Offshore drilling contractor Valaris has secured a five-well contract with BP’s subsidiary BP Exploration Delta for VALARIS DS-12 drillship in Egypt.The contract…
Offshore drilling contractor Valaris has secured a five-well contract with BP’s subsidiary BP Exploration Delta for VALARIS DS-12 drillship in Egypt.
The contract is expected to begin in the second quarter 2026 and has an estimated duration of 350 days.
The estimated total contract value, inclusive of a mobilization fee, is approximately $140 million.
The contract also includes three option wells, Valaris added.
To remind, BP used VALARIS DS-12 drillship for drilling operations at the El Fayoum-5 gas well in the North Alexandria Offshore Concession, which was the final well in its four-slot drilling campaign in the West Nile Delta.
El Fayoum-5 was spudded on February 14, 2025, and encountered four prospective Messinian gas reservoirs, with a total sand thickness of 50 meters at a measured depth of approximately 2,900 meters.
“We are pleased that DS-12 will return to Egypt with BP, building on our successful exploration campaign together. With this award, we continue to execute our commercial strategy, having now contracted
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