Valaris Sells VALARIS 247 Platform to BW Energy for $108 Million; Unit Will Be Used at Maromba Field

Written by Paulo Nogueira

Published on 06/05/2025 at 14:55

Updated on 06/05/2025 at 14:57

VALARIS 247

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Valaris Sells The Jackup Platform VALARIS 247 To BW Energy For US$ 108 Million; Unit Will Be Remodeled To Operate In The Maromba Field, Expanding Offshore Presence In The Basin Of Campos And Strengthening The Financial Strategy Of Valaris.

Valaris Limited (NYSE: VAL) announced the sale of the jackup platform VALARIS 247 to BW Energy for approximately US$ 108 million. The deal is expected to close in the second half of 2025, subject to usual conditions.

According to the agreement, BW Energy will be restricted to operating the unit only in owned or affiliated assets during the remaining useful life of the platform. The VALARIS 247 will undergo a remodeling to operate in the Maromba field, in the Basin of Campos, where BW Energy focuses part of its activities in Brazil.

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The CEO of Valaris, Anton Dibowitz, stated that the operation is highly lucrative and opportunistic, increasing the company’s financial flexibility, including the possibility of returning capital to shareholders.

About Valaris: Valaris is a global leader in offshore drilling services, with a modern fleet of rigs for shallow and ultra-deep waters, distinguished by safety, innovation, and operational excellence.

Valaris Sells VALARIS 247 Platform to BW Energy for $108 Million; Unit Will Be Used at Maromba Field

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Valaris Sells VALARIS 247 Platform to BW Energy for $108 Million; Unit Will Be Used at Maromba Field

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