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

To be the leading offshore drilling company

Mission

To apply talent, entrepreneurial spirit and commitment to performance throughout our modern fleet creating value for customers and investors

Values

Adaptability
Teamwork
Integrity
Commitment

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 2019 presents our sustainability activity in 2019 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 2019

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

Pål Kibsgaard

Chairman of the Board

Pål Kibsgaard has served as a Director and Chairman on our Board since October 2019. Mr. Kibsgaard is also a member of the Compensation Committee and a member of the Nominating and Governance Committee. Mr. Kibsgaard has held a variety of global senior management positions at Schlumberger Limited, including 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. Mr. Kibsgaard is currently the Chief Executive Officer of Katerra, a construction technology company located in California and has served as a director of Katerra for the past three years. 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 of America.
Previous directorships and management positions includes Schlumberger Limited (Chairman, CEO, COO), Reservoir Characterization Group (President).

Neil Glass

Director

Neil Glass has served as a Director on our Board since December 2019 and also serves as Chair of our Nominating and Governance Committee and is an Audit Committee Member. 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 is a Canadian citizen and a resident of Bermuda. Current directorships and management positions includes Borr Drilling Limited (Director, Nominating and Governance Committee, Chairperson and Audit Committee Member), 2020 Bulkers Ltd. (Director and Audit Committee Member), Golar LNG Partners LP (Director and Audit Committee Member), WW Management Limited (Owner and Director).

Alexandra Kate Blankenship

Director

Kate Blankenship has served as a Director on our Board and as Chair of our Audit Committee since February 2019. Mrs Blankenship also serves as Chair of the 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, Golar LNG Limited from 2003 to 2015, Golar LNG Partners LP from 2007 to 2015, Seadrill Limited from 2005 to 2018 and Seadrill Partners LLC from 2012 to 2018. Mrs. Blankenship is a United Kingdom citizen and resident.

Tor Olav Trøim

Director

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. Mr. Trøim is the founder and sole shareholder of Magni Partners. He 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, the sole shareholder of Drew. Mr. Trøim has 30 years of experience in energy related industries in various positions. Before founding Magni Partners in 2014, Mr. Trøim was a director of Seatankers Management Co. Ltd. from 1995 until September 2014. He 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. Current directorships and management positions includes Borr Drilling Limited (Director), Magni Partners (Bermuda) Limited (Founding Partner), Golar LNG Limited (Chairman), Golar LNG Partners LP (Chairman), Hygo Energy Transition Ltd. (Chairman), Stolt-Nielsen SA. (Director), Magni Sports AS (director), Vami AS (director) and Vålerenga Fotball AS (Director).

Georgina Sousa

Director

Georgina Sousa has served as a Director on our Board and our Company Secretary since February 2019. Ms. Sousa was employed by Frontline Ltd. as Head of Corporate Administration from February 2007 until December 2018. She previously served as a director of Frontline from April 2013 until December 2018, Ship Finance International Limited from May 2015 until September 2016, North Atlantic Drilling Ltd. from September 2013 until June 2018, Sevan Drilling Limited from August 2016 until June 2018, Northern Drilling Ltd. from March 2017 until December 2018 and FLEX LNG LTD. from June 2017 until December 2018. Ms. Sousa also served as a Director of Seadrill Limited from November 2015 until July 2018, Knightsbridge Shipping Limited (the predecessor of Golden Ocean Group Limited) from 2005 until 2015 and Golar LNG Limited from 2013 until 2015. Ms. Sousa served as Secretary for all of the abovementioned companies at various times during the period between 2005 and 2018. She served as secretary of Archer Limited from 2011 until December 2018 and Seadrill Partners LLC from 2012 until 2017. Ms. Sousa is a U.K. citizen and a resident of Bermuda.
Current directorships and management positions includes Borr Drilling Limited (Director and Secretary), Golar LNG Limited (Director & Secretary), Golar LNG Partners LP (Director & Secretary) 2020 Bulkers Ltd. (Director & Secretary), Hygo Energy Transition Ltd. (Secretary & Director.