Valaris Awarded Five-Well, $140M Contract With Bp Exploration Delta For Drillship VALARIS DS-12 In Egypt
Benzinga Newsdesk 1 year ago
News
HAMILTON, Bermuda--(BUSINESS WIRE)-- Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") announced today that it has been awarded a five-well contract with Bp Exploration Delta Limited for drillship VALARIS DS-12 in
HAMILTON, Bermuda--(BUSINESS WIRE)-- Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") announced today that it has been awarded a five-well contract with Bp Exploration Delta Limited for drillship VALARIS DS-12 in Egypt. The contract is expected to commence in the second quarter 2026 and has an estimated duration of 350 days. The estimated total contract value, inclusive of a mobilization fee, is approximately $140 million. The contract also includes three option wells.