{"id":65895,"date":"2023-07-05T09:43:20","date_gmt":"2023-07-05T14:43:20","guid":{"rendered":"https:\/\/drillingcontractor.org\/?p=65895"},"modified":"2023-07-26T09:22:00","modified_gmt":"2023-07-26T14:22:00","slug":"valaris-nets-new-contracts-for-rigs-in-us-gulf-of-mexico-australia","status":"publish","type":"post","link":"https:\/\/drillingcontractor.org\/valaris-nets-new-contracts-for-rigs-in-us-gulf-of-mexico-australia-65895","title":{"rendered":"Valaris nets new contracts for rigs in US Gulf of Mexico and Australia"},"content":{"rendered":"<p>Valaris announced new contracts and contract extensions with an associated contract backlog of approximately $150 million. These new contracts and extensions include:\n<\/p>\n<ul>\n<li>a two-well contract with Anadarko in the US Gulf of Mexico for the Valaris DPS-5 semisubmersible. The contract is expected to start in July 2023 and has a minimum duration of 60 days. The total contract value is approximately $22 million;<\/li>\n<li>a nine-well contract for a plug and abandonment campaign with Apache in the US Gulf of Mexico for Valaris DPS-5. The contract is expected to commence in September 2023 and has a minimum duration of 110 days;<\/li>\n<li>a 180-day (minimum duration) contract with an undisclosed operator offshore Australia for the Valaris 107 jackup. The contract is expected to begin in Q1 2024. The operating day rate is $150,000;<\/li>\n<li>a one-year contract with an undisclosed operator offshore Australia for Valaris 107. The contract is expected to commence in October 2024; and<\/li>\n<li>a two-well contract with a major Australian operator for heavy duty ultra-harsh environment jackup Valaris 247. The contract is expected to commence in early to mid-2024 and has an estimated duration of 100 days. The operating day rate is $180,000 and Valaris will receive a mobilization and demobilization fee that covers operating costs while the rig is in transit.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Valaris announced new contracts and contract extensions with an associated contract backlog of approximately $150 million. These new contracts and extensions include: a two-well contract with Anadarko in the US Gulf of Mexico for the Valaris DPS-5 semisubmersible. The contract is expected to start in July 2023 and has a minimum duration of 60 days. &hellip;<\/p>\n","protected":false},"author":27,"featured_media":38980,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,12,53],"tags":[],"class_list":["post-65895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mkt","category-news","category-os"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Valaris nets new contracts for rigs in US Gulf of Mexico and Australia - Drilling Contractor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drillingcontractor.org\/valaris-nets-new-contracts-for-rigs-in-us-gulf-of-mexico-australia-65895\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Valaris nets new contracts for rigs in US Gulf of Mexico and Australia - Drilling Contractor\" \/>\n<meta property=\"og:description\" content=\"Valaris announced new contracts and contract extensions with an associated contract backlog of approximately $150 million. These new contracts and extensions include: a two-well contract with Anadarko in the US Gulf of Mexico for the Valaris DPS-5 semisubmersible. The contract is expected to start in July 2023 and has a minimum duration of 60 days. &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drillingcontractor.org\/valaris-nets-new-contracts-for-rigs-in-us-gulf-of-mexico-australia-65895\" \/>\n<meta property=\"og:site_name\" content=\"Drilling Contractor\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/Drilling-Contractor-Magazine\/112140675010\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-05T14:43:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-26T14:22:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/drillingcontractor.org\/wp-content\/uploads\/2016\/03\/default-img-featured-offshore.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"330\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Stephen Whitfield\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DC_Magazine\" \/>\n<meta name=\"twitter:site\" content=\"@DC_Magazine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stephen Whitfield\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/drillingcontractor.org\/valaris-nets-new-contracts-for-rigs-in-us-gulf-of-mexico-australia-65895#article\",\"isPartOf\":{\"@id\":\"https:\/\/drillingcontractor.org\/valaris-nets-new-contracts-for-rigs-in-us-gulf-of-mexico-australia-65895\"},\"author\":{\"name\":\"Stephen Whitfield\",\"@id\":\"https:\/\/drillingcontractor.org\/#\/schema\/person\/6ad0ea5045fabf60b3f541782e889f6f\"},\"headline\":\"Valaris nets new contracts for rigs in US Gulf of Mexico and Australia\",\"datePublished\":\"2023-07-05T14:43:20+00:00\",\"dateModified\":\"2023-07-26T14:22:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/drillingcontractor.org\/valaris-nets-new-contracts-for-rigs-in-us-gulf-of-mexico-australia-65895\"},\"wordCount\":211,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/drillingcontractor.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/drillingcontractor.org\/valaris-nets-new-contracts-for-rigs-in-us-gulf-of-mexico-australia-65895#primaryimage\"},\"thumbnailUrl\":\"https:\/\/drillingcontractor.org\/wp-content\/uploads\/2016\/03\/default-img-featured-offshore.jpg\",\"articleSection\":[\"Global and Regional Markets\",\"News\",\"The Offshore Frontier\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/drillingcontractor.org\/valaris-nets-new-contracts-for-rigs-in-us-gulf-of-mexico-australia-65895#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/drillingcontractor.org\/valaris-nets-new-contracts-for-rigs-in-us-gulf-of-mexico-australia-65895\",\"url\":\"https:\/\/drillingcontractor.org\/valaris-nets-new-contracts-for-rigs-in-us-gulf-of-mexico-australia-65895\",\"name\":\"Valaris nets new contracts for rigs in US Gulf of Mexico and Australia - 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