Valaris Limited wins contract for VALARIS DS-4 drillship from Petrobras

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Valaris Limited, a Bermuda-based offshore drilling services provider, has bagged a contract for the VALARIS DS-4 drillship in Brazilian waters from Petrobras.

The contract awarded by the Brazilian national oil company is for a minimum term of 548 days.

According to Valaris Limited, the VALARIS DS-4 drillship is presently preservation stacked in the UK. It will now sail to the Canary Islands for reactivation and subsequent mobilization to Brazil.

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The offshore drilling contract is expected to begin by early Q2 2022, said Valaris Limited.

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