Valaris wins ~$220M in new offshore drilling contracts

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Go back to Valaris wins ~$220M in new offshore drilling contracts

Valaris Announces Contract Awards and Fleet Status Updates

October 7, 2026 7:00 AM EDT

HAMILTON, Bermuda--(BUSINESS WIRE)-- Valaris Limited (NYSE: VAL) (Valaris or the Company) today announced that it has been awarded new contracts and contract extensions, with associated contract backlog of approximately $220 million, subsequent to issuing the Companys previous fleet status report on August 5, 2026. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements.

Floater Contract Award

Two-well exploration contract with PETRONAS Suriname Exploration & Production B.V. for drillship VALARIS DS-18. The contract, which follows a previously announced Letter of Award, is expected to... More