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

Türkiye Offshore Wind Roadmap Outlines Up to 7GW Potential by 2040

Saudi Aramco’s Quarterly Profit Goes 15% Down

Shelf Drilling Secures $200M Contract Extensions with Chevron for Thailand Ops

Current News

Equinor Strikes Oil and Gas at Rhombi Prospect in North Sea

TechnipFMC to Supply Subsea Trees for Suriname’s First Oil and Gas Field

Saipem Secures $1.9B Subsea Work at TotalEnergies’ Suriname Field

SBM Offshore and Technip Energies to Build TotalEnergies’ GranMorgu FPSO

Subscribe for OE Digital E‑News