Anadarko Petroleum Corp. has let contracts to Valaris Ltd. for drillships in the Gulf of Mexico.
The contracts include a 940-day extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, expected to start in mid-fourth quarter 2026. The combined addition to contracted revenue backlog is about $760 million.
Anadarko Petroleum is a wholly-owned subsidiary of Occidental Petroleum Corp.
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).
