Valaris secures $84m worth of contracts

Valaris secures $84m worth of contracts

UK-based offshore driller Valaris, formerly known as Ensco Rowan, has secured a series of new contracts and extensions with total value of around $84m.

Eni has extended the contract of semi-submersible drilling rig Valaris 8505, offshore Mexico, by three wells with an estimated duration of 225 days from February 2020 to September 2020.

Six of the company’s jackup rigs also received new contracts.

Valaris JU-290 has been awarded a contract to provide accommodation services with Repsol offshore Norway that is expected to commence in September 2019, with an estimated duration of 130 days. Valaris JU-248‘s contract with Shell offshore Trinidad has been extended by one month from September to October this year. Valaris JU-247 secured a contract extension of eight months with Total in the North Sea from March 2020 to November 2020. Valaris JU-117‘s contract with an undisclosed operator offshore Trinidad has been extended by two wells, with an estimated duration of 60 days from December 2019 to February 2020. Lastly, Valaris JU-87 has been awarded a one-well contract by McMoRan Oil & Gas in the U.S. Gulf of Mexico which is expected to commence in August, with an estimated duration of 30 days.

Esco Rowan, the offshore drilling giant formed from a $12bn combination of Ensue and Rowan Companies completed earlier this year, changed its name to Valaris in July.

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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