Rigs_and_Vessels

Valaris hit with contract cancellations and reduced rates

Several rigs also coming off contract, however the rig giant did land some new work in the first quarter

Tough rig market: Valaris has seen several contracts terminated while it has also agreed to periods of reduced dayrates on some contracts
Tough rig market: Valaris has seen several contracts terminated while it has also agreed to periods of reduced dayrates on some contractsPhoto: VALARIS
Perth
Published 23 April 2020, 06:47Updated 24 April 2020, 11:49
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