The Valaris 118 jack-up rig is at the shipyard in Chaguaramas for routine maintenance ahead of the new campaign with BP.

The modern self-elevating platform Valaris 118 is undergoing routine maintenance at the shipyard in Chaguaramas, Trinidad, in preparation for the upcoming campaign with BP.

A Valaris 118 platform will be used in a six-well contract extension with BP, scheduled to begin in March 2024.

The contract is a direct continuation of the existing firm program, starting in October 2022 and has an estimated duration of one year.

The extension period has an estimated total value of contract of approximately US$51 million, the company Valaris reported in November 2023.

The modern jack-up platform Valaris 118 has arrived at the shipyard in Chaguaramas, Trinidad, for routine maintenance ahead of the new campaign with BP. The platform will be involved in a six-well contract extension with BP, scheduled to commence in March 2024.

Offshore drilling company Valaris announces contract expansion on jack-up platform

Valaris, a leading offshore drilling company, has confirmed the extension of a contract for the company's jack-up platform in South America. routine maintenance and Campanha of drilling planned for the jack-up platform are scheduled to occur in shipyard local. The contract extension period, together with the estimated total value, represents a significant milestone for Valaris, further consolidating its position as one of the leading offshore drilling companies in the region.

Valaris continues to invest in safety upgrades and training for its rig team

With a solid security history, Valaris is committed to ensuring that all offshore drilling operations are carried out with the highest standards of safety and excellence. The company has delivered seven consecutive wells without safety incidents, which reflects the Valaris team's dedication to ensuring safe and efficient operations.

Valaris operations manager comments on contract expansion and future prospects

Valaris' operations manager expressed his satisfaction with the contract extension, highlighting the importance of this milestone for the company. He emphasized how seriously Valaris takes the security of its operations and the importance of maintaining an ongoing commitment to excellence. With plans to invest even more in technology and innovation, Valaris is ready to continue boosting the oil and gas sector in South America.