Built to make a difference

Our modern fleet of rigs and capable organisation will deliver safe and high quality drilling operations to our customers.

Borr Drilling Limited is an international drilling contractor incorporated in Bermuda in 2016 and listed on the Oslo Stock Exchange from August 30, 2017 and New York Stock Exchange from July 31, 2019 under the ticker BORR. The company 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.

Our Vision & Values

Vision

Mission

Values

Vision

Mission

Values

We are Borr Drilling

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 modern jack-up drilling rigs from yards such from Keppel FELS and PPL Shipyard Pte Ltd. and is one of the largest premium jack-up companies globally – with the youngest fleet.

Sustainability

It is Borr Drilling’s ambition to be a sustainability leader in the offshore drilling community. One of the first steps on this journey has been to create our Sustainability Strategy and Program.

Our Sustainability Strategy focuses on three areas:

Invest to reduce our environmental impact and to increase our positive effect on society
Establish and integrate sustainability into our way of doing business
Identify opportunities for adaption to the energy transition

The Borr Drilling Sustainability Report 2020 presents our sustainability activity in 2020 and our plans for the coming years.

You can read the report here.

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

Occupational Health and Safety Policy

Quality Policy

Environmental Policy

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.

Code of Conduct (PDF)

Modern Slavery and Human Trafficing Statement (PDF)

Special Ethics obligations for Employees with Financial Reporting Responsibilities (PDF)

Corporate Governance Report 2020

Management

Patrick Schorn

CEO

Patrick Schorn became CEO of Borr Drilling in September 2020, after serving as a director since January 2018. Mr. Schorn was previously the Executive Vice President of Wells for Schlumberger Limited. Prior to this 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.

Magnus Vaaler

CFO

Magnus Vaaler became CFO of Borr Drilling in December 2020 from the position as VP Investor Relations and Treasury. Mr Vaaler has been working in the Company’s Finance department since January 2018 with Treasury, Finance and Investor relations. Mr. Vaaler brings many years of finance, oil and offshore industry experience from three years as VP Finance in “Offshore Merchant Partners”, a portfolio company of Hitecvision, and seven years as Treasurer and VP Finance in Frontline Ltd., listed on NYSE and OSE. Mr. Vaaler holds a Bachelor of Commerce degree from University College
Dublin.

Board

Tor Olav Trøim

Chairman of the Board

Tor Olav Trøim has served as a Director on our Board since our incorporation and was our founder. He served as the Chairman of the Board from August 2017 until September 2019 and was appointed Chairman of the Board again in February 2022. Mr. Trøim is the founder and sole shareholder of Magni Partners and is the senior partner (and an employee) of Magni Partners’ subsidiary, Magni Partners Limited, in the U.K. Mr. Trøim is a beneficiary of the Drew Trust, and the sole shareholder of Drew Holdings Limited. Mr. Trøim has over 30 years of experience in energy related industries serving in various positions. Before founding Magni Partners in 2014, Mr. Trøim was a Director of Seatankers Management Co. Ltd. from 1995 until September 2014, was the Chief Executive Officer of DNO AS from 1992 to 1995 and an Equity Portfolio Manager with Storebrand ASA from 1987 to 1990. Mr. Trøim graduated with an MSc degree in naval architecture from the University of Trondheim, Norway in 1985. Mr. Trøim is a Norwegian citizen and a resident of the United Kingdom. Other directorships and management positions include, Magni Partners (Bermuda) Limited (Founding Partner), Golar LNG Limited (Chairman), Golar LNG Partners LP (Chairman) (until April 15, 2021), Hygo Energy Transition Ltd (Chairman) (until April 15, 2021), Stolt-Nielsen SA. (Director), Magni Sports AS (Director) and Vålerenga Fotball AS (Director).

Neil Glass

Director

Neil Glass has served as a Director on our Board since December 2019 and also serves as an Audit Committee Member and chairs our Nominating and Governance Committee. Mr. Glass worked for Ernst & Young for 11 years: seven years with the Edmonton, Canada office and four years with the Bermuda office. In 1994, he became General Manager and in 1997 the sole owner of WW Management Limited, tasked with overseeing the day-to-day operations of several international companies. Mr. Glass has over 20 years’ experience as both an executive director and as an independent non-executive director of international companies. Mr. Glass is a member of both the Chartered Professional Accountants of Bermuda and of Alberta, Canada, and is a Chartered Director and Fellow of the Institute of Directors. Mr. Glass graduated from the University of Alberta in 1983 with a degree in Business. Mr. Glass also serves as a Director and Audit Committee Chair of Cool Company Ltd., Director and Audit Committee Member of 2020 Bulkers Ltd and Golar LNG Partners LP (until April 15, 2021). Mr. Glass is a Canadian citizen and a British Overseas Territories citizen and is a resident of Bermuda.

Alexandra Kate Blankenship

Director

Kate Blankenship has served as a Director on our Board and as Chair of our Audit Committee since February 26, 2019 as well as serves on our Compensation Committee. Mrs. Blankenship is a member of the Institute of Chartered Accountants in England and Wales and graduated from the University of Birmingham with a Bachelor of Commerce in 1986. Mrs. Blankenship joined Frontline Ltd in 1994 and served as its Chief Accounting Officer and Company Secretary until October 2005. Among other positions, she has served on the board of numerous companies, including as Director and Audit Committee Chairperson of North Atlantic Drilling Ltd. from 2011 to 2018, Archer Limited from 2007 to 2018, Golden Ocean Group Limited from 2004 to 2018, Frontline Ltd. from August 2003 to 2018, Avance Gas Holding Limited from 2013 to 2018, Ship Finance International Limited from October 2003 to 2018, Seadrill Limited from 2005 to 2018 and Seadrill Partners LLC from 2012 to 2018. Mrs Blankenship also serves as a Director of 2020 Bulkers Ltd and International Seaways Inc. Mrs Blankenship is a United Kingdom citizen and resident.

Pål Kibsgaard

Director

Pål Kibsgaard has served as Deputy Chairman on Board since February 2022 having previously held the position of Chairman on our Board of Directors from October 2019 until February 2022 In addition, Mr. Kibsgaard, has and continues to serve on our Nominating and Governance Committee. Mr. Kibsgaard has held a variety of global senior management positions at Schlumberger Limited, including the Chairman and CEO, COO, President of the Reservoir Characterization Group, Vice-President of Engineering, Manufacturing and Sustaining and Vice-President of Human Resources. Earlier in his Schlumberger career, Mr. Kibsgaard was a Geomarket Manager for the Caspian region after holding various field positions in sales, marketing and customer support. Most recently, Mr. Kibsgaard held the Chief Executive Officer position at Katerra, a US construction technology company. Mr. Kibsgaard holds a Masters degree from the Norwegian Institute of Technology and is a petroleum engineer. Mr. Kibsgaard is a Norwegian citizen and a resident of the United States.

Mi Hong Yoon

Director and Company Secretary

Mi Hong Yoon joined the Company as a Director on our Board and as our Company Secretary on March 1, 2022. Ms. Yoon is a Managing Director of Golar Management (Bermuda) Limited since February 2022. Prior to this role, she was employed by Digicel Bermuda as Chief Legal, Regulatory and Compliance Officer from March 2019 until February 2022 and also served as Senior Legal Counsel of Telstra Corporation Limited’s global operations in Hong Kong and London from 2009 to 2019. She has extensive international legal and regulatory experience and is responsible for the corporate governance and compliance of the Company. Ms. Yoon graduated from the University of New South Wales with a Bachelor of Law degree (LLB) and earned a Master’s degree (LLM) in international economic law from the Chinese University of Hong Kong. She is a member of the Institute of Directors and has held several director positions over the years. Ms. Yoon is an Australian citizen and a resident of Bermuda. Current directorships and management positions include 2020 Bulkers Ltd. (Director and Secretary) and Cool Company Ltd. (Director).