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New York-listed offshore driller Valaris has won a new contract in Africa for one of its drillships.
Valaris said in a statement that its Valaris DS-10 drillship was awarded a two-year contract offshore West Africa. The new deal with the undisclosed client is expected to begin in the second or third quarter of 2026.
The total contract value for the firm term is $352m and does not include the provision of additional services. The contract includes two unpriced options, each with a duration of one year.
“This contract increases our backlog and supports our future earnings and cash flow, and we remain focused on securing additional attractive long-term contracts for our high-specification assets,” said Anton Dibowitz, president and CEO of Valaris.
The 2017-built drillship has been warm-stacked in Las Palmas since it completed its last contract with Shell in Nigeria. It was a one year deal from August 2023 to August 2024.
The post Valaris adds $352m to backlog with new drillship deal appeared first on Energy News Beat.
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