Borr Drilling Shares Drop After Rig Sinks Off Gabon
Borr Drilling shares fell sharply after its Prospector 5 rig sank off Gabon, resulting in casualties and threatening delays to upcoming oil production projects in the region.
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BORR DRILLING LTD shares fell Monday morning after its Prospector 5 rig sank off Gabon during drilling preparations. The incident killed one worker and left four missing, removing a booked asset from service. The sinking threatens to delay new oil production that BW ENERGY LTD targeted for early next year.
