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HAMILTON, Bermuda (WO) — Valaris Restricted has secured a five-well contract with bp Exploration Delta Restricted for its drillship VALARIS DS-12 offshore Egypt, the corporate introduced.
The contract is predicted to start within the second quarter of 2026 and run for about 350 days, with a complete estimated worth of $140 million, together with a mobilization payment. The settlement additionally offers choices for 3 further wells.
“We’re happy that DS-12 will return to Egypt with bp, constructing on our profitable exploration marketing campaign collectively,” mentioned Anton Dibowitz, Valaris President and Chief Govt Officer. “With this award, we proceed to execute our industrial technique, having now contracted all 4 drillships which have near-term availability. Trying forward, we anticipate to safe further engaging work for our high-specification drillships.”
Valaris mentioned the brand new contract continues its momentum in securing work for its high-specification fleet throughout main offshore basins.
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