The Valaris 249 contract has an estimated total value of approximately $66 million.
This significant contract involves the jackup rig VALARIS 249 for an eight-well campaign offshore Trinidad.
Valaris 249 Contract Overview
The agreement with Shell outlines a substantial project with a clear scope and timeline. This contract underscores the continued demand for high-performance drilling solutions in key offshore regions.
Here's a breakdown of the key details regarding the Valaris 249 contract:
| Aspect | Detail |
|---|---|
| Contract Value | Approximately $66 million |
| Client | Shell |
| Location | Offshore Trinidad |
| Rig Type | Jackup VALARIS 249 |
| Number of Wells | Eight wells |
| Estimated Duration | 365 days (1 year) |
| Commencement | Expected in the first half of 2026 |
This long-term engagement provides Valaris with a stable revenue stream and reinforces its presence in the Caribbean offshore market. The 365-day estimated duration highlights a substantial work scope, reflecting the complexity and scale of the drilling operations planned by Shell.
