Valaris Limited announced that its wholly owned subsidiary, Ensco UK Drilling Ltd., has entered into a Strategic Collaboration Agreement with PETRONAS Suriname Exploration & Production BV and Halliburton to support the development of PETRONAS Suriname?s offshore assets. The SCA brings together Valaris? offshore drilling expertise and high-specification global fleet, PETRONAS Suriname?s project stewardship and basin knowledge, and Halliburton?s subsurface, well construction and digital solutions.

The Agreement establishes a collaborative framework across the project lifecycle, including early-stage planning, technical integration and continuous improvement initiatives, to enhance operational efficiency and support transparent, value-driven project execution.