Valaris enters collaboration agreement with Petronas Suriname, Halliburton

Valaris (VAL) announced that its wholly owned subsidiary, Ensco UK Drilling Ltd., has entered into a Strategic Collaboration Agreement with PETRONAS Suriname Exploration & Production BV and Halliburton (HAL) 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.