Valaris Announces Contract Awards

Source: www.gulfoilandgas.com 1/4/2022, Location: North America

Valaris Limited (NYSE: VAL) announced today that it has been awarded the following new contracts:

- One-well contract with Kosmos Energy in the U.S. Gulf of Mexico for semisubmersible VALARIS DPS-5. The contract is expected to commence in February 2022 with an estimated duration of 105 days.

- One-well contract with Western Gas offshore Australia for semisubmersible VALARIS MS-1. The contract is expected to commence in the first quarter 2022 with an estimated duration of 25 days.

- Six-well plug and abandonment contract with Centrica Storage in the UK North Sea for VALARIS Norway, a heavy duty ultra-harsh environment jackup. The contract is expected to commence in the third quarter 2022 with an estimated duration of 100 days.

- One-well contract with an undisclosed operator in the U.S. Gulf of Mexico for VALARIS 144, a standard-duty modern jackup. The contract is expected to commence in the first quarter 2022 with a minimum duration of 68 days.


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