Valaris Limited (NYSE: VAL) announced on Tuesday that it has been awarded a three-year contract with Chevron in the U.S. Gulf of Mexico for drillship, VALARIS DS-18 (Relentless). 

Valaris awarded three-year contract with Chevron
Caption: Drilling ship Valaris Relentless (ex Rowan Relentless) - Image courtesy of Mario Werschke


The contract is expected to commence in the first quarter of 2022 in direct continuation of the current contract.

Valaris DS-18 is a GustoMSC P10,000 drillship built in 2015.

Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin.