Borr Drilling - Positioning for growth in a difficult market
Loading current market price
Report summary
On the 20th March, Borr Drilling announced its intention to acquire Transocean's entire remaining fleet of 15 high-specification jackups. A move of this magnitude in to such a crowded market is a brave move. On completion of the deal Borr will be one of the leading shallow water drilling contractors, placing it alongside established players such as Maersk Drilling and Rowan Companies. With limited revenue backlog and yard instalments on the new builds, Borr will be hoping for a swift recovery in the jackup sector. Latest indications suggest there may be some green shoots appearing. Global offshore rig counts saw modest month-on-month gains in March, but is this short-term optimism indicative of longer-term prosperity?
What's included
This report contains
Table of contents
- Borr Drilling - Positioning for growth in a difficult market
Tables and charts
This report includes 2 images and tables including:
Images
- Global contracted rigs count
Tables
- Jackups included in the transaction
You may be interested in
Statoil corporate - reported results analysis
Total corporate report
CNOOC corporate - reported results analysis
Questions about this report?
-
Europe:+44 131 243 4699
-
Americas:+1 713 470 1900
-
Asia Pacific:+61 2 8224 8898