Borr Drilling considers selling rigs following new loss

Rig company Borr Drilling, whose major shareholders include Tor Olav Trøim, exits the fourth quarter with a new major deficit. The firm mulls divesting both newer and older rigs.

Photo: PR/Transocean

Borr Drilling considers making divestments from its rig fleet after another tough quarter for the rig company, according to its annual report.

The company has been notorious since its establishment for buying up rigs.

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