Page 23: of Marine Technology Magazine (April 2017)

Start-up Spirit New Rig Company

Near Oslo, a handful of offshore startups entered the fray New rig entity Borr Drilling — formed by Tor Olav Troim, just as the still-painful downturn was at its gloomiest. Part of a former business associate of ship and rig mogul, billionaire an incubating program called Techmakers, these startups are John Fredriksen — is extra bullish on Onshore. Borr will pay being carefully watched by operators Statoil and Lundin as $1.35 billion to buy Transocean’s 15 jack-up rigs, including well as supplier-contractors Aker, Kongsberg, TechnipFMC associated debt,