Benzinga | Jul 12, 2021 08:35AM EDT

Valaris Announces 16-Well Floater Contract Award; Terms Not Disclosed

Valaris Limited (NYSE:VAL) announced today that it has been awarded a 16-well contract with Woodside offshore Australia for semisubmersible, VALARIS DPS-1. The contract is expected to commence late in the first quarter or early in the second quarter of 2022 with an estimated duration of 300 days.