05/03/2021 | Press release | Distributed by Public on 05/03/2021 06:59
Changes in Status Since Last Fleet Status Report |
Contracts Awards, Extensions, Cancellations and Modifications
•VALARIS DS-15 (Renaissance) awarded a contract with Total offshore Brazil with an expected duration of 400 days from June 2021 to August 2022
•VALARIS DS-18 (Relentless) contract with Chevron in the U.S. Gulf of Mexico extended by approximately 320 days from March 2021 to January 2022
•VALARIS DS-12 contract with BP offshore Angola extended by approximately 100 days from September 2021 to December 2021
•VALARIS DS-10 contract with Shell offshore Nigeria extended by approximately 90 days from March 2021 to June 2021
•VALARIS MS-1 awarded a contract with Santos offshore Australia with an expected duration of 450 days from May 2022 to July 2023
•VALARIS 8505 contract with Eni offshore Mexico extended by approximately 80 days from October 2021 to December 2021
•VALARIS JU-121 awarded a contract with Harbour Energy in the North Sea with an expected duration of two years from July 2021 to July 2023
•VALARIS JU-247 (Gorilla V) awarded a contract with DNO in the North Sea with an expected duration of 400 days from May 2021 to June 2022
•VALARIS JU-249 (Gorilla VII) awarded a contract with OMV offshore New Zealand with an expected duration of 400 days from December 2021 to January 2023
•VALARIS JU-67 contract with Pertamina offshore Indonesia extended by approximately 400 days from May 2020 to June 2021
•VALARIS JU-120 contract with Harbour Energy in the North Sea extended by one year from July 2022 to July 2023
•VALARIS JU-291 (Stavanger) contract with Equinor offshore Norway extended by approximately 280 days from January 2021 to October 2021
•VALARIS JU-115 awarded a contract with Mubadala offshore Thailand with an expected duration of approximately 240 days from February 2021 to September 2021
•VALARIS JU-122 contract with Shell in the North Sea extended by approximately 205 days from July 2021 to February 2022
•VALARIS JU-292 (Norway) contract with ConocoPhillips offshore Norway extended by approximately 90 days from June 2021 to September 2021
•VALARIS JU-290 (Viking) awarded a contract with Spirit Energy offshore Norway with an expected duration of approximately 30 days from November 2021 to December 2021
•VALARIS DS-7 contract for operations offshore Senegal/Mauritania from September 2020 to August 2021 has been terminated
•VALARIS DPS-1 contract, which was scheduled to be completed in early September 2021 was early terminated and ended in September 2020
•VALARIS JU-117 (Ralph Coffman) expected to be on a standby rate from January 2021 to September 2021
•VALARIS JU-107 contract for operations offshore Australia, previously expected to commence May 2020, now expected to begin May 2021
•Mad Dog expected to be on a standby rate from April 2020 to October 2021, before returning to operating day rate until end of contract
ARO Owned Rigs
•ARO 2001, ARO 2003, ARO 3001, ARO 3002 and ARO 4001 each awarded five-year contract extensions with Saudi Aramco offshore Saudi Arabia from 1Q21 to 1Q26 (ARO owned rigs are not included in the backlog analysis on page 2)
Rig Sales
•VALARIS DS-3, VALARIS DS-5, and VALARIS DS-6 have been sold and retired from the offshore drilling fleet
•VALARIS 5004, VALARIS 8500, VALARIS 8501, VALARIS 8502, and VALARIS 8504 have been sold and retired from the offshore drilling fleet
•VALARIS JU-71, VALARIS JU-84, VALARIS JU-87, VALARIS JU-88, VALARIS JU-101, and VALARIS JU-105 have been sold and retired from the offshore drilling fleet
|
Valaris Limited Fleet Status Report May 3, 2021 |
Contract Backlog(1) (2) (3)
($ millions)
|
2021 | 2022 | 2023 | Total |
Contracted Days(1) (2) (3)
|
2021 | 2022 | 2023 | ||||
Drillships | $ | 112.6 | $ | 44.2 | $ | - | $ | 156.8 | Drillships | 584 | 259 | - |
Semisubmersibles | 67.5 | 61.6 | 37.6 | 166.7 | Semisubmersibles | 374 | 291 | 175 | ||||
Floaters | $ | 180.1 | $ | 105.8 | $ | 37.6 | $ | 323.5 | Floaters | 958 | 550 | 175 |
HD - Ultra-Harsh & Harsh | $ | 232.7 | $ | 145.2 | $ | 34.5 | $ | 412.4 | HD - Ultra-Harsh & Harsh | 1,907 | 1,518 | 375 |
HD & SD - Modern | 119.1 | 88.2 | 21.8 | 229.1 | HD & SD - Modern | 1,786 | 1,095 | 260 | ||||
SD - Legacy | 53.7 | 69.0 | 3.6 | 126.3 | SD - Legacy | 796 | 980 | 55 | ||||
Jackups | $ | 405.5 | $ | 302.4 | $ | 59.9 | $ | 767.8 | Jackups | 4,489 | 3,593 | 690 |
Other(4)
|
$ | 70.5 | $ | 9.6 | $ | - | $ | 80.1 |
Other(4)
|
1,964 | 587 | - |
Total | $ | 656.1 | $ | 417.8 | $ | 97.5 | $ | 1,171.4 | Total | 7,411 | 4,730 | 865 |
Average Day Rates(1) (3)
|
2021 | 2022 | 2023 | |||||||||
HD = Heavy Duty; SD = Standard Duty
(1) Contract backlog, contracted days and average day rates as of April 30, 2021.
(2) Contract backlog does not include ARO Drilling backlog. ARO Drilling backlog, excluding backlog on rigs leased from Valaris, was $869.5 million as of March 31, 2021.
(3) Contract backlog and contracted days include backlog and days when a rig is under suspension. Average day rates are adjusted to exclude suspension backlog and days.
(4) Other represents contract backlog and contracted days related to bareboat charter agreements and management services contracts.
|
Drillships | $ | 193,000 | $ | 171,000 | $ | - | |||||
Semisubmersibles | 180,000 | 212,000 | 215,000 | |||||||||
Floaters | $ | 188,000 | $ | 192,000 | $ | 215,000 | ||||||
HD - Ultra-Harsh & Harsh | $ | 122,000 | $ | 96,000 | $ | 92,000 | ||||||
HD & SD - Modern | 71,000 | 81,000 | 84,000 | |||||||||
SD - Legacy | 68,000 | 70,000 | 65,000 | |||||||||
Jackups | $ | 93,000 | $ | 84,000 | $ | 87,000 | ||||||
Valaris Limited Fleet Status Report May 3, 2021 |
Asset Type / Status / 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 | U.S. GOM | Aug 20 | Jan 22 | |
VALARIS DS-15
(Renaissance)
|
GustoMSC P10000 | 2014 | Total | Brazil | Jun 21 | Aug 22 | |
VALARIS DS-12 |
DSME 12000 | 2014 | BP | Angola | Sep 21 | Dec 21 | |
VALARIS DS-10 |
Samsung GF12000 | 2017 | Shell | Nigeria |
Mar 18 |
Jun 21 | |
Stacked | |||||||
VALARIS DS-17
(Reliance)
|
GustoMSC P10000 | 2014 | Stacked | Spain | |||
VALARIS DS-16
(Resolute)
|
GustoMSC P10000 | 2014 | Stacked | Spain | |||
VALARIS DS-11 |
DSME 12000 | 2013 | 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 May 3, 2021 |
Asset Type / Status / 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 | Available | Malaysia | |||
VALARIS MS-1
|
F&G ExD Millennium, Moored | 2011 |
Santos Santos |
Australia Australia |
May 21 May 22 |
Oct 21 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 May 3, 2021 |
Segment / Asset Type / 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 | Oct 21 | |
VALARIS JU-290
(Viking)
|
KFELS N Class | 2010 |
Lundin Spirit |
Norway Norway |
May 20 Nov 21 |
Oct 21 Dec 21 |
|
VALARIS JU-250
(Bob Palmer)
|
LT Super Gorilla XL | 2003 | Saudi Aramco | Saudi Arabia | Jun 18 | Jun 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 | Jun 22 |
Valaris Limited Fleet Status Report May 3, 2021 |
Segment / Region / 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 | Feb 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 May 3, 2021 |
Segment / Region / 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 |
Available Eni |
U.S. GOM Mexico |
Jan 21 |
Sep 23 |
On a standby rate from Jan 21 to Sep 21, when rig is expected to commence contract |
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 | Thailand | Feb 21 | Sep 21 | |
VALARIS JU-110 |
KFELS MOD V-B | 2015 | North Oil Company | Qatar | Sep 17 | Sep 21 | |
VALARIS JU-108
|
KFELS MOD V-B | 2007 | Saudi Aramco | Saudi Arabia | Nov 18 | Nov 21 | |
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 May 3, 2021 |
Segment / Region / 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 | Sep 21 |
Leased to ARO Drilling(4)
|
VALARIS JU-144
(EXL II)
|
LT Super 116-E | 2010 |
Fieldwood |
Mexico | May 20 | Jun 21 | |
VALARIS JU-143
(EXL I)
|
LT Super 116-E | 2010 | Saudi Aramco | Saudi Arabia | Oct 18 | Oct 21 |
Leased to ARO Drilling(4). Contract between ARO Drilling and customer suspended from Oct 20 to Jun 21, 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 | Aug 21 | |
VALARIS JU-140
|
LT Super 116-E | 2016 | Saudi Aramco | Saudi Arabia | Jul 18 | Jun 21 | |
VALARIS JU-76
|
LT Super 116-C | 2000 | Saudi Aramco | Saudi Arabia | Jan 15 | Apr 23 | Contract suspended from Sep 20 to May 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 May 3, 2021 |
Segment / Region / 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 | Jun 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 May 3, 2021 |
Segment / 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 | Oct 21 | |
ARO 3004
(Hank Boswell)
|
LT Tarzan 225-C | Saudi Aramco | Saudi Arabia | Oct 18 | Oct 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 May 3, 2021 |