Brief: Valaris Announces Contract Suspension For Jackup Valaris 143

Valaris

04/04/2024 21:44

April 4 (Reuters) - Valaris Ltd  VAL.N :
    * VALARIS ANNOUNCES CONTRACT SUSPENSION FOR JACKUP VALARIS
143
    * VALARIS LTD:  ARO DRILLING RECEIVED NOTICE OF SUSPENSION
FROM
ARAMCO FOR ONE OF ITS 19 CONTRACTED RIGS, JACKUP VALARIS 143
(EXL I)
    * VALARIS LTD: SUSPENSION NOTICE IS FOR PERIOD OF UP TO
TWELVE
MONTHS AND ARO IS IN DISCUSSIONS WITH ARAMCO TO DETERMINE
EFFECTIVE DATE OF SUSPENSION
    * VALARIS LTD: DURING SUSPENSION PERIOD, ARO WILL HAVE RIGHT
TO
TERMINATE DRILLING CONTRACT WITH ARAMCO

Source text for Eikon:  ID:nBw4VG7fda 
Further company coverage:  VAL.N 

 ((Reuters.Briefs@thomsonreuters.com;))