Valaris announces multi-year contract awards for drillships
Published by Alfred Hamer,
Editorial Assistant
Oilfield Technology,
Valaris Ltd has announced that it has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, that is expected to start in mid-4Q26, with Anadarko Petroleum Corp., a wholly-owned subsidiary of Occidental, in the Gulf of Mexico. The combined addition to contracted revenue backlog is approximately US$760 million.
President and Chief Executive Officer Anton Dibowitz said, “We’ve secured approximately US$1.9 billion in new contract backlog so far this year, reflecting solid execution of our commercial strategy and our ability to deliver safe and efficient operations for our customers. We remain focused on securing additional attractive, long-term contracts for our high-specification assets that will further support our earnings and cash flow.”
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Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/07072025/valaris-announces-multi-year-contract-awards-for-drillships/
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