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Valaris Announces Jackup Contract Extension

Valaris Limited has been awarded a 200-day extension to its bareboat charter agreement with ARO Drilling for VALARIS JU-250 (Bob Palmer), a heavy-duty ultra-harsh environment jackup.

 

The extension is in direct continuation of the existing contract and, as a result, the VALARIS JU-250 is now expected to be under contract through the end of 2021.

 

ARO Drilling’s contract with Aramco has been extended for the same period.

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