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The Jack-Up Platform Valaris 118 Is at the Shipyard in Chaguaramas for Routine Maintenance Before the New Campaign with BP.
The modern jack-up platform Valaris 118 is undergoing routine maintenance at the shipyard in Chaguaramas, Trinidad, in preparation for the upcoming campaign with BP.
The Valaris 118 platform will be utilized in a contract extension for six wells with BP, scheduled to begin in March 2024.
The contract is a direct continuation of the existing firm program, starting from October 2022 and has an estimated duration of one year.
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The extension period has a total estimated value of the contract of approximately US$ 51 million, Valaris reported in November 2023.
The modern jack-up platform Valaris 118 arrived at the shipyard in Chaguaramas, Trinidad, for routine maintenance before the new campaign with BP. The platform will be involved in a contract extension for six wells with BP, scheduled to begin in March 2024.
Offshore Drilling Company Valaris Announces Contract Expansion on Jack-Up Platform
Valaris, a leading offshore drilling company, confirmed the extension of a contract for its jack-up platform in South America. The routine maintenance and the drilling campaign scheduled for the jack-up platform are set to take place at the local shipyard. The contract extension period, along with the total estimated 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 safety record, Valaris is committed to ensuring that all offshore drilling operations are conducted with the highest safety and excellence standards. The company has delivered seven consecutive wells without safety incidents, reflecting the Valaris team’s dedication to ensuring safe and efficient operations.
Valaris Operations Manager Comments on Contract Expansion and Future Prospects
The operations manager of Valaris expressed his satisfaction with the contract extension, highlighting the importance of this milestone for the company. He emphasized the seriousness with which Valaris approaches the safety of its operations and the importance of maintaining a continuous commitment to excellence. With plans to invest further in technology and innovation, Valaris is poised to continue driving the oil and gas sector in South America.
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