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Valaris scores multiple drilling deals

Valaris scores multiple drilling deals


Offshore driller Valaris has secured new contracts and extensions for its drilling units, according to the company’s latest fleet status report.

The New York-listed company has sealed a six-month extension from Shell offshore Nigeria for the 2017-built drillship Valaris DS-10. The rig will continue with Shell until April 2023 at an undisclosed dayrate.

New deals have also been announced for the jackup fleet. A three-year bareboat charter deal has been agreed with ARO Drilling for the 2016-built Valaris 141, starting in August this year.

In Indonesia, BP awarded a four-well extension to 2005-built Valaris 106, estimated at 360 days. Eight 90-day options remain attached to the deal.

In the US Gulf of Mexico, Talos booked the 2010-built Valaris 144 for a 30-day one-well campaign commencing in the fourth quarter of 2022 at $85,000 per day. Meanwhile, in Australia, an undisclosed operator has taken an option on the 2006-built Valaris 107, paying $112,000 per day for a 31-day one-well deal.

The company has also recently sold its 1981-built jackup Valaris 36, renamed Admarine IX, to ADES for $9m.

Read the latest issue of the OGV Energy magazine HERE

Published: 29-07-2022

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