Valaris announced on Tuesday that it has been awarded a contract from Petrobras for its drillship Valaris DS-4.
The contract is expected to commence in the second quarter of 2022 and could last into 2024. Terms of the contract were not disclosed.
In a statement, Valaris said the contract is a for a minimum term of 548 days, or about 18 months.
The DS-4 is currently stacked in the UK, and Valaris said it will transit to the Canary Islands, where it will be reactivated before sailing to Brazil.
The DS-4 is a Samsung 96K Drillship, built at the Samsung Heavy Industries facility in Geoje, South Korea, and was commissioned in 2010.
The 751-foot vessel is rated for a maximum water depth of 12,000 feet and can drill as deep as 40,000 feet.
It can carry a crew of up to 200 people.