ARO Drilling agrees extensions for five jackups with Saudi Aramco
ARO Drilling, a joint venture of New York-listed offshore driller Valaris, has signed extensions for five jackup rigs with Saudi giant Aramco.The extensions, all for five years, were signed for the <em>Valaris 250</em>, <em>Valaris 116</em>, <em>Valaris 146</em>, <em>Valaris 140</em>, and <em>Valaris 141</em> or as ARO Drilling referred to them in its statement, the <em>Bob Palmer 50</em>, <em>Rowan Mississippi</em>, <em>Rowan EXL IV 83</em>, <em>Ensco 140</em>, and <em>Ensco 141</em>, respectively. All five listed rigs are leased to ARO Drilling by Valaris.In its most recent fleet status report, Valaris said that it agreed short-term bareboat charter agreement extensions for the <em>Valaris 116,</em> <em>Valaris 146,</em> and <em>Valaris 250</em> jackups until April 30.The fleet status report noted at the time that Valaris and ARO were negotiating with Saudi Aramco regarding longer-term contract extensions for those three rigs.The three rigs will all be out of service at one point or another due to planned maintenance. <em>Valaris 116 </em>will be out for 180 days across the fourth quarter of 2025 and the first quarter of 2026, <em>Valaris 146 </em>will be out for 50 days across the second and third quarter of 2025, while the <em>Valaris 250 </em>will also be out for maintenance for some 180 days at the end of 2025 and the beginning of 2026.