Valaris secures multiple new contracts and extensions

Valaris secures multiple new contracts and extensions

Offshore driller Valaris, formerly EnscoRowan, has announced new contracts and contract extensions worth around $100m.

Drillship Valaris DS-10 has had a one-year extension exercised by Shell in Nigeria, keeping the vessel contracted through to March 2021.

Additionally, jackup rig Valaris JU-107 has had its contract extended with the exercise of a one-well priced option with Chevron in Australia. The estimated duration is 30 days, from late February 2020 to late March 2020. The rig has also been awarded a two-well contract with Jadestone Energy in Australia, with an estimated duration of 115 days from June 2020 to September 2020.

Two other jackup rigs have also been awarded new contracts. Valaris JU-101 has been awarded a three-well contract by Ithaca Energy for operations in the North Sea, while Valaris JU-75 has sealed a one-well contract with Walter Oil & Gas in the U.S. Gulf of Mexico.

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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