Valaris Limited signs jackup extension

Source: press release, 2 June 2021

‘VALARIS JU-291’ (‘Stavanger’), a KFELS N-Class jackup
‘VALARIS JU-291’ (‘Stavanger’), a KFELS N-Class jackup (photo: Valaris Limited)

Valaris Limited has announced that it has been awarded a two-well contract extension with Equinor Energy AS offshore Norway for VALARIS JU-291 (Stavanger), a heavy-duty ultra-harsh environment jackup.

The extension is for an estimated 120 days in direct continuation of the existing contract and, as a result, the VALARIS JU-291 is now expected to be under contract through February 2022.