---
schema_version: "secwatch.filing_event.v1"
accession: "0000314808-23-000014"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:22:59.723851+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Valaris reports new contracts and extensions; backlog $2.46B as of Feb 21, 2023

## Summary
- Shell exercises 330-day option for drillship VALARIS DS-10 at $231,000/day, extending contract to March 2024.
- One-year contract for jackup VALARIS 249 offshore Trinidad at $125,000/day; $8.5M mobilization fee.
- Eni exercises one-well option for jackup VALARIS 107 at $126,500/day.
- ARO Drilling secures five-year bareboat charter for VALARIS 76 (Q1 2024) and three-year for VALARIS 108 (Q3 2023).
- Total contract backlog $2.46B; drillships backlog $1.06B, jackups $742M.

## SEC filing metadata
- accession: 0000314808-23-000014
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000031480823000014/0000314808-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000031480823000014/val-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-23-000014
- JSON: https://secwatch.observer/filing/0000314808-23-000014.json
- Plain text: https://secwatch.observer/filing/0000314808-23-000014.txt

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