Offshore drilling services provider Valaris Limited has secured more work for two of its units. The company said in a media release it has secured a 940-day contract extension for drillship Valaris DS-16, starting in June 2026. It has also secured a new 914-day contract for drillship Valaris DS-18, expected to start in the mid-fourth quarter 2026, with Anadarko Petroleum Corp., a wholly-owned subsidiary of Occidental, in the Gulf of America.
Valaris has secured a five-well contract for its drillship VALARIS DS-15 in West Africa, with work scheduled to begin in Q3 2026, the company said on Monday.
Valaris Limited has agreed to sell its jackup VALARIS 247 to BW Energy for cash proceeds of approximately $108 million. This sale is expected to close in the second half of 2025, subject to customary closing conditions. As part of the sales agreement, BWE will be restricted from using the rig outside of BWE-owned or affiliated properties for the rig’s expected remaining useful life.
Valaris Limited has been awarded a five-well contract offshore West Africa for drillship VALARIS DS-15. The contract is expected to commence in the third quarter 2026. The total contract value, based on an estimated duration of 250 days, is approximately $135 million, including upfront payments for rig upgrades and mobilization. The total contract value does not include the provision of additional services. The contract includes priced options for up to five wells with an estimated total duration of 80 to 100 days.