Offshore

Canceled and postponed contracts trigger new major loss for Borr Drilling

Borr Drilling's total losses in 2020 now approach a quarter of a billion dollars following new large deficit in the third quarter, in which low fleet utilization strained the company's financials.
Photo: PR/Transocean
Photo: PR/Transocean
by SØREN PICO

Drilling company Borr Drilling booked another significant million-dollar loss on its bottom line in the third quarter, in which low fleet utilization did not help matters.

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