Offshore drilling contractor Valaris, previously known as EnscoRowan, has secured new contracts and contract extensions with associated revenue backlog of approximately $245 million.
The contract for the Valaris DS-16 (Resolute) drillship with Fieldwood in the U.S. Gulf of Mexico has been extended by approximately 180 days. The extension is from March 2020 to September 2020 due to the exercise of a 90-day option. The extension will begin following the end of the contract term upon the completion of the well in progress.
The contract for the Valaris DS-7 drillship with Burullus offshore Egypt has been extended by approximately 165 days from October 2019 to mid-March 2020 due to the exercise of three one-well options.
The drillship Valaris DS-4 has been awarded a one-well contract with Amni offshore Ghana that is expected to start in early March 2020, with an estimated duration of 50 days.
The contract for the Valaris DPS-1 semi-submersible with Woodside offshore Australia has been extended by seven wells, with an estimated duration of 420 days from July 2020 to September 2021.
The Valaris JU-291 (Stavanger) jack-up has received a contract extension with Equinor offshore Norway by two wells, with an estimated duration of 208 days from January 2020 to August 2020.
As previously reported, the jack-up Valaris JU-248 (Gorilla VI) has been awarded a four-well contract with Neptune Energy in the North Sea that is expected to start in third quarter 2020, with an estimated duration of 492 days. Additionally, a previously disclosed contract with Premier Oil in the North Sea has been transferred to Valaris JU-248 from Valaris JU-121.
The jack-up rig Valaris JU-115 has won a two-month extension of its contract with Mubadala Petroleum offshore Thailand. The extension will run from January 2020 to March 2020.
Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.
Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.