April 23, 2018 / 3:52 PM / a month ago

Offshore rig operator Borr Drilling cuts jobs in Texas

HOUSTON (Reuters) - Offshore rig operator Borr Drilling (BDRILL.OL) cut 66 jobs in Texas at the end of March, according to a state regulatory notice, as the company prepared to close on its purchase of Paragon Offshore.

The filing with the Texas Workforce Commission did not provide a reason for the layoffs.

    A Borr representative was not immediately available for comment.

    Borr, based in Oslo, Norway, offered to buy rival Paragon Offshore for $232.5 million in February and Paragon shareholders approved the deal on March 27. Borr’s chief executive officer left the company last month, citing the acquisition of Paragon.

    Reporting by Liz Hampton; Editing by Richard Chang

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