Borr Drilling awarded contract in Latin America for premium jack-up drilling rig
(WO) – Borr Drilling Limited received a new Letter of Award (LOA) for its “Ran” premium jack-drilling rig. The contract is for work in Latin America with an undisclosed customer.
The award covers two wells campaigns with an estimated duration of 200 days on a dry-hole case and up to 460 days on a success case. The contract value is estimated at $30.4 million on a dry-hole case, including mobilization and demobilization fees.
The “Ran” is currently on a contract with Wintershall in Mexico, where the rig will remain committed until Q2 2023.
