Offshore drilling firm Valaris has successfully landed a multi-year contract for the use of its drillship, VALARIS DS-4, with the Brazilian multinational corporation Petrobras. The drillship will be used for operations offshore Brazil, bolstering Valaris's presence in the region and its relationship with one of the largest oil and gas companies in the world.
1. Offshore drilling firm Valaris has secured a multi-year contract with Petrobras for the use of its drillship, VALARIS DS-4.
2. The drillship will be used for operations offshore Brazil, strengthening Valaris's presence in the region.
3. This deal represents a long-term collaboration between Valaris and Petrobras, a leading oil corporation in Brazil.
4. The contract entrusts VALARIS DS-4 drillship with a range of complex drilling operations in Brazilian waters.
5. This contract is expected to significantly enhance Valaris's profile and demonstrate their expertise in offshore drilling.
The contract with Petrobras guarantees employment for VALARIS DS-4 for 378 days, plus options, and is expected to commence in the third quarter of 2022.
The monumental deal solidifies a long-term collaboration between Valaris and Petrobras, Brazil's leading oil corporation. The contract entrusts the reputable VALARIS DS-4 drillship with a collection of complex drilling operations in Brazilian waters. This engagement is projected to significantly bolster the Valaris corporation's profile while demonstrating their technical competence and proficiency in offshore drilling.