The contract is for a minimum term of 548 days. The rig is currently preservation stacked in the UK and will transit to the Canary Islands, where it will be reactivated and then mobilised to Brazil. The contract is anticipated to commence by early 2Q22.
Read the latest issue of Oilfield Technology in full for free: Issue 3 2021
Oilfield Technology’s third issue of 2021 starts with a report from Wood Mackenzie focusing on the upstream industry’s fortunes in Asia-Pacific. The rest of the issue is dedicated to features covering offshore engineering, coiled tubing, frac technology, completion technologies, water management, well placement and much more.
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Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/20102021/petrobras-contracts-valaris-drillship/