Borr eyes ramp-up in activity, collects $120mn in outstanding receivables from Mexico

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 21.May.2025, Words: 302) — Borr Drilling Limited averaged 16 active rigs out of its 24-rig fleet during the first-quarter 2025 (1Q:25). And, despite the lower activity level, operational performance remained robust, with technical utilization at 99.2% and economic utilization at 97.9% for its active rigs.

Looking forward to the 2Q:25, Hamilton, Bermuda-based Borr expects to see a meaningful ramp-up of activity.