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Valaris secures new contracts worth $160 million for rig work in the Gulf of Mexico and North Sea.

Aug 07, 2026•2 days ago

Contract Type

contract

BrazilOil And GasWater

Description

Valaris has secured new contracts and extensions for its rig fleet totaling over $160 million. This comes as offshore drilling contractors respond to strong demand for high-specification rigs in the deepwater sector.

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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