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
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 presents our sustainability activity in and our plans for the coming years.
You can read the reports 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
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.
Modern Slavery and Human Trafficing Statement (PDF)
Special Ethics obligations for Employees with Financial Reporting Responsibilities (PDF)
Management
Patrick Schorn
CEO and Director
Patrick Schorn became CEO of Borr Drilling in September 2020, and as a Director from October 2023. Mr. Schorn also served as a Director from January 2018 to September 2020. 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
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.
Jeffery Currie
Director
Jeffrey Currie has served as a Director of our Board since October 2023. Mr. Currie retired from Goldman Sachs in 2023 after a decorated 27-year career. For the last 15 years, he was a Partner and the Global Head of Commodities Research where he was responsible for conducting research on commodity market dynamics in the context of corporate risk management programs, short and long-term commodity investment strategies, and asset allocation. He also held roles as the European Co-Head of Economics, Commodities and Strategy Research between 2010 and 2012. Since his retirement, Jeff has joined the board of Abaxx Technologies and The University of Chicago’s Energy Policy Institute where he serves as the Chairman of the Advisory Board. Prior to joining Goldman Sachs, Mr. Currie taught undergraduate and graduate level courses in microeconomics and econometrics at The University of Chicago and served as the associate editor of Resource and Energy Economics. Jeff also worked as a consulting economist, specializing in energy and other microeconomic issues, and has advised many government agencies. Jeff earned a PhD in Economics from The University of Chicago in 1996.
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.
Dan Rabun
Director and Company Secretary
Dan Rabun has served as a Director of our Board since April 2023. Mr. Rabun has served on the Board of Directors and as a member of the Audit Committee and Governance and Nomination Committee of Golar LNG Ltd since February 2015 and served as the non-executive Chairman from September 2015 to September 2017. He has also served on the Board of Directors of APA Corporation (formerly known as Apache Corporation) since May 2015, where he is currently a member of the Corporate Responsibility, Governance, and Nominating Committee and the Audit Committee. In May 2018, Mr. Rabun became Chairman of the Board and a member of the Compensation Committee and Governance and Nominations Committee of ChampionX Corporation. Mr. Rabun also served as Ensco’s Chief Executive Officer and Chairman of the BOD from 2007 until May 2014. Mr. Rabun holds a Bachelor of Business Administration Degree in Accounting from the University of Houston and a Juris Doctorate Degree from Southern Methodist University and has been a certified public accountant since 1976. Mr. Rabun is a United States Citizen and a resident of Texas, U.S.A.
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).