What Borr Drilling Ltd does.

We are an offshore shallow-water drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Our primary business is the ownership, contracting and operation of jack-up rigs for operations in shallow-water areas (i.e., in water depths up to approximately 400 feet), including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production (“E&P”) customers. We own 29 premium jack-up rigs, all of which were delivered in 2008 or later, including five rigs acquired in early 2026 in the Five-Rig Acquisition as discussed below.

We are one of the largest international operators of drilling rigs within the jack-up segment, and the shallow-water market is our operational focus. Jack-up rigs can, in principle, be used to drill (i) exploration wells (i.e. explore for new sources of oil and gas) or (ii) new production wells in an area where oil and gas is already produced; the latter activity is referred to as development drilling and constitutes the vast majority of current activity. Shallow-water oil and gas production is generally lower cost, in terms of cost per barrel of oil, as compared to other offshore production. As a result, and due to the shorter period from investment decision to cash flow, E&P companies have an incentive to invest in shallow-water developments over other offshore production categories.

Revenue and profit, by fiscal year.

More on BORR.

• Borr Drilling Ltd summary
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• Borr Drilling Ltd earnings
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• Borr Drilling Ltd ownership and insiders
• Borr Drilling Ltd peers

Figures from Borr Drilling Ltd's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.