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Valaris Announces Several New Contract Awards

Source: 8/26/2019, Location: South America

Valaris plc announced new contracts and contract extensions, with associated revenue backlog of $84 million , awarded subsequent to filing the Company’s most recent fleet status report on July 25, 2019 .

- VALARIS 8505 (ENSCO 8505) contract with Eni offshore Mexico extended by three wells, with an estimated duration of 225 days from February 2020 to September 2020.
- VALARIS JU-290 (Rowan Viking) awarded a contract to provide accommodation services with Repsol offshore Norway that is expected to commence in September 2019 , with an estimated duration of 130 days.
- VALARIS JU-248 (Rowan Gorilla VI) contract with Shell offshore Trinidad extended by one month from September 2019 to October 2019.
- VALARIS JU-247 (Rowan Gorilla V) contract with Total in the North Sea extended by eight months from March 2020 to November 2020.
- VALARIS JU-117 ( Ralph Coffman ) contract with an undisclosed operator offshore Trinidad extended by two wells, with an estimated duration of 60 days from December 2019 to February 2020.
- VALARIS JU-87 (ENSCO 87) awarded a one-well contract with McMoRan Oil & Gas in the U.S. Gulf of Mexico that is expected to commence in August 2019 , with an estimated duration of 30 days

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