Valaris wins $136M BP contract for drillship DS-12; multiple jackup extensions and new contracts

Valaris Ltd

Four-well contract with BP offshore Egypt for VALARIS DS-12, estimated value $136M, 320-day duration starting late Q3 2023.
Two-year option exercised by Harbour Energy for jackup VALARIS 120, extending contract through July 2025.
Shell awards 210-day contract for VALARIS 121 in UK North Sea, total value over $25M, starting early Q4 2023.
Three-year contract extensions for VALARIS 147 and 148 with ARO Drilling offshore Saudi Arabia.
Contract backlog stands at $2.39B as of Jan 12, 2023, with $1.39B in 2023 and $786M in 2024.

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