Valaris Limited Fleet Status Report August 2, 2021 |
New Contracts and Extensions Since Last Fleet Status Report | |
Floaters
•VALARIS DS-11 awarded an eight-well contract with TotalEnergies in the U.S. Gulf of Mexico. The contract is expected to commence in mid-2024 with an expected duration of three-and-a-half years
•VALARIS DS-18 (Relentless) awarded a three-year contract with Chevron in the U.S. Gulf of Mexico, which is expected to commence in the first quarter of 2022 in direct continuation of the current contract
•VALARIS DS-16 (Resolute) awarded a two-year contract with Occidental in the U.S. Gulf of Mexico from May 2022 to April 2024
•VALARIS DPS-1 awarded a 16-well contract with Woodside offshore Australia. The contract is expected to commence late in the first quarter or early in the second quarter of 2022 with an estimated duration of 300 days
•VALARIS DPS-1 awarded a 420-day contract with Woodside offshore Australia, which is expected to commence upon completion of the previous campaign
•VALARIS DS-12 awarded a one-well contract with TotalEnergies offshore Ivory Coast with an estimated duration of 28 days from July 2021 to August 2021
•VALARIS DS-12 awarded a four-well contract with BP offshore Mauritania and Senegal. The contract is expected to commence in the first quarter of 2022 with an estimated duration of 285 days
•VALARIS DS-10 awarded a one-well contract with TotalEnergies offshore Nigeria with an estimated duration of 92 days from July 2021 to October 2021
•VALARIS DS-10 awarded a six-month contract with Shell offshore Nigeria from March 2022 to September 2022
•VALARIS MS-1 awarded a one-month contract with Santos offshore Australia from April 2022 to May 2022
|
Jackups
•VALARIS JU-110 awarded a three-year contract with North Oil Company offshore Qatar, which is expected to commence in the fourth quarter of 2021
•VALARIS JU-108 contract with Saudi Aramco extended by one-year from November 2021 to November 2022
•VALARIS JU-115 contract with Mubadala Petroleum offshore Thailand extended by 240 days. The extension period is expected to commence in the first quarter of 2022
•VALARIS JU-250 (Bob Palmer) bareboat charter agreement with ARO Drilling extended by 200 days from June 2021 to December 2021. ARO Drilling's contract with Saudi Aramco has been extended for the same period
•VALARIS JU-140 contract with Saudi Aramco extended by 183 days from July 2021 to December 2021
•VALARIS JU-141 contract with Saudi Aramco extended by 180 days from August 2021 to February 2022
•VALARIS JU-290 (Viking) or VALARIS JU-291 (Stavanger) awarded a three-well contract with Repsol offshore Norway. The contract is expected to commence in mid-2022 with an estimated duration of 167 days
•VALARIS JU-291 (Stavanger) contract with Equinor offshore Norway extended due to the exercise of a two-well option with an estimated duration of 120 days from November 2021 to March 2022
•VALARIS JU-146 (EXL IV) bareboat charter agreement with ARO Drilling extended by 95 days from September 2021 to December 2021. ARO Drilling's contract with Saudi Aramco has been extended for the same period
•VALARIS JU-143 (EXL I) bareboat charter agreement with ARO Drilling extended by 60 days from November 2021 to December 2021. ARO Drilling's contract with Saudi Aramco has been extended for the same period
•VALARIS JU-117 (Ralph Coffman) awarded a contract with W&T Offshore in the U.S. Gulf of Mexico with an estimated duration of 45 days from July 2021 to August 2021
ARO Drilling
•ARO 3003 (Scooter Yeargain) contract extended by 90 days from October 2021 to December 2021
•ARO 3004 (Hank Boswell) contract extended for 90 days from October 2021 to December 2021
|
Valaris Limited Fleet Status Report August 2, 2021 |
Contract Backlog(1) (2)
($ millions)
| 2021 | 2022 | 2023 | 2024+ | Total |
Contracted Days(1) (2)
| 2021 | 2022 | 2023 | 2024+ | |||||||||
Drillships | $ | 93.9 | $ | 275.0 | $ | 174.3 | $ | 559.0 | $ | 1,102.2 | Drillships | 486 | 1,288 | 730 | 1,771 | ||||
Semisubmersibles | 35.6 | 118.0 | 126.2 | 14.2 | 294.0 | Semisubmersibles | 200 | 594 | 571 | 63 | |||||||||
Floaters | $ | 129.5 | $ | 393.0 | $ | 300.5 | $ | 573.2 | $ | 1,396.2 | Floaters | 686 | 1,882 | 1,301 | 1,834 | ||||
HD - Ultra-Harsh & Harsh | $ | 146.4 | $ | 182.2 | $ | 35.8 | $ | - | $ | 364.4 | HD - Ultra-Harsh & Harsh | 1,235 | 1,788 | 390 | - | ||||
HD & SD - Modern | 85.3 | 145.3 | 48.8 | 20.5 | 299.9 | HD & SD - Modern | 1,258 | 2,054 | 654 | 304 | |||||||||
SD - Legacy | 30.6 | 68.7 | 3.6 | - | 102.9 | SD - Legacy | 453 | 980 | 55 | - | |||||||||
Jackups | $ | 262.3 | $ | 396.2 | $ | 88.2 | $ | 20.5 | $ | 767.2 | Jackups | 2,946 | 4,822 | 1,099 | 304 | ||||
Other(3)
| $ | 50.6 | $ | 9.7 | $ | - | $ | - | $ | 60.3 |
Other(3)
| 1,286 | 587 | - | - | ||||
Total | $ | 442.4 | $ | 798.9 | $ | 388.7 | $ | 593.7 | $ | 2,223.7 | Total | 4,918 | 7,291 | 2,400 | 2,138 | ||||
ARO Drilling(4)
|
Average Day Rates(1) (2)
| 2021 | 2022 | 2023 | 2024+ | ||||||||||||||
Owned Rigs | $ | 125.8 | $ | 173.6 | $ | 173.6 | $ | 345.7 | $ | 818.7 | Drillships | $ | 193,000 | $ | 214,000 | $ | 239,000 | $ | 316,000 |
Leased Rigs | 92.5 | 42.0 | - | - | 134.5 | Semisubmersibles | 178,000 | 199,000 | 221,000 | 225,000 | |||||||||
Total | $ | 218.3 | $ | 215.6 | $ | 173.6 | $ | 345.7 | $ | 953.2 | Floaters | $ | 189,000 | $ | 209,000 | $ | 231,000 | $ | 313,000 |
Valaris 50% Share of ARO Owned Rigs | $ | 62.9 | $ | 86.8 | $ | 86.8 | $ | 172.9 | $ | 409.4 | HD - Ultra-Harsh & Harsh | $ | 119,000 | $ | 102,000 | $ | 92,000 | $ | - |
Adjusted Total(5)
| $ | 505.3 | $ | 885.7 | $ | 475.5 | $ | 766.6 | $ | 2,633.1 | HD & SD - Modern | 68,000 | 71,000 | 75,000 | 68,000 | ||||
SD - Legacy | 68,000 | 70,000 | 65,000 | - | |||||||||||||||
(1) Contract backlog, contracted days and average day rates as of August 2, 2021.
(2) Contract backlog and contracted days include backlog and days when a rig is under suspension. Contract backlog includes drilling contracts subject to final investment decision (FID) and drilling contracts which grant the customer termination rights if FID is not received with respect to projects for which the drilling rig is contracted. Average day rates are adjusted to exclude suspension backlog and days.
(3) Other represents contract backlog and contracted days related to bareboat charter agreements and management services contracts.
(4) ARO Drilling contract backlog as of August 2, 2021.
(5) Adjusted total is Valaris consolidated total plus Valaris 50% share of ARO owned rigs.
| Jackups | $ | 89,000 | $ | 82,000 | $ | 80,000 | $ | 68,000 | ||||||||||
HD = Heavy Duty; SD = Standard Duty |
Valaris Limited Fleet Status Report August 2, 2021 |
Asset Category / Rig | Design | Year Delivered |
Customer/ Status | Location | Contract Start Date |
Contract End Date(1)
| Comments |
Drillships | |||||||
Marketed | |||||||
VALARIS DS-18
(Relentless)
| GustoMSC P10000 | 2015 |
Chevron
Chevron
|
U.S. GOM
U.S. GOM
|
Aug 20
Jan 22
|
Jan 22
Jan 25
| |
VALARIS DS-16
(Resolute)
| GustoMSC P10000 | 2014 | Occidental | U.S. GOM | May 22 | Apr 24 | Rig currently stacked in Spain |
VALARIS DS-15
(Renaissance)
| GustoMSC P10000 | 2014 | TotalEnergies | Brazil | Jun 21 | Aug 22 | |
VALARIS DS-12 | DSME 12000 | 2014 |
TotalEnergies
BP
BP
|
Ivory Coast
Angola
Mauritania / Senegal
|
Jul 21 Oct 21 Jan 22 |
Aug 21 Jan 22 Oct 22 | |
VALARIS DS-11 | DSME 12000 | 2013 | TotalEnergies | U.S. GOM | Jul 24 | Dec 27 | Rig currently stacked in Spain. The contract contains early termination provisions should the project not receive a final investment decision (FID) by the customer |
VALARIS DS-10 | Samsung GF12000 | 2017 |
Shell
TotalEnergies
Shell
|
Nigeria
Nigeria
Nigeria
|
Mar 18
Jul 21
Mar 22
|
Jun 21
Oct 21
Sep 22
| |
Stacked | |||||||
VALARIS DS-17
(Reliance)
| GustoMSC P10000 | 2014 | Stacked | Spain | |||
VALARIS DS-9 | Samsung GF12000 | 2015 | Stacked | Spain | |||
VALARIS DS-8 | Samsung GF12000 | 2015 | Stacked | UK | |||
VALARIS DS-7 | Samsung 96K | 2013 | Stacked | Spain | |||
VALARIS DS-4 | Samsung 96K | 2010 | Stacked | UK | |||
Purchase Options(2)
| |||||||
VALARIS DS-14 | DSME 12000 | Under Construction | South Korea | Option to take delivery by year-end 2023. Purchase price of approx. $218 million assuming a Dec 31, 2023 delivery | |||
VALARIS DS-13
| DSME 12000 | Under Construction | South Korea | Option to take delivery by year-end 2023. Purchase price of approx. $119 million assuming a Dec 31, 2023 delivery |
Valaris Limited Fleet Status Report August 2, 2021 |
Asset Category / Rig | Design | Year Delivered |
Customer/ Status | Location | Contract Start Date |
Contract End Date(1)
| Comments |
Semisubmersibles | |||||||
Marketed | |||||||
VALARIS DPS-1
| F&G ExD Millennium, DP | 2012 |
Woodside Woodside |
Australia Australia |
Mar 22 Jan 23 |
Jan 23 Mar 24 |
Rig currently warm stacked in Malaysia The January 2023 contract is subject to final investment decision (FID) by the customer |
VALARIS MS-1
| F&G ExD Millennium, Moored | 2011 |
Santos
Santos
Santos
|
Australia
Australia
Australia
|
May 21
Apr 22
May 22
|
Oct 21
May 22
Jul 23
| |
VALARIS 8505
|
ENSCO 8500 Series, DP + Moored | 2012 |
Eni Lukoil Eni |
Mexico Mexico Mexico |
Jan 19 Jul 21 Oct 21 |
Jul 21 Oct 21 Dec 21 | |
Stacked | |||||||
VALARIS 8506 | ENSCO 8500 Series, DP | 2012 | Stacked | U.S. GOM | |||
VALARIS 8503 |
ENSCO 8500 Series, DP + Moored | 2010 | Stacked | U.S. GOM |
Valaris Limited Fleet Status Report August 2, 2021 |
Asset Category / Rig | Design | Year Delivered |
Customer/ Status | Location | Contract Start Date |
Contract End Date(1)
| Comments |
Jackups | |||||||
Heavy Duty Ultra-Harsh Environment(3)
| |||||||
VALARIS JU-292
(Norway)
| KFELS N Class | 2011 | ConocoPhillips | Norway | Nov 19 | Sep 21 | |
VALARIS JU-291
(Stavanger)
| KFELS N Class | 2011 | Equinor | Norway | Oct 19 | Mar 22 | |
VALARIS JU-290
(Viking)
| KFELS N Class | 2010 |
Lundin
Spirit
Repsol
|
Norway
Norway
Norway
|
May 20
Nov 21
May 22
|
Oct 21
Dec 21
Oct 22
| Repsol contract could be performed by VALARIS JU-290 (Viking) or VALARIS JU-291 (Stavanger) |
VALARIS JU-250
(Bob Palmer)
| LT Super Gorilla XL | 2003 | Saudi Aramco | Saudi Arabia | Jun 18 | Dec 21 |
Leased to ARO Drilling(4)
|
VALARIS JU-249
(Gorilla VII)
| LT Super Gorilla | 2002 | OMV | New Zealand | Dec 21 | Jan 23 | Rig currently in UK being reactivated |
VALARIS JU-248
(Gorilla VI)
| LT Super Gorilla | 2000 | Neptune | UK | Aug 20 | Aug 22 | |
VALARIS JU-247
(Gorilla V)
| LT Super Gorilla | 1998 | DNO | UK | May 21 | Aug 22 |
Valaris Limited Fleet Status Report August 2, 2021 |
Asset Category / Rig | Design | Year Delivered |
Customer/ Status | Location | Contract Start Date |
Contract End Date(1)
| Comments |
Jackups | |||||||
Heavy Duty Harsh Environment(3)
| |||||||
VALARIS JU-123 | KFELS Super A | 2019 | Harbour Energy | UK | Oct 20 | Oct 21 | |
VALARIS JU-122
| KFELS Super A | 2014 | Shell | UK | Jan 20 | May 22 | |
VALARIS JU-121
| KFELS Super A | 2013 | Harbour Energy | UK | Jul 21 | Jul 23 | |
VALARIS JU-120 | KFELS Super A | 2013 | Harbour Energy | UK | Jul 17 | Jul 23 | |
Stacked | |||||||
VALARIS JU-102 | KFELS MOD V-A | 2002 | Stacked | U.S. GOM | |||
VALARIS JU-100 | LT Gorilla | 1987 | Stacked | Denmark |
Valaris Limited Fleet Status Report August 2, 2021 |
Asset Category / Rig | Design | Year Delivered |
Customer/ Status | Location | Contract Start Date |
Contract End Date(1)
| Comments |
Jackups | |||||||
Heavy Duty - Modern(3)
| |||||||
VALARIS JU-118
(Joe Douglas)
| LT 240-C | 2011 | Fieldwood | Mexico | Mar 20 | Oct 21 | |
VALARIS JU-117
(Ralph Coffman)
| LT 240-C | 2009 |
W&T Offshore
Eni
|
U.S. GOM
Mexico
|
Jul 21
Sep 21
|
Aug 21
Sep 23
|
On a standby rate from Jan 21 to Jul 21
|
VALARIS JU-116
(Mississippi)
| LT 240-C | 2008 | Saudi Aramco | Saudi Arabia | Dec 18 | Dec 21 |
Leased to ARO Drilling(4)
|
VALARIS JU-115
| BM Pacific Class 400 | 2013 |
Mubadala Petroleum
Mubadala Petroleum
|
Thailand
Thailand
|
Feb 21
Feb 22
|
Sep 21
Sep 22
| |
VALARIS JU-110 | KFELS MOD V-B | 2015 |
North Oil Company
North Oil Company
|
Qatar
Qatar
|
Sep 17
Oct 21
|
Sep 21
Oct 24
| |
VALARIS JU-108
| KFELS MOD V-B | 2007 | Saudi Aramco | Saudi Arabia | Nov 18 | Nov 22 | |
VALARIS JU-107
| KFELS MOD V-B | 2006 |
SapuraOMV Jadestone |
Australia
Australia
|
May 21
Jun 21
|
Jun 21
Oct 21
| |
VALARIS JU-106
| KFELS MOD V-B | 2005 | BP | Indonesia | Jan 18 | Jan 23 | |
Stacked | |||||||
VALARIS JU-114
| BM Pacific Class 400 | 2012 |
Stacked | Philippines | |||
VALARIS JU-113
| BM Pacific Class 400 | 2012 | Stacked | Philippines | |||
VALARIS JU-111
| KFELS MOD V-B | 2003 | Stacked | Croatia | |||
VALARIS JU-109
| KFELS MOD V-Super B | 2008 | Stacked | Namibia | |||
VALARIS JU-104 | KFELS MOD V-B | 2002 | Stacked | UAE |
Valaris Limited Fleet Status Report August 2, 2021 |
Asset Category / Rig | Design | Year Delivered |
Customer/ Status | Location | Contract Start Date |
Contract End Date(1)
| Comments |
Jackups | |||||||
Standard Duty - Modern | |||||||
VALARIS JU-148
(Earnest Dees)
| LT Super 116-E | 2013 | Saudi Aramco | Saudi Arabia | Nov 19 | Nov 22 |
Leased to ARO Drilling(4)
|
VALARIS JU-147
(Bess Brants)
| LT Super 116-E | 2013 | Saudi Aramco | Saudi Arabia | Sep 19 | Aug 22 |
Leased to ARO Drilling(4)
|
VALARIS JU-146
(EXL IV)
| LT Super 116-E | 2011 | Saudi Aramco | Saudi Arabia | Sep 18 | Dec 21 |
Leased to ARO Drilling(4)
|
VALARIS JU-144
(EXL II)
| LT Super 116-E | 2010 |
Fieldwood | Mexico | May 20 | Aug 21 | |
VALARIS JU-143
(EXL I)
| LT Super 116-E | 2010 | Saudi Aramco | Saudi Arabia | Oct 18 | Dec 21 |
Leased to ARO Drilling(4). Contract between ARO Drilling and customer suspended from May 21 to Jul 21 for suspension and maintenance period. Then expected to return to operating day rate until end of contract
|
VALARIS JU-141
| LT Super 116-E | 2016 | Saudi Aramco | Saudi Arabia | Aug 18 | Feb 22 | |
VALARIS JU-140
| LT Super 116-E | 2016 |
Saudi Aramco
|
Saudi Arabia
|
Jul 18
|
Dec 21 | |
VALARIS JU-76
| LT Super 116-C | 2000 | Saudi Aramco | Saudi Arabia | Jan 15 | Apr 23 |
Contract suspended from Sep 20 to Jul 21, then expected to return to operating day rate until end of contract
|
Stacked | |||||||
VALARIS JU-145
(EXL III)
| LT Super 116-E | 2010 |
Stacked | U.S. GOM | |||
VALARIS JU-142
(112)
| LT Super 116-E | 2008 |
Stacked | Croatia | |||
VALARIS JU-75
| LT Super 116-C | 1999 | Stacked | U.S. GOM |
Valaris Limited Fleet Status Report August 2, 2021 |
Asset Category / Rig | Design | Year Delivered |
Customer/ Status | Location | Contract Start Date |
Contract End Date(1)
| Comments |
Jackups | |||||||
Standard Duty - Legacy | |||||||
VALARIS JU-92
| LT 116-C | 1982 | Harbour Energy | UK | Feb 17 | Dec 22 | |
VALARIS JU-72 | Hitachi K1025N | 1981 |
Eni |
UK |
Jan 20 | Jan 23 | |
VALARIS JU-67 | LT 84-CE | 1976 | Pertamina | Indonesia | Jan 19 | Jul 21 | |
VALARIS JU-54 | F&G L-780 Mod II-C | 1982 | Saudi Aramco | Saudi Arabia | Sep 14 | Sep 22 | Contract suspended from Oct 21 to Dec 21, then expected to return to operating day rate until end of contract |
VALARIS JU-37
(Arch Rowan)
| LT 116-C | 1981 | Saudi Aramco | Saudi Arabia | Sep 18 | Sep 21 |
Leased to ARO Drilling(4)
|
VALARIS JU-36
(Charles Rowan)
| LT 116-C | 1981 | Saudi Aramco | Saudi Arabia | Sep 18 | Sep 21 |
Leased to ARO Drilling(4)
|
VALARIS JU-22
(Middletown)
| LT 116-C | 1980 | Saudi Aramco | Saudi Arabia | Sep 18 | Sep 21 |
Leased to ARO Drilling(4)
|
Valaris Limited Fleet Status Report August 2, 2021 |
Asset Category / Rig | Design |
Customer/ Status | Location | Contract Start Date |
Contract End Date(1)
| Comments |
Other | ||||||
Drilling Management | ||||||
Thunder Horse | Deepwater Semisubmersible | BP | U.S. GOM | Jan 17 | Jan 22 | |
Mad Dog | Deepwater Spar Drilling Rig | BP | U.S. GOM | Jan 17 | Jan 22 | On a standby rate from Apr 20 to Oct 21, and then return to operating day rate until end of contract |
ARO Drilling | ||||||
Jackup Rigs Owned by ARO Drilling | ||||||
ARO 2001
(Gilbert Rowe)
| LT 116-C | Saudi Aramco | Saudi Arabia | Oct 17 | Jan 26 | |
ARO 2003
(SAR 201)
| BM 200-H | Saudi Aramco | Saudi Arabia | Feb 18 | Feb 26 | |
ARO 3001
(Bob Keller)
| LT Tarzan 225-C | Saudi Aramco | Saudi Arabia | Oct 17 | Jan 26 | |
ARO 3002
(J.P. Bussell)
| LT Tarzan 225-C | Saudi Aramco | Saudi Arabia | Oct 17 | Jan 26 | |
ARO 3003
(Scooter Yeargain)
| LT Tarzan 225-C | Saudi Aramco | Saudi Arabia | Oct 18 | Dec 21 | |
ARO 3004
(Hank Boswell)
| LT Tarzan 225-C | Saudi Aramco | Saudi Arabia | Oct 18 | Dec 21 | |
ARO 4001
(SAR 202)
| KFELS Super B | Saudi Aramco | Saudi Arabia | Oct 17 | Jan 26 | |
ARO 2005 | LT 116-C | Under Construction | Saudi Arabia | Delivery expected in 2022 | ||
ARO 2006 | LT 116-C | Under Construction | Saudi Arabia | Delivery expected in 2022 |
Valaris Limited Fleet Status Report August 2, 2021 |
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Disclaimer
Valaris Ltd. published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 10:42:03 UTC.