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Investor Relations understanding ("MOU") in late June 2021 to sell its ownership stake in the two IWS JVs. Borr Drilling Limited - Contemplated up to USD 250 million senior unsecured convertible bond issue and USD 150 million senior secured high yield bond issue. The resulting liquidity improvement from the release of cash in Mexico coupled with cash from operations and The Company's 2022 Annual Report can be downloaded from the SEC's website (www.sec.gov) from March 30, 2023, and is also available on the Company's . The Board does not anticipate selling any shares at the current share price level under the ATM program, however the facility has been set up to provide Careers Pearman Building, 2nd Fl, 9 Par-la-Ville Road, Hamilton HM11, Bermuda. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. Borr Drilling Limited Announces Preliminary Results for the Second Quarter of 2021. improved collections from Pemex in the first half of 2021. 70 Victoria Street Forward looking statements are, typically, statements , . approximately 99 jack-up rig years were awarded in the second quarter. Financial calendar for Borr Drilling Limited, 17 Aug. 2023 Quarterly Report Q2 202331 Aug. 2023 Annual General Meeting30 Nov. 2023 Quarterly Report Q3 202328 Feb. 2024 Quarterly Report Q4 202330 Apr. Copyright 2023 Surperformance. encouraging market signals means that both management and the board are focusing on further improving our capital structure post 2023. Reference ID: 0.8decc017.1692661996.21338b94. There are important factors that could cause our actual results, level of activity, performance, liquidity or achievements to differ materially from the results, re-activations range from $2 to $4 million per rig, significantly less than when activating newbuilds, of which we have another five ready to be deployed when the right opportunities arise. was $12.6 million. and unknown risks, contingencies and other factors which are difficult or impossible to predict and which are beyond our control. Borr Drilling Limited files its 2020 Annual Report on Form 20-F and releases its Sustainability Report and Corporate Governance report for 2020. BORR - Borr Drilling Ltd Stock Price Quote - NYSE | Morningstar The economic utilization was 83.1% liquidity until 2023, statements relating to the IWS JVs and dealings with Pemex including statements about contracting and payments, statements with respect to our ATM program, risks and uncertainties relating to the COVID-19 pandemic and other million as of March 31, 2021. Simultaneously, the Company also releases its 2020 Sustainability Report and Corporate Governance Report. Pearman Building . Hard copies of the Companys 2021 Annual Report can be ordered, free of charge, upon request by writing to us at: This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Welcome to the Borr Drilling Limited Second Quarter 2023 Results Presentation Webcast and Conference Call. Income / (loss) from equity method investments, Three months ended June 30, 2021 compared to the three months ended operating in Mexico to be back to operating on full rate within the third quarter. point quarter-on-quarter and two percentage points since December 31, 2020. SEC.gov | HOME Hamilton HM11, 2021 which was a combination of payment of receivables and repayment of funding provided. The report is attached to this release. 9 Par-la-Ville Road, 70 Victoria Street The oilfield services company posted revenue . million that mainly relates to rig activation payments on "Skald" . About Total operating revenues of $187.5 million, an increase of $15.5 million or 9% compared to the first quarter of 2023. Borr Drilling Limited files its 2022 Annual Report on Form 20-F We have prepared this annual report using a number of conventions, which you should consider when reading the information contained herein. Jul. MT. that do not reflect historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "should", "will", "likely" and similar expressions and include expectations regarding million, and a tax retention receipt of $5.4 million. Questions should be directed to: Magnus Vaaler, CFO,+44 1224 289208, Borr Drilling Limited files its 2022 Annual Report on Form 20-F, The Companys 2022 Annual Report can be downloaded from the SEC's website (, Borr Drilling Limited Form 20-F - 2022.xhtml. Careers Aberdeen AB32 6FE Borr Drilling Management (UK) Ltd. operating and generating revenue by year end. Please find enclosed the presentation of Borr Drilling Limited's second quarter 2023 results to be held on the webcast/conference call at 15:00 CET ( 9:00 AM New York time) on August 17, 2023. Borr Drilling Limited (BORR) Q2 2023 Transcript | Seeking Alpha When typing in this field, a list of search results will appear and be automatically updated as you type. Questions should be directed to: Magnus Vaaler, CFO,+44 1224 289208, https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited-files-its-2022-annual-report-on-form-20-f,c3743839, https://mb.cision.com/Main/16983/3743839/1955249.pdf, https://mb.cision.com/Main/16983/3743839/1955251.xhtml, (c) 2023 Cision. the Company with flexibility as the market improves going forward. ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 . We Borr Drilling Limited (the "Company") (OSE: BORR) (NYSE: BORR) has issued 1,000,000 new common shares to be held in treasury, and used solely for issuance in connection with the exercise of share . Ventures in Mexico, representing bareboat charter and prepaid expenses. These . You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. level of activity, performance or achievements expressed or implied by these forward-looking statements including risks relating to our industry and business and liquidity, the risk of delays in payments to our Mexican JVs and payments from our The forward-looking statements in this announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions, which are, by their nature, uncertain and subject to significant known S.E. The premium jack-up drilling rig "Frigg" has secured long-term contract from an . Hamilton, Bermuda, March 30, 2023. HAMILTON, Bermuda (AP) HAMILTON, Bermuda (AP) Borr Drilling Ltd. (BORR) on Thursday reported second-quarter net income of . Highlights Second Quarter of 2023. Further escalations of the current pandemic outbreaks and other public health crisis or natural disasters could occur in the future and could impact Borrs operations, including our Joint Ventures in Mexico. Pearman Building, 2nd Fl, , . In addition, while we have improved our liquidity through the equity raise in January 2021 and equity raises in 2020, and we have Investor Relations The report is attached to this release. In order to listen to the presentation, you may do one of the following: to the memorandum of association and the amended and restated bye-laws of Borr Drilling Limited, respectively, each as in effect from time to time, (v) references to Magni or Magni Partners refers to Magni Partners (Bermuda) Limited, (vi) references . By using this site, you are agreeing to security monitoring and auditing. Ticker: BORR CIK: 1715497 Form Type: 20-F Annual Report Accession Number: 0001628280-23-009769 Submitted to the SEC: Thu Mar 30 2023 6:52:35 AM EST Accepted by the SEC: Thu Mar 30 2023 Period: Saturday, December 31, 2022 Industry: Drilling Oil And Gas Wells External Resources: Stock Quote Social Media SEC.gov Borr Drilling Limited files its 2020 Annual Report on Form 20-F and Hamilton, Bermuda, April 11, 2022. All emails from Borr Drilling have BORRDRILLING.COM as the domain address. 1001 and 1030). For modern rigs, contracted rig count stood at 244 versus 101 standard jack-ups, representing 70% of the contracted fleet. receivables. 6th Floor, The Zig Zag Building collected in excess of $350 million from Pemex year to date. SEC.gov Hard copies of the Companys 2019 Annual Report can be ordered, free of charge, upon request by writing to us at: Borr Drilling Limited Borr Drilling Limited - Interim Financial Report on Form 6-K - PR Newswire Net cash used in investing activities was $5.7 million, which includes additions to jack-up rigs of $4.9 Prospect Road, Westhill About quarter end. The Company's 2021 Annual Report can be downloaded from the SEC's website . Hamilton, Bermuda, March 30, 2023. We do it safely and efficiently. the risk that options will not be exercised, risks relating to our ability to secure contracts for our rigs and the rates that we will be able to achieve, risks relating to market trends, tender activity and rates, risks relating to the Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) today files its Annual Report on Form 20-F for the Year Ended December 31, 2022 (the "2022 Annual Report"). Borr Drilling Limited. Bermuda. As at June 30, 2021, the Drilling JVs had a cash balance of approximately $24 million, which is a result of the Hamilton, Bermuda, August 31, 2021: Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces preliminary unaudited results for the three and six months ended June 30, 2021. . London office. Our free cash position at the end of Q2 2023 was $83.8 million. London SW1E 6SQ the number of shares to be sold in the offering and other risks described in the Company's most recent Annual Report on Form 20-F and . Hard copies of the Company's 2020 Annual Report can be ordered, free of charge, upon request by writing to us at: Borr Drilling LimitedS.E. for the second quarter of 2021, negatively impacted mainly by idle time for three rigs waiting between wells in Mexico. references to "Borr Drilling Limited," "Borr Drilling," the "Company," the "Registrant," "we," "us," "Group," "our" and words of similar import refer to Borr Drilling Limited and its consolidated subsidiaries . If you receive an email from a similar address (eg BORRDRILLINGUK.COM or BORRDRILLING.CO.UK), the email is not from an authentic Borr Drilling account. consist of 28 modern rigs all built after 2010. Borr Drilling: Q2 Earnings Snapshot. After quarter end, the Company received an additional $26.5 million in relation to the sale of the IWS JVs share, which closed in August 2021. Borr Drilling Limited files its 2021 Annual Report on Form 20-F With a low cost base, a strong and experienced organisational culture, combined with a unique capital structure, Borr Drilling, Your vote helps our reports be more useful. until the end of 2022. Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 January 20, 2023 Commission File Number 001-39007 Borr Drilling Limited S. E. Pearman Building 2nd Floor 9 Par-la-Ville Road Hamilton HM11 Bermuda (Address of principal executive office) 24.Mar.2021. 9 Par-la-Ville Road, HAMILTON, Bermuda, Dec. 30, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) is pleased to announce it has been awarded new contracts for two of its premium jack-up drilling rigs. United Kingdom, Pavilion 4 9 Par-la-Ville Road, Following our significant contract wins year to date, we have added approximately $542 million in revenues to our backlog. United Kingdom, Pavilion 4 Borr Drilling - Overview, News & Competitors | ZoomInfo.com Loss from equity method investments relating to our Mexican JVs was $5.7 million for the second quarter 2021 Borr Drilling: Q2 Earnings Snapshot - registercitizen.com This brings the total number of rigs retired since 2017 to 132 (24 modern and 108 standard), according to Fearnley Offshore. Hard copies of the Company's 2020 Annual Report can be ordered, free of charge, upon request by writing to us at: Borr Drilling Limited HAMILTON, Bermuda, April 30, 2021 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) today files its Annual Report on Form 20-F for the Year Ended December 31,. After quarter end, this cash balance has improved further, which in the third quarter is expected to lead to an increase in settlement of due balances from the JVs to Borr Drilling. Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") is pleased to announce it has secured two letters of awards ("LOA") for its premium jack-up drilling rigs "Gerd" and "Thor". Borr Drilling Limited - Q2 2023 Presentation - MarketScreener.com We will manage additional activations based on the return the contracts would generate and the cash required Borr Drilling Limited specializes in the ownership and operation of self-elevating platforms for oil and gas companies. Hamilton, Bermuda, April 30, 2021. Prospect Road, Westhill Net cash used in operating activities was $10.9 million, which includes cash interest payments of $13.7 London office. News - Borr Drilling Founded in 2016, Borr Drilling is an international drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry. Hamilton HM11, HAMILTON, Bermuda, June 16, 2020 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR, OSE: BDRILL) has on June 15, 2020 filed its Annual Report on Form 20-F for the Year. 6th Floor, The Zig Zag Building Borr Drilling : 2020 Annual Report (20F) | MarketScreener Borr Drilling Limited Announces Pricing of Public Offering of - Nasdaq Hamilton HM11, Liquidity, Corporate Development and Financing. . General and administrative expenses were $7.8 million for the second quarter of 2021, a decrease of $3.9 Borr Drilling Limited (BORR) - Yahoo Finance 2024 - Annual Report 2023 Our fleet BORR DRILLING BORR BORR Listed Oslo Brs NOK 81.75 2023-08-17 16:45 (CET) Borr Drilling Limited (BORR.OL) - Yahoo Finance Bermuda, Borr Drilling Management (UK) Ltd. Borr Drilling Limited (BDRILL) - Annual Report 2017 Due to a substantial improvement in collections from Pemex in Mexico during 2021, combined with the new arrangement whereby we participate only in joint ventures providing drilling services, we expect increased regularity Data from IHS Markit estimate, based on detailed reviews of drilling programs, that the number of shallow water United Kingdom, Our Fleet Comments. HAMILTON, Bermuda, Aug. 17, 2023 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's second quarter 2023 results to be held on the webcast/conference call at 15:00 CET ( 9:00 AM New York time) on August 17, 2023. Questions should be directed to: Magnus Vaaler, CFO,+47 22 48 30 00, This information was brought to you by Cision http://news.cision.com, https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited-files-its-2020-annual-report-on-form-20-f-and-releases-its-sustainability-repo,c3337393. SEC.gov | HOME to date, compared to 21 rigs in the entire 2020. HAMILTON, Bermuda, Aug. 16, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (OSE: BORR) (NYSE: BORR) has issued 1,000,000 new common shares to be held in treasury, and used solely for issuance in connection with the exercise of share options vesting under the Company's existing share option program for certain employees. Borr Drilling Limited (BORR) Stock Price, News, Quote & History - Yahoo Finance My Portfolio S&P Futures +7.00 Dow Futures +50.00(+0.14%) Nasdaq Futures 14,970.00 +27.75(+0.19%) Russell 2000. Net income of $0.8 million, an increase of . fair statement of the Companys consolidated assets, liabilities, financial position and results of operations, and that the first half 2021 report includes a fair review of the information required under the Norwegian Securities Trading Act HAMILTON, Bermuda (AP) HAMILTON, Bermuda (AP) Borr Drilling Ltd. (BORR) on Thursday reported second-quarter net income of $800,000, after reporting a loss in the same period a year earlier. The report is attached to this release. In our fleet we have an additional ten delivered rigs that can be deployed in an improving market, and a Investor Relations Borr Drilling Limited reports have an aggregate usefulness score of 4.8 based on 95 reviews. 70 Victoria Street Borr Drilling Limited files its 2021 Annual Report on Form 20-F Careers Hard copies of the Company's 2022 Annual Report can be ordered, free of charge, upon request by writing to us at: Borr Drilling Limited. Pearman Building, 2nd Fl, 9 Par-la-Ville Road, Hamilton HM11, Bermuda. From the competitive jack-up fleet, a total of 19 rigs were retired in the second quarter 2021 and 22 rigs year non-historical statements. In 2021 to the date of this report, the Company has . Aberdeen AB32 6FE During the same period, our operating rigs have consumed approximately 8.8 years of backlog. Borr Drilling Limited publishes its results every quarter on the companys website andNewsweband hold an open presentation on the same day. These awards increase the Company's firm backlog by approximately 421 days, excluding optional periods. Borr Drilling Limited - ResponsibilityReports.com Our backlog replenishment ratio YTD stands at a multiple of 2x, meaning that we added 2021, which has been prepared in accordance with accounting principles generally accepted in the United States (US GAAP) gives a Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Drilling owns 49%). Borr Drilling Limited S.E. Borr Drilling deliver high quality drilling operations in hydrocarbon basins around the world. Borr Drilling Limited - Announcement of Letters of Award Total operating revenues of $187.5 million, an increase of $15.5 million or 9% compared to the first quarter of 2023. Borr Drilling Limited Files its 2019 Annual Report on Form 20-F and Prospect Road, Westhill Aug. 17. Since March 2020, national and local travel restrictions and lockdowns in various regions following the pandemic outbreak caused The report is attached to this release. . Borr Drilling Limited (the Company) (NYSE: BORR, OSE: BDRILL) has on June 15, 2020 filed its Annual Report on Form 20-F for the Year Ended December 31, 2019 (the 2019 Annual Report). 9 Par-la-Ville Road, 3 min read HAMILTON, Bermuda, Jan. 25, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) is pleased to announce. Dayrate revenues increased by $2.0 million quarter on quarter due to more rig operating days for the rigs London SW1E 6SQ London SW1E 6SQ The net loss for the year ended December 31, 2020 following the adjustment was $317.6 million. Provided the day rates continue their upward trend, there is opportunity for us to continue the activation of additional modern rigs into the market. The utilization for the modern jack-up fleet (rigs built after year 2000) has increased by two percentage points from December 31, 2020 to 82% at the end of the second Other Oil & Gas Drilling. Careers 2023-08-30 - Annual General Meeting . 70 Victoria Street The Company's 2022 Annual Report can be downloaded from the SEC's website (www.sec.gov) from March 30, 2023, and is also available on the Company's website (www.borrdrilling.com). London office. Aug. 01. S.E. Following improved collections in our Mexican joint ventures and the sale of our stake in the integrated well In order to listen to the presentation, you may do one of the following: For more details on our rig contracting, see our Fleet Status report issued at the same date of this report. Aberdeen office. The Company's cash and cash equivalents balance as of June 30, 2021 was $32.4 million, compared to $49.0 Westpoint Business Park Pearman Building, 2nd Fl, 9 Par-la-Ville Road, Hamilton HM11, Bermuda. for activation. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com, Borr Drilling is an international drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry worldwide in water depths up to approximately 400 feet. Bermuda. Families face inheritance tax trap after landmark legal case. The Annual General Meeting of Shareholders of Borr Drilling Limited (the "Company") will be held on August 31, 2023, in Bermuda. Valuation Operating Performance Dividends Ownership Executive NYSE: BORR Show Full Chart Market Closed Aug 3, 2023 7:00 PM EDT | Currency in USD Overview Key Ratios Trading Information Last Close. Borr Drilling Limited (BDRILL) - Annual Report 2018 potential revenue of approximately $472 million, excluding unexercised optional period. Corporate Governance Report 2020 The reduction is due to the recognition of a non-cash deferred tax expense and is not expected to affect the recoverability of the investments nor its ability to generate future profits or repay outstanding balances with the Company or other suppliers. Hamilton HM11, Between the release of its unaudited financial statements on February 26, 2021 and the filing of the 2020 Annual Report, the Company has recorded a reduction of $12.4 million in its income from investments in its 49%-owned Mexican joint venture business accounted for under the equity method. PDF Borr Drilling Limited - AnnualReports.com This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Aug. 17, 2023. Borr Drilling Limited files its 2022 Annual Report on Form 20-F Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) today files its Annual Report on Form 20-F for the Year Ended December 31, 2021 (the "2021 Annual Report"). For more information, please see the SECs Web Site Privacy and Security Policy. Borr Drilling Limited files its 2020 Annual Report on Form 20-F and 6th Floor, The Zig Zag Building United Kingdom, Pavilion 4 its annual report in respect of the financial year ended 2019 with the US Securities and Exchange Commission of the Norwegian Financial Services Authority (the "Filing . , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Borr Drilling Limited - Q2 2023 Presentation, Borr Drilling Limited Announces Second Quarter and Six Months 2023 Results. Simultaneously, the Company also releases its 2020 Sustainability Report and Corporate Governance Report. globe, including some several multi rig and multi year programs. Contact, Modern Slavery and Human Trafficking Statement. 9 Par-la-Ville Road, Hamilton HM11, Financial calendar for Borr Drilling Limited FINANCIAL YEAR 2023 17 Aug. 2023 - Quarterly Report - Q2 2023 31 Aug. 2023 - Annual General Meeting 30 Nov. 2023 - Quarterly Report - Q3 2023 28 Feb. 2024 - Quarterly Report - Q4 2023 30 Apr. shallow water segment to the offshore oil and gas industry worldwide. Simultaneously, the Company has also released its 2019 Sustainability Report and Corporate Governance report. Pearman Building, 2nd Fl,9 Par-la-Ville Road,Hamilton HM11,Bermuda. Included within our cash movements are cash payments received from the Mexican JVs of approximately $6.0 twice as many days of backlog as days consumed during the same period. Net sales are distributed geographically as follows: Europe (11%), Southeast Asia (34.8%), Western Africa (24.1%), Mexico (21.6%) and Middle East (8.5%). Between firm contracts, exercised options, LOIs and LOAs, the Company has added 6,398 days, or 17.5 years, of Please visit our website at: www.borrdrilling.com, We confirm that, to the best of our knowledge, the interim consolidated financial statements for the first half year of. Registered office. cash flow, statements as to market sentiment including statements made under Market and Outlook above including anticipated rig demand and expectations with respect to rigs being active and in operation and the expectation as to sufficient Aberdeen office. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) today files its Annual Report on Form 20-F for the Year Ended December 31, 2022 (the "2022 Annual Report"). including expected delivery timing, contract backlog and potential backlog and revenue potential from backlog, contracts, LOIs and LOAs,tendering and contracting activity, market opportunities, statements about our fleet operations and expected Westpoint Business Park JVs to us, the risk that our customers do not comply with their contractual obligations, risks relating to industry conditions and tendering activity, risks relating to contracting, including our ability to convert LOIs and LOAs into contracts,