Borr Drilling Limited (BORR) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.377 Good morning and thank you for joining Board Drilling's first quarter earnings call. 00:00:04.377 -- 00:00:09.744 I'm Bruno Moran and with me here today in Bermuda is Magnus Waller, our Chief Financial 00:00:09.744 -- 00:00:11.587 Officer. 00:00:11.587 -- 00:00:17.254 I'd like to remind all participants that certain statements made on this call are forward-looking 00:00:17.254 -- 00:00:21.880 and involve risks and uncertainties that could cause actual results to differ materially 00:00:21.880 -- 00:00:26.947 from those projected in these statements. For further details, please refer to 00:00:26.947 -- 00:00:29.275 our latest public findings. 00:00:29.275 -- 00:00:33.599 On today's call, I'll start with a review of the first quarter and key developments since 00:00:33.599 -- 00:00:38.845 quarter end. Magnus will then cover financial results, after which I'll return 00:00:38.845 -- 00:00:43.448 to discuss contract activity and our market outlook. 00:00:43.670 -- 00:00:48.495 Before I begin, I'd like to recognize our teams around the world for their continued 00:00:48.495 -- 00:00:52.239 commitment to safe and reliable operations. 00:00:52.239 -- 00:00:56.849 During the quarter, several rigs achieved important safety milestones. 00:00:56.849 -- 00:01:02.719 The GERD, NAT, and MIST each achieved seven years LTI-free, 00:01:02.719 -- 00:01:07.948 while the SAGA and the Arabia III reached six and three years respectively. 00:01:07.948 -- 00:01:13.077 The NORVA also attained two years recordable incident-free. 00:01:13.077 -- 00:01:17.845 These milestones reflect a strong safety culture across the organization, and I would 00:01:17.845 -- 00:01:23.812 like to thank all of my colleagues for their continued dedication to zero-harm operation...