HAMILTON, Bermuda (WO) — Valaris Limited has secured a five-well contract with bp Exploration Delta Limited for its drillship VALARIS DS-12 offshore Egypt, the company announced.
The contract is expected to begin in the second quarter of 2026 and run for about 350 days, with a total estimated value of $140 million, including a mobilization fee. The agreement also provides options for three additional wells.
“We are pleased that DS-12 will return to Egypt with bp, building on our successful exploration campaign together,” said Anton Dibowitz, Valaris President and Chief Executive Officer. “With this award, we continue to execute our commercial strategy, having now contracted all four drillships that have near-term availability. Looking ahead, we expect to secure additional attractive work for our high-specification drillships.”
Valaris said the new contract continues its momentum in securing work for its high-specification fleet across major offshore basins.
