Ran

escveritas
Site Admin
Posts: 3181
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Ran

Unread post by escveritas »

Borr Drilling Limited – Announcement of Letter of Award

20 January 2023

Borr Drilling Limited is pleased to announce that its premium jack-up drilling rig “Ran” has received a Letter of Award (“LOA”) from an undisclosed customer for work in Latin America. This award will cover a two wells campaign with an estimated duration of 200 days on a dry-hole case and up to 460 days on a success case. The work will commence in October 2023 and has an estimated contract value, including mobilization and demobilization fees, of USD $30.4 million on a dry-hole case.

The Ran is currently on a contract with Wintershall in Mexico which is expected to keep the rig committed until Q2 2023. The Company remains in constructive discussion with other customers in the region for further work to cover the available time between these two programs.
Post Reply

Return to “Borr Drilling”

Who is online

Users browsing this forum: No registered users and 2 guests