Equinor operations offshore Brazil. (Source: Einar Aslaksen/ Equinor)
Equinor subsidiary Equinor Energy do Brasil Ltda. awarded Valaris Ltd. a multi-year contract for its VALARIS DS-17 drillship offshore Brazil for work on Project Raia, Valaris said in a July 22 press release.
The $498 million contract will have an estimated total duration of 852 days, including a 672-day drilling program expected to begin in early 2026.
The rig will be on standby between the rig’s current program and the beginning of the operation period for an estimated 18 days. During this time period, the rig is available for work inside and outside Brazil—an opportunity for additional revenue for Valaris.
Equinor’s partners on Project Raia are Repsol Sinopec Brazil with a 35% stake and Petrobras with 30%.
Recommended Reading
ChampionX Releases New Plunger Lift Well Solution
2024-09-13 - The SMARTEN Unify control system is the first plunger lift controller in ChampionX’s SMARTEN portfolio.
Fugro’s Remote Capabilities Usher In New Age of Efficiency, Safety
2024-11-19 - Fugro’s remote operations center allows operators to accomplish the same tasks they’ve done on vessels while being on land.
ZEMA Global to Acquire Morningstar’s Commodity Data Business
2024-09-23 - ZEMA Global Data Corp. is acquiring Morningstar Commodity Data to meet demand for data and analytics prompted by the global energy transition.
TGS Releases Illinois Basin Carbon Storage Assessment
2024-09-03 - TGS’ assessment is intended to help energy companies and environmental stakeholders make informed, data-driven decisions for carbon storage projects.
BP to Use Palantir Software to Improve AI in Operations
2024-09-09 - BP and Palantir have agreed to a five-year strategic relationship in which Palantir’s AIP software will use large language models to improve BP operations.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.