Valaris has announced that its wholly owned subsidiary, Ensco UK Drilling, has entered into a Strategic Collaboration Agreement ('SCA') with PETRONAS Suriname and Halliburton to support the development of PETRONAS Suriname’s offshore assets.
The SCA brings together Valaris’ offshore drilling expertise and high-specification global fleet, PETRONAS Suriname’s project stewardship and basin knowledge, and Halliburton’s subsurface, well construction and digital solutions. The Agreement establishes a collaborative framework across the project lifecycle, including early-stage planning, technical integration and continuous improvement initiatives, to enhance operational efficiency and support transparent, value-driven project execution.
Suriname is part of the prolific Guyana-Suriname Basin, which continues to see strong exploration success and development activity and offers long-term opportunities for operators and service providers.
President and Chief Executive Officer Anton Dibowitz said, 'This agreement reflects our strong track record of delivering operational excellence, the capabilities of our high-specification fleet, and our ability to collaborate closely with our customers and partners. We are pleased to embark on this strategic initiative and look forward to delivering safe and efficient operations while creating long-term value for all stakeholders.'
See also: Halliburton enters strategic collaboration agreement for PETRONAS Suriname asset development
Source: Valaris
