Valaris, Aramco JV ARO Drilling secures $359m financing for newbuild jackups
Houston-based offshore drilling contractor, Valaris Limited (NYSE: VAL) confirmed that ARO Drilling, the company’s 50/50 joint venture with oil giant Aramco, has successfully secured financing for its upcoming newbuild jackups, namely Kingdom 1 and 2. Financing Breakdown and Utilization The commendable financing, amounting to $359 million, has been extended as a term loan facilitated by […]