Valaris Clinches Jack-up Rig Deal in Saudi Arabia

Bartolomej Tomic
Wednesday, July 7, 2021

Offshore drilling firm Valaris has won a contract extension with Aramco in Saudi Arabia for one of its standard-duty modern jackup drilling rigs.

The Saudi national oil company has elected to extend the charter of the VALARIS JU-140 jack-up by 183 days.

"The extension is in direct continuation of the existing contract and, as a result, the VALARIS JU-140 (Ex-Ensco 140) is now expected to be under contract through the end of 2021," Valaris said. The drilling firm did not share the financial details of the agreement.

The VALARIS JU-140 was built by Lamprell in the UAE and delivered in August 2016 under the name Ensco 140.

The rig of the LeTourneau Super 116E design can operate in water depths of up to 340ft ($103.6m). Its maximum drilling depth is 30,000ft (9144 m). The jack-up can accommodate 140 persons.

The contract, announced Wednesday, is the second drilling contract announcement by Valaris this week. Valaris on Tuesday said that the oil major BP had hired the VALARIS DS-12 drillship to drill four offshore wells offshore Mauritania and Senegal.


Categories: Middle East Drilling Industry News Activity Rigs Shallow Water

Related Stories

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

DOF Secures Moorings Hook-Up Job in Asia Pacific

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

China Starts Production at Major Oil Field in Bohai Sea

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

Fugro Expands Geotechnical Testing Capabilities in Indonesia

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Current News

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

Brownfield Output Decline Accelerates, says IEA

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com