Borr Drilling is an international shallow-water drilling contractor that owns and operates a fleet of modern jack-up rigs to provide drilling services to oil and gas exploration and production companies worldwide. The company contracts its self-elevating drilling platforms on a dayrate basis to customers—including major integrated oil companies, national oil companies, and independent producers—primarily for development drilling in major oil-producing regions across Southeast Asia, West Africa, the Americas, the Middle East, North Africa, and Europe. Borr generates revenue by charging customers a daily rate for rig operations, with contract terms ranging from several months to multiple years, while customers bear substantially all ancillary drilling costs and economic risk.