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Valaris Secures $220 Million in New Offshore Drilling Contracts with Petronas and Others.
Oct 07, 2026
Contract Type
contract
BrazilOil And GasWater
Description
Valaris has secured new contracts and extensions totaling approximately $220 million, including a significant contract with Petronas for the Valaris DS-18 drillship in Suriname. Additional contracts include work in the US Gulf of Mexico and Australia, with estimated durations ranging from 300 days to 914 days.
Company Information
Company
Valaris
Location
Brazil
About
Valaris is the world’s largest offshore drill contractor, providing services to the oil and gas industry with a versatile fleet. Formed from the merger of Ensco and Rowan Companies, Valaris focuses on operational excellence and technological innovation in drilling. The company aims to enhance performance and deliver value to its clients across various water depths. Valaris supports sustainable development initiatives in offshore operations.
BrazilOil And GasWater