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Borr Drilling optimistic about chances of winning Saudis back

A contract in Saudi Arabia has been suspended despite a positive first quarter, but the CEO is confident it will be resumed.
"The first quarter results have been strong, driven by solid operational performance,” explains Borr Drilling CEO Patrick Schorn in the quarterly report. | Photo: Statoil/AP/Ritzau Scanpix
"The first quarter results have been strong, driven by solid operational performance,” explains Borr Drilling CEO Patrick Schorn in the quarterly report. | Photo: Statoil/AP/Ritzau Scanpix
by LIV ALMER

Borr Drilling has almost halved its profits in the first three months of the year, resulting in a bottom line of USD 14.4m, according to the company’s quarterly report.

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