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Borr Drilling negotiates with creditors after another major deficit

Borr Drilling is negotiating with its creditors to find a solution that can safeguard it until 2022, even in a scenario without further contracts, informs the company in an update. The company books a large deficit in the first quarter of the year.

Photo: PR/Transocean

Borr Drilling is busy renegotiating with its creditors to find a solution that can ensure the company's survival in the coming years, even in a scenario without further contracts, the company informs in an unaudited trading update, published Wednesday.

In the trading update, Borr Drilling reports a USD 87 million deficit for the first three months of the year.

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