Valaris DS-16

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escveritas
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Valaris DS-16

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VALARIS DS-16 (Resolute) expected to end its contract with Fieldwood in late June 2020
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Re: Valaris DS-16

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Valaris announced that the drillship Valaris DSDS-16 (Rsolute) has been awarded a two-year contract by Occidental, to commence in May 2022 and to end in April 2024. The rig is presently stacked in Spain.
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Re: Valaris DS-16

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Re: Valaris DS-16

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Valaris has successfully reactivated four deepwater floaters just over a year after emerging from Chapter 11. Kudos to the Valaris crews and support teams that played essential roles in these reactivation projects!

“The VALARIS DPS-1, DS-4, DS-9, and DS-16 have all commenced operations for their respective customers. The leadership, collaboration, and commitment displayed by Valaris personnel at all levels was exemplary and allowed us to move forward safely and efficiently. This has set the bar high for the organization as we venture into more rig reactivations,” said Deepak Bisht, Sr. Director of Technical Support.

The reactivations started in Q4 2021 and included semisubmersible VALARIS DPS-1 for Woodside Energy in Australia and drillships VALARIS DS-4 for Petrobras in Brazil, VALARIS DS-9 for ExxonMobil in Angola and VALARIS DS-16 for Oxy in the U.S. Gulf of Mexico.

Follow Valaris to stay up to date with our rig reactivations and other operations activities.
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Re: Valaris DS-16

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Valaris Announces Contract Awards for Valaris DS-16

Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of approximately $1.14 billion, awarded subsequent to issuing the Company’s most recent fleet status report on November 1, 2023. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.

President and Chief Executive Officer Anton Dibowitz said, “We are delighted to announce these contract awards and extensions, which add well over $1 billion of contract backlog at attractive economics, providing further evidence of the positive outlook for Valaris. These awards include two multi-year drillship contracts and several jackup contracts across the North Sea, Trinidad, and Australia.”

The awarded contract for Valaris DS-16 was a two-year contract extension with Anadarko Petroleum Corporation (a wholly owned subsidiary of Occidental) in the U.S. Gulf of Mexico for drillship VALARIS DS-16, commencing in June 2024 in direct continuation of the existing firm program. This extension replaces the one-year priced option which was agreed in July 2021. An additional day rate will be charged when MPD services are provided.
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