VTGDF - Borr Drilling: Promising Albeit Risky Bet On The High-Specification Jack-Up Market

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Borr Drilling (BORR) is a newcomer in the offshore drilling industry, established by former Seadrill executive Tor Olav Trøim to take advantage of the major industry downturn that started in the second half of 2014.

Since its foundation, the company has acquired a host of assets from other industry players as well as an mini-armada of stranded newbuild rigs from some of the world's leading shipyards.

Photo: High-specification, harsh environment jack-up rig "Prospector 5"