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CEO Anthony Petrello hails the impact of the investment

Offshore drilling company said he will report to Simon Johnson, president and chief executive officer

The company updated its full-year market guidance, with the adjusted ebitda range now $485 million to $505 million

Revenues for the offshore drilling services company increase to $455 million from $415 million in the second quarter

Bermudian-based company is the owner and operator of mid-sized crude-oil tankers

Results included an $8 million charge related to mark-to-market treatment of Nabors warrants

New director is founding partner of a major investor in the oil services holding company

The Bermudian-based oilfield services company said the total estimated contract value is $211 million

To date in 2023, Borr has been awarded seven new contracts and six extensions to existing contracts representing 2,613 days and $376 million of potential revenue

The profit in Q2 compares with net income of $43 million in the first quarter of the year

The company said the contract is for one well plus one optional well, and is expected to commence in the second quarter of 2024

Total operating revenues in the quarter were $266 million, a 17 per cent increase over the prior quarter