Recent Updates — BORR
Borr Drilling Limited provided an update on the Prospector 5 rig incident offshore Gabon. Of the 115 personnel on board at the time of the incident, 110 have returned ashore and are receiving care in Gabon. An underwater remotely operated vehicle located the bodies of three individuals, with recovery efforts underway. Extensive search and rescue operations continue for two individuals who remain unaccounted for. Approximately 280 cubic meters of marine diesel fuel were onboard at the time of the incident, and measures are being taken to mitigate environmental impact in coordination with the customer and local authorities. Borr Drilling Limited operates offshore drilling rigs.
Borr Drilling confirmed that its Prospector 5 drilling rig sank after a punch-through event during preload activities offshore Gabon on October 24, 2026. The incident occurred while the rig was preparing for a planned drilling campaign contracted to support BW Energy. Of the 115 personnel onboard at the time of the accident, 110 have been safely accounted for, but five individuals remain missing as extensive search and rescue operations continue. Borr Drilling has activated its onshore emergency response team and is coordinating with local authorities and its customer to address the situation.
Borr Drilling Limited announced operational updates and new contract commitments for its jack-up rigs. The Odin rig commenced drilling operations in the Americas on September 11, 2026, following acceptance testing offshore Texas. In Southeast Asia, the Idun was awarded a contract with an undisclosed operator in Vietnam for a three-well campaign estimated to last 130 days starting in Q4 2026. Additionally, ENI exercised a nine-month option on the Bestla rig in Europe, extending the contract through September 2027, with an additional fixed-price extension option available. Borr Drilling Limited is an international drilling contractor that owns and operates jack-up rigs to provide shallow-water offshore oil and gas services worldwide.