Offshore drilling contractor Valaris has been awarded an extension to its bareboat charter agreement with ARO Drilling for a standard duty jack-up.
Valaris informed on Wednesday that the Valaris JU-36 (Charles Rowan) rig had been awarded a 211-day extension, which is in direct continuation of the existing contract.
As a result, the Valaris JU-36 will be under contract through March 2022. ARO Drilling’s contract with Aramco has been extended for the same period. ARO Drilling is a joint venture between Saudi Aramco and Valaris.
According to Valaris’ latest fleet status report , the rig has been under the current contract with Saudi Aramco in Saudi Arabia since September 2018 and the contract was previously supposed to end in September 2021.