- With global floater utilization rates reaching 90% for the first time since 2014, and leading-edge day rates topping US$500,000, Valaris has pulled the trigger on its options for two newbuild drillships
- The move will see two high-spec drillships, Valaris DS-13, and Valaris DS-14, added to the Big board-listed drilling contractor’s fleet for an aggregate purchase price of US$337M from Hanwha Ocean
- Valaris president and chief executive Anton Dibowitz was “delighted” by the additions.
Following...