Overview
Borr Drilling provides offshore shallow-water drilling services worldwide. It owns and operates a fleet of premium jack-up drilling rigs that can operate in water depths up to about 400 feet. Its offering combines rig ownership with full drilling services, including exploration, production, workover, plug and abandon, and carbon capture and storage (CCS) drilling, supported by equipment provision and a skilled workforce. The company emphasizes safe, efficient, and sustainable operations within a strong value chain to meet client needs and deliver high-quality offshore drilling services. What sets Borr Drilling apart is its modern, capable fleet, solid operational track record, and an integrated approach that covers rig ownership, operation, equipment provision, and extensive support services. The company’s goal is to be a leading offshore drilling contractor delivering reliable, safe, and efficient offshore drilling services to customers worldwide.
Work here?Claim your company
Simplify's take
What believers are saying
- June 2026 backlog reached $1.13 billion after 21 contract commitments.
- Galar and Gersemi in Mexico now run through May 2030 after two-year extensions.
- Five premium Fontis rigs closed in July 2026, expanding contracted optionality quickly.
What critics are saying
- Middle East conflict delayed tenders and start dates, hurting 2026 and 2027 visibility.
- Q1 2026 net loss hit $29 million while debt amortization runs $144 million annually.
- If jack-up dayrates soften, Borr’s heavy capex and debt stack can crush equity.
What makes Borr Drilling unique
- Borr runs 29 modern jack-ups, all built after 2008, plus five JV rigs.
- Its fleet spans Americas, Europe, MENA, West Africa, and Southeast Asia.
- 2026 coverage reached 73% at $134,000 daily, giving visible near-term revenue.
Help us improve and share your feedback! Did you find this helpful?