Valaris (VAL) Adds $1B Backlog From Drillship & Jackup Deals
Valaris (VAL) adds contract extensions and new deals worth $1.14 billion at attractive high-day rates, leading to a positive outlook.
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Valaris (VAL) adds contract extensions and new deals worth $1.14 billion at attractive high-day rates, leading to a positive outlook.
As is tradition, the first week of January is generally quiet in the offshore market. However, Esgian reports that there…
The contract is anticipated to commence late in the fourth quarter 2024, following completion of the rig’s current contract with Petrobras, which is expected to finish in September 2024.
The contract is valued at approximately $519 million, inclusive of mobilization fees and additional services.
Brazilian state-owned oil and gas company Petrobras has awarded approximately $519m drilling contract to Valaris for the Buzios project.