Valaris Announces Contract Suspension for Jackup VALARIS 143
Valaris Limited Common Shares (VAL)
Last valaris limited common shares earnings: 4/29 09:50 pm
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Source: Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that ARO Drilling (“ARO”), its joint venture in Saudi Arabia, received a notice of suspension from Aramco for one of its 19 contracted rigs, jackup VALARIS 143 (EXL I). The rig’s contract was previously scheduled to end in December 2024. The suspension notice is for a period of up to twelve months and ARO is in discussions with Aramco to determine the effective date of the suspension. During the suspension period, ARO will have the right to terminate the drilling contract with Aramco. Valaris leases VALARIS 143 (EXL I) to ARO under a bareboat charter agreement.About Valaris LimitedValaris 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
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- Valaris Schedules First Quarter 2024 Earnings Release and Conference CallBusiness Wire
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- 5/1/24 - Miss
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- 5/1/24 - Form 8-K
- 4/17/24 - Form ARS
- 4/17/24 - Form DEF
- VAL's page on the SEC website