MARKETS

Offshore driller Valaris reports US$4bn contract backlog

Valaris CEO projects strong demand over next two years

Valaris DPS-1 semi-submersible rig. Credit: Valaris

Valaris DPS-1 semi-submersible rig. Credit: Valaris

Offshore drilling contractor Valaris has secured several new deals and contract extensions. Notably, its contract backlog increased to US$4 billion from US$3.9 billion in February. The company chief...

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