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flag Valaris wins $140M BP contract for Egypt drilling starting Q2 2026.

flag Valaris has won a $140 million contract from BP’s subsidiary BP Exploration Delta for its VALARIS DS-12 drillship to conduct offshore drilling in Egypt, starting in Q2 2026 and lasting about 350 days. flag The deal includes five wells with options for three more and features a mobilization fee. flag The contract marks the completion of Valaris’s near-term drilling commitments for its four available drillships, reinforcing its commercial strategy and ongoing collaboration with BP in Egypt’s offshore exploration.

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