# Valaris awarded $498M drillship contract by Equinor for Raia project offshore Brazil

Valaris Limited secured a multi-year contract with Equinor for the VALARIS DS-17 drillship to work on the Raia project offshore Brazil. The contract is valued at approximately $498 million for 852 days, with a 672-day drilling program expected to start in the first half of 2026.

- Type: Contract
- Announced: 2024-07-22
- Where: offshore Brazil, Brazil
- Value: $498.0M
- Status: announced
- Products: drillship services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Valaris](https://endata.com/companies/11408.md)
- [Equinor](https://endata.com/companies/1741.md) (customer)
- [Petrobras](https://endata.com/companies/2820.md) (partner)
- [Repsol Sinopec Brazil](https://endata.com/companies/78726.md) (partner)

## Sources

- [worldoil.com](https://worldoil.com/news/2024/7/22/valaris-secures-498-million-drillship-contract-from-equinor-for-raia-project-offshore-brazil/), 2024-07-22: "The estimated total contract value is approximately $498 million, inclusive of MPD, additional services and fees for mobilization and minor rig upgrades."
- [offshore-mag.com](https://www.offshore-mag.com/rigs/article/55127946/equinor-takes-valaris-drillship-for-raia-wells-offshore-brazil), 2024-07-23: "We are grateful to Equinor for the investments they have made in leading-edge safety and automation technology on VALARIS DS-17."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.