Valaris Limited has been awarded a two-year contract offshore West Africa for drillship VALARIS DS-10
The US$352mn contract is expected to commence late in the second quarter or in the third quarter 2026. The total contract value does not include the provision of additional services, but two unpriced options, each with a duration of one year.
More long-term contracts
President and chief executive officer, Anton Dibowitz, said, “This contract award is a testament to the safety and operational performance of VALARIS DS-10 and its crews, which have an excellent track record of successfully executing clients’ well programmes offshore West Africa. This contract increases our backlog by approximately US$350mn and supports our future earnings and cash flow, and we remain focused on securing additional attractive long-term contracts for our high-specification assets.”
West Africa has seen enhanced rig activity, with Shelf Drilling and Borr Drilling also announcing contracts since late last year.
Vitol has been one of the recent entrants to West Africa, acquiring interests worth approximately US$1.65bn.
Valaris secures contract offshore West Africa
The contract services will commence in 2026. (Image source: Adobe Stock)
