Benzinga | Oct 26, 2021 04:40PM EDT

Valaris Announces Floater Contract Award; Terms Not Disclosed

Valaris Limited (NYSE:VAL) announced today that it has been awarded a two-year contract with Esso Exploration Angola, an affiliate of ExxonMobil, offshore Angola for drillship VALARIS DS-9. The rig is currently preservation stacked in the Canary Islands, where it will be reactivated and then mobilized to Angola ahead of the anticipated contract commencement in June 2022.