Global and Regional MarketsNewsThe Offshore Frontier

Valaris awarded contract extensions from BP, TotalEnergies

Valaris has announced new contracts and contract extensions with an associated contract backlog of $181 million. Among them, BP awarded the company two-year contract extensions in the US Gulf of Mexico (GOM) for the managed rigs Mad Dog and Thunder Horse. The contract extensions were effective 27 January. Valaris also received a one-well contract extension from TotalEnergies for the drillship VALARIS DS-15 offshore Brazil. The option well is in direct continuation of the current firm program and has an estimated duration of 100 days.

ARO Drilling awarded a three-year contract with Saudi Aramco for the standard-duty modern jackup VALARIS 140. This contract relates to the previously disclosed three-year bareboat charter agreement between Valaris and ARO Drilling.

An eight-well contract for the VALARIS DS-11 in the GOM was novated from TotalEnergies to Equinor. No material changes to the contract resulted from eh novation. 

VALARIS 67 has been sold and retired from the offshore drilling fleet.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button