Borr Drilling Reports Prospector 5 Rig Sinking Offshore Gabon with Five Personnel Unaccounted For

Borr Drilling Limited has confirmed that the Prospector 5 drilling rig sank offshore Gabon following a stability incident during jacking operations. Search and rescue operations remain ongoing for five missing individuals.

According to the company announcement issued on October 25, 2026, the incident occurred at approximately 20:37 local time on October 24, 2026. The rig was conducting preload activities in preparation for a planned drilling campaign under a contract with BW Energy.

Incident Details and Response

Preliminary information released by Borr Drilling indicates that the rig experienced a punch-through event during preload activities. This resulted in a loss of stability and the subsequent sinking of the structure.

• Personnel Onboard: A total of 115 individuals were on the rig at the time of the incident.
• Accounted For: 110 individuals have been safely accounted for.
• Missing Personnel: Five individuals remain unaccounted for, and extensive search and rescue operations are actively underway.

Borr Drilling's onshore emergency response team was activated immediately following the event. The company is coordinating its response with local authorities and its customer, BW Energy, to assist those affected and support the search operations.

Support and Practical Implications

The company stated that its overriding priority is the safety and wellbeing of all personnel and families affected.

• Family Assistance: Family members seeking information or assistance can contact the designated team at +44 (0)1224 087026.
• Regulatory Status: The initial disclosure was issued in accordance with section 5-12 of the Norwegian Securities Trading Act.

How to Verify Official Updates

Because this is an evolving situation reported through official corporate channels, stakeholders can verify further developments by checking:

• Official press release distributions via platforms like PR Newswire or Cision.
• Borr Drilling's official investor relations website and stock exchange filings on the NYSE and OSE (ticker: BORR).

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