Valaris issues quarterly Fleet Status Report

Source: press release, 23 April 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 February 13, 2020 Fleet Status Report include:

  • Floater VALARIS MS-1 awarded a three-well contract with Santos offshore Australia that is expected to commence in first quarter 2021, with an estimated duration of 155 days.
  • Jackup VALARIS JU-118 (Joe Douglas) awarded a three-well contract with Fieldwood offshore Mexico that commenced in mid-March, with an estimated duration of 425 days.
  • Jackup VALARIS JU-87 awarded a one-well contract with Cox in the US Gulf of Mexico, with an estimated duration of 30 days from March 2020 to April 2020, and then extended to May 2020 for another well with an estimated duration of 30 days.

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