 2025. 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/opm27qfq b) Conference Call Please use this link to register for the conference [...]
Borr Drilling Ltd. today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.02 per share for the fourth quarter of 2024 to shareholders of record on March 3, 2025. For the shares traded on NYSE, the ex-date is March 3, 2025, and payment date will be on or about March 19, 2025. For shareholders registered in Euronext VPS, the Norwegian Central Security Depository [...]
Borr Drilling Ltd. announces unaudited results for the three and twelve months ended December 31, 2024. Highlights Fourth Quarter 2024 total operating revenues of $263.1 million, an increase of $21.5 million or 9% compared to the third quarter of 2024 Fourth Quarter 2024 net income of $26.3 million, an increase of $16.6 million or 171% compared to the third quarter of 2024 Fourth Quarter 2024 Adjusted EBITDA of $136.7 [...]
Borr Drilling Ltd. is pleased to announce that it has agreed with its major Mexican customer to receive payment settlement for approximately $125 million related to its outstanding receivables. The Company expects to collect this amount in the first half of February 2025. These payments represent over 75% of the outstanding receivables with this customer as of December 31st, 2024. These collections will be subject to an [...]
Borr Drilling Ltd. plans to release its financial results for the fourth quarter 2024 after the close of the New York Stock Exchange on Wednesday 19 February, 2025. A conference call and webcast is scheduled for 15:00 CEST on Thursday 20 February, 2025 and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report, webcast and accompanying presentation will be available from the [...]
Borr Drilling Ltd. has received a notice of temporary suspension of operation for its rigs "Galar", "Gersemi" and "Grid", operating in Mexico. The temporary suspension will be for a period of up to 31 March 2025. Based on discussions with our customer, it is expected that some or all of these three rigs may be resuming operation prior to this date. Hamilton, Bermuda 15 January 2025 Forward looking statements This press [...]
Borr Drilling Ltd. will present at the Fearnley Securities' Annual Offshore Drilling Seminar in New York and London on January 15 and 16, 2025, respectively. A copy of the presentation to be held is available on the Company's website at www.borrdrilling.com and enclosed to this release. Hamilton, Bermuda 15 January 2025 Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This information was brought to [...]
Borr Drilling Ltd. initiated a share repurchase program on December 13, 2024 to repurchase USD 10 million of the Company's common shares in open market transactions on the OSE and NYSE until no later than December 31, 2024 pursuant to an agreement with DNB Markets, a part of DNB Bank ASA . This was the second step under the Board of Directors authorized commitment to repurchase $20 million worth of shares before the end [...]
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