Valaris to drill down on offshore well contracts

Bermuda-based Valaris Ltd, the offshore drilling services company, has been awarded one-well contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao Tome and Principe, respectively, for the drillship, Valaris DS-10.

The company said the precise timing of the first contract is to be confirmed, but is expected to commence in the fourth quarter of 2021.

The Sao Tome and Principe contract will follow on directly from the Namibia contract.

The contracts have an estimated duration of 60 days each.

Valaris operates a diverse rig fleet of 11 ultra-deepwater drillships, five semi-submersibles and 44 shallow-water jack-ups across six continents.

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