Valaris wins jack-up rig contract extension in Thailand

Valaris wins jack-up rig contract extension in Thailand

Offshore drilling company Valaris, which last week emerged from bankruptcy, has won a contract extension for its Valaris JU-115 jack-up rig offshore Thailand

Valaris said yesterday that Mubadala Petroleum had extended the jack-up rig charter by around 240 days.

The extension will start in the first quarter of 2022, and the heavy-duty jack-up rig will remain with Mubadala off the coast of Thailand until September 2022.