Valaris Awarded Multi-Year $498M Contract With Equinor For Drillship VALARIS DS-17; Project Raia Offshore Brazil To Last 852 Days
Portfolio Pulse from Benzinga Newsdesk
Valaris has been awarded a multi-year $498 million contract with Equinor for the drillship VALARIS DS-17. The project, named Raia, will take place offshore Brazil and is expected to last 852 days.
July 22, 2024 | 12:46 pm
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Valaris has secured a significant $498 million contract with Equinor for the VALARIS DS-17 drillship. This multi-year project, named Raia, will take place offshore Brazil and is expected to last 852 days, potentially boosting Valaris' revenues and market position.
The $498 million contract with Equinor is a substantial deal for Valaris, likely to positively impact its revenues and market position. The long-term nature of the project (852 days) provides revenue stability and enhances Valaris' visibility in the offshore drilling market.
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