Valaris awarded new contracts and extensions worth $245m

Valaris awarded new contracts and extensions worth $245m

Offshore driller Valaris, formerly EnscoRowan, has won a slew of new contracts and extensions over the past five weeks valued at around $245m in total.

Drillship Valaris DS-4 has been awarded a one-well contract with Amni offshore Ghana, estimated at around 50 days with commencement due March 2020. As reported yesterday by Splash, Valaris JU-248 (Gorilla VI) has been awarded a four-well contract with Neptune Energy in the North Sea.

The company has also been awarded several extensions.

Drillship Valaris DS-16 (formerly Resolute) has had a contract with Fieldwood in the US Gulf of Mexico extended by around 180 days from March 2020 to September 2020, while another drillship Valaris DS-7 has had its contract with Burullus offshore Egypt extended by around 165 days from October 2019 to mid-March 2020.

Semi-submersible rig Valaris DPS-1 has had its contract with Woodside offshore Australia extended by seven wells, with an estimated duration of 420 days through to September 2021, while jackup rig Valaris JU-291 (Stavanger) has also been given a two-well extension by Equinor for operations offshore Norway with an estimated duration of 208 days to August 2020

Lastly, Valaris JU-115 jackup rig has had its contract with Mubadala Petroleum, offshore Thailand, extended by two months from through to March 2020.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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