Rig: Valaris 54

Name Valaris 54
Owner Valaris PLC
Manager Valaris PLC
Rig Type Jackup
Sub Type Independent Leg Cantilever
Jackup Type Standard
Max Water Depth (ft) 300
Max Drill Depth (ft) 25000
Dimensions (ft) 180 x 175 x 25
Leg Length (ft) 417
Competitive Yes

Current Location

Country Saudi Arabia
Region Middle East

Drilling Equipment

Drawworks Type Continental Emsco C2 Type II
Drawworks HP 2000
Mud Pumps Type Continental Emsco FB-1600 Triplex
Top Drive National Oilwell Varco TDS-4HQ
Hookload Capacity (lbs) 1036000

Rig Construction Details

Rig Design Friede & Goldman
Rig Model L-780 Mod II
Year Built 1982
Country of Build China (Taiwan)
Yard Name Keelung Shipyard
Group Yard Name CSBC Corporation, Taiwan

Rig Contract Details

Operating Status Operational
Operator Saudi Aramco


15 Apr 2015

Saudi Aramco reduces wave of jackup rates

Both Ensco Plc. (“Ensco”) and Rowan Companies Plc. (“Rowan”) have announced agreements with Saudi Aramco to reduce dayrates for a combined 12 jackups (five Rowan jackups and seven Ensco jackups). The wave of rate reductions for Rowan’s five units began on the 1st March 2015 and will last 12 months until 1st March 2016. Meanwhile the reductions for Ensco’s began in April 2015 and run until January 2016. Rates have been reduced from 9% up to 32% in some cases for the 12 jackups. The announcement of rate reductions for these units is expected to be echoed by other rig managers that have units on contract with Saudi Aramco.

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