Valaris has confirmed the award of a new multi-year contract with Shell for the operation of the DS-8 vessel in Brazilian waters. This strategic alliance will focus on the development of the Orca project, located in the deepwater environment of the South American country.
The logistical operations of the DS-8
The contract is scheduled to begin during the first quarter of 2027, and will last approximately 800 days. According to official information, the value of the agreement exceeds US$300 million and includes additional options that could extend the operation for up to one more year.
Shell’s selection of the DS-8 vessel reflects the growing confidence of the oil majors in Valaris’ technical capabilities and the geological potential of the region. Brazil continues to establish itself as a destination for offshore drilling offshore drilling activitiesBrazil continues to establish itself as a destination for offshore drilling activities, driven by projects such as Orca that require specialized solutions in complex environments.
The company operates one of the most modern and versatile fleets in the market, including semi-submersible units, jack-up rigs and drillships such as the DS-8. This infrastructure allows the company to offer services adapted to different depths and geographical conditions, while maintaining high safety standards and operational efficiency.
Anton Dibowitz, president and CEO of Valaris, mentioned that the award represents a firm step forward in the execution of the firm’s business strategy. The company currently accumulates an order backlog in excess of US$2.5 billion, which supports its expectations for growth and profitability in the coming years.
The relationship between the two companies is strengthened with this new commitment in Brazil. Shell, one of the most important players in global energy development, continues to rely on Valaris to carry out drilling operations of high technical complexity, especially in offshore scenarios.
Source and photo: Valaris