Valaris Limited Announces Jackup Contract Extension
Tuesday 11 May 2021
Valaris Limited (NYSE: VAL) announced that it has been awarded a contract extension of approximately 240 days with Mubadala Petroleum Thailand offshore Thailand for VALARIS JU-115, a heavy-duty modern jackup. The extension is anticipated to begin in the first quarter of 2022 and, as a result, the VALARIS JU-115 is now expected to be under contract through September 2022.