Valaris Secures Contract Extension for Jack-up Rig in Saudi Arabia

June 30, 2021

Illustration - Credit: Lukasz Z / AdobeStock
Illustration - Credit: Lukasz Z / AdobeStock

Offshore drilling company Valaris has secured a contract extension for its VALARIS JU-250 (ex-Bob Palmer) jack-up drilling rig.

The 200-day extension to the charter has been agreed with ARO Drilling a Saudi-focused offshore drilling joint venture between Valaris and Saudi Aramco.

The extension for the heavy-duty ultra-harsh environment jack-up drilling rig is in direct continuation of the existing contract.

As a result of the extension, VALARIS JU-250 jack-up unit is now expected to be under contract through the end of 2021. ARO Drilling’s contract with Aramco has been extended for the same period.

The VALARIS JU-250, of the LeTourneau Technologies Super Gorilla XL Class design, was built in Vicksburg, Mississippi in 2003. It was upgraded in 2007.



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