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Valaris Announces Multi-Year Contract Award for Drillship VALARIS DS-17

Jul 22, 2024•almost 2 years ago

Contract Type

contract

BrazilOil And GasWater

Description

Valaris Limited has been awarded a multi-year contract with Equinor Energy do Brasil Ltda., a subsidiary of Equinor ASA, for drillship VALARIS DS-17, to work offshore Brazil on Project Raia. The estimated total contract value is approximately $498 million, inclusive of MPD, additional services and fees for mobilization and minor rig upgrades. The contract has an estimated total duration of 852 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.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.