secwatch.observer — SEC 8-K summary
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Issuer:     Valaris Ltd (VAL)
CIK:        0000314808
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0000314808-23-000014
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314808/000031480823000014/0000314808-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314808/000031480823000014/val-20230221.htm
  HTML page:      https://secwatch.observer/filing/0000314808-23-000014

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