Offshore drilling services provider Valaris has secured contracts worth around $65m from oil and gas giants bp and TotalEnergies.
The contract backlog does not include lump sum payments such as mobilisation fees and capital reimbursements, the driller added.
UK’s bp has awarded a one-well contract offshore Brazil for the VALARIS DS-15 drillship.
The 80-day contract is expected to begin in the late first quarter or early second quarter of 2024, continuing directly from the rig's present plan with TotalEnergies.
The estimated value of this contract is $33m.
In direct continuation from the new bp contract, work is expected to be done on a previously revealed priced option with TotalEnergies offshore Brazil for the drillship VALARIS DS-15.
The option period is due to start in the late second or early third quarter of 2024 and will last around 100 days.
For the option period, the operating day rate is around $254,000.
bp Indonesia also availed a five-well-priced option for heavy-duty jack-up VALARIS 106.
The option period is expected to start in January 2024 and last for 365 days, continuing directly with the current firm programme.
In July, Valaris secured a $364m drilling contract offshore West Africa for its VALARIS DS-7 drillship.
Earlier in the same month, the company secured multiple new drilling contracts in the Gulf of Mexico and offshore Australia.
Those contracts were for its semi-submersible VALARIS DPS-5 drillship, heavy-duty jack-up VALARIS 107 and heavy-duty ultra-harsh environment jack-up VALARIS 247.
