Offshore drilling contractor Valaris has announced that its drillship VALARIS DS-12 has won a contract to drill four wells for BP offshore Egypt.
The contract is expected to commence in late Q3 or early Q4 2023 and has an estimated duration of 320 days, Valaris said. The total estimated value of the contract, including mobilisation costs, is $136.4m, the company added.
Valaris President and CEO Anton Dibowitz said, "We are honoured that BP has selected VALARIS DS-12 for its upcoming development campaign offshore Egypt. The rig has a long and successful track record with the client, having worked for BP in several locations offshore Africa, including Egypt, over the past three and a half years. We look forward to partnering with BP on another successful campaign."
VALARIS DS-12 is a DSME 12000 double-hulled DP drillship delivered by DSME Okpo shipyard in Geoje, South Korea, in 2013.
Dibowitz added: "We retain significant operational leverage for deepwater market enhancement through our fleet of 11 drillships, including three high-specification VALARIS DS-7, DS-8 and DS-11 rigs, as well as attractively priced purchase options for the new VALARIS rigs. DS-13 and DS-14."