Borr Drilling lost USD 58m in first quarter

Rig company Borr Drilling starts 2021 with yet another deficit and a decline in revenue compared to the fourth quarter last year.

BY ASTRID STURLASON, SHIPPINGWATCH

Tor Olav Trøim-founded Borr Drilling made a loss of USD 58.1m in the first quarter, roughly equivalent to the company's result at the end of 2020. Here, the company came out of the fourth quarter with a deficit of USD 59.1m, according to the company's quarterly report.

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Borr Drilling secures new contracts
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Borr Drilling lost more than USD 300m amid restructuring
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