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Valaris bags new contracts on jack-up rigs

US drilling firm Valaris has signed new, extended contracts with ARO Drilling on four jack-up rigs without disclosing the contract values.

Photo: Lucy Nicholson: Lucy Nicholson/Reuters/Ritzau Scanpix

Valaris has extended bareboat charter agreements on four jack-up rigs with ARO Drilling, a joint venture between the world's largest oil firm, Saudi Aramco, and the US drilling company, according to a statement.

Valaris doesn't disclose the value of the contracts.

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