Valaris Secures Drillship Extension with Petrobras, Lines up Suriname Push

Valaris secures drillship extension with Petrobras, lines up Suriname push

Offshore drilling contractor Valaris has added fresh backlog in Brazil while positioning for longer-term growth in South America, securing a multi-year extension for drillship Valaris DS-4 and signing a strategic collaboration deal in Suriname. The headline move is the Petrobras contract extension, which will keep DS-4 working offshore Brazil into the end of the decade. …

Valaris set for more work off Brazil and Suriname

n separate announcements today, offshore drilling contractor Valaris Limited (NYSE: VAL) reported both winning a contract with Brazil’s national oil company Petrobras and entering into a JV to support development of Malaysian national oil company Petronas’s assets offshore Suriname, The Petrobras award is a 1,064-day contract extension for the drillship Valaris DS-4. Expected to commence in November 2027, the extension is in direct continuation …