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Valaris Secures $760M Drilling Contracts with Occidental for Gulf Operations.
Jul 07, 2025•12 months ago
Contract Type
contract
BrazilOil And GasWater
Description
Valaris Limited has been awarded a 940-day contract extension for the drillship VALARIS DS-16 and a new 914-day contract for the drillship VALARIS DS-18 with Anadarko Petroleum, a subsidiary of Occidental. The contracts, which contribute approximately $760 million to Valaris's revenue backlog, are set to start in mid-2026.
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