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Sale of Valaris 247 Jack-Up Rig

Location: Australia

Source: Upstream Online

Project
Planned

Valaris has agreed to sell its jack-up rig, Valaris 247, to BW Energy for approximately $108 million. The sale is expected to close in the second half of 2025, subject to customary closing conditions. The rig, which is 27 years old, is currently working offshore Australia and will be restricted to use within BW Energy-owned or affiliated properties for its remaining useful life.

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The project “Sale of Valaris 247 Jack-Up Rig” is an infrastructure initiative, located in Australia. Taiyo aggregates data on it from Upstream Online.

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Participants

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Status

Original status

planned

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Description

Description

Valaris has agreed to sell its jack-up rig, Valaris 247, to BW Energy for approximately $108 million. The sale is expected to close in the second half of 2025, subject to customary closing conditions. The rig, which is 27 years old, is currently working offshore Australia and will be restricted to use within BW Energy-owned or affiliated properties for its remaining useful life.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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