Borr Drilling Ltd. operates in the energy sector, within the offshore drilling services industry, focusing on the ownership and operation of jack-up drilling rigs used in shallow-water oil and gas exploration.

Headquartered in Hamilton, Bermuda, the company provides offshore drilling services to oil and gas producers through the deployment of modern jack-up rigs designed for drilling, completion and maintenance operations in shallow-water environments.

Its business model centers on contracting offshore drilling units to national and international energy companies for exploration and production projects.

Its main areas of activity include:

• Operation and contracting of jack-up drilling rigs for offshore oil and gas exploration.
• Drilling, completion and well-maintenance services for offshore fields.
• Fleet management, maintenance and technical upgrades of drilling units.
• Operational support services including logistics, engineering and crew management.

Borr Drilling operates globally, with offshore activities in regions such as the Middle East, Southeast Asia, West Africa and the Americas, where shallow-water exploration remains a key component of oil production.

Industry performance is influenced by factors such as global oil prices, offshore exploration activity, fleet availability, drilling dayrates and capital investment cycles of oil and gas companies.

Shares of Borr Drilling Ltd. trade on the New York Stock Exchange (NYSE) under the ticker BORR.

History and Development

Borr Drilling Ltd. was founded in 2016 with the objective of building a modern fleet of jack-up drilling rigs and repositioning assets in the global offshore drilling market.

The company initially expanded by acquiring modern rigs from companies undergoing restructuring during a downturn in the offshore drilling sector.

During its early years, Borr Drilling focused on increasing fleet size, securing contracts with major oil operators and deploying rigs in regions with active offshore drilling demand.

Between 2017 and 2019, the company rapidly expanded its fleet and strengthened its presence in major offshore markets, positioning itself as one of the largest operators of modern jack-up rigs.

In recent years, Borr Drilling has focused on improving fleet utilization, securing new drilling contracts and continuing operational investments aligned with the recovery of offshore exploration activity in global energy markets.