Benzinga | Jun 29, 2021 04:31PM EDT

Valaris Announces Jackup Contract Award

Valaris Limited (NYSE:VAL) announced today that it has been awarded a 200-day extension to its bareboat charter agreement with ARO Drilling for VALARIS JU-250 (Bob Palmer), a heavy-duty ultra-harsh environment jackup. The extension is in direct continuation of the existing contract and, as a result, the VALARIS JU-250 is now expected to be under contract through the end of 2021. ARO Drilling's contract with Aramco has been extended for the same period.