$84Mln New Contract Awards for Valaris

August 28, 2019

Offshore drilling contractor Valaris has been awarded new contracts and contract extensions for its rigs, with associated revenue backlog of $84 million.

The largest offshore drilling and well drilling company in the world, formerly known as EnscoRowan, said that six of its rigs had won new contracts and extensions subsequent to filing the company’s most recent fleet status report on July 25, 2019.

According to the UK-based offshore driller,  VALARIS 8505 (ENSCO 8505) contract with Eni offshore Mexico extended by three wells, with an estimated duration of 225 days from February 2020 to September 2020.

VALARIS JU-290 (Rowan Viking) 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, said the company.

VALARIS JU-248 (Rowan Gorilla VI) contract with Shell offshore Trinidad extended by one month from September 2019 to October 2019.

VALARIS JU-247 (Rowan Gorilla V) contract with Total in the North Sea extended by eight months from March 2020 to November 2020.
 
VALARIS JU-117 ( Ralph Coffman ) contract with an undisclosed operator offshore Trinidad extended by two wells, with an estimated duration of 60 days from December 2019 to February 2020.

VALARIS JU-87 (ENSCO 87) awarded a one-well contract with McMoRan Oil & Gas in the U.S. Gulf of Mexico that is expected to commence in August 2019 , with an estimated duration of 30 days.



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