Valaris secures $500M Petrobras contract for drillship VALARIS DS-8; sells jackup VALARIS 54 for $28.5M

Valaris Ltd

Three-year Petrobras contract for VALARIS DS-8 valued at ~$500M including $30M mobilization fee.
100-day contract with TotalEnergies affiliate for VALARIS DS-12; VALARIS DS-15 option exercised at ~$254K/day.
Two-year extension for VALARIS 92 with Harbour Energy at $95K/day for P&A work; VALARIS 107 gets 70-day, ~$26M contract.
VALARIS Norway receives one-well contract with NEO Energy at $105K/day; sale of VALARIS 54 completed for $28.5M.
Total contract backlog as of May 1, 2023 is $2.8B across drillships, semisubs and jackups.

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