#Bermuda #Hamilton #Borr Drilling #jack-up rigs #Arabian Gulf

Borr Drilling Provides Operational Update on Arabian Gulf Operations

Borr Drilling Limited, an international drilling contractor listed on the NYSE and the Euronext Growth Oslo, has announced an operational update based on the recent developments concerning safety in the Arabian Gulf. This announcement comes in light of the ongoing regional tensions that have affected operations.

Current Operations Overview

As of the latest report, Borr Drilling has four jack-up rigs deployed in the Arabian Gulf, specifically one in Saudi Arabia, one in the UAE, and two in Qatar. Due to the escalated security concerns, the company has implemented precautionary measures. Three rigs located in Qatar and the UAE were down manned as a safety protocol as of last week.

On March 7, 2026, Borr Drilling's rig, Arabia III, faced an incident caused by activity on a customer-operated platform. In response to the situation, the rig was safely shut down, and all personnel aboard were successfully evacuated without incident. This ensured the safety and wellbeing of the employees, which is the company's foremost priority.

Commitment to Employee Safety

Bruno Morand, CEO of Borr Drilling, emphasized the importance of personnel safety, stating, "First and foremost, ensuring the safety and wellbeing of our personnel is our highest priority. All employees in the region are safe and accounted for." He further assured stakeholders that operations would remain on standby until it is safe to resume activities. This cautious approach underlines the company’s commitment to its workforce amid challenging circumstances.

Continued Monitoring and Communication

Borr Drilling is actively monitoring the situation in the Arabian Gulf and is in continuous communication with its clients and other stakeholders within the region. The company asserts that all four rigs currently under contract remain insured and are being managed diligently during this period of uncertainty. The operational stance will be reassessed as developments unfold, with further updates promised if significant changes occur.

About Borr Drilling

Founded in 2016 and headquartered in Bermuda, Borr Drilling Limited specializes in drilling operations, with a focus on providing high-specification jack-up rigs for shallow-water segments in the offshore oil and gas industries worldwide. The company has been trading publicly on the New York Stock Exchange since 2019 and continues to expand its influence in global drilling operations. For more information, visit their official website at www.borrdrilling.com.

Conclusion

As tensions in the Arabian Gulf evolve, Borr Drilling’s proactive measures demonstrate a strong commitment to safeguarding its employees and maintaining clear communication with its stakeholders. The ongoing situation underscores the complexities faced by companies operating in politically sensitive areas, necessitating a balance between operational continuity and personnel safety.