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Valaris Retires Rigs and Sells VALARIS 75 for $24 million, Announces New Contracts and Extensions
Feb 20, 2025•over 1 year ago
Contract Type
contract
BrazilOil And GasWater
Description
Valaris Limited has announced the retirement of three semisubmersibles from its fleet, as well as the sale of jackup VALARIS 75 for $24 million. The company's fleet rationalization aims to reduce costs for idle rigs and focus on high-specification assets. Additionally, Valaris has issued a Fleet Status Report, revealing new contracts and contract extensions with an associated backlog of approximately $120 million.
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