Rigs and Vessels

Leading CEO believes orders for new shallow-water rigs will have to come

Newbuilds will be needed as one-third of the existing fleet is ageing and rig demand is strong

Borr Drilling chief executive, Patrick Schorn, at the Pareto energy conference in 2023.
Borr Drilling chief executive, Patrick Schorn, at the Pareto energy conference in 2023.Photo: Hedvig Idaas/DN
Norway CorrespondentOslo
Published 16 August 2024, 07:19Updated 16 August 2024, 08:14
OsloBorr DrillingOil and Natural Gas CorporationEuropeWestern Europe