Valaris issues quarterly Fleet Status Report

Source: press release, 13 February 2020

Illustration: Valaris
Illustration: Valaris

Valaris plc has issued its quarterly Fleet Status Report that provides the current status of the company’s fleet of offshore drilling rigs along with certain asset contract information.

New contracts since the October 25, 2019 Fleet Status Report include:

  • VALARIS DS-12 awarded a one-well contract with BP offshore Egypt, with an estimated duration of 120 days from February 2020 to June 2020.
  • VALARIS DS-9 awarded a one-well contract with Premier Oil offshore Brazil that is expected to commence in July 2020, with an estimated duration of 60 days.
  • VALARIS DS-7 awarded a five-well contract with BP offshore Senegal and Mauritania that is expected to commence in September 2020, with an estimated duration of approximately 320 days.
  • VALARIS 8503 contract with Kosmos in the US Gulf of Mexico extended by approximately 80 days from early April 2020 to late June 2020 to complete the well in-progress.

The full Fleet Status Report can be found on the “Investors” section of the company’s website.