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Valaris reports two-well contract extension

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a two-well contract extension with Equinor Energy AS offshore Norway.

The company said the contract is for Valaris JU-291 (Stavanger), a heavy-duty ultra-harsh environment jack-up.

The extension is for an estimated 120 days in direct continuation of the existing contract and, as a result, the company said the Valaris JU-291 is now expected to be under contract through February 2022.

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

Valaris Ltd: awarded two-well contract extension (File photograph)

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Published June 03, 2021 at 2:14 pm (Updated June 03, 2021 at 2:15 pm)

Valaris reports two-well contract extension

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