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.

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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.

Valaris adds contract extension for drilling rig
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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.

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