---
schema_version: "secwatch.filing_event.v1"
accession: "0000314808-23-000003"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2023-01-13T23:59:59+00:00"
generated_at: "2026-06-20T15:40:10.006438+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000314808-23-000003
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2023-01-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000031480823000003/0000314808-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000031480823000003/val-20230112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-23-000003
- JSON: https://secwatch.observer/filing/0000314808-23-000003.json
- Plain text: https://secwatch.observer/filing/0000314808-23-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.