Valaris Limited Unveils Offshore Drilling Powerhouse: Contract Triumphs and Fleet Advancements
✳ Key Highlights
◽Floaters Contract Awards: ▪ VALARIS DS-4: Secured a 1,064-day contract with Petrobras in Brazil, valued at approximately $519 million. ▪ VALARIS DS-16: Bagged a two-year contract extension with Anadarko Petroleum Corporation in the U.S. Gulf of Mexico, cementing its position as a trusted partner in the region’s energy frontier. ▪ VALARIS DS-17: Equinor offshore Brazil exercises a 60-day priced option, reinforcing Valaris’ dominance in the Brazilian offshore market.
◽Jackup Contract Awards: ▪ VALARIS 120: Harbour Energy extends its contract in the UK North Sea for three years. ▪ VALARIS Stavanger: Secured a rig contract with TotalEnergies in the UK North Sea. ▪ VALARIS 121: Shell exercises two one-well-priced options, underscoring Valaris’ status as the go-to provider for innovative drilling solutions.
◽Additional Fleet Status Updates: ▪ VALARIS DS-8: Commenced a three-year contract with Petrobras in Brazil, reinforcing Valaris’ long-standing partnership. ▪ Newbuild Drillships DS-13 and DS-14: Valaris exercises options and takes delivery of these cutting-edge rigs, positioning them strategically for future deployment and industry-leading performance.
This groundbreaking series of contracts and fleet updates solidifies Valaris Limited’s position as a trailblazer in offshore drilling.
Read the full Fleet Status Report here: https://lnkd.in/egqRbcbG