Valaris Limited has been awarded a five-well contract offshore West Africa for drillship VALARIS DS-15
The US$135mn-worth contract that will span nearly 250 days, is scheduled to commence in the third quarter 2026.
Including upfront payments for rig upgrades and mobilisation, the total contract value does not include the provision of additional services. There are priced options for up to five wells with an estimated total duration of 80 to 100 days.
Delivering complex drilling solutions
President and chief executive officer Anton Dibowitz said, “We are excited to have secured another contract for one of our high-specification drillships. As part of this contract, the rig will be upgraded with an enhanced managed pressure drilling system. We believe this contract reflects the market’s preference for contractors that can deliver complex drilling solutions with high-specification, seventh generation drillships. In addition, this contract adds to our presence offshore West Africa, where we are well positioned for future contracting opportunities.”
Valaris bags five-well deal offshore West Africa
The contract will commence in the third quarter 2026. (Image source: Adobe Stock)
