Borr Drilling is an international drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry worldwide in water depths up to approximately 400 feet.
With a low cost base, a strong and experienced organisational culture, combined with a unique capital structure, Borr Drilling is built to make a difference.
Corporate Strategy
Borr Drilling´s ambition is to acquire and operate modern offshore drilling assets.
Borr Drilling’s strategy is to build a substantial fleet of jack-up rigs and establish itself as the preferred provider of drilling services in hydrocarbon basins around the world.
The Company currently operates a fleet of 16 jack-up drilling rigs. Further, we have 10 high-specification jack-up drilling rigs on order from Keppel FELS and and PPL Shipyard Pte Ltd with delivery dates ranging from Q2 2018 to Q4 2020. This fleet places Borr Drilling in the top five premium jack-up companies globally – with the youngest fleet.
QHSE
Borr Drilling is committed to protecting the health and safety of all our people and our contractors in all work activities.
We will:
- Continuously pursue the goal of zero harm to people, assets and the environment
- Promote active risk management to mitigate foreseeable hazards
- Ensure QHSE is integral in everything we do
- Provide information, instruction and training that is relevant to employees’ duties and responsibilities
- Strive for continuous improvement by setting clear objectives, performance monitoring and the encouragement of constructive feedback
Code of Conduct
Borr Drilling shall conduct its business with integrity, respecting the laws, cultures, and rights of individuals in all the countries in which we operate.
Business ethics are more than avoiding contravening laws. The Code of Conduct constitutes the basis upon which all our policies and procedures are built. The objective of the Code of Conduct is to describe Borr Drilling´s commitment and requirements regarding business practice and personal conduct. It defines the behaviour Borr Drilling expects of our employees and what they can expect of Borr Drilling. Everybody associated with Borr Drilling is responsible for following our Code of Conduct.
Management
Svend Anton Maier
CEO
Before joining Borr Drilling in December 2016, Svend Anton Maier worked for Seadrill between 2007 and 2016. He has more than three decades of experience within the oil and gas industry. Mr. Maier worked for leading drilling companies such as Transocean and Ross Offshore. He holds a degree in Marine Engineering from Tønsberg Maritime Academy, is a Norwegian citizen and lives in Dubai.
Rune Magnus Lundetræ
Deputy CEO & CFO
Before joining Borr Drilling in December 2016, Rune Magnus Lundetræ worked as Managing Director of DNB Markets. He previously worked at Seadrill Ltd for eight years, serving as CFO from 2012 to 2015. Mr. Lundetræ holds a M.Sc of Accounting and Finance from the Norwegian School of Business and Economics (NHH) and London School of Economics. He is a Norwegian citizen and lives in Oslo.
Board
Tor Olav Trøim
Chairman of the Board
Mr. Trøim has served as a Director since 12 December 2016. Mr. Trøim is founder and partner at Magni Partners UK. Mr. Trøim was Vice President and a director of Seadrill Limited between 2005 and 2014. Additionally between 1995 and 2014 he also served, at various times, as a director of a number of related public companies including Frontline Limited, Golden Ocean Group Limited, Archer Limited as well as Seatankers Management Limited. Prior to 1995 he served as an Equity Portfolio Manager with Storebrand ASA and Chief Executive Officer for the Norwegian Oil Company DNO AS. Mr. Trøim graduated as M.Sc Naval Architect from the University of Trondheim, Norway in 1985. Mr. Troim is a Norwegian citizen and a resident of London, UK.
Fredrik Halvorsen
Director
Mr. Halvorsen has served as a Director since 12 December 2016. Mr. Halvorsen founded and is currently building Ubon Partners AS, a private investment company focused on technology and growth companies. He was the Founder and Chairman of Acano until its sale to Cisco Systems in 2016 and earlier in his career the CEO of Tandberg until it was acquired by Cisco systems in 2010. He worked for Frontline Corporate Services Ltd from October 2010 until July 2013 and this capacity acted as transitional CEO and President of Seadrill Management UK Limited from January to July 2013. Mr. Halvorsen held senior positions at Cisco Systems Inc. as well as McKinsey & Company. Mr. Halvorsen graduated from the Norwegian School of Business Economics in 1997. Mr. Halvorsen is a Norwegian citizen and a resident of Oslo.
Jan Rask
Director
Mr. Rask has served as a Director since 31 August 2017. Mr. Rask has worked in the shipping and oil service industries for approximately 30 years. Mr. Rask possesses particular knowledge and experience in the offshore drilling industry and experience from finance, chartering and operations. He has held a number of executive positions including president, CEO and Director of TODCO; Managing Director, Acquisitions and Special Projects, of Pride International; President, CEO and a director of Marine Drilling Companies; President and CEO of Arethusa (Off-Shore) Limited. Mr. Rask holds a Bachelor degree from Stockholm School of Economics and Business Administration. Mr. Rask is a US citizen.
Patrick Schorn
Director
Mr. Schorn is the Executive Vice President of New Ventures for Schlumberger Limited. Prior to his current role, he held various global management positions including President of Operations for Schlumberger Limited; President Production Group; President of Well Services; President of Completions; and GeoMarket Manager Russia. He began his career with Schlumberger in 1991 as a Stimulation Engineer in Europe and held various management and engineering positions in France, United States, Russia, US Gulf of Mexico and Latin America. Mr. Schorn holds a Bachelor of Science degree in Oil and Gas Technology from the University “Noorder Haaks” in Den Helder, the Netherlands.