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Borr Drilling presents major deficit after impairments from rig sale

Embattled rig company Borr Drilling books a large deficit for the second quarter but is still optimistic regarding the future.

Photo: Statoil/AP/Ritzau Scanpix

Rig company Borr Drilling reports incuring a net deficit of USD 165.3m in Q2 – a loss deepened with USD 114m compared to Q1.

The significant deficit is first and foremost due to impairments following a divestment of three newbuilt drilling platforms, the company writes in the interim financial statement.

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