Valaris Sees New and Extended Contracts in Africa

Thursday, October 3, 2019

Valaris was awarded new contracts and saw one contract extended recently. The contract extended was for work in North Africa, while a new award came out of West Africa.

In Egypt the VALARIS DS-7 contract with Burullus offshore Egypt was extended by approximately 165 days from October 2019 to mid-March 2020 due to the exercise of three one-well options.

Burullus is a JV company comprised of state-run EGPC, Shell (formerly BG), and Petronas. The company operates the West Delta Deep Marine.

In West Africa Valaris was awarded a contract for use of its VALARIS DS-4. The contract is with Amni offshore Ghana for one well. The well is expected to commence in early March 2020, with an estimated duration of 50 days.

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