---
schema_version: "secwatch.filing_event.v1"
accession: "0000314808-23-000044"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:55:21.577731+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000314808-23-000044
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000031480823000044/0000314808-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000031480823000044/val-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-23-000044
- JSON: https://secwatch.observer/filing/0000314808-23-000044.json
- Plain text: https://secwatch.observer/filing/0000314808-23-000044.txt

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