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Sunday, May 27, 2018

Borr Drilling Cuts Jobs in Texas

Posted by April 23, 2018

Photo: Borr Drilling

Photo: Borr Drilling

Offshore rig operator Borr Drilling cut 66 jobs in Texas at the end of March, according to a state regulatory notice, as the company prepared to close on its purchase of Paragon Offshore.

The filing with the Texas Workforce Commission did not provide a reason for the layoffs.

A Borr representative was not immediately available for comment.

Borr, based in Oslo, Norway, offered to buy rival Paragon Offshore for $232.5 million in February and Paragon shareholders approved the deal on March 27. Borr's chief executive officer left the company last month, citing the acquisition of Paragon.

Reporting by Liz Hampton

NorwayTexasrig operator

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