Offshore staff
LONDON – Valaris plc has received two new contracts and five contract extensions, with associated revenue backlog of about $245 million.
In the US Gulf of Mexico, Fieldwood has extended the contract for the VALARIS DS-16 (Resolute) by about 180 days from March 2020 to September 2020 due to the exercise of a 90-day option. This will begin following the end of the contract term upon the completion of the well in progress.
Offshore Egypt, Burullus has extended the VALARIS DS-7’s contract by about 165 days from October 2019 to mid-March 2020 due to the exercise of three one-well options.
Offshore Ghana, Amni has awarded the VALARIS DS-4 a one-well contract that is expected to start in early March 2020, with an estimated duration of 50 days.
Offshore Australia, Woodside has awarded the VALARIS DPS-1 a seven-well contract extension, with an estimated duration of 420 days from July 2020 to September 2021.
Offshore Norway, Equinor has extended the VALARIS JU-291’s (Stavanger) contract by two wells, with an estimated duration of 208 days from January 2020 to August 2020.
In the North Sea, Neptune Energy has awarded the VALARIS JU-248 (Gorilla VI) a four-well contract that is expected to start in 3Q 2020, with an estimated duration of 492 days. In addition, a previously disclosed contract with Premier Oil in the North Sea has been transferred to the VALARIS JU-248 from the VALARIS JU-121.
Offshore Thailand, Mubadala Petroleum has awarded the VALARIS JU-115 a two-month contract extension from January 2020 to March 2020.
10/01/2019
