Offshore drilling company Valaris has secured a contract extension for its VALARIS JU-250 (ex-Bob Palmer) jack-up drilling rig.
The 200-day extension to the charter has been agreed with ARO Drilling a Saudi-focused offshore drilling joint venture between Valaris and Saudi Aramco.
The extension for the heavy-duty ultra-harsh environment jack-up drilling rig is in direct continuation of the existing contract.
As a result of the extension, VALARIS JU-250 jack-up unit is now expected to be under contract through the end of 2021. ARO Drilling’s contract with Aramco has been extended for the same period.
The VALARIS JU-250, of the LeTourneau Technologies Super Gorilla XL Class design, was built in Vicksburg, Mississippi in 2003. It was upgraded in 2007.