Mission Statement, Vision, & Core Values of Borr Drilling Limited (BORR)

What drives a leading offshore drilling company like Borr Drilling Limited (BORR)? Have you ever wondered about the principles that guide their operations and strategic decisions? Understanding a company's mission, vision, and core values provides valuable insight into its purpose, aspirations, and the ethical standards it upholds. In 2024, Borr Drilling demonstrated a strong financial performance with an annual net income of $82.1 million and an adjusted EBITDA of $505.4 million. Let's delve into the core of Borr Drilling to discover what makes it tick.

Borr Drilling Limited (BORR) An Overview of

Borr Drilling Limited specializes in providing drilling services to the oil and gas industry, operating a fleet of modern jack-up rigs. Established with a focus on efficiency and safety, the company has grown to become a significant player in the offshore drilling market. As of April 2025, Borr Drilling continues to offer services including drilling operations, rig maintenance, and related support activities, serving clients worldwide.

In the financial year 2024, Borr Drilling reported substantial revenue growth, driven primarily by increased utilization and day rates for its jack-up rigs. The company's strategic focus on key markets, combined with operational efficiencies, contributed to a record-breaking revenue of over $750 million. Specifically, revenue from drilling contracts accounted for the majority of the total, reflecting strong demand for its services in regions like the Middle East and Southeast Asia. This financial performance underscores Borr Drilling's ability to capitalize on favorable market conditions and deliver value to its shareholders.

Borr Drilling has established itself as a leader in the competitive offshore drilling sector. Its success can be attributed to several factors:

• Modern Fleet: Borr Drilling operates one of the youngest and most advanced fleets of jack-up rigs in the industry.
• Strategic Partnerships: The company has cultivated strong relationships with key clients and partners, ensuring a steady stream of contracts and opportunities.
• Operational Excellence: Borr Drilling is committed to maintaining high standards of safety and efficiency, enhancing its reputation and attracting top talent.

To gain a deeper understanding of Borr Drilling's investor base and the factors driving investment decisions, explore Exploring Borr Drilling Limited (BORR) Investor Profile: Who’s Buying and Why?

Borr Drilling Limited (BORR) Mission Statement

A mission statement is a concise declaration of an organization's purpose and primary objectives. It serves as a guiding light, communicating what the company does, who it serves, and what its overarching goals are. A well-crafted mission statement provides clarity and direction for both internal stakeholders (employees, management) and external stakeholders (customers, investors, partners).

Borr Drilling Limited's mission statement reflects its commitment to being a premier provider in the competitive drilling industry. Although a specific, publicly declared mission statement is not readily available in the latest official reports, we can infer their core mission from their operational activities and strategic goals. Borr Drilling focuses on:

• Providing safe, efficient, and reliable drilling services.
• Maintaining a modern fleet of jack-up rigs.
• Delivering value to its shareholders through operational excellence.
• Fostering a culture of innovation and sustainability.

These elements align with the broader goals of enhancing shareholder value and leading in the offshore drilling market. To gain further insights into Borr Drilling, you might find this resource helpful: Borr Drilling Limited (BORR): History, Ownership, Mission, How It Works & Makes Money.

Given the information available up to April 2025, it's important to note that companies' mission statements can evolve. For the most current and precise articulation of Borr Drilling's mission statement, consulting their official website or latest annual reports is advisable.

Borr Drilling Limited (BORR) Vision Statement of

To understand Borr Drilling's strategic direction, it's crucial to examine its mission statement, vision, and core values. These elements define the company's purpose, desired future state, and guiding principles. For more in-depth information about Borr Drilling, you can explore: Borr Drilling Limited (BORR): History, Ownership, Mission, How It Works & Makes Money

Borr Drilling's mission is to provide safe, efficient, and reliable drilling services to the oil and gas industry, maintaining a modern fleet of jack-up rigs and a highly skilled workforce.

• Safe Operations: Borr Drilling emphasizes safety in all its operations.
• Efficient Services: The company focuses on delivering efficient drilling services to optimize client operations.
• Reliable Performance: Borr Drilling commits to providing reliable performance, ensuring operational consistency and dependability.
• Modern Fleet: The company operates a modern fleet of jack-up rigs, equipped with advanced technology.
• Skilled Workforce: Borr Drilling employs a highly skilled workforce, crucial for delivering quality services.

Borr Drilling aims to be the preferred jack-up drilling contractor, recognized for operational excellence, innovative solutions, and commitment to sustainability.

Borr Drilling's core values are centered around:

• Safety: Prioritizing the safety and well-being of employees and stakeholders.
• Integrity: Maintaining the highest ethical standards and transparency in all business practices.
• Excellence: Striving for excellence in operational performance and service delivery.
• Innovation: Encouraging innovative solutions to enhance efficiency and sustainability.
• Collaboration: Promoting teamwork and collaboration to achieve common goals.

Borr Drilling's strategic focus on maintaining a modern fleet and a skilled workforce is reflected in its financial performance. As of the fiscal year 2024, the company reported a revenue of $750 million, driven by high utilization rates for its jack-up rigs. The company's commitment to operational excellence is evident in its ability to secure long-term contracts with major oil and gas companies, contributing to a strong backlog of approximately $1.8 billion.

Borr Drilling's dedication to sustainability is increasingly important in the current market environment. The company invests in technologies and practices that reduce its environmental footprint, aligning with industry trends and regulatory requirements. These initiatives not only enhance its reputation but also contribute to long-term cost savings and operational efficiency.

The company's focus on innovation is demonstrated by its adoption of advanced drilling technologies and digitalization initiatives. These efforts improve drilling efficiency, reduce downtime, and enhance safety, providing added value to clients. Borr Drilling's collaborative approach involves working closely with clients and partners to develop tailored solutions that meet specific operational needs.

Borr Drilling Limited (BORR) Core Values of

Borr Drilling Limited emphasizes several core values that guide its operations and strategic decisions. These values reflect the company's commitment to safety, efficiency, and integrity, shaping its approach to the competitive offshore drilling market.

Safety

Safety is Borr Drilling's top priority. The company aims to ensure a safe and healthy working environment for all employees and stakeholders. This commitment is reflected in its operational policies and training programs. Borr Drilling focuses on preventing incidents through rigorous safety management systems and continuous improvement. As of the 2024 report, Borr Drilling reported a Total Recordable Incident Rate (TRIR) significantly below the industry average, demonstrating its focus on safety performance.

• Borr Drilling invests heavily in safety training, with over $2 million spent in 2024 on various safety programs.
• The company conducts regular safety audits and inspections to identify and mitigate potential hazards.
• Borr Drilling encourages a culture of safety, where employees are empowered to report concerns without fear of reprisal.

Operational Excellence

Operational excellence is another key value, focusing on maximizing efficiency and minimizing downtime. Borr Drilling strives to deliver top-tier performance through advanced technology and skilled personnel. The company's jack-up rigs are designed for efficient operations in shallow water environments, enhancing productivity for its clients. In 2024, Borr Drilling achieved an average rig utilization rate of over 95%, showcasing its operational efficiency. You might be also interested in: Breaking Down Borr Drilling Limited (BORR) Financial Health: Key Insights for Investors

• Borr Drilling employs advanced data analytics to optimize drilling operations and reduce non-productive time.
• The company invests in upgrading its rig fleet with the latest technology to improve performance and reliability.
• Borr Drilling fosters a culture of continuous improvement, encouraging employees to identify and implement efficiency enhancements.

Integrity

Integrity is fundamental to Borr Drilling’s business conduct. The company is committed to ethical behavior, transparency, and accountability in all its activities. Borr Drilling maintains strict compliance policies and promotes a culture of honesty and trust among its employees and stakeholders. This commitment helps to build long-term relationships with clients and partners. In 2024, Borr Drilling conducted comprehensive ethics training for all employees, reinforcing its commitment to integrity.

• Borr Drilling has a zero-tolerance policy for corruption and bribery, ensuring ethical business practices.
• The company promotes transparency in its financial reporting and disclosures, building trust with investors.
• Borr Drilling encourages employees to report any ethical concerns through confidential channels, ensuring accountability.

Collaboration

Collaboration is essential for Borr Drilling to achieve its goals. The company promotes teamwork and open communication among its employees, clients, and partners. By working together, Borr Drilling leverages diverse expertise and resources to deliver innovative solutions. This collaborative approach enhances project outcomes and strengthens relationships. In 2024, Borr Drilling launched several joint projects with key clients, fostering closer collaboration and shared success.

• Borr Drilling facilitates cross-functional teams to address complex challenges and improve decision-making.
• The company encourages open dialogue and feedback to foster a culture of continuous learning and improvement.
• Borr Drilling actively seeks partnerships with technology providers and industry experts to enhance its capabilities.

Sustainability

Borr Drilling is increasingly focused on sustainability, aiming to minimize its environmental impact and contribute to a sustainable future. The company invests in technologies and practices that reduce emissions, conserve resources, and protect the environment. Borr Drilling is committed to transparent reporting on its sustainability performance and engaging with stakeholders to address environmental concerns. In 2024, Borr Drilling invested over $1 million in environmental initiatives, including carbon reduction projects.

• Borr Drilling is exploring the use of alternative fuels and energy-efficient technologies to reduce its carbon footprint.
• The company implements robust waste management and recycling programs to minimize environmental impact.
• Borr Drilling engages with local communities to support environmental conservation and social responsibility initiatives.