Brief: Valaris Announces Contract Awards And Updated Guidance

Valaris

06/03/2023 13:48

March 6 (Reuters) - Valaris Ltd  VAL.N :
    * VALARIS ANNOUNCES CONTRACT AWARDS AND UPDATED GUIDANCE
    * VALARIS LTD-  THREE-YEAR CONTRACT WITH PETROBRAS FOR
DRILLSHIP
VALARIS DS-8; TOTAL CONTRACT VALUE IS APPROXIMATELY $500 MILLION
    * VALARIS LTD- 100-DAY CONTRACT WITH A TOTALENERGIES
AFFILIATE FOR
DRILLSHIP VALARIS DS-12
    * VALARIS LTD- 70-DAY CONTRACT WITH BEACH ENERGY OFFSHORE
NEW
ZEALAND FOR HEAVY DUTY MODERN JACKUP VALARIS 107
    * VALARIS LTD- ADJUSTED EBITDA IS EXPECTED TO DECREASE BY
APPROXIMATELY $5 MILLION TO NEGATIVE $5 MILLION TO BREAKEVEN IN
Q1 2023
    * VALARIS LTD- ADJUSTED EBITDA IS EXPECTED TO DECREASE BY
APPROXIMATELY $60 MILLION TO $180 MILLION TO $220 MILLION IN FY
2023

Source text for Eikon:  ID:nBw5vshPca 
Further company coverage:  VAL.N 

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