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

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Shell Hires Noble’s Drillship for Work in Southeast Asia

Valeura Wraps Up Infill Drilling Campaign in Gulf of Thailand

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Sapura Energy Nets $720M from Multiple Drilling Services Contracts

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Current News

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

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