About Borr Drilling
Borr Drilling is a publicly listed company based in Oslo (Norway) founded in 2016. Drilling services are provided to oil and gas industries. Borr Drilling has raised $220 million across 3 funding rounds from investors including SLB. The company has 2,720 employees. Borr Drilling has completed 1 acquisition, including Paragon Offshore. Its chief executive, as recorded, is Patrick Schorn. Its website borrdrilling.com draws about 15 thousand monthly visits. Borr Drilling offers products and services including Jackup Drilling Services and Sustainability Reporting. Its focus areas include Energy and Oilfield Services.
Company details
Borr Drilling was founded in 2016 and is headquartered in Oslo, Norway. Offshore drilling services are offered by the company to exploration and production firms in the oil and gas sector. Operations involve the management of jack-up rigs for drilling activities in various international waters. Focus is placed on efficient resource extraction support within the energy industry.
- Headquarters Oslo, Norway
- Employees 2,720
- Stage Public
- SectorsEnergy & Utilities
- Website borrdrilling.com
- Social LinkedIn
- Legal Name Borr Drilling Limited
- Annual Revenue$1.02 B (USD)1.01as on Dec 31, 2025
- Net Profit$45 M (USD)-45.19as on Dec 31, 2025
- EBITDA$469.8 M (USD)-6.97as on Dec 31, 2025
- Total Equity Funding$220M (USD)
in 3 rounds
- Latest Funding Round$30M (USD), Post-IPO
Dec 2021
- Investors
- Employee Count2,720
- Investments & Acquisitions
Products & Services of Borr Drilling
Borr Drilling offers a comprehensive portfolio of products and services, including Jackup Drilling Services and Sustainability Reporting.
Services for oil and gas exploration are delivered in a quality and efficient manner
Reports on sustainability efforts are produced to address protection of the common future
Funding Insights of Borr Drilling
Borr Drilling has successfully raised a total of $220M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $30 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $220M
- Total Rounds 3
- Last Round Post-IPO — $30M
- First Round $220M
(Mar 2017)
- Investors Count 1
All 3 funding rounds of Borr Drilling with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $30M | Post-IPO | – | – | – |
| Sep 2020 | Post-IPO | – | – | – | |
| Mar 2017 | $220M | Series A | – | – |
1 investors in total: 1 institutional.
Investors in Borr Drilling
Borr Drilling has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include SLB.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | slb.com | United States |
Investor details for Borr Drilling
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People of Borr Drilling
51 people are tracked at Borr Drilling (24 in leadership, 5 in board & advisors, 22 in team); the tracked headcount is 2,720.
| Name | Role | Group |
|---|---|---|
Patrick Schorn | CEO | Leadership |
Magnus Vaaler | CFO | Leadership |
David Doig | Chief Electronic Technician | Leadership |
Calum Mitchell | Technical Director | Leadership |
Harvey Snowling | Chief Operating Officer | Leadership |
Jose Araujo | Head Of Finance | Leadership |
Darren Sutherland | Senior Vice President - Western Hemisphere | Leadership |
Vardans Saribekjans | Director Of IT | Leadership |
Nadia Durant | Vice President Of Tax | Leadership |
Ken Johnson | Director Of Operations Middle East & Asia | Leadership |
Neil MacLeod | International Tax Director | Leadership |
Chris Tindall | Finance Director | Leadership |
Ernest Freeman Jr. | Operations Director Europe & Africa | Leadership |
Pedro Camacho | Chief Mechanic | Leadership |
Karla Mothe | Senior VP Of Human Resources | Leadership |
Samantha Shiach | HR Director Talent Acquisition And Development | Leadership |
Bruno Morand | Chief Executive Officer | Leadership |
Jason Crowe | Senior Vice President - Commercial | Leadership |
Joseph Tobing | Vice President Legal | Leadership |
Andrew Brooks | Chief Electrician | Leadership |
31 more people are available in the full profile.
Complete people profiles for Borr Drilling
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IPO & Listings of Borr Drilling
Borr Drilling is a publicly listed company on the NYSE with ticker symbol BORR in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date19 Dec 2025
- Listed onOSLO BORS: MLESV
- Listed entityBorr Drilling Limited
- Exchange sectorIndustrial services
- ISINBMG1466R1732
- Share price$4.80 (-2.64% on the day) · 2026-10-13
- Market capitalisation$1.48B
- Price to earnings13.3
- EPS (diluted, trailing year)$-0.78
- Volume (last session)15,254,703
Financials of Borr Drilling
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $1.02B | $45.0M | $469.8M |
| 2024 | $1.01B | $82.1M | $505.0M |
| 2023 | $771.6M | $22.1M | $367.2M |
| 2022 | $443.8M | -$292.8M | $142.1M |
| 2021 | $245.3M | -$193.0M | $30.1M |
Detailed financial statements for Borr Drilling
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Borr Drilling
Borr Drilling has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Paragon Offshore.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Dairy products including milk, cream, butter, and cheeses are produced. | paragonoffshore.com | Houston, United States | 2014 | Feb 2018 | $232.5M |
Complete acquisition details for Borr Drilling
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Borr Drilling
5 dated milestones of Borr Drilling across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Borr Drilling is founded.
- Funding First funding round of $220.0M.
- Acquisition Acquires Paragon Offshore.
- Funding Latest funding round, Post-IPO, of $30.0M.
- IPO Lists on the stock exchange (IPO).
Web traffic of Borr Drilling
The website of Borr Drilling (borrdrilling.com) receives about 14.9K visits a month.
- Monthly visits14.9K
▼ 25.5% vs previous month
Websites whose visitors overlap most with Borr Drilling. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| oedigital.com | 100% | #394,093 | View details | ||
| brazilenergyinsight.com | 98% | #1,471,925 | View details | ||
| drillingcontractor.org | 91% | #1,322,137 | View details | ||
offshore-energy.biz | offshore-energy.biz | 91% | #158,057 | – | |
offshore-mag.com | offshore-mag.com | 55% | #452,792 | – |
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Frequently Asked Questions about Borr Drilling
Borr Drilling was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Borr Drilling is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Patrick Schorn is the CEO of Borr Drilling, as recorded in our data.
Borr Drilling is a funded company, having raised a total of $220M across 3 funding rounds to date. The company's 1st funding round was a Series A of $220M, raised on Mar 2017.
Borr Drilling has 2,720 employees.
Annual revenue of Borr Drilling is $1.02B as on Dec 31, 2025.
Borr Drilling was founded in 2016 and is headquartered in Oslo, Norway. Offshore drilling services are offered by the company to exploration and production firms in the oil and gas sector. Operations involve the management of jack-up rigs for drilling activities in various international waters. Focus is placed on efficient resource extraction support within the energy industry.
Borr Drilling offers Jackup Drilling Services and Sustainability Reporting.
Yes, Borr Drilling is publicly traded on NYSE under the ticker symbol BORR.
Borr Drilling has made 1 acquisition, including Paragon Offshore.
Borr Drilling has 1 investor. Key investors include SLB.
Borr Drilling operates through Borr Drilling.