Dan Katz's questions to Borr Drilling Ltd (BORR) leadership • Q2 2025
Question
Dan Katz of Morgan Stanley inquired about emerging opportunities in shallow water, specifically related to gas activity, and asked about trends in the type of work the fleet is performing, such as development versus exploration.
Answer
Incoming CEO Bruno Marsan confirmed that a sizable portion of the fleet is engaged in gas-related work, highlighting projects in Congo and the North Sea. He explained that while the majority of the company's work is development in mature fields, there has been a noticeable uptick in investment for exploration projects, particularly in Asia and West Africa. Marsan affirmed that Boar's fleet is well-positioned to handle both development and exploration work as investment trends evolve.