Borr Drilling Limited (BDRILL) Announces Third Quarter 2018 Results
Hamilton, Bermuda, November 21, 2018: Borr Drilling Limited (“Borr” or the “Company”) announces results for the three and nine months ended September 30, 2018 Highlights in the third quarter 2018• Operating revenues of US$49.7 million, EBITDA of negative US$10.3 million and net loss of US$39.1 million• Technical utilisation for the operating rigs was 99.2%• The premium jack-up rig “Prospector 5” and the standard jack-up rig “C20051” commenced its new contracts in the quarter• Secured contract for the premium jack-up rig “Ran” for a 14 wells campaign of approximately 11 months