Oslo-listed Borr Drilling has been awarded a fresh contract for its premium jack-up rig Ran from an undisclosed operator for work in Latin America.

The Ran is currently on hire with Germany’s Wintershall Dea offshore Mexico, which is expected to keep the rig committed until the second quarter of 2023.

According to Borr, the new award will cover a two-well campaign with an estimated duration of 200 days on a dry-hole case and up to 460 days on a success case.