Borr Drilling expects steady increase in offshore contracts

Borr Drilling booked a net deficit in the third quarter, however it saw tendering activities accelerate over the period. If the latest oil price fall continues, it could slow recovery. But not seriously.

by KATRINE GRØNVALD RAUN

Drilling company Borr Drilling booked a worsened net result with a USD 39.1 net loss against a USD 9.6 million deficit in the same period last year, shows the report Wednesday.

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Borr Drilling sends four rigs back to the market
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