Key Highlights

  • Borr Drilling (NYSE:BORR) said 110 of the 115 personnel on board Prospector 5 are safe and accounted for.
  • Search and rescue operations continue for five individuals who remain unaccounted for.
  • Those accounted for are being brought ashore in Gabon, where care and support is provided.
  • The company is working with partners and authorities on an investigation into the cause.

Borr Drilling Limited (NYSE:BORR) issued an update on 26 October 2026 on the incident involving its Prospector 5 rig offshore Gabon, which the company first announced on 25 October. Of the 115 personnel on board, 110 are safe and accounted for, and search and rescue operations are continuing for the five people who remain unaccounted for.

Personnel Status

Borr Drilling reported that the 110 people accounted for are being brought ashore in Gabon, where care and support is being provided. The company said it is in contact with the families of the missing personnel. Extensive marine and air search and rescue operations remain under way.

Family members seeking information or assistance can contact the company's team on +44 (0)1224 087026.

The release states that the incident was first announced on 25 October 2026 and that this update, issued on 26 October, relates to the Prospector 5 rig offshore Gabon. The count of 115 personnel on board is the figure the company uses as the basis for its numbers. Of these, 110 are described as safe and accounted for, which leaves the five individuals for whom search operations continue.

Response, Investigation and Company Background

Borr Drilling's onshore emergency response team is working with local authorities and its customer to respond to the incident, support those affected and continue the search. The company said it is working with partners and authorities to ensure a thorough investigation is carried out into the cause of the incident. It added that the immediate and overriding priority remains the search and rescue effort, including assisting the authorities and specialists leading it.

The update does not describe the nature or cause of the incident, the condition of the rig, or any operational or financial effect on the company.

The release is an operational update issued through PRNewswire and Cision from Hamilton, Bermuda, where Borr Drilling is based. The company is also listed on the Oslo Stock Exchange under the ticker BORR. It follows the initial notice issued the previous day and is the second communication on the incident.

Borr Drilling provides contract drilling services and is listed on the New York Stock Exchange and the Oslo Stock Exchange under the ticker BORR. The release did not include any financial information, commentary on contracts or guidance on operational consequences.

Why This Could Matter

The update gives the first numerical account of personnel status: 110 of 115 are accounted for and five are not. The company has not provided information on the rig's condition, the cause or any financial impact, and it states that the investigation is at an early stage. Any later statements would add detail on those points.

The Bottom Line

Borr Drilling reports that 110 people from Prospector 5 are safe and being brought ashore in Gabon, that five are still missing and that the search continues alongside an investigation to be conducted with authorities.