Valaris jackups book extensions offshore Saudi Arabia
Jan. 4, 2022
Valaris Ltd. has received new bareboat charter agreements with ARO Drilling for several jackups.
(Courtesy Valaris)
The jackup VALARIS 250.
Offshore staff
HAMILTON, Bermuda – Valaris Ltd. has received new bareboat charter agreements with ARO Drilling for several jackups.
ARO Drilling has signed contracts with Aramco for the same periods as the bareboat charter agreements.
The heavy-duty harsh environment jackup VALARIS 250, heavy-duty modern jackup VALARIS 116, and standard-duty modern jackups VALARIS 143 and 146 have received three-year extensions.
Also, Aramco has awarded the ARO Drilling-owned rigs ARO 3003 and ARO 3004 five-year contract extensions.
Valaris President and CEO Anton Dibowitz said: “ARO Drilling is a strategic asset for Valaris, providing a continued presence in an important offshore basin and long-term growth prospects via ARO’s 20-rig newbuild program, with the first two newbuild jackups expected to be delivered in the second half of 2022.”
