Valaris Celebrates $519 Million Contract With Petrobras for DS-4 Drillship

Written by Ruth Rodrigues

Published on 04/01/2024 at 20:24

Foto: Valaris

Seja o primeiro a reagir!

Valaris Secured a US$ 519 Million Contract with Petrobras to Operate the Valaris DS-4 Drillship in Búzios. With a Duration of 1,064 Days, the Agreement Starts in the Fourth Quarter of 2024. The Contract Strengthens the Partnership for Future Offshore Projects in Brazil.

Valaris announced on Tuesday, (01/02), a significant contract with Petrobras, consolidating a strategic partnership to operate the drillship Valaris DS-4. This contract, valued at US$ 519 million outside Brazil, encompasses not only a mobilization fee but also additional crucial services for a project in the Búzios field. The transaction marks a fundamental step in strengthening the relations between the two giants of the energy sector.

Project in the Búzios Field Boosts 1,064-Day Contract for the DS-4 Platform with Petrobras

The agreement, with a duration of 1,064 days, is expected to begin in the fourth quarter of 2024, shortly after the conclusion of the current contract in effect with Petrobras, scheduled to end in September of the same year.

Valaris emphasizes that, following the end of the ongoing contract, the Valaris DS-4 platform will undergo a period of approximately 90 days out of operation.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

This pause aims to carry out essential capital updates to meet client demands and further optimize the platform’s efficiency.

Petrobras and Valaris Envision Long-Term Collaboration on Offshore Projects in Brazil

The President and CEO of Valaris, Anton Dibowitz, expressed his satisfaction with the assurance of the contract, highlighting the project’s importance in the Búzios field for the company.

“We are pleased that Petrobras has secured more work for the DS-4 drilling platform for its next project in Búzios, and we look forward to continuing our partnership with Petrobras on its offshore projects in Brazil for many years,” Dibowitz stated in a press release.

Dibowitz also highlighted Valaris’ strategy to boost profits and cash flow by re-contracting platforms at higher market rates.

The contract for the Valaris DS-4 is a notable example of this approach, moving the platform from an initial daily rate of US$ 200,000 to an effective daily rate of US$ 400,000.

This demonstrates the effectiveness of the operational leverage inherent in Valaris’ business.

Source: FVO Site

0 Comentários

Mais recente

Mais antigos Mais votado

Feedbacks

Visualizar todos comentários

Valaris Celebrates $519 Million Contract With Petrobras for DS-4 Drillship

Valaris Secured a US$ 519 Million Contract with Petrobras to Operate the Valaris DS-4 Drillship in Búzios. With a Duration of 1,064 Days, the Agreement Starts in the Fourth Quarter of 2024. The Contract Strengthens the Partnership for Future Offshore Projects in Brazil.

Project in the Búzios Field Boosts 1,064-Day Contract for the DS-4 Platform with Petrobras

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Petrobras and Valaris Envision Long-Term Collaboration on Offshore Projects in Brazil

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

Something is happening around the Earth: Inside the huge explosion of fireballs in 2026

A hot air bubble coming from Argentina expands over Brazil, causing thermometers to exceed 38 degrees with a thermal sensation of 40 degrees in late March, affecting 6 states at once.

Solar cells have just achieved the “impossible” with this 130% breakthrough.

The radish leaf that almost everyone throws away has more polyphenols, flavonoids, and fiber than the consumed root, and a 2025 study showed that the leaf contains compounds that protect the intestine, combat inflammation, and may inhibit the growth of cancer cells.

50 viaducts, 4 tunnels, 28 bridges, and 40 kilometers of bike paths: BR-262 in Espírito Santo will receive 8.6 billion reais for the largest engineering project in the state’s history, inspired by the Immigrant Highway in São Paulo.

Valaris Celebrates $519 Million Contract With Petrobras for DS-4 Drillship

Valaris Secured a US$ 519 Million Contract with Petrobras to Operate the Valaris DS-4 Drillship in Búzios. With a Duration of 1,064 Days, the Agreement Starts in the Fourth Quarter of 2024. The Contract Strengthens the Partnership for Future Offshore Projects in Brazil.

Project in the Búzios Field Boosts 1,064-Day Contract for the DS-4 Platform with Petrobras

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Petrobras and Valaris Envision Long-Term Collaboration on Offshore Projects in Brazil

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

OceanPact Announces Acquisition of CBO and Creates One of Brazil’s Largest Maritime Support Structures with 73 Vessels, Annual Revenue Above R$ 4 Billion and R$ 14 Billion Backlog

With Extreme Winds, Giant Waves, and Unrestricted Currents, Drake Passage Is Considered the Most Violent Stretch of the Oceans

15th Century Merchant Ship Surprises Archaeologists

Odfjell Inaugurates First Operational Green Corridor Between Brazil and Europe Using Sustainable B24 on Maritime Routes and Reinforces Decarbonization Strategy

Maré Reveals Secret From 1895: Ghost Ship Kestrel Reappears at Embaré Beach

Something is happening around the Earth: Inside the huge explosion of fireballs in 2026

A hot air bubble coming from Argentina expands over Brazil, causing thermometers to exceed 38 degrees with a thermal sensation of 40 degrees in late March, affecting 6 states at once.

Solar cells have just achieved the “impossible” with this 130% breakthrough.

The radish leaf that almost everyone throws away has more polyphenols, flavonoids, and fiber than the consumed root, and a 2025 study showed that the leaf contains compounds that protect the intestine, combat inflammation, and may inhibit the growth of cancer cells.

50 viaducts, 4 tunnels, 28 bridges, and 40 kilometers of bike paths: BR-262 in Espírito Santo will receive 8.6 billion reais for the largest engineering project in the state’s history, inspired by the Immigrant Highway in São Paulo.