Valaris JU-115 Jack-Up Rig to Stay Off Thailand Until Sept. 2022

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Illustration only - Credit: pichitstocker/AdobeStock

 

By OE Staff 

 

Offshore drilling company Valaris, which last week emerged from bankruptcy, has won a contract extension for its Valaris JU-115 jack-up rig offshore Thailand.

 

Valaris said Monday that the oil and gas company Mubadala Petroleum had extended the jack-up rig charter by around 240 days.

 

The extension will begin in the first quarter of 2022, and the heavy-duty jack-up rig will remain with Mubadala off the coast of Thailand until September 2022. 

 

Full story: https://www.oedigital.com/news/487509-valaris-ju-115-jack-up-rig-to-stay-off-thailand-until-sept-2022

 

-- © Copyright Offshore Engineer 2021-05-11

 

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Formerly known as Ensco

[Ombra]

Mubadala is owned by the Abu Dhabi government.

[AgMech Cowboy]

This is great news. You'd be surprised how many jobs a rig supports. It's not just the petroleum company and rig personnel. There's whole bunch of people involved.  I'm glad Mubadala will be expanding their work program.

[starky]

Whats the day rate for a roughneck/ roustie offshore in Thailand lol. Pretty woeful I expect.