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Borr Drilling Ltd

BDRILL.OL

Latest Trade

57.50NOK

Change

1.76(+3.16%)

Volume

259,288

Today's Range

55.01

 - 

57.50

52 Week Range

40.21

 - 

144.20

As of on the Oslo Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Borr Drilling Q3 Net Loss Widens To USD 79.2 Mln

Nov 26 (Reuters) - Borr Drilling Ltd <BDRILL.OL>::BORR DRILLING LIMITED ANNOUNCES RESULTS FOR THE THIRD QUARTER 2019.JACK-UP MARKET TIGHTENED FURTHER IN Q3.STRONG TENDERING ACTIVITY, IMPROVING DAYRATES AND A STRENGTHENING MARKET OUTLOOK FOR 2020.Q3 TOTAL OPERATING REVENUES OF $102.7 MILLION, NET LOSS OF $79.2 MILLION AND ADJUSTED EBITDA OF $13.8 MILLION FOR Q3 OF 2019 VERSUS $1.5 MILLION IN Q2 OF 2019.WE AIM TO GENERATE AROUND $500 MILLION PER YEAR IN GROSS CASHFLOW BEFORE INTEREST WHEN ALL OF OUR RIGS ARE EMPLOYED.Q3 2018: EBITDA NEGATIVE $10.3 MILLION; OPERATING REVENUE $49.7 MILLION; NET LOSS $39.1 MILLION AS REPORTED ON NOV 21, 2018.GLOBAL COMPETITIVE JACK-UP RIG UTILISATION STOOD AT 85% AT THE END OF SEPTEMBER 2019.EXPECTS STRONG GROWTH IN EBITDA IN 2020.HAS NO PLANS TO MAKE FURTHER INVESTMENTS IN THIRD PARTY MARKETABLE SECURITIES.

Borr Drilling Says CFO Rune Magnus Lundetræ Has Resigned

Nov 5 (Reuters) - Borr Drilling Ltd <BDRILL.OL>::BORR DRILLING LIMITED - CFO RESIGNS.RUNE MAGNUS LUNDETRÆ WILL STEP DOWN FROM HIS POSITION AS CHIEF FINANCIAL OFFICER.RUNE MAGNUS LUNDETRÆ WILL CONTINUE IN HIS POSITION WHILE COMPANY FINDS A REPLACEMENT.

Borr Drilling Reports Five New Contracts And Extensions

Nov 1 (Reuters) - Borr Drilling Ltd <BDRILL.OL>::BORR DRILLING LIMITED REPORTS NEW CONTRACTS IN NOVEMBER 2019 FLEET STATUS.REPORT INCLUDES NEWS ABOUT FIVE NEW CONTRACTS AND EXTENSIONS SINCE PREVIOUS FLEET STATUS REPORT IN AUGUST 2019.THIS IS EXPECTED TO ADD APPROXIMATELY 55 MONTHS AND APPROXIMATELY USD 151 MILLION OF ADDITIONAL BACKLOG REVENUE SINCE PREVIOUS FLEET STATUS REPORT IN AUGUST 2019.

BW Offshore: BW Energy Announces Revised Plan Of Development For Ruche Phase 1

Oct 30 (Reuters) - Bw Offshore Ltd <BWO.OL>::REG-BW OFFSHORE: BW ENERGY ANNOUNCES REVISED PLAN OF DEVELOPMENT FOR RUCHE PHASE 1.ESTIMATED CAPEX FOR REVISED RUCHE PHASE 1 INCORPORATING HIBISCUS DEVELOPMENT HAS BEEN INCREASED TO USD 445 MILLION.ESTIMATED GROSS PRODUCTION FROM RUCHE PHASE 1 IS FORECASTED TO DOUBLE FROM 15,000 BBLS/DAY TO 30,000 BBLS/DAY.THESE VOLUMES WILL COME IN ADDITION TO PRODUCTION FROM TORTUE FIELD..MANAGEMENT ESTIMATE FOR HIBISCUS RESERVES HAS BEEN CONFIRMED BY INDEPENDENT AUDITOR..UNDER REVISED PLAN, CONTEMPLATED PLATFORM WILL BE MOVED 4 KM TO WEST TO INCORPORATE HIBISCUS RESOURCES..RUCHE PHASE 1 WILL IN ITS REVISED FORM CONSIST OF FOUR HIBISCUS PRODUCTION WELLS AND TWO RUCHE WELLS, ALL FROM GAMBA FORMATION.TOTAL FIELD OPERATING COSTS INCLUDING RUCHE PHASE 1 ARE ESTIMATED TO BE AROUND $10/BBLS EXCLUDING ROYALTIES AND TAXES.PHASE 2 OF RUCHE DEVELOPMENT WILL DEVELOP ADDITIONAL PROVEN RESOURCES THROUGH UP TO 7 WELLS TO MAINTAIN PRODUCTION PLATEAU..CHANGE IN DEVELOPMENT PLAN WILL NOT AFFECT EXPECTED TIMING OF FIRST OIL FROM RUCHE..HAS AGREED OPTIONS FOR ADDITIONAL TWO EXPLORATION WELLS WITH DRILLING CONTRACTOR BORR DRILLING..BW ENERGY HAS AGREED OPTIONS FOR ADDITIONAL TWO EXPLORATION WELLS WITH DRILLING CONTRACTOR BORR DRILLING.TWO EXPLORATION WELLS WILL IF OPTIONS ARE EXERCISED EXTEND CURRENT DRILLING CAMPAIGN TO Q3 2020..THESE WELLS WILL IF OPTIONS ARE EXERCISED EXTEND CURRENT DRILLING CAMPAIGN TO Q3 2020.

Borr Drilling Limited: Pål Kibsgaard Appointed Chairman

Oct 8 (Reuters) - Borr Drilling Ltd <BDRILL.OL>::BORR DRILLING LIMITED - PÅL KIBSGAARD FORMALLY APPOINTED AS NEW CHAIRMAN.KIBSGAARD WILL REPLACE TOR OLAV TRØIM WHO WILL CONTINUE TO SERVE AS DIRECTOR AND HAS BEEN APPOINTED AS DEPUTY CHAIRMAN.

Borr Drilling currently bidding in 20 rig tenders -CEO

Aug 29 (Reuters) - Borr Drilling Ltd's <BDRILL.OL> CEO said::BORR DRILLING CEO SAYS "THERE IS A HUGE SPIKE" IN TENDERS IN THE LAST COUPLE OF MONTHS, WITH BORR CURRENTLY BIDDING IN 20 TENDERS.

Borr Drilling could form joint ventures to free up cash -CFO

Aug 29 (Reuters) - Borr Drilling Ltd <BDRILL.OL> told a conference call on Thursday::CFO SAYS THE COMPANY IS LOOKING AT FORMING JOINT VENTURES TO FREE UP ADDITIONAL LIQUIDITY.CEO SAYS HE EXPECTS BORR'S 8 WARM-STACKED MODERN RIGS TO BE CONTRACTED WITHIN THE NEXT SIX MONTHS.CEO SEES DEMAND FOR JACK-UP RIGS RISING IN MEXICO AS GOVERNMENT SEEKS TO COUNTER OIL OUTPUT DECLINE.CEO SAYS FIVE NEWBUILT RIGS ACTIVATED IN Q2 ARE EXPECTED TO GENERATE A COMBINED $18 MILLION IN ANNUAL EBITDA.

Borr Drilling Q2 Net Loss Widens To $103.2 Mln

Aug 29 (Reuters) - Borr Drilling Ltd <BDRILL.OL>::Q2 OPERATING REVENUES OF $86.6 MILLION, NET LOSS OF $103.2 MILLION AND ADJUSTED EBITDA OF NEGATIVE $4.9 MILLION.Q2 2018: EBITDA $3.2 MILLION; OPERATING REVENUE $51.1 MILLION; NET LOSS $7.4 MILLION AS REPORTED ON AUG 23, 2018.BORR DRILLING SAYS THIRD QUARTER OF 2019 WILL REFLECT FULL QUARTER OPERATIONS FOR THE FIVE RIGS THAT COMMENCED CONTRACTS DURING THE SECOND QUARTER OF 2019.EXPECTS A STRONG GROWTH IN ADJUSTED EBITDA IN THE COMING QUARTERS.BORR DRILLING SAYS Q3 RESULTS WILL INCLUDE ADDITIONAL INCOME FROM RE-COMMENCEMENT OF “NORVE” CONTRACT, AS WELL AS START-UP OF TWO RIGS ON CONTRACT TO PEMEX, “GRID” AND “GERSEMI”.BORR DRILLING SAYS THESE EIGHT NEW COMMENCEMENTS WILL HAVE MATERIAL POSITIVE IMPACT ON Q3 INCOME STATEMENT.EXPECTS THE DAY RATE TREND TO CONTINUE UP.BORR DRILLING SAYS BASED ON TODAY’S PRICING OF BORR SHARES, BOARD CURRENTLY SEES NO OPERATIONAL OR FINANCIAL BENEFIT TO CONTINUE TO GROW ASSET BASE.SEES EBITDA LEVEL REACHED DURING Q3 TO COVER ALL OPERATIONAL AND FINANCIAL CASH COSTS FOR THE TOTAL FLEET.

Borr Drilling: Paal Kibsgaard Recommended As New Chairman

Aug 22 (Reuters) - Borr Drilling Ltd <BDRILL.OL>::BORR DRILLING LIMITED - PAAL KIBSGAARD RECOMMENDED AS NEW CHAIRMAN OF THE BOARD.ELECTION WILL TAKE PLACE AT ANNUAL GENERAL MEETING TO BE HELD ON SEPTEMBER 27, 2019..RECOMMEND PAAL KIBSGAARD AS NEW CHAIRMAN OF BOARD OF BORR DRILLING.MR. KIBSGAARD WILL REPLACE MR. FREDRIK HALVORSEN AS A MEMBER OF BOARD, WHO WILL RESIGN AS A DIRECTOR EFFECTIVE SEPTEMBER 1, 2019..

Borr Drilling Limited Gets Contract In Mexico

Aug 6 (Reuters) - Borr Drilling Ltd <BDRILL.OL>::BORR DRILLING LIMITED - CONTRACT AWARD FOR PREMIUM JACK-UP RIG IN MEXICO.BORR DRILLING LIMITED - CONTRACT AWARD FOR PREMIUM JACK-UP RIG IN MEXICO.NEW CONTRACT SECURES EMPLOYMENT OF A THIRD MODERN JACK-UP DRILLING RIG WITH EXPECTED COMMENCEMENT IN Q4 2019 FOR AN ANTICIPATED DURATION TO BE AROUND 18 MONTHS.EXPECTED COMMENCEMENT IN Q4 2019 FOR AN ANTICIPATED DURATION TO BE AROUND 18 MONTHS..

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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